Hope Capital launches two bridging products | Mortgage Strategy

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Specialist lender Hope Capital has launched two new bridging products, aimed at mixed-use properties.

The Liverpool-based firm has packaged its Hope 80 and Hope 84 loans, calling them the Eighties Collection.

Its Hope 80 offers a rate of 0.80 per cent per month on loans up to £800,000 and has a maximum 60 per cent loan to value. The Hope 84 comes with a rate of 0.84 per cent for loans up to £650,000, with a higher LTV of 65 per cent.

The firm says these loans are suitable for semi-commercial properties and require a full valuation to determine the present value of the property against which the loan will be secured.

Hope Capital sales director Sinead Moynihan says: “At Hope Capital, we have a significant range of knowledge and experience handling cases for semi-commercial property, which is paramount for brokers and their clients, who are looking to find a deal and service which can meet their needs.”

The Eighties Collection will be available throughout England and Wales for a maximum loan period of 12 months to individuals and companies. These products have various repayment options on both products, retained, serviced or part retained and part service depending on the needs of the borrower.


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