Hope Capital

Hope Capital revamps product offering



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Hope Capital has fully updated its entire product proposition.

Following this, the lender’s residential bridging and refurbishment products are now available from 0.59% at up to 80% LTV, while its mixed-use loans are priced from 0.78% at maximum 70% LTV.

Across its commercial bridging and refurbishment range, rates start from 0.78% at up to 65% LTV.

Meanwhile, pricing for its land with planning bridging loan starts from 0.79% at maximum 65% LTV.

The lender also now offers up to 70% LTV on residential AMVs, and accepts desktop valuations on residential property up to £2m at maximum 75% LTV.

In addition, Hope Capital will now provide second-charge bridging loans at up to 70% LTV, when cross charging with a first charge as additional security to allow clients to maximise their borrowing.

Gary Bailey, managing director at Hope Capital (pictured above), said: “Throughout 2021, we launched a range of products to accommodate the needs of brokers and their clients. 

“Moving forward, we have revamped our product range, which not only incudes reducing rates, but also repositioning our offering as a whole, so it is clearer and more appealing.  

“In turn, this helps enhance the broker experience and solidifies our position within the bridging lending market in terms of affordability and service.”

Roz Cawood, director of sales at Hope Capital, added: “At Hope Capital, we prioritise listening to brokers and taking their feedback into consideration — as a result, this enables us to deliver a range of competitive and innovative solutions to meet the needs of their clients.

“With the market reaching an all-time high in terms of the interest shown in bridging loans in general, it has become clear that brokers want access to products which are transparent and affordable. 

“The product revamp we have undertaken reflects all of these elements, which is why we feel confident these improvements will be well received.”

The proposition revamp follows Hope Capital’s strongest ever performance in the 2021/22 financial year, which saw completions year-on-year grow by 107% and a nearly 50% increase in AIPs.

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