Hope Capital has rebranded and moved to a new office this week, while the bridging lender is on target to double its lending volumes this year compared to 2017.
Hope Capital has already increased its staff numbers by a third this year and is continuing to recruit both BDMs and underwriters.
The lender has also changed its proposition, lowering interest rates, raising LTVs on certain products and is in the process of launching a selection of loans it described as ‘innovative’, like the ‘fixed fee loan’ launched last week.
Jonathan Sealey (pictured), chief executive of Hope Capital, said: “Hope Capital has more than doubled in size in the past year and has even more ambitious plans for the next few years. The company is seven years old now and here to stay. We are well funded and have grown significantly but sensibly.
“We’ve establishing a firm footing in the bridging market through flexible and sensible underwriting and always keeping our promises.
“The rebrand and our office move marks the beginning of the next stage of our journey of growth as we aim to continue doubling in size over the years to come.”
To accommodate the growth in staff numbers and allow for further planned expansion, the lender has taken on new offices, four times the size of its previous office.
It intends to carry on its recruitment drive to enable it to cope with the uplift in demand for its loans.
Hope Capital pledged to enable every broker to always speak to an underwriter or key decision maker on every loan that they place.