Hope Capital launches bridge product

It will be available on properties with a value of up to £1m. 

As part of the offer, Hope Capital has also announced it will lend based on an open market valuation (OMV) across residential, commercial and mixed-use property types. 

Roz Cawood (pictured), director of sales at Hope Capital, said: “As we once again face an uncertain period within the economy, we wanted to provide some additional festive support and a brand-new opportunity as we enter the new year. 

“The offering reflects everything we stand for at Hope Capital: delivering innovative, flexible, tailored solutions quickly and efficiently, which cater for the requirements of different borrowers, their individual circumstances and their level of borrowing. 

“The decision to now accept OMVs was made to increase our competitiveness as we head into 2022. This will also support borrowers who are looking to achieve their investment and business goals going forward.” 

In addition, Hope Capital will accept automated valuation model (AVM) up to £750,000 and desktop valuations on residential property up to £1m. 

Cawood added: “This new offer is suitable for all property types and is a highly competitive bridging loan facility. As we understand speed is of the essence, we will also lend based on AVMs and desktop valuations, making borrowing significantly faster and more accessible for customers.”