Hope Capital has started the year with a reduction of its rates to 0.99% with LTVs of up to 75%, although this LTV may be extended to the right borrower under the right circumstances.
On the back of an excellent year last year where Hope Capital grew by almost 50% it is now in a position to expand its lending still further by offering its best rates ever.
Jonathan Sealey, CEO of Hope Capital says, “We started the new year with a bang with some of the lowest rates we have ever offered. This puts us firmly in the middle of the market. However the key message we want to get across is that we are lowering our rates without lowering our standards. We are still the lender that wants to say ‘yes’ to every deal. We look at every single case on its own merits and try to find a solution even to the most complex cases. These can involve multiple sources of finance or more unusual properties that other lenders don’t lend on.
“For us the exit route is everything. If we believe that the building is going to be worth more, or there is a clear refinance path then we will look to say yes. As always we will be as flexible as possible and stick to our attitude of ‘how can we do this’.
“Lower rates mean we now compete on multiple fronts, not just speed and flexibility.”