The lender has widened access to several key features, including increasing lending on below-market-value transactions to up to 75% of open market value (OMV), subject to a full valuation.
Hope Capital Property Finance has also doubled its instant valuation threshold from £500,000 to £1m on qualifying residential cases, which it said will help accelerate completion times.
Dual legal representation has been expanded, with the threshold increasing from £750,000 to £1m. The option is now also available in Scotland.
Hope Capital Property Finance has also reduced its minimum loan size from £100,000 to £50,000 in a move designed to open the proposition to a wider range of borrowers.
The enhanced proposition is available on loans from £50,000 to £5m across England, Wales and Scotland, with terms ranging from three to 18 months.
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Alongside the criteria changes, Hope Capital Property Finance has lowered pricing across parts of its range. Residential products, including light, medium and heavy refurbishment cases, have been reduced from 0.85% to 0.82% at 75% loan to value (LTV).
Max net residential pricing has fallen from 0.89% to 0.87% at 75% LTV, while max net semi-commercial rates have been cut from 0.99% to 0.89% at 70% LTV. Max net commercial pricing has also been reduced from 0.99% to 0.92% at 70% LTV.
Kim Parker (pictured), director of lending operations and commercial strategy at Hope Capital Property Finance, said: “These enhancements represent a further step in our exciting journey as we continue to evolve our proposition and deliver greater value, flexibility and certainty for brokers and borrowers.
“By combining competitive rates with improved criteria and a range of key features, we are making it easier for borrowers to access the funding they need and complete their projects with confidence.
“Our proposition continues to provide practical solutions for the specialist property market, including up to 100% of build costs covered, full title insurance, no upfront legal undertaking, dual representation available up to £1m and no exit fees. These latest enhancements demonstrate our ongoing commitment to listening to brokers, removing barriers and creating a proposition that supports more successful outcomes.”
