Loan terms can be from three to 12 months, so if the borrower has selected a 12-month term, they could choose to retain six months’ interest, and make six months’ payments spread over the whole 12 months.
Alternatively, they could opt to retain five months’ interest and make seven monthly payments, again spread over the whole 12 months; or retain seven month’s interest and make five months’ payments spread over the term – ultimately any combination can be selected, to benefit the borrower, creating the ultimate in flexible borrowing.
The Hope FleXi is part of the 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.
Jonathan Sealey, chief executive officer of Hope Capital, commented, “The introduction of our Hope FleXi bridging loan is all about offering the flexibility to meet the needs of the borrower.
“We understand that individual circumstances – the borrower’s own financial position and the nature of the property they are investing in – will vary greatly from case to case.
“At Hope Capital, we make it our job to take all these different situations into account and do our utmost to lend in any scenario where the loan achieves the borrower’s aspirations, is affordable and enables a viable exit strategy.
“As with all our bridging loans, our team provide service excellence at every stage from initial enquiry through to completion.”