Aspen Bridging is to offer indefinitely fixed rates from 0.64% for prime residential purchase and refinance deals up to 70% LTV.

This follows a rise in applications from September’s ‘Lend a Hand’ offer.

Offering a reduction of 5bps, the move saw applications increase by 32% against August and by 36% based on September last year.

Aspen’s ratecard also offers 75% LTV for residential & light refurbishment with rates of 0.69%.

Jack Coombs, director at Aspen Bridging, said: “This has placed us among some of the most competitive lenders, however our main differentiation remains our timed service proposition which ensures deals will be completed as efficiently as claimed.

“Brokers know this, which is why we saw a surge in demand in time with the September rates offer and which is why, following this good response, we will maintain this rate going forwards.”