Guaranteed Approval for Quick Bridging Loans: HFBS Has You Covered
In today’s fast-paced world, time is of the essence, especially when it comes to financial matters. If you’re in need of immediate funds for a real estate purchase or development project, a quick bridging loan can be an effective solution.
A quick bridging loan from HFBS are designed to provide fast access to funds, often within a matter of days, to help you meet your financial obligations and take advantage of time-sensitive opportunities.
One of the main advantages of a quick bridging loan is the speed at which you can obtain funds. Traditional lenders such as banks may take several weeks to approve a loan, but we offer a much faster turnaround time. This means you can quickly take advantage of an opportunity or resolve an urgent financial need without having to wait for a lengthy approval process.
Another advantage of a quick bridging loan is the flexibility. Unlike traditional loans, bridging loans can be customised to fit specific financial needs. They are typically secured against a property or asset currently owned or being purchased, which means that even if you have a poor credit history, we may still be able to approve you for a bridging loan.
No need to look any further, for a quick bridging loan HFBS are the go-to funder with the experience and hand-holding process to make it happen for you.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Exit Plans are Really Important to HFBS
Exit plans are really important to us here at Holme Finance Bridging Solutions (HFBS), which is why we will never push your client to borrow more than they need.
That’s called flexibility and we can do that because we have complete authority on our lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates
We are still the number one lender for a quick response. We pride ourselves on being very different, filling a niche in the market to complement your existing providers of short-term finance.
Amongst our genuine USP’s we continue to offer; no limit on bad credit, small loans, no age limits, no first mortgage consent required and no solicitors in most cases. And one major difference, if it is in a clients interests we will happily consider taking out an existing bridging loan. As we like to say, with HFBS everything is simpler, quicker, cheaper
However, it is also important to remember that this level of service will only come from an experienced bridging lender who can actually deliver. We have been advancing short-term funds, via a limited panel of intermediaries for over 40 years with complete authority on our lending – think it’s fair to say we have the experience.
Talk to us 01724 86 55 77 or email us
Business Cash Flow Bottleneck Freed With Bridging Funding
The quick work of the Holme Finance Bridging Solutions (HFBS) team meant a business cash flow bottleneck was quickly released for returning client.
The request for a £100,000 bridging loan to ease business cash flow was completed as a first charge on the same property that HFBS secured against over three years ago. Having the previous valuation to work with and keeping the original broker in the loop, the deal for as straight-forward as it could be, making for a very quick funding decision.
Dan Yendall-Collings of HFBS commented: “Having already successfully worked in the past with this client we had no hesitation in helping out again with this relatively straight forward funding deal. Keeping the original broker informed he was extremely happy for us to go ahead. He also received further commission without any additional work at their end.
“We received the funding request on Friday and worked quickly to organise the paperwork. We visited the property the following Tuesday and provided funding the next day, on Wednesday. Completing easily within four working days, it couldn’t have gone better. We were very pleased to once again work with someone who we have a great relationship with.”
HFBS funded £100,000 at 0.95% agreed over a 12-month term with no upfront fees.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
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HFBS Help Client Save Thousands on Stamp Duty
When a plan to remortgage a holiday let to purchase a new property wasn’t going to complete in time to draw down funds for the 30th June stamp duty holiday deadline Holme Finance Bridging Solutions (HFBS) were approached to help.
The client required £200,000 to cover a slight shortfall enabling them to complete on a new property purchase, but they also needed to complete quickly in order to save tens of thousands in stamp duty. That’s when Sonny Gosai at Norton Finance approached HFBS.
Approached on Friday the 25th of June HFBS immediately issued their offer pack, the client confirmed receipt of Monday the 28th, HFBS visited the property on the 29th where arrangements to release the funds on Wednesday the 30th were made.
