Hope Capital has announced a new flexible fees feature for its bridging loan products, aimed at borrowers who require zero lender arrangement fee, reduced valuation fee options or no upfront solicitors’ costs.

The lender suggested its new feature is designed for borrowers who need to manage their cashflow effectively and require the highest possible amount on the first day of the loan. By offering borrowers the option of zero or reduced fees, Hope Capital stated they would be customising the loan to best suit their needs.

The flexible fees feature provides a 0% option on the lender arrangement fee, options for reduced valuation fees and no upfront solicitors costs. Hope Capital added that the zero lender arrangement fee is available solely on serviced or part-serviced loans with minimum loan terms applying.

Brokers will continue to receive their full procuration fee on completion, irrespective of which option the borrower chooses, the lender added.

The new fee options are part of Hope Capital’s Custom Collection which comprises six different products, features and options.

Hope Capital managing director, Gary Bailey, commented: “The new flexible fees product feature forms part of the Custom Collection and gives customers the option of having more funds on day one and lower initial outgoings. This flexibility can make the difference between a loan being affordable and working for the borrower, or not.

“Right now, we’re placing a real focus on offering new innovative products which offer flexibility and affordability for the borrower.”

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