Hope-capital Reviews

STAY WELL CLEAR OF HOPE CAPITAL

STAY WELL CLEAR OF HOPE CAPITAL I have also experienced the same as Chenglong Lu I m now with solicitors regarding the matter but I would like to connect with you Chenglong Lu to see if we can chat about our experiences with hope capital I also have the ASTL association of small term lenders condemning the practices of hope capital Hope capital did everything they could to try and force myself into default lying and moving the goal posts each and every time I m happy to chat with anyone regarding this should it help take hope capital to court

AVOID AVOID AVOID This company

AVOID AVOID AVOID this companyI 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

Absolutely shocking company

Absolutely shocking companyDO NOT USE

DO NOT USE THIS COMPANY

this company are dreadful I would strongly advise you not to use them unless you want to go made bankrupt by them They are extremely aggressive they are looking for ways to take the property they have lent on off you you can not reason with them I have been a very successful developer for 15yrs and they are the worst company I have ever worked with If we were not experienced we would have gone under meeting all their massive hikes in interest for doing nothing Also I have been undergoing chemotherapy for cancer during this period and they were totally unsympathetic they just kept apply more pressure and additional stress The whole process has nearly broken me luckily we have retained the site but we have had to pay them a vast amount of additional money to get them out BE WARNED

My experience is that Hope Capital are one of most stressful experiences in life

My experience is that Hope Capital are a truly awful company and would urge anyone thinking of using not to They are horrible to deal with punative unforgiving and rapacious Many better options out there for bridging finance for the good of your bank balance and health I would strongly advise against getting involved with this company

I couldn t agree more with the other 1

I couldn t agree more with the other 1 star reviews I have never come across a more aggressive or punative lending company We are still chasing them for around 6 000 in interest fees which they charged us based on us not informing them of our intention to complete despite weeks of negotiation over exactly that

Very efficient

Dealt with Mike Watson from Hope Capital who arranged a bridging finance loan for me Thoroughly professional and very efficient in every step of the process Will definitely use these guys again

Great service Worked with me well

Very pleased with Hope Capitals quick delivery to get my loan through the door on time great experience