For example, a borrower purchasing a residential property requiring some refurbishment prior to being rented out, would benefit from low monthly repayments during the period of no rental income. Once the property is tenanted and income coming in, the borrower can afford the increase in monthly repayments.
This new product is part of the Custom Collection which comprises six different products, features and options, all of which are designed to give the most suitable solution for the borrower. By providing brokers with a collection of products, they’re able to offer their clients a loan that is truly customised to meet their needs.
These new bridging loans are available throughout England and Wales for a loan period of up to 18 months.
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.