Hope Capital

Hope Capital enters Scottish market



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Hope Capital has announced it has launched its short-term finance proposition in Scotland.

Having tracked the Scottish property market for some time, the specialist lender is expanding its offering to brokers and their clients who have property in Scotland.

This includes a range of bridging loans for residential, mixed-use and commercial property.

The news follows a series of new products introduced by Hope Capital in recent months for property across England and Wales.

Gary Bailey, managing director at Hope Capital, said: “Despite the challenges of Covid-19, we have experienced a consistent high level of enquiries and now is the time to extend our lending into the underserved Scottish market.

“We've been monitoring the Scottish property market and it has remained buoyant in the last 12 months, so it is clear there is a growing demand for bridging finance.

“This is really great to see, especially after such a challenging year.”

He added that the lender was looking forward to providing excellent service in Scotland and assisting brokers with the delivery of innovative, unique and flexible bridging finance solutions, which will help clients reach their business and investment ambitions.

Ewan Mcfarlane at Simple Commercial Finance Scotland, commented: “I am delighted to hear Hope Capital has chosen to offer its unique, competitive bridging finance products in Scotland, and I look forward to working with the team in the near future.”

In early March, Hope Capital reported it had increased the size of its loan book by 221% since February 2020, reaching its highest point since launching in 2011.

This comes after a number of product ranges added throughout the lockdown periods, including the seventies, eighties and nineties collections, as well as its refurbishment offering.

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