brian baker

Hope Capital launches fixed-fee loan

Hope Capital has introduced a fixed-fee loan.

The bridging lender’s product is available up to 75% LTV and for a term of between one to six months, while the actual fee will be agreed on a case-by-case basis. 

Hope added that the fixed-fee loan has no complicated interest calculations or hidden fees, and believes it is one of the most straightforward bridging products in the market.

This is due to the fact that borrowers agree on the fixed fee at the outset and simply pay when the loan redeems. 

As no interest is taken from the gross loan at the outset, the borrower is able to release more money from day one, making it ideal for investors who have bought a property below market value and are looking for a quick turnaround. 

Brian Baker, head of operations at Hope Capital (pictured above), said it was continually looking to offer new products which were innovative, exciting and market leading.

“With the fixed-fee loan, we have taken a standard product and turned it around to create a simpler and more transparent bridging loan, which allows property investors to quickly and easily calculate their profit potential on any deal.

“We believe we are the only bridging lender to be offering such a facility. 

“It is something the market has long needed and we think it will prove very popular.”

Dan Condliff, a broker from Revellis, added: “In this sector, a product of this kind is very much in demand.  

“This facility will enable our clients to cement short-term opportunities with an improved return.  

“An excellent disrupter in the short-term finance marketplace from a trusted brand.”

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