Hope Capital has announced the launch of a new product range that includes MINI, MIDI and MAXI loans to choose from.

The MINI, MIDI and MAXI loans are designed specifically for residential property and the lender revealed they can be combined with other product features and options to meet clients’ needs. For example, there are options for zero fees and discounted rates, and they can also be combined with the existing Hope FleXi product.

The new product range is part of the Hope Capital Custom Collection, which comprises six different products, features and options, all of which are designed to give the most suitable solution for the borrower, the lender said.

Hope Capital also stated that its MINI Loan, which starts at just £50,000 and goes up to £150,000, is the first product that the lender has been able to offer brokers and their clients loans from £50,000, and represents a significant change to its product offering. The MIDI Loan starts from £150,000 and goes up to £500,000, with any loans above £500,000 falling into the MAXI Loan range.

Hope Capital managing director, Gary Bailey, said: “We’re proud to be launching this new product range which includes our smallest ever loan, starting at £50,000. As part of the new Custom Collection, these three tiers aim to meet the needs of the broker and borrower. Considering the current market, we’ve placed an emphasis on upfront affordability with the new products.

“As always with Hope Capital, we aim to offer the utmost flexibility and speed whilst being transparent throughout the process.”

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