Hope Capital has unveiled a new residential bridging loan product, specifically designed to give borrowers enhanced liquidity from day one, providing the funds needed to purchase a property and begin works immediately, without delay.

The product offers 75% Net at just 0.95%, with works forward funded throughout the loan term. This gives borrowers the confidence and cashflow to move quickly and progress their refurbishment projects through to completion.

Full product details include:

• Residential bridging loans​ available for purchase, refinance & capital raise ​with works
• 75% Net at 0.95% on light, medium and heavy works
• 70% GDV
• ​Loan from £100k – £5m
• Up to 100% build costs covered
• Works will be forwarded funded throughout the loan term
• Refurbishment funds are released on the same day the monitoring agent’s report is received, whether conducted remotely or in person
• Potential to qualify for an instant valuation at no cost to the borrower​ for light works
• Desktop valuations within 48 hours for light works
• Full title insurance​
• No upfront legal undertaking available up to £1m
• Dual representation available up to £750k ​
• No exit fees ​
• Flexible payment options​
• 3-18 month term​
• Up to 100% purchase price is available with additional security as a 1st or 2nd charge
• Electronic KYC & AML verification 

Kim Parker, Head of Sales at Hope Capital, said: “In today’s market, speed and certainty are more important than ever. Our new 75% Net product is built for clients who need maximum upfront liquidity, and the assurance that they can access it without delay. For borrowers embarking on refurbishment projects, having funds available from day one is crucial, not just for the purchase, but to get works underway immediately. That’s exactly what this product delivers, and we’re excited to bring it to market.”

The launch follows Hope Capital’s recent restructure of its portfolio management team, enabling the lender to provide even faster drawdowns, with refurbishment funds released within just 24 hours, improving cashflow and client experience across the board.

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To find out more about Hope Capital and its extensive product range call 0151 523 5998 or email: newdeals@hope-capital.co.uk