Monthly Archives: September 2016

short term loan

Short Term Loan Marks A First

Helping business woman and entrepreneur get a property venture up and running Holme Finance Bridging Solutions fund their first second charge short-term loan of £50,000 under the new criteria of 0.95% per month.

Already committed to purchasing the property the client had every intention of funding the purchase of a HMO through her limited company, but that process was taking far too long to deliver.

HFBS advanced £50,000 as a second charge on her own home, completed the paperwork and delivered the funds within one week.

Ian Broadbent, Director at HFBS says: “In this situation the funding stream was taking much longer than anticipated. We were happy to go ahead based on our client’s ability to demonstrate that she knew what she was doing with well thought out contingency plans and the security of plenty of equity and a good credit rating.

Commercial funding secured on the HMO is expected to come through during the next month or so at which point our account will be cleared within the agreed timeframe leaving us with a happy client and broker relationship.”

With an average completion 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 the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £50,000. 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.

instant decisions

Brokers Prefer Instant Decisions

Contrary to popular opinion the appetite for investment property post Brexit remains strong. Unlike many lenders whose immediate reaction was to withdraw funding or impose significant changes in criteria Holme Finance Bridging Solutions (HFBS) recognise both brokers and their clients need stability which is why their sensible approach to underwriting is simply a prefered solution.

HFBS provide clear underwriting guidance, make instant decisions and, importantly, haven’t imposed changes in criteria on pipeline deals or failed to honour an agreed advance. This winning formula for the company has seen a steep increase in broker approaches and record lending levels achieved in July.

With an average completion 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.

Ian Broadbent, Director at HFBS says: “We are in the business of supporting our brokers and  individual clients with a genuine short term need and consistent, reliable lending decisions are key. A lot of lenders ran for hills post referendum but we haven’t because demand is there and we’re simply giving our brokers what they want – a good working relationship, quick turnaround of funds, and simplicity.”

HFBS offer the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £50,000. 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.