Dan Yendall-Collings, senior underwriter at HFBS says: “The client had an unencumbered large detached property worth £900,000, it clearly had significant value in line with the valuation report carried out for the mortgage lender, that coupled with being offered the first legal charge meant we were able to do the deal with no upfront fees as we didn’t require a new valuation. We were able to complete just within their time frame to save them a significant amount of money.”
Sonny Gosai at Norton Finance says: “With such a short space of time to beat the stamp duty deadline and save our clients thousands of pounds HFBS were the obvious choice. Ian and Dan delivered when needed most. With agreeing a valuation wasn’t required and in house legal team ensured that the clients received the desired outcome. Speed really was key here and with Ian and his team that is exactly what was delivered”
HFBS issued a £200,000 bridging loan over a 12-month term at 0.95% per month in just four working days.
Dan continues: Working with the highly professional team at Norton Finance it was still a tight ask but because we have access to the funds and the flexibility to make our own decisions we were able to make it happen. We now have a very happy broker, and a VERY happy client.”
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £10,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Loosing Property Auction Deposit Wasn’t An Option
When a broker’s client agreed to purchase a property at auction via a standard BTL mortgage, no one anticipated it wouldn’t be completed in time.
Unfortunately that’s exactly the problem they were faced with. After agreeing to buy the property, and securing with a deposit, the end of the 28 day period was close and still with no mortgage offer.
Holme Finance Bridging Solutions were approached in the hope of rescuing the deal by approving and funding a 69,000 bridging loan quickly.
Dan Yendall-Collings, senior underwriter at HFBS says: “Thankfully the client had managed to secure a 10 day extension agreed with the auctioneers. We did require a valuation as the property was boarded up and appeared uninhabitable. Thankfully the cash valuation came in as we expected enabling us to release funds immediately. We did this all within the auctioneers extension with two days to spare!”
HFBS approved the funding immediately issuing an offer pack subject to valuation.
The deal was completed within seven working days and provided over a 12 month term at 1.1% per month.
Dan goes on to say: “The client was relieved and happy that they could acquire the investment property and progress with works as originally planned. The alternative would have been to walk away and lose the deposit that he paid on the day, which would have been tragic! We’re pleased to have been able to save the deal, and the investment, and very much looking forward to seeing the development completed.”
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £10,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
INHERITANCE CONUNDRUM SOLVED BY HFBS
It isn’t everyday you inherit a house, but with the requirement to spend a lot of money on its derelict state the benefactor didn’t know where to turn when her bank refused to advance a loan for refurbishment works.
Photo by Melinda Gimpel
@melindagimpel
Thankfully a broker approached Holme Finance Bridging Solutions (HFBS) on the benefactor’s behalf requesting funding to enable the semi-derelict property to be transformed for a quick sale.
Dan Yendall-Collings, senior underwriter at HFBS says: “Our broker’s client had been let down by her bank who had refused to approve her application or compromise on her catch 22 situation. A mortgage was refused based on the fact she couldn’t provide evidence of meeting monthly payments and the property being in a semi-derelict state wasn’t habitable.”
The benefactor had no intention of becoming a landlord, and had no desire to live in the property but couldn’t afford to maintain the house, so after the refusal of a loan from her bank she looked for alternative funding.
Dan continues to say: “In consultation with local estate agents the client was advised that with a limited amount of investment it could achieve a sale price of £300,000, £100,000 above it’s current valuation of £200,000 as semi-derelict property. We did need a full valuation purely down to the current state of the property. But thankfully the valuation confirmed that spending just £50,000 would transform the property into a mortgageable asset where a quick sale would likely be achieved.
HFBS completed a full valuation, which confirmed the property in its current state to be worth £200,000. With a quote from the builders of £50,000, and confirmation of a four-week turnaround, HFBS were happy to advance £50,000 as a net loan for up to 12 months giving her time to complete the works and achieve a sale.
HFBS issued a £50,000 bridging loan over a 12-month term at 1.45% per month.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £10,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
DEVELOPMENT FUNDING CLEARED BY HFBS
With a purchaser of a newly developed property pushing for a New Year move-in date the developer needed a quick release of funds to ensure the house was on track for completion.
