Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.
Hope Capital has recently launched a new bridging loan called ‘Hope Seven 5’. The new product is available on a first charge basis up to 75% loan-to-value (LTV) for residential properties up to £750,000. Borrowers can only use this bridging loan for non-regulated sales, for example to buy residential properties as an investment. This new bridging loan can only be used for properties in England and Wales at a rate of 0.75% for no longer than a 12-month term.
The new offer will only be available for as long as the tranche of funds set aside for this product lasts.
Gary Bailey, managing director said: “We have seen a growing demand for good value bridging loans for residential property, so we have launched this new bridging loan to meet this demand. We predict that it will be particularly useful for breaking a chain when buying a property as this is one of the biggest reasons for purchases falling through.”
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfacts.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
United Trust Bank (UTB) has introduced a range of enhancements to its bridging products that are designed to reduce costs for borrowers and increase the speed and simplicity of the applications
United Trust Bank (UTB) has introduced a range of enhancements to its bridging products that are designed to reduce costs for borrowers and increase the speed and simplicity of the applications
More than one-third of small and medium-sized enterprises (SMEs) are having difficulties with cash flow due to late payments, research from BACS Payment Schemes Limited reveals
One-third of SMEs are having difficulties with cash flow due to rate payments
American Express has teamed up with British Airways to launch a new business credit card that is available from today
American Express has teamed up with British Airways to launch a new business credit card that is available from today
United Trust Bank (UTB) has introduced a range of enhancements to its bridging products that are designed to reduce costs for borrowers and increase the speed and simplicity of the applications
United Trust Bank (UTB) has introduced a range of enhancements to its bridging products that are designed to reduce costs for borrowers and increase the speed and simplicity of the applications
More than one-third of small and medium-sized enterprises (SMEs) are having difficulties with cash flow due to late payments, research from BACS Payment Schemes Limited reveals
One-third of SMEs are having difficulties with cash flow due to rate payments
American Express has teamed up with British Airways to launch a new business credit card that is available from today
American Express has teamed up with British Airways to launch a new business credit card that is available from today
Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.
I accept. Read our Cookie Policy