Hope Capital has launched a residential bridging loan product, particularly designed to offer debtors enhanced liquidity from day one.
The product gives 75% Net at simply 0.95%, with works ahead funded all through the loan time period. This provides debtors the cashflow to progress their refurbishment initiatives via to completion.
Product particulars embrace: residential bridging loans out there for buy, refinance & capital elevate with works; 75% Net at 0.95% on mild, medium and heavy works; 70% gross growth worth (GDV); loans from £100k – £5m. Up to 100% construct prices coated and refurbishment funds launched on the identical day the monitoring agent’s report is obtained, whether or not performed remotely or in particular person.
Full title insurance coverage, no upfront authorized endeavor out there as much as £1m; no exit charges, versatile cost choices and 3-18-month time period.
Commenting on the launch Hope Capital head of gross sales Kim Parker mentioned: ” Our new 75% Net product is constructed for purchasers who want most upfront liquidity, and the reassurance that they’ll entry it at once. For debtors embarking on refurbishment initiatives, having funds out there from day one is essential, not only for the acquisition, however to get works underway instantly. That’s precisely what this product delivers, and we’re excited to deliver it to market.”
