The rates will be available on loans of up to £5m across its entire bridging range.
This will apply to residential, retail and commercial properties and land, with borrowers able to use the loans for property purchase, refinance and other business purposes.
The bridging lender aims to offer terms within one hour of application and brokers have direct access to underwriters.
This comes as Hope recruited five new employees last month — which included two BDMs — in order to help support and educate its broker partners.
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Gary Bailey, managing director at Hope Capital (pictured above), said: “As part of our growth plans, we’ve recruited more great talent, with BDMs now covering all parts the country; we have also reviewed our pricing model.
“As a result, we are launching our lowest ever rate.
“This, when coupled with our service excellence, we believe will generate more opportunities and completions for brokers.
“With our commonsense approach to underwriting, we’ll continue to cater for today’s norm and simplify the complex.
“Brokers placing cases with Hope Capital will continue to enjoy the quick turnaround times, direct access to underwriters and complete cost transparency that Hope Capital has become well known for, as well as new competitive rates.”
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