Second Charge Bridging Facility in 3 days
£24,000 second charge bridging facility within a mere three days of the initial customer enquiry.
A customer in need of funds for business purposes contacted their broker highlighting issues encountered with a previous second charge lender. There was an urgent requirement to obtain the funds due to various legal matters and complications with the previous lender.
Quick to recognise the urgency of the situation, the broker immediately engaged with HFBS. In a decisive move, HFBS agreed to provide the second charge loan without the need for consent from the first charge lender. Relying on the property valuation conducted by the previous lender, HFBS efficiently packaged the deal on the same day.
As time was of the essence, HFBS received enquiry in the afternoon of day one, approved the loan on day two, on the morning of the day three all necessary parties convened to finalise the application.
The transaction featured a net bridging loan of £24,000 against a property valuation of £220,000, resulting in a total loan to value (LTV) of 60% when including the first charge.
Dan Yendall-Collings, Senior Underwriter at Holme Finance Bridging Solutions, added, “Our ability to solve problems quickly is a testament to our commitment. Trust, adaptability, and rapid decision-making are crucial, and we’re proud to have demonstrated these qualities in this recent deal.”
HFBS Unveils Benefits of Partnership Ahead of Christmas Break
Holme Finance Bridging Solutions (HFBS), a prominent name in the UK’s bridging finance sector, is making waves as it demonstrates its commitment to facilitating quick and reliable financing solutions for clients just in time for the holiday season.
As the year comes to a close, HFBS has been hard at work, striving to approve deals and secure funding for its clients before the Christmas break. The team at HFBS understands the urgency and importance of funding for borrowers, and they are dedicated to ensuring that their clients can have peace of mind and financial security during the festive season.
Ian Broadbent, Managing Director of HFBS, emphasised the significance of their efforts: “We understand that the holiday season can be a stressful time for many, and the need for quick and flexible financing solutions is more crucial than ever. Our team is putting in extra effort to ensure that we can approve deals and provide funding promptly, allowing our clients to enjoy their holidays without any financial worries.”
HFBS specialises in bridging loans, offering a wide range of financial solutions to meet various needs, including property development, auction purchases, and refurbishment projects. Their streamlined and efficient application process, combined with their extensive experience in the industry, has made them a preferred choice for borrowers seeking quick and reliable financing options.
The benefits of working with HFBS extend beyond just fast approvals. Clients who partner with HFBS can expect:
1. Tailored Solutions: HFBS understands that each borrower has unique requirements. They provide personalised loan packages to meet the specific needs of their clients.
2. Flexibility: With a range of loan terms and options, HFBS offers flexibility to borrowers, ensuring they can find the right solution for their circumstances.
3. Speed: HFBS is renowned for its rapid decision-making and approval process, allowing clients to access funds swiftly, often within days.
4. Expertise: With a team of experienced professionals, HFBS offers expert guidance throughout the lending process, ensuring clients are well-informed and supported every step of the way.
5. Transparency: HFBS prides itself on transparency, providing clients with clear terms and conditions, so there are no hidden surprises.
As the year-end approaches, HFBS continues to be a reliable partner for those in need of bridging finance. Their unwavering commitment to providing fast approvals and excellent service sets them apart in the industry, making them the go-to choose for borrowers seeking financial solutions.
In the spirit of the season, Holme Finance Bridging Solutions continues to prove its commitment to its clients by delivering timely funding and showcasing the advantages of their partnership ahead of the Christmas break. Borrowers looking for dependable financial solutions can count on HFBS to deliver the support they need during this festive season and beyond.
HFBS will close at 5pm on Thursday the 21st of December returning 9am on the 4th of January 2024.
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.
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
HFBS Agrees Its Largest Bridging Loan
Owner of a derelict central London property required bridging funding to complete a full-scale development project to achieve a sale price of 2 million pounds upon its completion.
The large semi-detached derelict property wasn’t mortgageable in its uninhabitable state so the developer approached Holme Finance Bridging Solutions (HFBS) for a funding solution to advance the development of the property.
Dan Yendall-Collings Senior Underwriter at HFBS commented: “We couldn’t provide a desktop valuation, the nature of the property in its derelict condition meant we required a full valuation. However upon receiving the valuation findings we were really pleased to hear that without development the property was worth 1 million pounds and after development would be worth 2 million pounds. This provided the confidence we needed to move forward and approve the funding.”
The owner of the investment property had completed a schedule of works that were appropriately planned and costed ensuring that the £300,000 bridging loan would be all that was required to bring the property back to a habitable and mortgageable condition.
HFBS received the application on the 5th of April and instructed a valuation the same day. The valuer visited the property three days later and provided a full report on the 11th of April at which time HFBS arranged to meet the client to agree contracts. The funding was paid out on the 14th of April, just eight working days later.
Dan Yendall-Collings, commented: “We are really proud to have made this one happen and know the developer’s intentions are achievable and well within their experience. This wasn’t one of our quickest deals but it is the biggest. The fact it was a derelict shell slowed the process slightly, but with due diligence complete we were happy to make this happen and realise the huge return for the client.”
