Hope Capital overhauls product range

The products offered by the specialist short-term lender have undergone a major revamp, with non-discounted rates now starting from 0.59%.

In addition, Hope Capital is now providing second charge bridging loans, when cross charging with a first charge as additional security, meaning borrowers can maximise their borrowing. The firm will continue to provide loans from 50k to £5m and for a term of up to 18 months.

Residential bridging and refurbishment loans now start from 0.59% up to 60% LTV with max LTVs up to 80%.

Mixed use bridging and refurbishment loans, as well as commercial bridging and refurbishment loans, now start from 0.78%.

Additionally, Hope Capital is now offering up to 70% LTV on residential AVMs and will accept desktop valuations on residential property up to £2m and up to 75% LTV.

Gary Bailey, Managing Director of Hope Capital, said: “Throughout 2021 we launched a range of products to accommodate the needs of brokers and their clients. Moving forward, we have revamped our product range, which not only incudes reducing rates, but also repositioning our offering as a whole, so it is clearer and more appealing.

“In turn, this helps enhance the broker experience and solidifies our position within the bridging lending market in terms of affordability and service.”