Hope Capital has made enhancements to its offering, and will now consider legal dual representation on all deals across residential, semi-commercial and commercial property.
Previously, the lender offered dual representation on residential auction deals only, but will now consider this on all cases.
Dual representation, which is where a solicitor represents both the lender and the borrower in a loan transaction, enables the borrower to save money. It can also significantly speed up the deal process, with there being no need to relay messages between two solicitors.
Kim Parker, head of sales at Hope Capital, said: “Speed, affordability and a streamlined process is what is expected when opting for a bridging loan.
“This is a key step forward to ensure we can facilitate transactions in an even quicker manner, while also helping our borrowers make significant cost savings.
“Having already utilised dual representation with a number of our solicitor partners, we’re looking forward to supporting even more borrowers with this moving forward.”
Laura Carr, Head of underwriting at Hope Capital, added: “This service improvement further simplifies the legal process for our borrowers, when the circumstances are right.
“We’ve established some fantastic relationships with solicitor firms over the years, who have a lot of experience providing joint legal advice, and we look forward to working alongside them to continue to deliver the outcome our clients are looking for.”
