Hope Capital has launched an offer to mark the holiday season, including loans to value (LTVs) of up to 75% and loans of up to £ 750,000, on properties worth up to £ 1million. pound sterling.
The lender’s LOANS Fast Track Bridge offering aims to support brokers and borrowers considering opportunities in 2022.
The latest offer from the specialized short-term lender is available from December 16 until the new year.
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As part of the offer, Hope Capital will now lend on an OMV basis, on residential, commercial and mixed-use property types.
In addition, it will now accept Automated Appraisal Models (AVMs) up to £ 750,000 and desktop appraisals on residential properties up to £ 1million.
Roz Cawood, Director of Sales at Hope Capital, said: “As we again face a period of uncertainty in the economy, we wanted to provide additional festive support and a whole new opportunity at dawn. of the new year.
“The LOANS Fast Track Bridge offer reflects everything we stand for at Hope Capital: to provide innovative, flexible and personalized solutions quickly and efficiently, which meet the needs of different borrowers, their individual situation and their level of borrowing.
“The decision to accept MOVs now was taken to increase our competitiveness as we approach 2022.
“It will also support borrowers looking to achieve their investment and business goals in the future.”
Cawood added, “This new offering is suitable for all types of properties and is a very competitive bridging credit facility.
“As we understand that speed is everything, we will also be lending based on AVMs and desktop appraisals, which will make borrowing much faster and more accessible for clients. “