Hope Capital has reduced rates on all cases over £1 million.
The specialist short-term lender’s announcement means all borrowers who take a loan out over £1m with Hope Capital, can make savings on their borrowing. For example, if a borrower is looking for a £1.2m loan for any purpose, they will save a minimum of £360pcm. This offer is being applied across the entire Hope Capital product range.
In April, Hope Capital announced it now offers 80% LTV on medium & heavy refurbishment projects and is now once again reacting to brokers who are seeking a more competitive proposition on larger value deals and looking to receive maximum funding on their Day 1 borrowing.
Its bridging range provides up to 80% LTV and caters for loans between £50,000 and £5m across England, Wales and Scotland. The lender can provide solutions across residential, semi-commercial, commercial and land deals (with or without planning permission), for a term up to 24 months.
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, will propel our proposition even further.
“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.”