Monthly Archives: October 2015

small loans

NIMBLE APPROACH TO ADD WOW FACTOR

When first time property investor overspent on a profitable refurbishment project, she was left short of available cash to complete the property for sale.

After approaching several lenders who were willing to lend money, but nothing as small as five thousand pounds – preferring to loan a minimum amount of 25 thousand pounds minimum, she turned to Holme Bridging Finance Solutions to complete the job.

Ian Broadbent, director at HFBS says: “It was clear the development only needed five thousand pounds to see it to a very profitable completion, which was a win, win situation for our client and our return. We are the only bridging company to provide such small loans and are very happy to provide it. We would never encourage a client to borrow more than they need.

HFBS were able to approve and transfer funds within seven days without reference to restrictive rules often placed on lenders by their own funding, no solicitor involvement, resulting in a quicker and maximum return for the client.

HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years. With no bank or hedge fund borrowings they have complete authority to lend in a flexible manner, unlike many of their competitors, to meet a client’s needs.

FLEXIBLE FUNDING HOLDS THE KEY TO 3 DAY COMPLETION

Three-day completion on bridging loan saves investor from defaulting on sale contract thanks to the express mobilisation of Holme Finance Bridging Solutions.

Ian Broadbent, director at HFBS says: “We frequently fund auction purchases but this deal was slightly different. Our client was left high and dry; he had bought a property at auction and became aware his lender would not be able to deliver, certainly not within the time he required.

In fear of losing his deposit and the prospect of suffering penalties for defaulting we met with our client and were satisfied with the equity in the security address – there was no need or reason to delay further.”

With only four days to complete Holme Bridging Finance Solutions met with their client, inspected the property, and with the benefit of their individual approach, they were able to provide the relevant documentation and cleared funds to their client’s solicitor with one day to spare!

HFBS were able to approve and transfer funds within three days without reference to restrictive rules often placed on lenders by their own funding, no solicitor involvement, resulting in a quicker and maximum return for the client. Flexible funding is one thing we do well.

HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years. With no bank or hedge fund borrowings they have complete authority to lend in a flexible manner, unlike many of their competitors, to meet a client’s needs.

re-location

FUNDING FUELS BUSINESS VENTURE FOR RE-LOCATION

Holme Finance Bridging Solutions makes re-location from London a reality with a modest 20k bridging loan for a client with a view on his future business horizons in sunny Cornwall.

Mr M was in full time studies living off the rental income provided through his Buy to Let property in London. Upon graduating, and with a burning business idea to get his business idea off the ground, he was firmly focused on a quick re-location and required only a small amount of capital to re-locate and invest in the start-up whilst his London property sold.

Ian Broadbent, director at HFBS says: “Obtaining the loan couldn’t have been more simple. A straightforward first charge on his investment property, a two-page application form, no need for solicitors or a valuation, no upfront costs and a flexible approach to the size of advance required meant that we could meet his needs in just seven days.”

HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years. With no bank or hedge fund borrowings they have complete authority to lend in a flexible manner, unlike many of their competitors, to meet a client’s needs.

HFBS prides itself on being very different. Whether it is a smaller advance, a swift decision, a flexible approach or market leading completion times that are required – HFBS responds.