Designed specifically for residential property and with affordability in mind, the MINI, MIDI and MAXI loans offer real choice for borrowers, with certain products free of fees.
The MINI Loan starts at just £50,000 and goes up to £149,999. This is the first time Hope Capital has been able to offer brokers and their clients loans from £50,000 and is a significant change to it’s product offering. Hope Capital will now be able to offer more borrowers a suitable lending solution.
The MIDI Loan starts from £150,000 and goes up to £1m, with any loans above £1m falling into the MAXI Loan range. These three product tiers allow the loan to be constructed to meet the clients needs.
The loan LTV’s and rates have also been renewed in line with the new range and start at just 0.54%, sitting within the recently launched Custom Collection.
Rates start at 0.54% and LTVs range from 55% up to 75% across the residential product offering. Loan terms are from 3 – 18 months and are for unregulated transactions and investors looking to acquire residential property, remortgage existing finance or release capital from existing investment property.