Aspen Bridging has launched a new dual representation legal service designed to cut completion times and improve efficiency across its lending.
The London-based short-term lender has appointed Lightfoots and Lawrence Stephens to its legal panel following what it described as a rigorous selection process.
The firms will act for both lender and borrower on refinances, purchases and light refurbishment deals, including for foreign nationals.
The new structure will be available alongside Aspen’s “no valuation” service on both bridging loans and three-year bridge-to-let products.
Jack Coombs (pictured), managing director at Aspen, said: “We are very pleased to be working with Lightfoots and Lawrence Stephens. The introduction of dual representation represents a substantial advancement in our services that should mean faster, more efficient processes.
“When combined with our No Valuation approach we are confident that we are providing borrowers and brokers with not only a competitive offering, but one that can credibly be regarded as best-in-class.”
Melissa Talon, partner at Lightfoots, said: “The launch of their dual representation service is a step forward in streamlining transactions for clients and we’re proud to play a role in delivering that enhanced service.”
Ann Ebberson, head of real estate finance for Lawrence Stephens, added: “Lawrence Stephens are delighted to be appointed to Aspen’s legal panel and to support their dual representation offering.
“Whether it’s a refinance, purchase or light refurbishment, our team is committed to ensuring a smooth and efficient experience for all parties involved.”
