Bridging lender sees near-200% rise in completions

Published on

Hope Capital has reported a 196% increase in deals reaching completion in the six months leading up to March 2021 compared to the same period last year.

The lender has also seen a significant increase in enquiries which it says it is party down to growth in the number of new broker relationships which have been forged.

Gary Bailey (pictured), managing director of Hope Capital, said: “This is an extremely exciting time for Hope Capital as we continue to triumph. The surge in enquiries from brokers and borrowers, is purely down to us being resilient, the hard work and commitment of the Hope Capital team, identifying what the new market trends are and then creating products which can provide a variety of options for brokers and borrowers in all areas.

“Designing and launching products which give borrowers maximum flexibility and control is at the heart of what we do and we are delighted they have been so well received by the market. As we expand our offering to brokers and their clients who have property in Scotland, we have lots of other exciting projects in the pipeline, so watch this space.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Cambridge relaunches interest-only fixed rate mortgages

The Cambridge has relaunched a selection of fixed rate mortgage products, including interest-only options...

Vernon BS adds free legals to selected remortgage deals

Vernon Building Society has partnered with Optimus to introduce a free legals service on...

Paragon launches tailored buy-to-let service for complex cases

Paragon Bank has launched a Tailored service to support buy-to-let mortgage applications that fall...

Castle Trust Bank adds AVMs to buy-to-let applications

Castle Trust Bank has introduced automated valuation models on eligible buy-to-let cases as part...

HSBC UK cuts mortgage rates by up to 11bps

HSBC UK has reduced rates across its mortgage range, with cuts of up to...

Latest publication

Other news

The Cambridge relaunches interest-only fixed rate mortgages

The Cambridge has relaunched a selection of fixed rate mortgage products, including interest-only options...

Vernon BS adds free legals to selected remortgage deals

Vernon Building Society has partnered with Optimus to introduce a free legals service on...

Paragon launches tailored buy-to-let service for complex cases

Paragon Bank has launched a Tailored service to support buy-to-let mortgage applications that fall...