Hope Capital has launched a residential bridging loan product, particularly designed to offer debtors enhanced liquidity from day one.
The product affords 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 by to completion.
Product particulars embody: residential bridging loans obtainable 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 acquired, whether or not performed remotely or in individual.
Full title insurance coverage, no upfront authorized endeavor obtainable as much as £1m; no exit charges, versatile fee choices and 3-18-month time period.
Commenting on the launch Hope Capital head of gross sales Kim Parker stated: ” Our new 75% Net product is constructed for purchasers who want most upfront liquidity, and the reassurance that they will entry it directly. For debtors embarking on refurbishment initiatives, having funds obtainable 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 convey it to market.”
