The Hope 725 product offers a fantastic low rate of 0.725% per month and up to 72.5% LTV on non-regulated residential property with a loan up to £725,000.
The Hope 74 bridging loan has a newly reduced rate of 0.74% per month and up to 75% LTV on non-regulated residential property with a loan up to £575,000.
Designed for residential 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.