Holme Finance Bridging Solutions break their own record with a bridging loan

BREAKNECK SPEED DELIVERS FUNDING IN 48 HOURS

Holme Finance Bridging Solutions break their own record with a bridging loan agreed and funded in just less than 48 hours.

When the request came through via a broker to fund a client’s auction deposit of £26,000, HFBS sprang into action. From enquiry on a Wednesday afternoon HFBS hit the post the same day, confirmation of receipt and a meeting on Thursday, with the funding pack completed Friday morning and funds transferred by midday.

Dan Yendall-Collings, senior underwriter at Holme Finance Bridging Solutions says: “This has to be a HFBS record. We didn’t require a valuation, the client offered an existing BTL as security, the finance checks ran through smoothly. Everything just fell into place in plenty of time for the auction which was first thing the following Monday.”

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.

QUICK ACTION PREVENTS COLLAPSE OF PROPERTY PURCHASE

Quick action from HFBS prevents the collapse of a property purchase.

When a high street bank mortgage application could not complete in time to secure a property bought at auction Holme Finance Bridging Solutions (HFBS) stepped in without delay to fund the £80k deal.

QUICK ACTION PREVENTS COLLAPSE OF PROPERTY PURCHASE
The only way is up with HFBS.

HFBS were approached by a broker to step in and save the property purchase from collapsing and crucially avoid the penalty of losing a hefty deposit – but it had to be turned around within four days.

Dan Yendall-Collings, senior underwriter at Holme Finance Bridging Solutions says: “The client had already agreed one extension for the auction purchase and had been told that a further extension would not be possible. They had to complete on a set day or they would lose the deposit paid.

“We could see that whilst the initial mortgage application had progressed there was absolutely no way that they could complete as quickly as required. Luckily they had just received the valuation, which we were able to see and rely on. Based on this we were able to agree the deal against the purchase price of £155,000.”

HFBS received the deal request on a Friday, signed the client up on Monday and were ready to complete on Tuesday, one day ahead of the prescribed schedule. The purchase mortgage application was then adjusted to a remortgage application to clear the HFBS loan account.

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.

HFBS A Star service completes property purchase

HFBS ‘A’ Star Service Completes Property Purchase

Holme Finance Bridging Solutions (HFBS) ‘A’ star service completes property purchase by providing property developer with a first charge bridging loan for 68 thousand pounds.

HFBS A Star service completes property purchaseThe loan was required to purchase a three-bed semi detached house that had been converted into two flats. In a derelict state it was ripe as a development project to bring it back to a habitable state and profitable investment.

Contracts were exchanged with a delayed completion date set at six months allowing the renovation to begin in earnest to make the property habitable and therefore mortgageble.

Dan Yendall-Collings, senior underwriter at Holme Finance Bridging Solutions says: “In theory the delayed completion date would have enabled complete renovation works at which time upon completion a traditional mortgage route could be explored. However with several unexpected problems and delays the six-month period passed quickly. With the properties not quite completed, and the completion date looming, the developer’s broker approached us for a bridging loan.

Just days away from not being able to meet his commitment, and potentially giving the vender back two fully renovated flats for nothing, HFBS provided a £68,000 bridging loan against a valuation of £137,500 within seven days enabling the developer to complete on the purchase as agreed and organise refinance once he had secured tenants for both units.

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.

Holme Finance Bridging Solutions (HFBS) turn a bridging loan for £59,545 around in three days.

THREE-DAY TURNAROUND SAVES DEFAULT PENALTY

Holme Finance Bridging Solutions (HFBS) turn a bridging loan for £59,545 around in three days to save a property developer incurring a £7,000 default fee from existing lender.Holme Finance Bridging Solutions (HFBS) turn a bridging loan for £59,545 around in three days.

HFBS were approached with the irregular request to re-bridge an existing bridging loan. With funds already borrowed to complete an investment property renovation and a sale agreed all was well until the buyer backed out.

Ian Broadbent, director at Holme Finance Bridging Solutions says: “Usually we would be incredibly cautious when looking at re-bridging a bridge that has failed, but it was clear to see the developer was simply in an unfortunate situation. His buyer had backed out leaving him three days away from his loan deadline with a fee of £7,000 added should he fail to settle.”

