The new Hope 70 product offers a fantastic low rate of 0.70% per month and up to 60% LTV on non-regulated residential property with a loan up to £1m.
The Hope 725 gives borrowers the option of an LTV of 72.5% at a rate of 0.725% and the Hope 74 bridging loan offers rates from 0.74% per month and up to 75% LTV on non-regulated residential property with a loan up to £1m.
Designed for residential properties, the minimum loan amount for both products is now reduced to £100,000.
Borrowers can use the loans for property purchases in a range of situations from a straightforward purchase, buying at auction and raising capital for almost any business purpose. Additionally, the loan can be used to refinance existing debt and give the borrower time to put in place a longer term finance solution.