The Hope 90 product offers a fantastic rate of 0.90% per month and up to 55% LTV on non-regulated commercial property with a loan up to £900,000.
The Hope 94 bridging loan has a newly reduced rate of 0.94% per month and up to 60% LTV on non-regulated commercial property with a loan up to £600,000.
Designed for commercial properties, the minimum loan amount for both products is £150,000.
Borrowers can use the 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.