Hope Capital reduces rates on its residential product

Hope Capital has announced that it has reduced rates by 0.06% on its residential product to assist brokers with more affordable options for their clients.

According to the lender, following the reduction its residential product will now have starting rates of 0.89% and be available for up to 75% LTV. Loans will be available for between £100k and £5m, with 3 – 18 month terms.

Hope's residential product will be available across England, Wales and Scotland. However, for Scotland, postcode restrictions will apply.

The rate reductions come alongside the announcement of the lender’s most successful quarter to date since it was established in 2011.

Jonathan Sealey, (pictured) CEO at Hope Capital, commented: “What a year 2023 has been for Hope Capital! To be able to say we have achieved two record periods within a number of months is a tremendous accomplishment.

"Our growth has no doubt accelerated due to the strategy we have implemented over the last 12 months, which has focused on ensuring we are delivering reliable, transparent and competitive products to meet market demand while having the most effective processes in place and a team who have the knowledge and expertise to provide second-to-none service.”

Jonathan continued: “Moving forward, we of course want to continue to grow our success, while also ensuring our brokers and borrowers can access competitive options. The latest enhancement compliments our recent product overhaul where we streamlined our entire proposition, by providing even more affordability for the borrower.

“Thanks to our continuous product innovation and the continued hard work and support of the team and our partners, the business continues to go from strength to strength.”