We thought we'd jump on the Black Friday bandwagon and present to you our very unique to HFBS offers

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.

Five Working Days Is All It Took To Provide Funding

An urgent need for funds to progress refurbishment works in a vacant investment property led broker to Holme Finance Bridging Solutions (HFBS).

In a deal that took only five working days to complete HFBS were able to approve, and fund, a small loan of fifty thousand pounds to get an investment property back in tip-top condition for a profitable sale.

HFBS were unable to secure the bridging loan against the buy-to-let property as it was mortgaged to 75% and valued in its run-down state leaving it with no significant equity or value to make it viable. However HFBS were able to secure against the client’s home address as a second charge.

Dan Yendall-Collings of HFBS commented: ” Unfortunately we weren’t able to secure against the investment property but the client’s home address had a very small mortgage and was valued well in excess of £1m which meant we were able to lend on a second charge. We were able to visit the client to complete the paperwork whilst we were waiting for confirmation of the first mortgage balance, thankfully that didn’t take too long and allowed us to pay-out the deal in just 5 working days.

“Repair and refurbishment works are now well underway and we are confident once complete the sale will be very swift and profitable.”

HFBS received the application on the 1st October and completed the funding in five working days paying out £50,000 as a second charge on the 7th October at a rate of 1.1% per month agreed with a 12 month term due to be repaid following the property sale.

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.

No shortage of monies to fund

SHORTAGE , WHAT SHORTAGE?

The Doom Mongers are out in force again! Cancel Christmas we are running out of chocolate, turkey, toys, Christmas trees! Our favourite is Pigs in Blankets, apparently we may have to make our own! 😂

Here at HFBS we are well on the way to our biggest post Covid lending month. We are very pleased to say there is no shortage of monies to fund. So much so we are making some exciting adjustments to our criteria – drum roll please:

AN INCREASE IN MAXIMUM LOAN TO £300,000

AN INCREASE IN THE AVAILABLE TERM TO 18 MONTHS

These may be moderate adjustments, however we pride ourselves on having never taken a back step on terms. If we ease terms they stay eased! All this in addition to our HUGE USP’s:

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.

EXCITED ? So are we! Ring today on 01724 865577 or email

When a BTL investor was refused a vital advance on his property for refurbishment works Holme Finance Bridging Solutions (HFBS) stepped in to fund what the mortgage lender rejected.

Bridging Loan Secures Profitable Re-sale Value

When a BTL investor was refused a vital advance on his property for refurbishment works Holme Finance Bridging Solutions (HFBS) stepped in to fund what the mortgage lender rejected.

Determined to complete the work, and quickly sell the property, the investor’s broker approached Holme Finance Bridging Solutions (HFBS) to approve the much-needed £50,000 funding to complete the required refurbishment.

Dan Yendall-Collings of HFBS commented: “The investment property had been let for many years and was in a very shabby state, but the valuation confirmed that making various improvements to the property would significantly increase the value by around £100,000. This feedback provided us with the confidence to go ahead and approve the funding.”

HFBS received the application on the 6th September and completed the funding in seven working days pending receipt of the mortgage lender’s redemption statement. HFBS were able to follow the existing BTL mortgage with a £50,000 second charge at 1.1% per month agreed with a 12 month term due to be repaid earlier pending property sale.

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.

Fast Turnaround To Ease Business Cash Flow

When HFBS received a call from Loans Warehouse to assist their client with a bridging loan, they knew time was of the essence to help with a cash flow blockage.

The enquiry for funding was logged last thing on Monday with a deadline of Friday that week. The client required £80,000 to urgently plug a cash flow gap and pay suppliers to his business.

With the intention to pay suppliers with proceeds from a property sale, it was clear that although a sale had been agreed it would not go through quick enough to release the funds required.

HFBS stepped in assured they would be able to turn the deal round very quickly.

Ian Broadbent of HFBS commented: “This was a straight forward case. We were able to use the client’s property as security. No valuation was necessary as it was on the market for £305,000 with the client producing a memorandum of sale for £300,000.”

Being first charge on the property HFBS didn’t need to wait for confirmation of a mortgage balance. The paperwork was with the client Tuesday morning, signed and sealed the next day and paid out Thursday morning taking less than 24 hours of working hours to complete.

The loan was agreed with a 12 month term although expected to be repaid within the next 3 months pending property sale at a rate of 0.99%.

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.

HFBS COMPLETES A THIRD CHARGE BUSINESS LOAN IN SIX WORKING DAYS

HFBS were recently approached by White Rose Finance on behalf of a client. The client had a pending second charge application which had been ongoing for several weeks when the proposed lender declined due to the inability to obtain the information they required from the first mortgagee.

On review it was clear that applying a little common sense not only could a deal be done but a third charge would be more cost effective for the client. The security was the clients own residence recently valued by the previous lenders valuer at £1,850,000. The client had a first mortgage balance of £416,000 and a current second of £100,000. The required loan was £100,000 to be used for an immediate cash injection to the business with the exit being the planned sale of the security. The loan was completed in six working days.

Ian Broadbent of HFBS commented “Whilst third charge lending is not particularly common it was clear on this occasion that it was both in the clients best interest and sound lending. A little flexibility was required in respect of the first mortgagees indebtedness however ‘common sense’ is where we shine. Working together with an excellent introducer this shows how a privately funded lender really can prove the best solution for a client.”

David Fine of White Rose Finance commented:  “This was a case we had struggled with for some time on consent issues but when HFBS took control they made all these problems disappear.

A phenomenally quick turnaround in the current lending environment from a thoroughly nice team as well!”

THE POWER OF TEAMWORK

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.

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

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.

Loosing Property Auction Deposit Wasn’t An OptionHolme 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.

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.  

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.

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.

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.