“With so much uncertainty in the current economic climate, we want our broker’s clients to borrow with confidence.”

This includes the introduction of the Hope Guarantee, which involves the borrower’s rates being fixed for the term of their loan, as soon as Hope Capital’s lawyers have been notified, provided there are no changes important in demand or lending, regardless of increases in the Bank of England basis. rates that are expected in the coming weeks/months.

In addition, the products offered by the specialized short-term lender have undergone a major improvement, with reduced rates of up to 29% on residential transactions and up to 21% on renovation cases.

As part of the changes, residential rates now start from 0.55% up to 80% LTV. Semi-commercial rates start from 0.70% up to 70% LTV and commercial rates start at 0.75% up to 65% LTV.

Roz Cawood, Director of Sales at Hope Capital, said: “Providing borrowers with the ability to lock in their rates, as well as taking advantage of highly competitive products in the marketplace, will be instrumental in helping brokers and their clients move forward.”

“With so much uncertainty in the current economic climate, we want our broker’s clients to borrow with confidence. It is exactly what borrowers need at a time when the cost of living is reduced.

Jonathan Sealey, CEO of Hope Capital, added: “We recognize that there is no one size fits all in the bridge financing market, which is why we have launched a host of competitive, flexible and innovative options to meet the needs of all borrowers.

“We see it becoming increasingly difficult for bridge lenders to offer a fixed rate option like the Hope Guarantee in the specialty lending space. This offers borrowers the opportunity to secure now at a great rate and protect against future rate increases.