Tag: Hope Capital
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New Loan Makes Flipping Properties Easier (and Cheaper!)
A specialist lender has launched a new loan designed to make it cheaper and easier for property developers to renovate and sell properties for a profit. Hope Capital’s new “flip loan” allows borrowers to access up to 75% of a property’s value with an interest rate of 0.99%. The loan is split into two parts:…
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Hope Capital Ups the LTV on Development Exit Loans
If you’re a property developer looking for a lifeline to get your project over the finish line, Hope Capital, the bridging lender, is making it easier than ever to get the cash you need. The loan, launched in 2021, is designed to help developers who have completed their projects but are still facing pressure from…
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Savings on Refurbishment Bridging Loans – Hope Capital Cuts Rates
Hope Capital has announced substantial rate reductions on its residential medium refurbishment loans. This means lower costs for those looking to upgrade or renovate their homes. These loans are now more affordable and accessible, making it an excellent time for property investors and homeowners to consider starting their renovation projects. Hope Capital’s updated loan offer…
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Hope Capital Reduces Residential Loan Rates
Hope Capital has announced sweeping changes to its residential loan offerings, introducing lower rates and streamlining its internal processes for faster, more efficient service. Hope Capital has overhauled its residential lending criteria, resulting in substantial rate reductions across the board. In a move that will be welcomed by homeowners and prospective buyers alike, the company…
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Fall in Inflation Brings Hope of Lower Mortgage Rates
The UK’s inflation rate has decreased to 4.6%, a substantial drop from the 6.7% recorded in September. This reduction brings inflation to its lowest point in two years, aligning with Rishi Sunak’s goal to reduce it to below 5.4% by year-end. Sunak emphasises that inflation acts like a tax, impacting everything from grocery bills to…
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The Mortgage Guarantee Scheme: A Beacon of Hope?
The government’s mortgage guarantee scheme, launched in April 2021, aimed to ease this journey by enabling first-time buyers and home movers to secure 95% loans. This means that buyers only need to come up with a 5% deposit themselves. But is this scheme really making home ownership more accessible for single buyers on average salaries?…