Specialist short-term lender Hope Capital has announced a rate cut on all deals over £1m, offering brokers and borrowers significant savings on large loans.
The offer will be applied across the entire Hope Capital product range, allowing borrowers taking out loans over £1m to make substantial savings on their borrowing.
In recent months, Hope Capital has been making various improvements to its product line to support brokers and borrowers in the current economic climate.
The lender now offers 80% LTV on medium and heavy refurbishment projects and aims to provide maximum funding on Day 1 borrowing for brokers seeking a more competitive proposition on larger value deals.
Roz Cawood (pictured), director of Sales at Hope Capital, said: “The reason we are able to make this significant reduction in price is owing to the level of business we are receiving. We feel very positive that by reducing rates on large loans, we will propel our proposition even further.”
Hope Capital’s latest enhancement complements the lender’s fixed-rate scheme, the Hope Guarantee. Borrowers’ rates are fixed for the term of their loan, providing no material changes to the application or loan.
Cawood added: “With the impending rate rise on the horizon, having a fixed option like this will be vital in ensuring borrowers can capitalise on investment opportunities. At Hope Capital, our combination of competitive rates, flexibility from the get-go, and fantastic service ensures we can carve out success in this area as we look to continue to increase our levels of high-net-worth business.”
Hope Capital’s bridging range offers up to 80% LTV and caters to loans between £50,000 and £5m across England, Wales, and Scotland. The lender can provide solutions for residential, semi-commercial, commercial, and land deals for a term up to 24 months.
