Bridging lender Hope Capital is extending the availability of its revamped Seventies Collection products until 2021.
The two bridging loan products, the Hope 725 and Hope 75, were revised in October for a limited time only; however, citing high demand, Hope Capital is extending the deals.
The Hope 725 offers the lender’s lowest non-discounted rate of 0.725% per month and up to 72.5% LTV on non-regulated residential property with a loan up to £725,000.
The Hope 75 bridging loan has an LTV of 75% with a reduced rate of 0.74% per month for residential properties with a loan up to £575,000.
The two products will be available throughout England and Wales for a maximum loan period of up to 12 months to individuals and companies and will be available on a first charge basis.
The Seventies Collection can be used alongside elements of the Custom Collection which comprises six different products, features and options.
Gary Bailey (pictured), managing director of Hope Capital, said: “We are delighted with the feedback and response we have received from the initial launch of the enhanced Hope 725 and Hope 75 bridging loan products.
“Providing affordable and flexible solutions to meet the diverse needs of our clients is at the core of what we do. This is why we made the decision to continue these two fantastic products until the end of the year, so we can meet the market demand.”