Hope Capital has introduced a new bridging product including a combination of components from deals in its existing range.

The Hope Combi Loan is targeted at borrowers who want to optimise the loan amount available and service their loan, but who need a payment holiday for a period during the term of the loan.

Launched today, the new product also allows borrowers to access a discounted rate for the first six months.

The bridging specialist says a borrower who needs funds for light refurbishment and knows it will take some time for the property to become income-generating, could benefit from discounted payments and then a payment holiday.

This would help the borrower maximise cash flow with the ability to effectively manage the payments on the loan.

The borrower has the choice of when to take the payment holiday at any time during the loan.

Rates for the Combi loan start at 0.54 per cent per month, rising to 1.24 per cent after the first six months.

The Combi Loan is part of the new Hope Capital Custom Collection, made up of six different products, features and options.

Hope Capital managing director Gary Bailey says: “Our Combi Loan is a unique offering that really does deliver on flexibility and has affordability at its heart. As part of the Custom Collection, it is yet another option for brokers to meet a client’s specific needs.

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