Hope Capital has launched a new product to give borrowers “control and flexibility” of their cashflow.
The bridging lender revealed it has designed a discounted rate loan to help borrowers achieve balance between affordability, optimal loan amount on day one, cashflow and LTV.
Interest on the product is set at a lower rate for the first six months, resulting in lower monthly repayments for the customer, which Hope Capital suggested will make the loan “as affordable as possible”.
With initial rates starting from 0.54% per month, the discounted rate is available on serviced or part-serviced loans and has a minimum 12-month term, with six months being at the lower discounted rate, and the remainder at the non-discounted rate.
Hope Capital CEO, Jonathan Sealey, commented: “We’ve listened to our brokers and borrowers and understood their need for a new, flexible, affordable and accessible product. We’re excited to be launching the discounted rate product which helps us meet the needs of our customers.
“Naturally, the Hope Capital team works closely with brokers and borrowers to create a loan that best suits the borrowers needs and circumstances, being flexible and transparent throughout the process.”
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