As part of the product revamp, the lender has introduced a new Hope Guarantee option across all product ranges.

Under the new offer, the borrower’s rates are fixed for the term of their loan as soon as Hope Capital’s solicitors have been instructed — providing there are no material changes to the application or loan — regardless of increases in the Bank of England base rate.

In addition, Hope has cut rates across several product ranges.

Prices for its residential product suite now start from 0.55% at up to 80% LTV, while its semi-commercial range is available from 0.70% at maximum 70% LTV.

Meanwhile, rates for its commercial and land product suites start from 0.75% at up to 65% LTV.

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Roz Cawood, director of sales at Hope Capital (pictured above), said: “Providing borrowers with the opportunity to fix their rates, as well as take advantage of highly competitive products in the market, will be instrumental in supporting brokers and their clients moving forward.

“With there being so much uncertainty in the current economic climate, we want our brokers’ clients to borrow with confidence — this is just what they need at a time when living costs are being squeezed.”

Jonathan Sealey, CEO at Hope Capital, added: “We recognise that one size doesn’t fit all in the bridging finance market, which is why we have launched a multitude of competitive, flexible and innovative options to suit all borrower’s needs.

“In addition, the Hope Guarantee provides borrowers with the opportunity to lock in at a great rate now and protect themselves against future rate increases.”