Specialist short-term lender Hope Capital Property Finance has introduced a no-upfront legal undertaking for residential bridging loans in Scotland, in partnership with gunnercooke Scotland.
The change applies to residential loans up to £1m, enabling borrowers to progress applications without paying legal fees in advance.
Hope Capital says the initiative, combined with its existing fast-track features such as instant valuations, desktop valuations and full title insurance, is designed to streamline the bridging process for brokers and borrowers across Scotland.
Laura Carr, head of underwriting at Hope Capital Property Finance, said: “We’ve been proudly operating in Scotland since 2018 and understand what it takes to get deals completed efficiently.
“Funding in Scotland requires a lender with the right expertise, and this new initiative, alongside our partnership with gunnercooke, reinforces our commitment to delivering speed, flexibility, and transparency to brokers and borrowers alike.”
She added: “gunnercooke has been a valued partner on our panel for several years, supporting our work in England and Wales, and it’s wonderful to see our relationship with their team continue to strengthen.
“We’re delighted to introduce this innovative offering with them as we collaborate on even more deals.”
The lender’s residential bridging loans in Scotland are priced at a flat rate of 0.85% at 75% LTV, covering a range of projects from light or medium refurbishments through to more complex structural works.
Bryan Finlayson, commercial real estate partner at gunnercooke Scotland, said: “We’re pleased to be working with Hope Capital Property Finance on this initiative, which marks an important development for both borrowers and brokers in Scotland.
“By removing the need for upfront legal fees, we’re making the bridging process more straightforward, accessible, and efficient from the very beginning.”
He added: “Hope Capital Property Finance’s experience and commitment to the Scottish market align perfectly with our approach, and together we’re focused on delivering a more efficient journey for clients across a range of residential projects.”
