Designed to meet demand from brokers and borrowers, both products have exceptional features.

 

The HOPE 70 product offers a fantastic low rate of 0.70% pm and up to 70% LTV on non-regulated residential property with a loan up to £770,000.

 

The HOPE 75 bridging loan has an LTV of 75% with a 0.75% per month rate and a maximum loan of £575,000 on residential properties.

 

With ring-fenced funds, this is a 7-week offer, which will be available for new enquiries that complete by the 23rd October. Funds will be allocated on a first-come, first-served basis.

 

Designed for residential properties, the minimum amount loan on 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.

"We have seen a recent surge in demand for good value bridging loans for residential property.

We anticipate the Seventies Collection will meet this market demand, and be particularly useful for securing immediate funding whilst mainstream lenders are unable to meet the needs of borrowers in the time frames they require to seize the opportunities.”

Gary Bailey, managing director of Hope Capital

The Seventies Collection can be used alongside elements of the recently launched Custom Collection which comprises six different products, features and options. By picking the options and features that best suit the client’s circumstances and needs, brokers are able to offer their clients a loan that is truly customised. Full details on the Custom Collection can be found here.

 

It is available throughout England and Wales on a first-charge basis, for loan periods from three to 12 months. The loan is available to individuals, companies and other legal entities.

 

As with all Hope Capital loans it is only available for non-regulated purchases, so it can be used for a property that will be refurbished or let out, but not for family members to live in.

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