"Their team understands our approach and the pace of bridging finance, which provides a strong foundation for delivering a coordinated legal process."
- Laura Carr - Hope Capital Property Finance
Hope Capital Property Finance has announced that its existing relationship with legal panel firm Gunnercooke Scotland will now also offer dual legal representation for property transactions in Scotland.
This follows the expansion announced earlier this year, when Aberdein Considine and Carters joined the lender’s Scottish dual representation panel.
Under the arrangement, one solicitor firm acts for both the lender and borrower. This aims to reduce duplication in the legal process, helping borrowers avoid some of the time and costs associated with instructing separate firms.
The offering is available through Hope Capital Property Finance’s recently launched Max GDV residential bridging proposition, with dual legal representation available on loans of up to £1 million.
Max GDV is designed to help borrowers maximise their day-one funding, offering up to 70% LTGDV at a monthly rate of 0.87%.
Hope Capital Property Finance has lent in Scotland since 2018.
Laura Carr, director of underwriting, compliance and stakeholder relations at Hope Capital Property Finance, said: "We’ve built a strong working relationship with Gunnercooke Scotland during their time on our legal panel, so extending that relationship to include dual legal representation is a natural next step.
"Their team understands our approach and the pace of bridging finance, which provides a strong foundation for delivering a coordinated legal process. We’re pleased to build on that relationship while giving brokers and borrowers more choice when placing cases in Scotland."
Bryan Finlayson, partner at Gunnercooke, said: "Having worked closely with Hope Capital Property Finance as a member of its Scottish legal panel, we’re delighted to build on that relationship by extending our offering to include dual legal representation.
"We’ve developed a strong understanding of how our teams work together and share a commitment to helping transactions progress efficiently. This is an opportunity to strengthen that collaboration and support more brokers and borrowers with their Scottish property transactions."
