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
UNCONVENTIONAL PROPERTY REQUIRES UNCONVENTIONAL FINANCE
Struggling to raise finance by conventional means, Holme Finance Bridging Solutions (HFBS) were approached to assist in helping a property developer complete a programme of renovations on an unconventional property build before letting the property out.
Not being of traditional brick and tile construction meant the developer was limited to the amount of standard lenders willing to take on the case. Adding to complications, it had been vacant for a number of years and required considerable renovation works to make it habitable from its semi-derelict state.
Dan Yendall-Collings, senior underwriter at HFBS says: “Conventional lenders wouldn’t look at this short term deal but we were willing to take a closer look. Purchased for £95,000 cash, £50,000 was required to get the property ready for a tenant. After meeting with the client and viewing the property, we were confident that the developer’s fully costed schedule of works were realistic and achievable and happy to lend to get the project complete and viable for a longer term refinancing option.”
HFBS required a valuation in this instance but once complete and satisfied with the feasibility of the works proposed a two-stage drawdown plan was agreed. Starting with an initial net advance of £25,000, the second account would be provided once stipulated works carried out are completed subject to HFBS inspection. The loan agreed is over a 12 month term at a rate of 1.35% per month to be paid once the property is successfully re-financed.
With an average completion taking less than seven days from enquiry to money in the bank, no solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, HFBS really mean business.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £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. Simpler, quicker, cheaper.
Fast Acting Finance Rescues Property Development
Holme Finance Bridging Solutions (HFBS) quick thinking and speed of advance on a 70 thousand pound loan didn’t just save a development project but ensured the developer didn’t pay crippling default fees on an existing loan.
A broker looking for a solution in a hurry approached HFBS. Speed was of the essence as the client had an existing bridging loan account due to go into default.
Ian Broadbent, director at HFBS says: “Due to unforeseen delays in the building project the developer was heading for an horrific default rate, and hefty fees. He was almost there with the property development but required peace of mind he wouldn’t be increasing his debt to an unmanageable level. There was also the additional requirement of an additional £9,000 to complete minor works and prepare the property for sale. Many companies would shy away from this kind of deal, but given the facts we were confident in the client’s ability get the project completed.”
HFBS were able to view the security address. The works were very well progressed and those completed were done so to a very high standard. In total a 70k net loan was advanced allowing the property to be completed for sale with the additional breathing space of a further 12 months to get a sale through.
With an average completion taking less than seven days from enquiry to money in the bank, no solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, HFBS really mean business.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £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. Simpler, quicker, cheaper.
Cash Flow Bottle Neck Eased With Quick Action
Holme Finance Bridging Solutions (HFBS) unique ability to complete quickly comes into its own again!
The deal was for a gross loan of £43,494 over 12 months at 1.35% month secured as a second legal mortgage over a buy to let with an estimated valuation of £700,000 and 1st mortgage balance of £225,000. Funds were required to ease a cash flow bottleneck allowing the introducer’s client to settle urgent payment of a tax bill
Ian Broadbent, director at HFBS says: “The broker approached us with an initial enquiry very late on the 16th at which point we provided immediate terms. The following day we received confirmation and the necessary approvals that the client was keen to progress with the bridging loan, we immediately requested the settlement figure from the first mortgagee with funds transferred to the client first thing on the 23rd October.”
Chris Warner, commercial mortgage broker at First 4 Commercial says: “I cannot speak highly enough of the guys over at HFBS. This case in particular has taken three working days from initial enquiry to funds in the clients account! Fast, effective bridging whenever my clients need it. Happy clients = Happy broker.”
With an average completion taking less than seven days from enquiry to money in the bank, no solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, HFBS really mean business.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £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. Simpler, quicker, cheaper.
Your Privacy is Important
Here at HFBS we take our customers and partners confidentiality seriously.
The new Data Protection Bill and the EU General Data Protection Regulation is now in place and has ensured laws regarding data protection are more relevant and appropriate for our digital society.
Given this change we wanted to take this opportunity to let you know how we use your personal data.
Everything you need to know is outlined within our Privacy Policy, please take the time to read it, and if you have any queries or concerns don’t hesitate to call.
Read our Privacy Policy here.