With another buyer lined up the developer was confident of a sale but knew it would be impossible to complete within three days. The client had done all the right things by keeping in touch with his existing lender, however weighing up the overall cost he realised that taking an account with HFBS was considerably better for him than defaulting or extending with his existing lender.

“The completed development was top quality and had been marketed aggressively to line up a back-up sale immediately. As there was another sale agreed we obtained confirmation of the sale price from the solicitor, had the sales agent particulars and comparables all stacked up, which left us happy to fund £59,545 as a second charge of £196,527 with a sale agreed at £463,000.”

The deadline for the client’s existing lender receiving funds was 4pm on Friday the 1st of June. HFBS issued documents to the client on Wednesday 30th of May. Visited the development on Thursday the 31st of May and paid out on Friday the 1st of June in time for the 4pm default deadline, all without the need for a full valuation.

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.

HFBS Scores with a 0.95% Rate

HFBS score with a 0.95% rate for both first and second charge lending helping brokers get one step closer to a done deal.

Whilst year on year volumes have been on the up HFBS is delighted to confirm a further significant increase in funding.

This will be reflected in a more aggressive use of our 0.95% monthly rate for both first AND second charge lending!

Minimum loan size for this rate is to be dropped to £60,000 with a flexible view on moderate adverse taken and consideration given to commercial /semi-commercial at strong LTV’s.

Together with our NO solicitor, incredibly quick completion, and second charge with no consent once again HFBS is taking a market lead.

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.

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Here at HFBS we take our customers and partners confidentiality seriously.

we take privacy seriouslyThe 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.

HFBS are matchball sponsors

Will it be a Wembley final for Scunthorpe FC?

HFBS are HFBS are matchball sponsors Matchball sponsors for Saturday’s huge clash and local derby with Rotherham United FC in the 1st leg of the League One Play-Off Semi-finals.

Excitement is building at HFBS HQ for the Scunthorpe game and we’re very much hoping to see them make the play-off final at Wembley Stadium on Sunday May 27th and reach the ultimate goal of securing their place in the Championship.

“Up The Iron” you can do it.
debt free retirement plan

DEBT FREE RETIREMENT PLAN ACHIEVED WITH BRIDGING LOAN

Holme Finance Bridging Solution approves second charge loan of fifty thousand pounds to kick-start a debt free retirement plan.

debt free retirement planThe 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

Best Specialist Lender category of the Financial Reporter Awards 2018.

HFBS REVEALED AS BEST SPECIALIST LENDER FINALISTS

The votes are in and Holme Finance Bridging Solutions (HFBS) are very proud to announce they are finalists in the Best Specialist Lender category of the Financial Reporter Awards 2018.

Best Specialist Lender category of the Financial Reporter Awards 2018.Ian Broadbent, director at Holme Finance Bridging Solutions says: “We are incredibly proud to be in the finals of this very prestigious industry award. We must say a huge thank you to all of those voters who took the time to put our name forward, without support from our peers we wouldn’t be here.”

The Financial Reporter Awards returns for its ninth year in its role as the most transparent and highly-regarded awards programme in the industry. Developed to support a changing industry by promoting good practice and excellent service, the Financial Reporter Awards provide an incentive for firms to go above and beyond and be rewarded for it by those who know best – the intermediaries. Without a panel or judges, the awards truly represent the industry’s opinion on who deserves to be recognised.

HFBS go through to the finals where one deserving business or individual in each category will be crowned the winner at the Financial Reporter Awards party on the 15th May – watch this space.

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.

renovation loan

Specialist Renovation Goes Ahead with Bridging Loan

Holme Finance Bridging Solutions agrees a £240,000 finance deal for the luxury renovation of a residential timber framed and clad grade two listed barn.

The barn required a programme of specialist renovation and refurbishment works to bring the property up to scratch for a profitable re-sale. However, after approaching more customary finance channels the owners discovered they would not be able to secure a loan due to the non-traditional construction of the property.

Dan Yendall-Collings, senior underwriter at HFBS says: “We were sure we could help get this project started, the property was of sound build, nothing structurally wrong, but due to the amount of work and the specialist nature of the renovations required, we did have to have the property valued. In its pre-renovation state the property itself wasn’t suitable as security but we confirmed a deal after agreeing a comfort charge on the client’s home address instead.”

Provided with 12-month roll-up terms HFBS approved a non-regulated deal using the business exemption route based on the client’s profession as a professional builder and developer and 100% of funds being used for that purpose.

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.