The bridging lender's previous maximum term stood at 12 months.
Hope Capital has extended its lending term to 24 months - up from its previous maximum lending term of 12 months.
Rates at the bridging lender start from just 0.69% on loans of up to £5m.
The term to 24 months can be considered on all Hope Capital’s lending including: residential, retail, commercial and semi-commercial properties and land.
Jonathan Sealey (pictured), CEO of Hope Capital, said: “We have seen a growing demand for loans for a longer loan period. As a highly responsive lender, known for excellent service, it made perfect sense to vary our loan terms so we can meet this demand from brokers and their clients.”
Hope Capital offers loans of up to £5m and up to 75% loan-to-value (LTV).
