Hope Capital expands with combined BDM and underwriter

A new role combining business development manager (BDM) and underwriter responsibilities has been created, which will be filled by Tracey North.

North had previously worked for more than 13 years as a senior relationship manager at NatWest, specialising in organising finance for customers who want to build and expand their investment portfolios.

Hope said that the BDM underwriter role will streamline the process for brokers and speed up turnaround times.

In addition, Hope has appointed consultants Alan and Mel Dring from The MAD Approach to support its expansion strategy.

Alan Dring, director of The MAD Approach said: “We have a track record over many years of helping companies to grow, particularly in the short-term lending and bridging space.

Dring continued: “We will be bringing all that experience to bear, working in collaboration with Jonathan, his team and Hope Capital’s major stakeholders, to help them to develop their proposition and distribution channels and to continue their recent very encouraging growth rate.”

With a bang

Meanwhile, Hope started the New Year by offering its lowest rates so far, reducing its rates to 0.99% with loan-to-values (LTVs) of up to 75%, though the lender said this might be extended for the “right borrower under the right circumstances”.

Jonathan Sealey (pictured), chief executive officer of Hope Capital, said: “We started the new year with a bang with some of the lowest rates we have ever offered and the appointment of key people to help with our expansion plans.”

“We achieved exceptional growth last year and will be moving into expanded office space as a result, now we want to build on this momentum.

“Key to us is to ensure that brokers and their clients get the loans that they want, in ways and the timescales that they need.

“Our latest appointments will undoubtedly help us to provide that exceptional level of service and continue our ambitious growth plans.”

BDM-underwriter Tracey North added: “Hope Capital is an exciting business with a huge amount of potential. I hope to make a significant difference in this strategic role, making things easier both for brokers and their clients.”