Hope Capital has introduced a residential fast-track bridging loan, designed to help homebuyers secure funding quickly as they race to beat the impending stamp duty changes on 1 April.
With time-sensitive transactions becoming a priority for many, the lender has bolstered its underwriting capabilities to streamline approvals and facilitate swift deal completion.
To support this initiative, Hope Capital has formed a dedicated fast-track underwriting team, following the appointments of Emily Bell and Sasha Ehlke-West and the promotion of Stacey Bradwell as underwriters.
The team will focus on expediting loan applications for borrowers looking to avoid increased stamp duty costs.
The new service is complemented by Hope Capital’s latest rate reduction.
Key features of the offering include:
- Loan to value (LTV) up to 75% at 0.92% per month
- Loans available up to £500,000
- Applicable for residential purchases and capital raises
- Full title insurance
- No upfront legal undertaking
- Dual representation available
- Instant valuations at no cost to the borrower (subject to qualification)
- No exit fees
- First charge loans only
- Electronic KYC & AML verification
- Flexible payment options
- Designed specifically for cosmetic light refurbishment (non-structural work only)
Kim Parker, head of sales at Hope Capital, said: “We’ve been operating in the bridging market for over 13 years now and therefore are no rookie when it comes to not just providing speed, but also being a reliable lender who gets the deal across the line.
“Initiating a designated fast-track team within the business, as well as having access to several key features including dual representation and instant valuations, will be instrumental for loans which need to be turned around extremely quickly.”
Laura Carr (maim picture), head of underwriting at Hope Capital, added: “This new service will ensure we can move quicker than ever to continue to provide the speed required.
“That said, it is paramount our borrowers understand this is a two-way street process, which is why it is vital our clients have all the information needed readily available so we can deliver what is required within their desired timeframe.
“We’re really looking forward to getting the ball rolling and supporting our clients with this much-needed solution ahead of the stamp duty deadline.”
