Lender reduces standard rate and raises dual representation limit to £1 million
Hope Capital Property Finance has cut its standard residential rate at 75% loan-to-value (LTV) from 0.85% to 0.82%, citing efficiencies generated through its funding structure.
The specialist lender has also raised the dual legal representation threshold from £750,000 to £1 million across England, Wales and, for the first time, Scotland.
The changes apply across the residential range, including Dual+, the lender's fast-track product for borrowers needing quick funding for residential purchases, refinancing, capital raising and cosmetic light refurbishment.
Dual+ is backed by a dedicated packaging team and sales specialists. Valuations are carried out at enquiry stage to support earlier credit decisions, while legal work proceeds through established dual representation arrangements to cut costs and completion times.
“This is a clear reflection of the strength and stability of our funding structure,” said Kim Parker (pictured top left), director of lending operations and commercial strategy at Hope Capital Property Finance. “It lets us pass operational efficiency through to pricing, while maintaining the discipline and consistency that underpin our lending approach.
“Brokers are not just looking for competitive pricing; they are looking for reliability. Our focus is on delivering both, with a proposition that performs consistently across a wide range of scenarios.”
According to Laura Carr (pictured top right), director of underwriting, compliance and stakeholder relations at Hope Capital Property Finance, the enhancement to Dual+ in Scotland is a meaningful operational improvement for brokers. “It reduces friction on mid-sized transactions and creates a smoother, more efficient completion process for clients, while maintaining the robust standards we apply across all cases,” she said.
The lender's residential bridging proposition continues to support light, medium and heavy refurbishment projects, with lending available up to 70% loan-to-gross-development-value (LTGDV) and loan sizes ranging from £50,000 to £5 million.
Other features include up to 100% of build costs covered, with works able to be forward-funded throughout the loan term. Refurbishment funds are released on the same day a monitoring agent's report is received, whether conducted remotely or in person. Borrowers may also qualify for an instant valuation at no cost, with desktop valuations available within 48 hours.
The product includes full title insurance, no upfront legal undertaking required up to £1 million, and no exit fees. Terms run from three to 18 months, with up to 100% of the purchase price available where additional security is provided as a first or second charge. Electronic know-your-customer and anti-money-laundering verification is also included.
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