The deal was completed at 72% LTV on Aspen’s Stepped Rate starting at 0.59% over 10 months

The new product, which has rates starting from 0.6% comes alongside newly announced rate reductions from the lender.

The £27.5m deal with Leumi UK is the firm's largest to date.

The specialist lender has reduced rates following a surge in demand for bridging lending

The UK's bridging sector has seen the value of completions soar by 28% on the year, according to data released by Excellion Capital.

The specialist bridge lender has closed a £6.7m loan to one of Newcastle upon Tyne’s leading family-owned property developers.

The majority of bridging loans taken out during Q3 were used for investment purchases, according to newly released data from Bridging Trends.

Bridging lending has continued its record-breaking growth, according to newly released BDLA figures which show a 2.6% quarterly rise.

The case was completed within the required timeframe despite the applicant changing the lead company name at the eleventh hour.

The client was able to secure a 75% LTV bridging loan at 0.86% after Norton approached specialist lender, StreamBank.