Aspen Bridging has completed a £4,650,000 residential purchase bridge for a foreign national on a super-prime property in Chelsea Harbour.
Completed at 55% loan-to-value (LTV), the lender utilised its remote signing and witnessing agreements for international clients, as well as a translator, to ensure the funds were available on the day required for the high-net-worth overseas applicant.
The property is a luxury triplex penthouse apartment covering 5,000 sq. ft over floors eight, nine and 10 of a modern new-build tower.
The deal was completed on Aspen’s Flat Rate at 0.92% per month over 12 months, and the exit will be via a buy-to-let mortgage.
In line with the lender’s one-person customer service commitment, the deal was taken from start to finish by Laura Randall, senior underwriter.
Ian Miller-Hawes, sales director for Aspen Bridging, said: “This is one of several deals to have been completed on London super-prime properties in the last six months, and there are more in the pipeline for both UK residents and foreign nationals.
“It is a pleasure to acknowledge that brokers now recognise us as a lender that can handle anything from smaller completions in the more remote regions of England and Wales all the way through to the very top of the market in super-prime London boroughs, whether that be one property or a larger development.”
