”Thank you to Ian and the HFBS team for organising a 65k bridging loan for a client in less than 24 hours! Can’t thank you enough for the speedy service.” Anthony Coleman, FinSpace Group.
How did HFBS do it? Read about the process here:
Friday 11th March 2022
1PM one of our key introducers, Anthony at FinSpace Group called to discuss a potential bridge. The client was looking for £65,000 secured as second legal mortgage over a HMO. The property was valued in June 2021 at £770,000 with a current first mortgage balance of £320,000. Super fast completion was required and we discussed terms on a verbal basis.
4.05PM the introducer emailed confirming the client wished to proceed and providing a brief synopsis, copy of the valuation carried out in June 2021 and consent to call the client.
4.45PM in view of the urgency ( and despite the pubs being open ) our director called the client and spent 45 minutes discussing the clients requirement, collating information and confirming our process. The next hour was spent carrying out initial due diligence.
Monday 14th March 2022:
9.30AM contracts were emailed to the client to review.
10.0AM the client called to confirm he (and the co-borrower) were happy with the terms and were on the way to our offices.
11AM the clients attend our offices to complete the paperwork (generally we visit the client however this was quicker on this occasion).
12.15PM the paperwork is completed and the client leaves the office to head home whilst we continue the due diligence.
2.45PM we carried out our final security ‘speak with’.
3.19PM funds were transferred to the clients account.
A funding record!