Hope Capital Property Finance has relaunched its Flip+ loan product, introducing an updated structure designed to support borrowers from acquisition through to refurbishment within a single lending relationship.
The revised proposition links bridging and refurbishment finance into one facility, allowing borrowers to transition between stages without the need to refinance or submit a new application.
The lender said the structure is intended to improve continuity and reduce delays across the project lifecycle.
Under the product, borrowers can access an initial bridging loan of up to 12 months for the acquisition of residential, semi-commercial or commercial properties, with the option to move into a refurbishment facility of up to 18 months.
The transition is supported by continued access to the same underwriter.
Hope Capital Property Finance said the structure addresses a common challenge in development finance, where mid-project refinancing can introduce additional cost and delays.
By combining both stages, the lender aims to support faster execution and improved cost efficiency.
Key features of the Flip+ product include rates starting from 0.80%, up to 75% loan-to-value (LTV), no minimum term where waived at the point of transition, and a £1,250 administration fee covering legal costs for the flip stage.
The product also offers funding of up to 100% of build costs, with refurbishment funds typically released on the same day to support project delivery.
Laura Carr, director of underwriting, compliance and stakeholder relations at Hope Capital Property Finance, said: “We anticipate there being a huge demand for this product and we’re looking forward to offering this to both our existing clients, as well as borrowers who are looking to access an initial loan, with plans to then undertake refurbishment works in the future.”
“By switching onto a new loan with us, clients won’t need to restart the application process from scratch, as the Flip+ case will be reallocated back to the original underwriter, creating a far more streamlined and significantly faster experience than moving to another lender.”
Jemma Wood, director of portfolio, asset and risk at Hope Capital Property Finance, added: “The Loan Support & Relations team are on hand to assist our borrowers throughout their varying agreements.
“These specialists are ideally placed to support the transition from an initial bridging loan onto refurbishment requirements through our Flip+ product.
“Our Flip+ loan product offers many benefits to our borrowers including removing the requirement of having to pay certain fees again.
“This not only provides a greater level of affordability to the borrower, but it also means they have more time and flexibility to capitalise on their loan.”