Hope Capital has reduced its rate for residential fast-track bridging loans to 0.85% per month up to 75% loan-to-value, in a move the lender says reflects its focus on clarity, speed and flexibility for brokers and borrowers alike.

The rate cut, which marks a 7-basis point reduction, applies to a broad range of residential use cases including straightforward purchases, light refurbishment projects and auction acquisitions.

The company has also raised the ceiling on its dual representation offering from £500,000 to £750,000, allowing more clients to access streamlined legal services and faster completions.

Kim Parker (pictured), head of sales at Hope Capital, said: “Our focus remains on delivering clarity, speed, and flexibility to our broker partners and their clients. By offering a reduced, flat rate of 0.85% for our residential fast-track offering, we’re reinforcing our commitment to providing market-leading solutions tailored to a wide variety of borrower needs.”

The update follows a series of enhancements made to Hope Capital’s product range earlier this year. These included a simplified pricing structure, the creation of a specialist resi fast-track team, and operational changes that have improved both turnaround times and underwriting consistency.

According to the lender, the changes have already translated into a record-breaking start to the year. Hope Capital reported a 15.6% uplift in its loan book within just two months, alongside the most successful month in its trading history.

The fast-track residential bridging loans are available for purchase and capital raising, with terms between 3 and 12 months. Only non-structural works are permitted under the light refurbishment criteria, and the offer includes features such as electronic KYC and AML verification, full title insurance, no exit fees, and flexible payment options.