Hope Capital announces biggest ever rate drop with new flat rate structure

Hope Capital has announced its biggest ever rate drop, now providing flat rates across its bridging range.

Previously the lender's rates were priced depending on the specific deal and the level of works, however the new offering means a single rate can be applied to benefit a multitude of projects, including structural and non-structural light, medium and heavy refurbishment cases.

Hope Capital says it has introduced the simplified process for greater transparency and easier decision making, which will ultimately produce faster turnarounds.

The new offering is available on loan amounts between £100,000 - £5m, across England, Wales and Scotland for a term of 3-18 months.

Residential bridging loans are now available at 0.92% up to 75% LTV, semi-commercial bridging loans at 1.05% up to 70% LTV, and commercial loans at 1.09% up to 65% LTV.

Hope Capital’s new rates can be utilised with key features, including instant valuations up to 75% LTV, dual representation, and no exit fees, depending on the type of deal. 

Kim Parker, head of sales at Hope Capital, said: “Hope Capital are kickstarting 2025 as we mean to go on. We ended the year following the acquisition of a new multi-million-pound facility from Shawbrook Bank, as well as achieving our most successful quarter to date.

“Not only is this the biggest rate reduction we’ve ever made, but it’s also one which revolutionises our offering altogether. We appreciate there is nothing more frustrating than lenders who say ‘rates from...’. Our new offering is clear, without any misleading jargon, so brokers immediately know what their clients can benefit from in terms of rates and LTVs. 

“Not forgetting the cost effectiveness of having access to a single rate, which we anticipate will be particularly advantageous to support the level of medium refurbishment enquiries we receive. 

“With the Bank of England’s unpredictable rate cycle, we want to ensure we’re creating opportunities for our borrowers to utilise short-term lending to capitalise from their investment plans.”