Hope Capital revamps bridging loan range

Specialist short-term lender, Hope Capital, is going back to basics with a brand-new product refresh.

As brokers and borrowers are facing various forms of uncertainty in the property market, Hope Capital has streamlined its proposition to make it even easier for brokers to access their product range.

Previously, the lender offered multiple product options, but has now consolidated their offering, so it is clearer and more appealing.

Hope Capital’s range now simply stands as options suitable for residential, semi-commercial, commercial and land deals, which can be used for a range of purposes from property purchase, refinance, and an array of other business purposes, including debt consolidation and covering cash flow.

While still providing some of the most competitive rates in the market, the lender hopes this refresh will result in even more intermediaries utilising their offering, as they continue to have access to affordable options which are coupled with the delivery of a second-to-none service.

Full details of the new product range include:

Residential bridging loan: 

Rates from 0.89% with up to 75% LTV

Semi-commercial bridging loan: 

Rates from 0.99% with up to 70% LTV

Commercial bridging loan: 

Rates from 1.09% with up to 65% LTV

Land with planning bridging loan: 

Rates from 1.45% with up to 60% LTV

Jonathan Sealey, CEO at Hope Capital, commented:

“It’s never been so clear that brokers want access to products that are transparent and of course, affordable.

There’s no denying there is a lot of volatility in the market at present, but our approach is to take a step back and look at what can be done to ensure our brokers and clients can keep borrowing with confidence.

By repositioning our product range, and keeping our rates highly competitive, we feel confident this will be a welcome enhancement in the market.”

Despite the uncertainty and the removal of products from a significant number of other lenders both in the specialist and high street markets, Hope Capital has continued to deliver significant results in the past year.

The lender recently announced that the first half of 2023 was their most successful period to date, with a significant increase in enquiries and completions.

Jonathan Sealey, added:

“As we head into the closing months of the year, we’re fully committed to achieving more results and supporting brokers who are looking for affordable and reliable bridging finance solutions.

With that in mind, we’re working on adding even further value to our offering with an extremely competitive enhancement, which we look forward to sharing with the market very soon.”