Holme Finance Bridging Solution approves second charge loan of fifty thousand pounds to kick-start a debt free retirement plan.
The plan included closing a business and selling a county estate but unable to gain an unsecured loan or any assistance from their own bank due to a downsizing plan that would leave them unable to commitment to a monthly plan they approached HFBS.
The estate was already on the market but the clients wanted to close their business correctly. Some outstanding business debts needed attending to and their clients wanted everything in order before the end of the tax year. Raising a £50,000 loan would secure the whole estate by way of second charge for business purposes.
Dan Yendall-Collings, senior underwriter at HFBS says: “As the property was already on the market we were able to see that there was a significant amount of equity. We were able to move forward without the need for a valuation allowing the client to complete their retirement and downsizing plans without defaulting on credit or letting down business partners that they had worked with for over 30 years.”
Offered at a rate of 1.1% per month and turned around within six days HFBS advanced the loan on a 12 month roll-up basis allowing clients to downsize into a more manageable property and enabling them to enjoy a debt free retirement.
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. #FRA18