Hope Capital revamps Scotland offering

Hope Capital has expanded its offering in Scotland by adding new products and enhancing its lending criteria.

The lender has increased the maximum loan amount from £1m to £5m and has upped the maximum LTVs across all property types to 75% for residential, 70% for mixed-use and 65% for commercial.

It has also revised the general rates available in Scotland so that they are aligned to the firm’s proposition in England and Wales, with non-discounted rates starting from 0.70% and discounted rates beginning from 0.39%.

In addition, Hope Capital has made its light refurbishment range, as well as its seventies and eighties collections, available in the country.

Brokers with light refurb cases can now contact Hope Capital about the range, with medium refurb cases available by referral.

Gary Bailey, managing director at Hope Capital (pictured above), said: “It was announced earlier this year that we had entered the Scottish market; since then, Hope Capital has experienced a consistent high level of enquiries from Scotland, which is why we are confident these product improvements will be well received.

“By providing lower rates, higher LTVs and more product options, we are now even better positioned to offer more innovative and affordable solutions, which will enable brokers and borrowers to be ideally placed to take advantage of new residential, mixed-use and commercial opportunities in Scotland.”

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