Hope Capital has launched a residential fast-track bridging loan to help borrowers meet the approaching Stamp Duty deadline.
This service is aimed at homebuyers in need of quick loans to avoid higher payments with the new Stamp Duty rules beginning 1st April.
Hope Capital has created a fast-track underwriting team, led by Emily Bell, Sasha Ehlke-West, and Stacey Bradwell.
The loan offers a 75% loan-to-value (LTV) at 0.92%, available for residential purchases and capital raises, with loans up to £500,000.
It includes full title insurance, no upfront legal commitment, dual representation, possible instant valuation, no exit fees, first charge loans, electronic verification, and flexible payment options.
The loan is also specifically designed for cosmetic refurbishments that are non-structural.
Laura Carr (pictured), head of underwriting at Hope Capital, said: “This new service will ensure we can move quicker than ever to continue to provide the speed required.
“That said, it is paramount our borrowers understand this is a two-way street process, which is why it is vital our clients have all the information needed readily available so we can deliver what is required within their desired timeframe.
“We’re really looking forward to getting the ball rolling and supporting our clients with this much-needed solution ahead of the stamp duty deadline.”
Kim Parker, head of sales at Hope Capital, said: “We’ve been operating in the bridging market for over 13 years now and therefore are no rookie when it comes to not just providing speed, but also being a reliable lender who gets the deal across the line.
“Initiating a designated fast track team within the business, as well as having access to several key features including dual representation and instant valuations, will be instrumental for loans which need to be turned around extremely quickly.”
