Hope Capital launches clean credit bridging loan

By Bridging Loan Directory 18th November 2024

Hope Capital has today launched its clean credit bridging loan, tailored for borrowers with good or excellent credit.

The premium range sees the lender make significant rate reductions to its residential offering, where borrowers who fit into the criteria can now benefit from either 75% LTV at 0.91% or 70% LTV at 0.89%, providing up to a 0.05% decrease from its current offering.

Designed for light works on residential projects with a value up to £750k, loans must fall under the lenders AVM and desktop valuation criteria and title insurance is required.

To qualify for Hope Capital’s latest offering, borrowers who are eligible will:

Have good or excellent credit rating
Reside in the UK
Have at least one other UK asset
No CCJs in 24 months
No missed mortgage payments in 24 months
No bankruptcy/IVA’s
No rolling arrears

Kim Parker, Head of Sales at Hope Capital, said:

“Following the Bank of England’s recent interest rate cut, we wanted to inject a little more momentum into the market, providing a fantastic opportunity for our borrowers with clean credit to capitalise from very competitive rates complimented with high LTVs.

Our offering is extremely versatile, providing a host of options across our product range for all types of borrowers and their individual circumstances.

Having this extremely competitive offering now available, we are confident it will be highly sought after to support the demand for residential investment opportunities.”