Accepted Valuation Range
Hope Capital is now able to lend based upon AVMs, Drive Bys and Desktop valuations. Having previously required a full valuation, in many circumstances one of these new valuation options will enable an application to progress.
These valuation types have a far lower associated cost than a full valuation, which can help in meeting the customer’s needs and make a loan more affordable and suitable, they are also particularly beneficial in circumstances where speed is of utmost priority.
Both AVMs and Desktop valuations are able to be completed in a matter of hours and provide enough accuracy to be able to progress a loan application to completion and drawdown.
Hope Capital are able to lend to a maximum valuation of £1m on a Drive By with Desktop valuation, up to £750,000 valuation on solely a Desktop, and for AVMs can lend up to a maximum valuation of £650,000. These maximum valuation limits are for residential properties, not including HMOs or multi-units.
“It’s fantastic that we’re now able to accept a broader range of valuation types. Often a full valuation can take more time than we may have and right now our focus is on providing flexibility and affordability.”
Gary Bailey, MD
These new options for valuations are part of the new Hope Capital Custom Collection which comprises six different products, features and options, all of which are designed to give the most suitable solution for the borrower.
Full details on the Custom Collection can be found on the Hope Capital website.
Hope Capital will lend both to individuals and companies on a first charge basis.
What you can be sure of is that our specialist team will be quick, with terms aimed to be offered within 1 hour, while our fees, charges and underwriting will be completely transparent.
To find out more please contact us on 0345 494 0708 and our team of experts will aim to get back to you within the hour to discuss it.
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