Hope Capital launches residential fast-track bridging loan

Hope Capital has launched a residential fast-track bridging loan to support borrowers ahead of the impending stamp duty deadline.

With the new stamp duty rules set to come in from 1st April, many homebuyers are against the clock to quickly source a loan and avoid paying thousands more than planned.

As a result, Hope Capital has established a designated fast-track underwriting team, following the appointment of Emily Bell and Sasha Ehlke-West and promotion of Stacey Bradwell as three new underwriters in the business. 

The service enhancement is complimented with Hope Capital’s latest rate reduction, with rates starting from 0.92% up to 75% LTV.

Hope Capital's range is available for residential purchases and capital raise, with loans up to £500,000.

Kim Parker, head of sales at Hope Capital, commented: “We’ve been operating in the bridging market for over 13 years now and therefore are no rookie when it comes to not just providing speed, but also being a reliable lender who gets the deal across the line. Initiating a designated fast track team within the business, as well as having access to several key features including dual representation and instant valuations, will be instrumental for loans which need to be turned around extremely quickly."

Laura Carr, head of underwriting at Hope Capital, added: “This new service will ensure we can move quicker than ever to continue to provide the speed required. That said, it is paramount our borrowers understand this is a two-way street process, which is why it is vital our clients have all the information needed readily available so we can deliver what is required within their desired timeframe.

"We’re really looking forward to getting the ball rolling and supporting our clients with this much-needed solution ahead of the stamp duty deadline.”