Hope Capital has rebranded and moved to a new office as part of its growth plans.
The bridging lender says it is on target to double its lending volumes this year compared to 2017. It has already increased its staff numbers by a third this year and is continuing to recruit both BDMs and underwriters.
Hope Capital has also revamped its proposition, lowering interest rates, raising LTVs on certain products and is in the process of launching a raft of new loans, the most recent of which is its ‘Fixed Fee Loan’ which launched last week. It allows bridging borrowers to pay a set fee for their loan rather than the usual interest payments, enabling them to borrow more.
To accommodate the growth in staff numbers and allow for further planned expansion, Hope Capital has taken on new offices, four times the size of its previous office.
Jonathan Sealey, CEO of Hope Capital, said: “Hope Capital has more than doubled in size in the past year and has even more ambitious plans for the next few years. The company is seven years old now and here to stay. We are well funded and have grown significantly but sensibly.
“We’ve establishing a firm footing in the bridging market through flexible and sensible underwriting and always keeping our promises.
“The rebrand and our office move marks the beginning of the next stage of our journey of growth as we aim to continue doubling in size over the years to come.”