Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Hope Capital Enhances Dual+ Range; Ultimate Finance Cuts Exit Rates

Hope Capital has announced enhancements to its Dual+ bridging finance range, increasing the dual legal representation and instant valuation thresholds from £500,000 to £1 million. Ultimate Finance has also reduced rates across its development exit product, with new pricing starting at 0.74%.

Hope Capital’s changes apply to cases across England, Wales, and Scotland. The lender has introduced instant valuations at the enquiry stage and raised the threshold for these valuations to £1 million. According to Hope Capital, these updates are designed to help brokers complete residential bridging cases more quickly by streamlining key stages of the process.

The lender has also reduced pricing across the Dual+ range, with rates now starting from 0.82% at 75% loan to value (LTV). Hope Capital stated that these pricing changes reflect efficiencies enabled by its funding structure.

For letting agents and inventory clerks, these enhancements may impact the speed and certainty of residential bridging transactions, potentially affecting timelines for property handovers and tenancy starts.

Ultimate Finance has lowered rates on its development exit product, with pricing now starting at 0.74% and 75% LTV loans from 0.79%. The lender stated that these changes are aimed at helping developers and investors move on to new projects more quickly by releasing capital sooner.

Both lenders have highlighted the importance of speed, certainty, and streamlined processes in the current property finance market.