With significant equity, a clean credit status and a track record of successful developments, HFBS were happy to fund the £300,000 at 0.99% agreed over a 12-month term with a view to the property being renovated and sold within the term to settle the loan.
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.
HFBS team took just 24 hours to turn funds around
£15,000 just in-time funding was all that was needed to assist in the purchase of an investment property at Middlesbrough auction.
When an experienced property developer approached Holme Finance Bridging Solutions (HFBS) for a small bridging loan of £15,000 the underwriting team took just 24 hours to turn the funds around and all without the need for a valuation.
Providing an unencumbered BTL property worth in excess of £100,000 HFBS were happy with the desktop valuation which had the added bonus of not just saving the client huge amounts of time but also saving on upfront fees.
The urgent approach to HFBS was made on Friday afternoon in readiness for the property auction the following Tuesday. HFBS acted swiftly in ensuring the client had the offer pack for Monday followed by a personal meeting the same day with payment made that afternoon. Another HFBS record deal turned around in less than 24 hours from their working week.
Dan Yendall-Collings of HFBS commented: “We were approached on Friday afternoon by the property developer who had his eye on a number of low value properties to invest in. Knowing there was plenty of opportunity in the development we were really happy to help him purchase his next development project outright confident it would be a quick turnaround to sale.”
HFBS funded £15,000 at 1.5% agreed over a 12-month term with no upfront fees with a view to the property being renovated and sold within the term to settle the loan.
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.
Speak to us about your funding requirements.
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 Presents Its Own Black Friday Offer
We thought we’d jump on the Black Friday bandwagon and present to you our very unique to HFBS offers.
Here goes…
AN INCREASE IN MAXIMUM LOAN TO £300,000
AN INCREASE IN THE AVAILABLE TERM TO 18 MONTHS
NO SOLICITORS REQUIRED ON EITHER SIDE IN MOST CASES
THE MAJORITY OF APPLICATIONS COMPLETED WITHOUT THE NEED FOR A VALUATION
EQUITABLE CHARGES BEHIND MOST FIRST MORTGAGEES
A MINIMUM LOAN SIZE OF JUST £5,000
AVERAGE COMPLETION FROM DAY 1 ENQUIRY JUST 7 DAYS.
If you like the sound on this and have a funding requirement ring today on 01724 865577 or email us at sales@hfbridging.co.uk
HFBS offer one of the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. As a privately funded lender we can make immediate decisions and, in most cases, complete without the aid of solicitors. We are also happy to consider the ‘quirkier’ deals or those outside our terms. Think of our advances as a secured loan only shorter! Simpler, quicker, cheaper.
HFBS FUNDING SECURES AUCTION INVESTMENT
When an investment bond turned out to reserve heavy penalties for an early draw down an investor’s commitment to buy an auction property seemed to be in immediate jeopardy.
With the client subject to a four-day deadline to complete the £100,000 payment of the property purchased at auction, HFBS had to act quickly to make the deal happen.
Dan Yendall-Collings, senior underwriter at HFBS says: “We were approached by a broker who knew we could provide funds within a week, thus ensuring the client could meet his property purchase commitment. We were asked to secure on an unencumbered investment property worth in the region of £650,000. A desktop valuation showed very clear evidence that the equity was more than sufficient for our £100,000, which allowed us to fund without a full valuation. This saved the client any upfront costs and enabled us to meet his tight deadline.”
HFBS issued documents, which were with the client on a Wednesday, followed by a visit from HFBS on the following Thursday to complete paperwork, with the completed documentation back on the Friday the necessary funds were released.
Completed within three days HFBS funded the £100,000 bridging loan over a 12 month term at 1.1% 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.
DERELICT AMBITION GETS THE FUNDING
Holme Finance Bridging Solutions (HFBS) fund a developer’s derelict ambition and it pays off with the property valued with a projected one hundred and forty five thousand pound profit.
When a developer saw the potential in a derelict property bought for £80,000 cash, HFBS were approached to advance of £30,895 as a first charge so he could start the development. Three weeks after the developer was ready for the final tranche of £26,895 to complete the work.
Dan Yendall-Collings, senior underwriter at HFBS says: “This was a derelict property, you could see right through the second floor, the attic and see daylight! He was clearly a very experienced developer because after spending the first advance it was watertight, the damp proofing complete, a new roof, and new windows and doors. The joists and floors had been reinstated with a staircase and the outside had been rendered with the garden landscaped – surprisingly all within three weeks.
“Spending the first drawdown had increased the value, as confirmed by our valuer, to £140,000 and upon completion of the project the property is expected to be worth in the region of £200,000-225,000.
HFBS advanced the first bridging loan of £30,895 and then a second of £25,000, plus fees, to complete the internal fittings, kitchen and bathroom, central heating system and final decorations. A valuation was required due to the extreme nature of the property but from application to funds issued the first deal completed in 10 days and the second in just seven.
HFBS issued a £30,895 bridging loan as a first charge over a 12 month term at 1.75% per month plus £25,000 as a second charge over a 11 month term at 1.75% per month.
If you have a funding requirement you’d like us to look at get in touch here.
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.