Hope Capital Property Finance has reduced pricing across its residential bridging proposition and increased the threshold for dual legal representation, as it looks to strengthen its offering for brokers.
The specialist lender has cut its standard residential rate at 75% loan-to-value (LTV) from 0.85% to 0.82%.
It has also increased the dual legal representation threshold from £750,000 to £1 million across England, Wales and Scotland.
The changes apply across the residential range, including Dual+, Hope Capital’s fast-track solution for residential purchases, refinancing, capital raises and cosmetic light refurbishment projects.
The lender said Dual+ is supported by a dedicated packaging team, with valuations undertaken at enquiry stage to support earlier credit decisions. Legal work is progressed through established dual legal representation arrangements to reduce cost and completion times.
Hope Capital said this early assessment approach enables faster, more accurate decisions and improves deal progression confidence.
Kim Parker (pictured), director of lending operations and commercial strategy at Hope Capital Property Finance, said: “This is a clear reflection of the strength and stability of our funding structure. It lets us pass operational efficiency through to pricing, while maintaining the discipline and consistency that underpin our lending approach.
“Brokers are not just looking for competitive pricing; they are looking for reliability. Our focus is on delivering both, with a proposition that performs consistently across a wide range of scenarios.”
Laura Carr, director of underwriting, compliance and stakeholder relations, commented: “The enhancement to Dual+ in Scotland, increasing the dual legal representation threshold from £750,000 to £1m, is a meaningful operational improvement for brokers.
“It reduces friction on mid-sized transactions and creates a smoother, more efficient completion process for clients, while maintaining the robust standards we apply across all cases.”
Hope Capital’s residential bridging proposition supports purchases, refinances and capital raises, as well as light, medium and heavy refurbishment projects.
Lending is available up to 70% loan-to-gross-development value (LTGDV), with loan sizes from £50,000 to £5 million and terms of between three and 18 months.
