"The new rates and products have clearly been very enthusiastically received by brokers so it makes perfect sense for us to make them available for longer. "
Hope Capital is extending the time period that its lowest ever bridging interest rate will be available for following broker demand.
The firm says it had its busiest month ever following the reduction of its rates to 0.69% per month, seeing an 83% increase in enquiries and 263% increase in appointments.
Hope Capital says the rate offer will now be available at least until the end of July.
In addition, Hope Capital has introduced a new pricing matrix across all of its products, designed to make it easy for brokers to see the different LTVs and rates that Hope Capital will work to.
The new pricing applies to residential, retail, commercial and semi-commercial properties and land.
Gary Bailey, managing director of Hope Capital, said: “As part of Hope Capital’s growth plan we have recruited heavily in recent months in order to facilitate sustainable growth and the result of this investment is clear. With such a significant uplift in business we now have the infrastructure in place to ensure that we can cope with a considerable uplift in volume; Hope Capital can continue to upscale, while maintaining some of the best service and turn-around times available in the UK – even when looking at complex projects outside of the norm.
“The new rates and products have clearly been very enthusiastically received by brokers so it makes perfect sense for us to make them available for longer. Hope Capital now clearly has the right mix of product, flexibility, speed and rate transparency.”