Hope Capital revamps bridging range

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The Hope 725 comes with a rate of 0.725% per month, and is available up to 72.5% loan-to-value (LTV) on non-regulated residential property, with a maximum loan size of £725,000. Meanwhile the Hope 75 comes with an interest rate of 0.74% per month for residential properties, up to a maximum LTV of 75% and a maximum loan size of £575,000.

The two products are available throughout England and Wales for a term of up to 12 months, for both individual borrowers and limited companies, on a first-charge basis.

The deals are only available for a short period though, for enquiries received before the end of November.

Gary Bailey, managing director of Hope Capital, said that the lender had seen huge demand for its products of late, and anticipated these updated products would be similarly popular.

He added: “They will 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.

“All our new products are designed to provide innovative solutions which offer flexibility and affordability for the borrower.”