Hope Capital reports highest success level in H1 2023

Hope Capital has today (2nd August 2023) revealed that H1 2023 was its most successful period to date, with a significant increase in enquiries, applications and completions.

During the past six months enquiries increased by 86%, applications were up by 101% and completions grew by 106%, compared to the same period last year.

The lender witnessed a surge of loans in June, which were taken out for reasons such as residential investment property acquisitions, semi-commercial and commercial property purchases, auction completions, business cashflow requirements, refurbishments, conversions, and development exits.

Hope Capital has also been making enhancements to its product range, including cutting rates on all deals over £1m, offering 80% LTV on medium and heavy refurbishment projects, introducing two new products — bridge-to-let and term-to-rent — as well as introducing its fixed-rate scheme, the Hope Guarantee.

The lender has suggested it will be expanding its team over the next few months to support this growth.

Jonathan Sealey, CEO at Hope Capital (pictured above), commented: “This is an unbelievable achievement for our team.

“As we all know, there’s a lot of movement occurring in the market at the moment but for us it’s business as usual.

“We have made the decision not to remove any of our products from the market and instead focus on what else we can offer to help brokers and their clients.

“I am sure that we will continue to see rapid expansion throughout the rest of the year, and I look forward to the road ahead.”

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