Hope Capital has extended the time period that it is making its lowest ever bridging interest rate available following phenomenal demand from brokers. The response has been so strong, Hope Capital has just had its busiest month in the history of the company.
In the month of June Hope Capital experienced an 83% increase in enquiries and 263% increase in appointments. Despite the increase in enquiries, Hope Capital maintained its exemplary record in providing a great service, with the fastest Heads of Terms delivered in June being in just 18 minutes.
Rates were lowered so they started at just 0.69% per month on loans of up to £5million across its range of bridging loans. This will now be available throughout July and maybe even longer if demand continues to stay strong.
In addition, Hope Capital has introduced a new pricing matrix across all of its products, designed to make it easy for brokers to see the different LTVs and rates that Hope Capital will work to. The pricing matrix is now available on the Hope Capital website at: www.hope-capital.co.uk
The new pricing applies to residential, retail, commercial and semi-commercial properties and land. Borrowers can use the loans for property purchase, refinance and an array of other business purposes, including debt consolidation and covering cash flow.
Terms will typically be offered within one hour of the loan application and brokers will continue to have direct access to underwriters and senior decision makers.
Gary Bailey, managing director of Hope Capital says,
“As part of Hope Capital’s growth plan we have recruited heavily in recent months in order to facilitate sustainable growth and the result of this investment is clear. With such a significant uplift in business we now have the infrastructure in place to ensure that we can cope with a considerable uplift in volume; Hope Capital can continue to upscale, while maintaining some of the best service and turn-around times available in the UK – even when looking at complex projects outside of the norm.
“The new rates and products have clearly been very enthusiastically received by brokers so it makes perfect sense for us to make them available for longer. Hope Capital now clearly has the right mix of product, flexibility, speed and rate transparency.”