Hope Capital says it has made improvements to its offering, now considering legal dual representation on all deals across residential, semi-commercial and commercial property.
Previously, the lender offered dual representation on residential auction deals only.
Dual representation, which is where a solicitor represents both the lender and the borrower in a loan transaction, allows the borrower to save money and can also significantly speed up the deal process, with there being no need to relay messages between two solicitors;
Kim Parker (pictured), head of sales at Hope Capital, said: “Speed, affordability and a streamlined process is what is expected when opting for a bridging loan. This is a key step forward to ensure we can facilitate transactions in an even quicker manner, while also helping our borrowers make significant cost savings. Having already utilised dual representation with a number of our solicitor partners, we’re looking forward to supporting even more borrowers with this moving forward.”
Laura Carr, head of underwriting at Hope Capital, added: “This service improvement further simplifies the legal process for our borrowers, when the circumstances are right. We’ve established some fantastic relationships with solicitor firms over the years, who have a lot of experience providing joint legal advice, and we look forward to working alongside them to continue to deliver the outcome our clients are looking for.”
