Hope Capital completes £186k re-bridging loan in five days

By Bridging Loan Directory 12th March 2025

Hope Capital has completed a re-bridging loan for a residential property in just five working days.

The property located in Warrington was purchased by the borrower, Roger Goodwin of Goodwin Property Ltd and converted into an HMO under permitted development rights.

However, delays in attaining a refinance option necessitated an interim solution to retain the property within the borrower’s portfolio.

Hope Capital’s involvement enabled the borrower to secure a 12-month term, providing the much-needed time to source longer-term finance.

A total loan amount of £186k was provided at a competitive rate of 0.85%, with the full amount advanced on day one.

As speed was essential, Hope Capital expedited through the deal utilising its fast-track underwriting process, use of title insurance and no upfront legal undertaking, with the help of the broker, Sophie Owen at Pure Property Finance.

Despite the property falling outside its standard desktop valuation criteria, the lender also utilised this valuation method to help significantly speed up the process.

Once the deal had completed, the borrower contacted Hope Capital’s case manager, after just 7 weeks to organise an early redemption.

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

“This is a prime example of how we’re able to step in to support our borrowers with an ultra-fast service.

Through our partnership with Pure Property Finance and our adaptive approach, we implemented various features, ensuring we could step in and speed up the process.

While a 12-month loan term was initially agreed to ensure the borrower had the time needed to organise their exit strategy, we were able to provide an early redemption, demonstrating our commitment to flexibility throughout the entire loan process.”

Roger Goodwin, Goodwin Property Ltd, added:

“Hope Capital came to the rescue when a mortgage offer didn’t complete on time due to capacity issues in their conveyancing team.

I was delighted with the service I received throughout the whole process.

I was especially grateful for the accommodations made during the valuation stage as this sped up the process and gave me more time to access my long-term options.”

Sophie Owen, Pure Property Finance, continued:

“I had an urgent bridging loan enquiry come in on a Monday morning for a client needing to exit an existing bridging loan facility on the same Friday, or face massive charges.

I spoke with Hope Capital’s National Account Manager, Sam Lea, about the case who promptly got terms over.

Andrew Bate then underwrote the case and took it through to completion.

His rapid updates and seamless underwriting got the case done in time and was instrumental to getting the desired outcome for the client.

Always so happy with Sam and Andrew as a team and this case highlighted their capabilities.

Whenever I need a quick turnaround and first-class service, I always think to look to Hope Capital, Sam and Andrew.”