Hope Capital launches into Scotland

As part of its plans to quadruple its loan book, Hope Capital has launched into the Scottish market…

An initial £10m worth of funds has been allocated to Scotland for commercial and residential property along with non-regulated loans of up to £1.5m for six months or less. 

Hope Capital more than doubled its loan book last year and expects to quadruple it again this year and Jonathan Sealey, CEO of Hope Capital, explained how the time was “absolutely right” to expand into Scotland.

“With both the referendum and post-election uncertainty out of the way there is a lot of positive sentiment in Scotland at the moment; the number of property transactions is increasing and house prices are soaring,” said Jonathan. 

“Since we started exploring the opportunity to operate in Scotland earlier in the year we have already had a number of very interested parties looking to work with us. 

“As we do in the rest of England and Wales, we are only looking to lend through the intermediary community; it is advisers that we have our relationships with and we are incredibly loyal to this sector.”

Hope will now be looking for new underwriters and additional BSMs to help with the expansion of business in Scotland and the rest of England and Wales.