Residential

Discover how our residential bridging loans can help your client unlock the capital needed right now to secure an investment property.

MAX LTV*

75%

MAX GDV

70%

RATES FROM

0.85%

LOAN SIZE

£100k-£5m

LOAN TERM

3-18 months

These loans are typically quick to access and can be used for a whole multitude of reasons. Whether purchasing a buy-to-let property, assisting with an auction purchase, undertaking light to heavy refurbishment, or raising capital for business purposes, we can help.

Purpose

Key features

All the perks of Hope Capital:

Enquiries responded to 
within 1 hour 
 
AIP issued within
2 hours

Initial due diligence commenced immediately upon receipt of the application
Welcome call with borrower and formal terms issued 
within 48 hours

Eligibility

Let's start a conversation

Just pick up the phone to speak with our team at Hope Capital. 0151 523 5998

charlie-gregory-dark

Charlie Gregory

Senior BDM London & South
07881 402 894
dave-weir-dark

David Weir

BDM North & Scotland
07810 235 763
sam lea dark

Sam Lea

BDM Central, North & Scotland
07774 809 330

Book online

Book a meeting with one of team via our broker calendar online.

Email us

Send an email to us and we'll reply as soon 
as possible. 

Send us a message

Contact us on any social media page.

Any Questions?

Tips & Hints

How We Work

There are many examples when a bridging loan can be used for residential purposes. From purchasing a property for investment reasons, fixing a broken property chain after a sale falls through, buying a property at auction when funds are needed instantly, to completing a renovation project, the list is endless.

Yes. This is one of the most common reasons we provide our bridging loans, with an increasing number of investors looking at refurbishment and development opportunities, to either improve the property, increase yield or for capital gain. Our Residential product can be used for a wide range of requirements, from light internal redecoration, through to large extensive projects. Our loans are ideal for those who do not have the additional funds needed, however are looking to improve their property and therefore add value.

At Hope Capital, we provide a range of valuation models to help borrowers move swiftly through the transaction process. From AVMs which are carried out instantly, desktop valuations which are delivered within 48 hours and full valuations which are key for those more complex cases, we have a solution no matter the scenario. 

Here at Hope Capital, we are completely transparent about our rates and fees, meaning all fees will be addressed from the get-go so all parties involved are on the same page. The costs involved will depend on the project, however, here are the fees which borrowers will need to consider:

  • Monthly interest
  • Broker/arrangement fee
  • Legal costs
  • Valuation
  • Solicitor fees
  • Early exit fees (if applicable)

There are various differences between a bridging loan and a mortgage, with the most suitable options depending on the borrower and the scenario. Both options have different criteria and their advantages and disadvantages.

 

Bridging finance is an advantageous and efficient way to secure funds when a mortgage or a personal loan is not viable, e.g. if the property is derelict and a mortgage provider, therefore, does not feel comfortable providing a loan. Bridging finance can also be arranged much more quickly, often in a number of days rather than weeks. On the other hand, a mortgage is a more suitable option for someone who is looking to borrow money over a longer period, with lower interest rates.

 

Regardless of whether your client decides to opt for a bridging loan or a mortgage, it is paramount that they do lots of research to compare which is the most suitable option.

The perception that bridging finance is an extremely expensive option could not be further from the truth. The reality is that while rates have aligned to changes in the wider market, they have fallen dramatically over the past few years, so are now considerably lower than they used to be.

To kickstart the application, we will always look at the borrower to assess credibility. Our team will need to see proof of identity, the borrower’s address, as well as other documentation. Don’t worry, we’ll walk through this process with you when you make an enquiry.

Of course, we will be keen to know more about the property, and while this is not always a deciding factor in terms of whether we can provide a loan or not, sometimes we will ask to see the borrower’s property portfolio to see if they have experience in this area. However, this will all depend on the purpose of the property, i.e. if it is commercial, land etc.

We will need to understand what our borrower is using the loan for as different circumstances require different levels of documentation and approaches. For example, using a bridging loan for an auction purchase will require a different process than investing in a property for business purposes.

This is a key one. To ensure we are comfortable providing the loan required, we will need to know how the borrower will plan on repaying the loan after their term is completed – this is also known as an exit strategy. Examples of common exit strategies include moving on to a buy-to-let mortgage, paying the loan off from the sale of the property etc.

Great to hear you are interested in working with Hope Capital! To make an initial enquiry, contact our sales team via a method of your choice. Once we have received your enquiry, we will be on hand to help guide you through the process.

As soon as we have received your enquiry and had an initial discussion about the deal, we will issue you with an AIP.

Time to submit the application form. Our team are on hand if you need any assistance with this.

Once you have submitted the completed application form, you can be safe in the knowledge that your case is in our pipeline, and a member of our dedicated underwriting team will be in touch to introduce themselves.

We will then commence our initial due diligence and issue formal terms. Our step-by-step guide will outline the process and introduce our key partners such as valuers and solicitors to ensure that all parties are kept in the loop throughout, to achieve a speedy completion.

Before we pass your deal over to our portfolio management team, we will finalise any legal elements involved in the loan, ensuring the borrower is informed of the progress, so funds are turned around as quickly as possible. Any proc fees will also be swiftly paid as soon as funds have been released.

Upon completion of the loan, a dedicated case manager will contact the borrower to introduce themselves, while providing their direct contact details and explaining the process through to redemption

Throughout the term, the borrower’s dedicated case manager will be available to assist with any questions and provide everything needed for the smooth running of the loan, including the release of refurbishment funds if required.

Once the loan is ready to be repaid, the case manager will provide redemption statements and will liaise with all parties to assist with the timely redemption of the loan.

Discover our other products:

 X 0.5% exit fee applies to heavy refurbishment  

* MAX LTV available for homeowners and large portfolio