Hope Capital has reported that the 2021/22 financial year marked the strongest 12 months in its 10-year history. The specialist short-term lender announced that total completions grew annually by 107%, while there was around a 50% increase in AIPs. Throughout 2021, Hope Capital launched a number of products and offerings, including the lender’s refurbishment range, discounted rate loan, and development exit loan. Hope Capital CEO, Jonathan Sealey, said that to achieve its most successful year in a period of uncertainty amid the pandemic was an “unbelievable accomplishment”.

The Mortgage Lender has announced a range of changes to its buy-to-let mortgage rates. The lender is repricing its five-year fixed 75% LTV cashback and fees assisted products, with rates now starting at 3.33% for standard properties, and 3.45% for HMOs. Rates have also been repriced for the lender’s five-year offering at 80% LTV, with rates now at 4.05%. In addition to the product repricing, The Mortgage Lender has also launched a new five-year 70% LTV high fee mortgage at a rate of 3.20%, which comes with a completion fee of £2,495.

Go Business Loans has secured a six-figure investment that will allow it to expand its support of small businesses seeking short-term lending options.The firm provides loans of between £2,500 and £20,000 to businesses across the UK. According to the lender, the investment follows a period of “exceptional growth” after launching in April 2021, having supported over 20 clients with new business loans and five companies with top-up loans. The new investment could allow the loan provider to support a further 50 businesses.

Mortgage advice firm, Mortgage 1st, and estate agent, British Home Sellers, have announced a new partnership. Combining their operations will mean that that once customers find a property through British Home Sellers, they can speak to an adviser at Mortgage 1st who could then provide them with an AIP in minutes. Commenting on the partnership, Mortgage 1st, managing director, Jon Stones, described British Home Sellers as a “dynamic forward-thinking business”, while property manager at British Home Sellers, Alex Clendon, added that Mortgage 1st’s use of technology could yield “amazing results” for its customers.

360 Dotnet has announced it is expanding its operations by launching a new office in Turkey. The mortgage technology firm suggested the move will provide the “additional capacity required” for its anticipated business growth over the long-term. For the coming year, 360 Dotnet indicated it will be adding more developers to its Turkey office, in addition to further growth in the UK. Commenting, the firm’s CEO, Ozgur Unlu, said the expansion is necessary to ensure it can “continue to prosper”.

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