The Hope 80 product offers a highly competitive rate of 0.80% per month and up to 60% LTV on non-regulated mixed-use property with a loan up to £800,000.
The Hope 84 bridging loan for mixed-use property has a rate of 0.84% per month and up to 65% LTV on non-regulated residential property with a loan up to £575,000.
Designed for mixed-use properties, the minimum loan amount for both products is £150,000.
Borrowers can use the Eighties Collection bridging loans for property purchases in a range of situations from a straightforward purchase, buying at auction, with or without a light refurbishment or to chain-break a mortgage. Additionally, the loan can be used to refinance existing debt and give the borrower time to put in place a longer term finance solution.