Hope Capital smashes goals in Q2
Hope Capital has achieved a number of company records, owing to an extremely successful quarter in business.
The specialist short-term lender has today announced that from March 2021, Hope Capital has grown its loan book by 169%, increased its loan size by over 120% and recorded a 260% increase in AIPs, with volumes escalating monthly.
Hope Capital has also announced there has been a substantial rise on refurbishment, commercial and land deals, with over a 400% increase across all three property types.
In addition, throughout the last three months, cases on mixed-use property have doubled, and the market leading Seventies Collection for residential property also continues to go from strength to strength, with a further 50% increase.
Gary Bailey, managing director of Hope Capital, commented: “To realise this many achievements, within a three-month period, is a fabulous accomplishment and it’s a really exciting time for us at Hope Capital. We have all worked extremely hard over the last few months to ensure we are delivering the best solutions for brokers and their clients, meeting market demand, whilst continuing to provide an outstanding customer service. All these have enabled us to achieve the records like we have.
“Throughout the last quarter, we have had the opportunity to work with many broker partners and their clients to help them achieve their investment objectives. We have also welcomed more talented people to the Hope Capital team and owing to our ongoing success, are still on the lookout. The team continues to work incredibly hard, which is why we are confident we can achieve more record results over the next 12 months.
“As we move forward, our focus will be to continue listening to the feedback of our brokers and their clients, on the type of bridging finance products they would like to see available in the market.”
In June 2021, Hope Capital revamped a number of its highly sought-after bridging loans to enhance its competitive offering. This included increasing the Seventies Collection maximum loan amount to £1m and bolstering the Eighties Collection, resulting in the bridging lender now taking mixed-use and commercial cases up to 70% LTV and interest rates starting at just 0.80% per month.
Hope Capital is renowned for being a highly flexible lender and is dedicated to providing superior service and support to brokers and their clients from initial enquiry stage through to completion.