The select development of three modern terrace houses had been fully funded by the developer who had managed to get the properties to a near complete stage requiring internal finishing only. However with the purchaser eager to move in the developer didn’t want the sale to go off track and requested a small loan of £15,000 from HFBS to complete the internal fixtures on a quicker schedule.
Dan Yendall-Collings of HFBS commented: “We received an application from the client’s broker and were really happy to get involved. We visited the site and were impressed by the experience of the architect supervising the build. The development was compliant and met with the appropriate building regulations and having seen the quality of the development for ourselves we were more than comfortable to agree funding without the need for an official valuation. We put the funding in place within a week all ready for when the client was ready to draw down the funds.”
HFBS funded £15,000 at a rate of 1.75% per month agreed with a 12 month term with the client aiming to repay within three months after property sale completion.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
FIRST WEEK BACK SUCCESS
The first week back for HFBS results in success.
HFBS returned to work at 9 AM on 11th May, by 4PM on the 20th May 2020 the team had issued full contractual terms on 11 cases and completed/funds to the client on three of those cases as follows :
“We advanced £42,495 at 1.35% mth over 12 months with interest to be ‘rolled up’ secured by first legal mortgage over two Buy to Let properties valued at £50,000 each. The valuation was established by a combination of original purchase prices/AVM and our own inspection.”
“The client had an urgent need to redeem an existing bridging loan to buy more time to secure a sale. The security was a residential BTL estimated at £250,000 in current condition ( in need of moderate refurbishment ) . Valuation was established by our own inspection of the property / comparable evidence. We advanced £100,855 at 1.2% month over 12 months with interest ‘rolled up’ and secured by first legal mortgage.”
“The client had an urgent need to redeem an existing bridging loan to buy more time to secure a sale. The security is a car sales forecourt with on site living accommodation valued for a previous proposed lender in January 2019 . We advanced £32,719 at 1.75% month over 12 months with interest ‘rolled up’ secured as a second legal mortgage behind the clients bank mortgage of £187,000. Valuation was established by using the old valuation.”
Ian Broadbent, direct at HFBS says: “When we got back to business on the 11th we really had no idea what would happen. However it’s clear, the bridging business is back in business and we’re now anticipating funding a further deal before we take a well deserved long weekend off.”
If you are looking for the application of common sense and a lender that shares your clients urgency HFBS are here for you. Just call 01724 865577 or email here.
In uncertain times, think certainty!
Brexit! Not again I hear you scream! But this is positive news so please bear with us.
Many introducers have recently reminded me of the absurd knee jerk reaction of some lenders following the June 2016 referendum result and the inevitable return to normal when nothing much changed!
As with all such reactions whilst short term in nature it did cause significant disruption to introducers and their clients alike. Here at HFBS we are known for our straight talking, there is never any uncertainty when dealing with us, which is why we want to take this opportunity to put your mind at rest.
Take comfort in amidst of all of this uncertainty that we have continued to shun bank or other corporate funding to plough our own furrow with significant increases in our private funding lines and a growing book value.
Brexit or remain, I suspect we can all agree on one thing, the continued lack of any certainty at such a late stage is farcical. That is why we are pledging now that there will be NO knee jerk reactions from us, NO reducing LTV’s, No increasing rates and definitely NO pulling of our products in the days following an exit however that takes place. We value our introducers support and will continue to do so. Forward plan with confidence!
HFBS is one of the very first to be involved in bridging finance. We’ve been there and seen it all to come out wiser and stronger.
Be confident that as a privately funded lender, we can make immediate decisions and in most cases complete without the aid of solicitors. We’re all about getting someone where they need to be and supporting both them and their introducer to a successful exit strategy without imposing penalties!
We are happy to consider the ‘quirkier’ deals or those outside our terms. HFBS are absolutely dedicated to supporting and building long lasting business relationships.
