Hope Capital Limited Reviews

AVOID AVOID AVOID!!!! this company I wish I had looked at these Google reviews before working with HOPE capital. They basically agreed to lend me the money to buy the property with the promise that they will switch to a refurbishment loan once the property has been bought. 3 months down the line after I have already completed, paid £6000 in interest fees already and loads of fees such as evaluation fees, QS fees, facility fess solicitor fees; and after they have authorised me to start works and completely build an extension out of my own pocket and fully stripped out the property to a point where I can't get a normal mortgage anymore, HOPE has turned round and told me they won't be going forward with the loan anymore. Even worse, they have gone and said my loan is in default because I stripped out the chimney during stripout (which was not specified that I couldn't do, as it was not specified what level of strip out i was aloud to do) therefore I assumed taking back to brick and removing the chimney is considered as stripout as that's what was in mine and builders contract. For the whole 3 months since exchanging they took long to respond to emails, kept asking for irrelevant information, basically dragging thier feet cause they had no intentions to switch over to the new loan, but instead milk as much money out of me before they can acuse me of being in default. When they finally said that they couldn't give me the loan, their excuse was, "you said you were going to carry on renovation without planning before planning for change of use is approved" which I did not say ofcause and there's no proof of me saying this. But even if I did, what's wrong with me spending my money to add value to the property? Cutting long story short, basically they have gone into this deal with no intentions of switching to a refurbishment loan, but instead to milk as much out of me by paying interest, get me to spend money on thier solicitors, QS and evaluation companies, and then refuse to give me the loan. I wouldn't be surprised if they own these third party companies or are working with them on a commission basis for every client they bring. Now the case has been passed on to thier solicitor for them to charge me more money on the fact that they are claiming the loan has gone into default. They are choosing to do this instead of continue with the loan as the said they would. The valuation report had different valuations, which one of them required no planning and the GDV value was enough to pay off the loan once renovation would be completed, but they have refused to go with this and also refused to wait for planning to be accepted. All because there was no clear discreption into what level of stripout was allowed, and the lied they made up that I said I would continue with the works without thier approval. Don't go with this company out of desperation just cause you need funding urgently. No deal is better than a bad deal. You will end up losing money and your project will not be completed.

Delt with my clients case very quickly and efficiently. They were incredibly understanding with the delays due to the issues with solicitors.

Thank you Hope Capital for completing this quickly and efficiently. The deal wasn’t straight forward, however you made my job a great deal easier than it can at times be with other lenders. Very impressed.

Very unprofessional company. Poor management and communication AVOID !

Terrible services, Very unprofessional.

lender always moves the goal posts and never follows through on completion

Brilliant Bridging Lender - HopeCapital are fast lenders with the ability to provide competitive and fair rates. Would recommend - Thanks

Terrible, avoid at all cost.