Hope Capital launches new bridging loan range
Hope Capital today launches a new product range, taking into account the needs of individual customers and catering for the needs of different borrowers and their level of borrowing. The new set of products offers a MINI, MIDI and MAXI loan to choose from.
The MINI Loan starts at just £50,000 and goes up to £150k. This is the first time Hope Capital has been able to offer brokers and their clients loans from £50,000 and is a significant change to its product offering. Hope Capital will now be able to provide a suitable lending solution to even more borrowers.
The MIDI Loan starts from £150,000 and goes up to £500,000, with any loans above £500,000 falling into the MAXI Loan range. These three product tiers allow the loan to be constructed to meet the client’s needs.
Hope Capital has also revised its LTVs and rates in line with the new loan range. Interest rates available start at just 0.54% per month.
The new product range is part of the Hope Capital Custom Collection, which comprises six different products, features and options, all of which are designed to give the most suitable solution for the borrower.
The MINI, MIDI and MAXI loans are designed specifically for residential property and can be combined with other product features and options to meet clients’ needs. For example, there are options for zero fees and discounted rates, and they can also be combined with the existing Hope FleXi product.
By providing this collection of products, Hope Capital enables brokers to offer their clients a loan that is truly customised to meet their needs.
Hope Capital continues to lend across mixed-use and commercial property and land as well.
Hope Capital is a leader in the bridging market and known to be a highly flexible and innovative lender. It is dedicated to service excellence, with a team of dedicated BDMs to help brokers to discuss their clients’ needs.
Gary Bailey, pictured, managing director, Hope Capital, said:
“We’re proud to be launching this new product range which includes our smallest ever loan, starting at £50,000. As part of the new Custom Collection, these three tiers aim to meet the needs of the broker and borrower. Considering the current market, we’ve placed an emphasis on upfront affordability with the new products.
As always with Hope Capital, we aim to offer the utmost flexibility and speed whilst being transparent throughout the process.”