Hope Capital revamps Flip+ loan to combine bridging and refurbishment finance

By

Laura Carr and Jemma Wood- approved

Specialist short-term lender Hope Capital Property Finance has revamped its Flip+ loan, introducing an enhanced structure designed to support borrowers from acquisition through to refurbishment under one lending relationship, with continuity of underwriting.

The updated product connects bridging and refurbishment finance into a single, structured facility. Rather than requiring borrowers to refinance or move lenders mid-project, Flip+ allows a seamless transition between stages, helping to reduce delays, costs, and administrative burden.

Borrowers can acquire residential, semi-commercial or commercial assets via an initial bridging loan of up to 12 months, before transitioning into a refurbishment facility of up to 18 months within the same arrangement.

The proposition is designed to address a common challenge in development finance: the need to refinance part-way through a project. By keeping both stages under one lender and, where possible, the same underwriter, Hope Capital aims to improve speed, consistency and execution.

Key features include:

· Up to 12-month initial bridging term
· Up to 18-month refurbishment facility
· Rates from 0.80% and up to 75% LTV
· No minimum term (waived at point of flip)
· £1,250 single admin fee including legals for the flip transaction
· Second facility fee applied only to the increased loan amount
· No automatic LTV reduction based solely on structure; underwriting based on GDV and deal fundamentals
· Up to 100% of build costs funded
· Refurbishment funds typically released on the same day

Laura Carr, Director of Underwriting, Compliance and Stakeholder Relations at Hope Capital Property Finance, said:

“We anticipate strong demand for this product and look forward to offering it to both existing clients and new borrowers seeking an initial loan with plans to undertake refurbishment works.

By transitioning onto a new loan with us, clients do not need to restart the application process. Flip+ cases can be reassigned to the original underwriter, creating a more streamlined and significantly faster experience than moving to another lender.”

Jemma Wood, Director of Portfolio, Asset and Risk at Hope Capital Property Finance, added:

“Our Loan Support & Relations team work closely with borrowers throughout their agreements and are well placed to support the transition from bridging into refurbishment through Flip+.

The product removes the need to repay certain fees and provides borrowers with greater flexibility and control over their projects.”

By linking acquisition and refurbishment into a single facility, Flip+ is designed to provide greater speed, continuity and cost efficiency for developers managing time-sensitive projects.

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