Hope Capital enhances Dual+ range; Ultimate Finance cuts development exit rates – round-up
Hope Capital has improved its Dual+ range by increasing the dual legal representation threshold from £500,000 to £1m and introducing instant valuations at the enquiry stage.
The threshold for instant valuations has also been increased from £500,000 to £1m.
The lender said the changes would help brokers complete residential bridging cases faster and meet deadlines by streamlining the most time-critical stages of the process.
The increased dual representation threshold has been applied to cases across England, Wales and Scotland.
Hope Capital has also reduced pricing across the range, starting from 0.82% at 75% loan to value (LTV), which it said reflected pricing efficiencies enabled through its funding structure.
Kim Parker, director of lending operations and commercial strategy at Hope Capital Property Finance, said: “Speed and certainty continue to be two of the biggest priorities for brokers, particularly when dealing with time-sensitive residential bridging cases. By increasing our dual representation threshold to £1m and bringing instant valuations into the enquiry stage, we’re removing two of the biggest causes of delay and giving brokers greater confidence that cases can complete within challenging timescales.
Aldermore Insights with Jon Cooper: Edition 10 – The biggest barrier to homeownership isn’t affordability. It’s outdated lending.
Sponsored by Aldermore
“Combined with our dedicated packaging team and experienced sales specialists, Dual+ delivers a streamlined journey from enquiry through to completion. These latest enhancements reinforce our commitment to helping brokers complete more deals, more quickly, while delivering a better experience for borrowers.”
Laura Carr, director of underwriting, compliance and stakeholder relations at Hope Capital Property Finance, added: “By moving valuations earlier in the process and increasing the availability of dual legal representation, Dual+ gives brokers a clearer and more efficient route to completion. From an underwriting perspective, having key information available sooner allows us to assess cases with greater speed and confidence, while maintaining the robust approach to risk management that brokers and borrowers expect from Hope Capital Property Finance.
“These enhancements are a direct response to broker feedback and reflect our ongoing focus on making the bridging journey as straightforward as possible. By combining smarter processes, experienced teams and a proposition built around certainty, Dual+ helps brokers navigate complex transactions more effectively and deliver the outcomes their clients need.”
Ultimate Finance cuts development exit rates
Ultimate Finance has lowered rates across its development exit product, with pricing now starting at 0.74% and 75% LTV loans from 0.79%.
Liam Cavanagh, head of bridging finance at Ultimate Finance, said: “On completed or schemes nearing completion, time and certainty matter. Our development exit rate reduction is about helping developers and investors protect margin, release capital and move on to the next project sooner.
“It’s also a practical way we’re backing our introducer partners with sharper pricing, fast decisions and a team that understands what it takes to get an exit over the line.”
