"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."
Hope Capital has cut rates on all deals over £1m.
The changes mean that 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.
The latest enhancement follows the lender introducing its fixed rate scheme, the Hope Guarantee, where borrowers' rates are fixed for the term of their loan as soon as Hope Capital’s solicitors have been instructed, providing there are no material changes to the application or loan.
Hope Capital’s 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, sales director 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.”
