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.