Monthly Archives: July 2016

BIG Moves, HFBS Has Changed Its Lending Criteria!

There have been big moves at the Holme Finance Bridging Solutions HQ.

We’ve changed our lending criteria.

Our market leading second charge rate of just 0.95% a month, previously available on advances over £100,000, is now available on advances from just £50,000.

Our maximum loan available on standard terms has now been increased from £200,000 to £250,000.

Big news, criteria change at HFBS.
Big news, criteria change at HFBS.

If you are genuinely looking for a lender not reliant on the whims of institutional lending, flexible and hungry, look no further.

Call Ian, Dan or David on 01724 865577.

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.

HFBS prides itself on being very different, filling a niche in the market to complement existing providers of short term finance and completing the more straight forward application without the need for solicitor involvement. Simpler, quicker, cheaper.

 

ADVANCE OF FUNDS DEVELOPS APARTMENT LIVING

Developer seeks out Holme Finance Bridging Solutions after financier refuses to release next stage of funds leaving the development of a block of flats in crisis.

Through no fault of his own the developer found himself vulnerable without the means to complete a schedule of works to complete his development.

Determined to avoid further delay he secured a £93,000 advance as a second charge from the HFBS team.

HFBS advance bridging loan to save development
HFBS advance bridging loan to save development

Ian Broadbent, director at Holme Finance Bridging Solutions says: “ The refusal from the initial financier to release the second stage of funds came as a complete shock to our client. The project could have quickly become a financial and personal crisis.

“After our assessment it was clear the client had a well thought out and costed schedule with a built in contingency. The block of flats was owned in a limited company name which meant we weren’t able to secure on that, nevertheless we were able to secure against a holiday let after a full valuation to allow this project to get back on track.”

Ian continues: “This was the first time he had heard of us, he was very surprised to learn we could agree such terms without the need for solicitors. He praised us highly for our speed, efficiency and ability to complete without two different sets of solicitors, which would have caused countless delays on the completion.”

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.

HFBS prides itself on being very different, filling a niche in the market to complement existing providers of short term finance and completing the more straight forward application without the need for solicitor involvement. Simpler, quicker, cheaper.

quick thinking from bridging loan lender Holme Finance Bridging Solutions.

JOINT BUSINESS VENTURE ON TRACK THANKS TO LOAN

A joint business venture that looked set to fail avoided delays thanks to quick thinking from bridging loan lender Holme Finance Bridging Solutions.

After failing to secure commercial development finance, and refusal from a mortgage lender to raise the funds via a Buy to Let property, the business venture hit a brick wall.

With workmen lined up and 95 thousand pounds needed to acquire the development and secure the business venture, delays were not an option.

Holme Finance were approached with the request for a 95k loan, which included clearing a 20k business loan which was secured on the client’s BTL; the balance of the funds were to purchase the building development project jointly with his business partner.

Ian Broadbent, Director at Holme Finance Business Solutions says: “Our client needed to complete as fast as possible to secure his new business venture and acquire the development plot. Due to the purpose of the capital raising it was a contract that was exempt from FCA regulation and so we were able to advance the full amount needed and within the timescales that he required to save the deal.”

HFBS cleared the small business loan directly and released the additional sum to the client by securing against the BTL property and cross charging the client’s own residential property. Due to the significant amount of equity in the client’s own home address.

HFBS were able to rely on a drive-by valuation helped to speed up the process and also saved the client over £500 in upfront fees.

Holme Finance Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. HFBS fill a niche in the market to complement existing providers of short term finance and completing the more straight forward application without the need for solicitor involvement. Simpler, quicker, cheaper.