Specialist short-term lender Hope Capital has undergone a product refresh aimed at making it easier for brokers to access its services amid ongoing volatility in the property market.
The lender has consolidated its previously diverse offering into a simplified set of options suitable for residential, semi-commercial, commercial, and land deals.
These products can be used for various purposes, including property purchase, refinance, debt consolidation, and cash flow coverage.
The new range sees residential bridging loans starting at 0.89% and going up to 75% loan-to-value (LTV).
Semi-commercial loans offer rates from 0.99% with up to 70% LTV, commercial loans start at 1.09% with up to 65% LTV, and land with planning loans offer rates from 1.45% with up to 60% LTV.
Jonathan Sealey (pictured), CEO at Hope Capital, said: “It’s never been so clear that brokers want access to products which are transparent and of course, affordable.
“There’s no denying there is a lot of volatility in the market at present, but our approach is to take a step back and look at what can be done to ensure our brokers and clients can keep borrowing with confidence.
“By repositioning our product range, and keeping our rates highly competitive, we feel confident this will be a welcome enhancement in the market.”
Despite the uncertainty in the market, which has led to the removal of products from other lenders, Hope Capital has reported strong performance. The lender announced that the first half of 2023 has been its most successful period to date, with a significant increase in enquiries and completed loans.
Sealey added, “As we head into the closing months of the year, we’re fully committed to achieving more results and supporting brokers who are looking for affordable and reliable bridging finance solutions. With that in mind, we’re working on adding even further value to our offering with an extremely competitive enhancement, which we look forward to sharing with the market very soon.”
