The product offers 75% Net at just 0.95%, with works forward funded throughout the loan term. This gives borrowers the cashflow to progress their refurbishment projects through to completion.

Product details include: residential bridging loans available for purchase, refinance & capital raise with works; 75% Net at 0.95% on light, medium and heavy works;  70% gross development value (GDV); loans from £100k – £5m. Up to 100% build costs covered and refurbishment funds released on the same day the monitoring agent’s report is received, whether conducted remotely or in person.

Full title insurance, no upfront legal undertaking available up to £1m; no exit fees, flexible payment options and 3-18-month term.

Commenting on the launch Hope Capital head of sales Kim Parker said: ” Our new 75% Net product is built for clients who need maximum upfront liquidity, and the assurance that they can access it without delay. For borrowers embarking on refurbishment projects, having funds available from day one is crucial, not just for the purchase, but to get works underway immediately. That’s exactly what this product delivers, and we’re excited to bring it to market.”