Hope Capital enhances residential bridging offering

Hope Capital has strengthened its residential product range with reduced rates and various enhancements to internal processes and efficiencies.

The lender’s residential bridging rates are now available from 0.85%, offering up to 75% LTV on properties worth up to £5m.

All bridging deals including light refurbishment cases now offer rates from 0.85%, with medium refurbishment cases from 0.92% and heavy refurbishment cases from 0.97%.

Jonathan Sealey, CEO of Hope Capital, commented: “We are pleased to further strengthen our residential bridging loan offering, with these significant rate reductions. While the Bank of England made the decision to retain interest rates for the fourth consecutive time on the bounce, we are delighted to be in a position to reduce our rates to support our brokers and borrowers with affordable options.

“Our enhanced offering will be supported by the developments we have introduced internally, which means we are now in an event better position to support brokers and borrowers.

“Owing to the resilience and hard work of the team, coupled with the excellent service we are renowned for, 2023 delivered results well beyond all expectations. We are currently witnessing a surge in enquiries coming through the door, so it is fantastic to see market confidence is beginning to restore. However, it is paramount there are affordable options made available to support those who are looking to capitalise on investment opportunities.”