Hope Capital has announced a series of improvements to its residential refurbishment offering including up to 80% loan-to-value mortgages for medium and heavy refurbishment projects.

The specialist short-term lender says it has ‘rejuvenated’ the range available to brokers and borrowers, which includes the ability to get up to 15% more funding on day one.

Highlights of the latest announcement include:

• 80% LTV on a rolled interest basis
• Up to 70% loan-to-gross development value (LTGDV)
• Fixed rates from 0.99%
• Up to 12-month term
• Residential properties
• Medium and heavy refurbishment projects

Hope Capital director of sales Roz Cawood comments: “Being able to receive up to 15% more on day one is an extremely appealing proposition and an option which is very rare to find in the market, which is why we feel very confident this will be significant in supporting our brokers and their clients.

“We’ve been in the game for over a decade now and the demand for refurbishment bridging loans remains very strong, with investors increasingly looking at refurbishment and development opportunities to either improve the property, increase yield, or for capital gain.”