New hybrid product combines short-term bridging with two-year bridge-to-let option

Specialist lender Aspen Bridging has introduced a three-year hybrid version of its bridge-to-let product, offering a combination of short-term bridging and longer-term financing.
The new product allows borrowers to secure a nine-to-12-month bridge, followed by a two-year bridge-to-let option. Both components are fully underwritten upfront, requiring only one facility letter and one valuation.
Targeted at foreign nationals, heavy refurbishment projects, and semi-commercial borrowers, the product is designed to offer flexibility for bridging – including no UK footprint requirements and funding for significant works – along with the certainty of multi-year BTL financing.
Bridge-to-let rates start at 6.79% per annum, with bridging rates beginning at 0.79% per month. Aspen has also introduced features such as Docusign and no search indemnity to simplify the legal process.
The maximum loan size is £5 million, with loan-to-value (LTV) ratios of up to 80%. The product is available for funding projects and investment properties across England and Wales.
“We are very positive that our new three-year bridge-to-let will appeal strongly to both foreign investors and UK developers,” said Jack Coombs (pictured), managing director at Aspen Bridging. “It offers true bridging, such as lending without UK footprint and support for heavy works, combined with the certainty of BTL funding after the bridge.”
The launch follows Aspen Bridging’s recent introduction of its 2025 Rate Card, which includes rate cuts of up to 80 basis points for new applications and an increased maximum loan size of £15 million net.
The updated rates include flat rates starting at 0.79% per month and stepped rates from 0.45% per month. The lender’s heavy refurbishment bridge product now offers up to 75% LTV with rates starting at 0.87%. Additionally, Aspen’s development exit and refurbishment bridge product is available at 80% LTV with rates from 0.89% or 75% LTV from 0.84%.
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