Hope Capital announces 7bps reduction in residential fast-track bridging loan rates
Specialist short-term lender, Hope Capital, has cut its residential fast-track bridging offering, now providing 75% LTV at 0.85%.
The reduction applies to residential deals, including straight forward purchases, light refurbishment types, auction deals and so forth.
After implementing a series of enhancements to its product range earlier this year, including a streamlined pricing structure and the launch of a dedicated resi fast-track team, Hope Capital has entered its strongest period to date, significantly accelerating decision-making and completing deals with greater efficiency than ever before.
In line with the rate reduction, Hope Capital has raised its dual representation offering to £750,000, up from £500,000, enabling more borrowers to benefit from reduced costs and quicker turnarounds.
Full product details include:
- 75% LTV at 0.85%
- Loans up to £750,000
- Residential fast-track bridging loans available for purchase and capital raise
- Designed specifically for cosmetic light refurbishment, works must be non-structural
- Dual representation available up to £750,000
- Fast-track application process
- 3-12 month term
- Flexible payment options
- Full title insurance
- No upfront legal undertaking
- Potential to qualify for an instant valuation at no cost to the borrower
- No exit fees
- 1st charge loans only
- Designated fast-track underwriting team
- Electronic KYC & AML verification
Kim Parker, Head of Sales at Hope Capital, commented: “Our focus remains on delivering clarity, speed, and flexibility to our broker partners and their clients. By offering a reduced, flat rate of 0.85% for our residential fast-track offering, we’re reinforcing our commitment to providing market-leading solutions tailored to a wide variety of borrower needs.”
Earlier this year, Hope Capital reported a series of record-breaking achievements, including a 15.6% increase in its loan book within just two months, along with the celebration of its most successful month in business to date.
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