Hope Capital axes upfront legal fees on Scottish bridges up to £1m in new tie-up with gunnercooke
Specialist short-term lender Hope Capital Property Finance has removed the need for an upfront legal undertaking on residential bridging loans in Scotland, following a new partnership with gunnercooke Scotland.
The move applies to residential loans up to £1 million and allows borrowers to progress their applications without paying legal fees in advance – a change the lender says will ease upfront cost pressures and speed up transactions for brokers and their clients.
The initiative sits alongside Hope Capital Property Finance’s existing fast-track features, including potential access to instant and desktop valuations, full title insurance and other streamlined processes aimed at reducing completion times on residential bridging in Scotland.
Laura Carr, head of underwriting at Hope Capital Property Finance, said:
“We’ve been proudly operating in Scotland since 2018 and understand what it takes to get deals completed efficiently. Funding in Scotland requires a lender with the right expertise, and this new initiative, alongside our partnership with gunnercooke, reinforces our commitment to delivering speed, flexibility and transparency to brokers and borrowers alike.
“gunnercooke has been a valued partner on our panel for several years, supporting our work in England and Wales, and it’s wonderful to see our relationship with their team continue to strengthen. We’re delighted to introduce this innovative offering with them as we collaborate on even more deals.”
Hope Capital Property Finance’s Scottish residential bridging range is priced at a flat rate of 0.85% per month at 75% LTV, with the lender targeting a broad spectrum of use cases, from light and medium refurbishments through to more complex structural projects.
Commenting on the partnership, Bryan Finlayson, commercial real estate partner at gunnercooke Scotland, said:
“We’re pleased to be working with Hope Capital Property Finance on this initiative, which marks an important development for both borrowers and brokers in Scotland. By removing the need for upfront legal fees, we’re making the bridging process more straightforward, accessible and efficient from the very beginning.
“Hope Capital Property Finance’s experience and commitment to the Scottish market align perfectly with our approach, and together we’re focused on delivering a more efficient journey for clients across a range of residential projects.”
