Hope Capital has announced it is relaunching its flexible bridging loan, the Hope FleXi.

Now part of its Hope Capital Custom Collection, the bridging lender stated the Hope FleXi is one of six different products, features and options, all of which have designed to give the most suitable solution for borrowers.

The Hope FleXi allows a borrower to not only service the loan while having some of the interest retained, but also spread repayments on the serviced part over the entire term of the loan. Hope Capital indicated that this means the monthly interest payments are significantly reduced for the borrower, potentially by more than 90%.

The product also allows any combination of the number of months that can be serviced or retained, which the lender described as the “ultimate flexibility” for the borrower in ensuring the payments are affordable. Hope Capital said that the borrower can achieve a balance between cash flow, affordability, optimal loan amount and loan-to-value.

Hope Capital chief executive officer, Jonathan Sealey, commented, “Our Hope FleXi bridging loan is all about offering the flexibility to meet the needs of the borrower. As part of the Custom Collection it gives added benefit to the borrower as they can mix and match it with other features to create a tailored loan.

“We understand that individual circumstances – the borrower’s own financial position and the nature of the property they are investing in – will vary greatly from case to case.

“As with all our bridging loans, our team provides service excellence at every stage from initial enquiry through to completion.”

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