Hope Capital has today launched a new bridging loan product.
Called ‘Hope Seven 5’ the highly competitive new bridging loan will be at a rate of just 0.75% per month, up to 75% LTV on non-regulated residential property up to £750,000.
The product will be available throughout England and Wales for a loan period of up to 12 months both to individuals and companies. The loan will be available on a first charge basis.
Borrowers can use the loans for property purchase in a range of situations from buying at auction to chain-break.
Hope Capital has ring fenced funds for this offer, which will last for as long as this tranche of funding does.