Hope Capital launches its lowest ever bridging rate

Hope Capital has announced its discounted rate loan product is now available from 0.39% per month, the lender’s lowest ever bridging rate.

The offering features a reduced rate for the initial three, four or six months, depending on the borrower’s preference, with it then increasing for the rest of the loan term.

The product, which offers loans between £150,000 and £2.5m, has also been modified to include mixed-use and commercial properties.

The specialist lender has also trimmed rates across its capital and seventies collections for residential property, which now start from 0.70% per month, as well as its refurbishment range, which is available at 0.80% for light refurbishment and 0.82% for medium to heavy cases.

Jonathan Sealey, CEO at Hope Capital (pictured above), said: “The first half of 2021 has undoubtedly been a very busy time in the specialist lending market, and we feel very confident that the demand for bridging finance will remain incredibly strong going forward. 

“This is why we continue to ensure we focus on offering new innovative options which offer flexibility and affordability for the borrower.

“The enhanced discounted rate loan ties in with launch of the Lions fast-track bridging product , the fastest bridging loan offered by Hope Capital. 

“With rates now available on the Lions fast-track bridge from 0.39%, up to 65% LTV, with a loan on properties worth up to £500,000 and the opportunity to complete the deal within hours of making an initial enquiry, this is an extremely attractive proposition for brokers and their clients.”

As part of the firm’s growth plans, it has expanded its team with BDMs now covering all parts of the country. 

“As a result, we felt it was the right time to review our pricing model and reduce our rates, which we feel confident will be a hit in the market.”

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