Monthly Archives: October 2016

BRIDGING LOAN MAKES IT HAPPEN

BRIDGING LOAN MAKES IT HAPPEN

Holme Finance Bridging Solutions turnaround a second charge loan of £250,000 in days to save their client from amplified pressure and considerable embarrassment on a business deal.

The delay of a house sale had left a property developer short of funds to complete essential structural and renovation work at an investment property.

With tenants ready and waiting to move in, and builders’ invoices to pay, further work was critical to the success of the project and needed to be accelerated to reach a satisfactory conclusion for all parties.

Moving the project to its final stages the developer’s broker approached HFBS to bridge the gap.

Ian Broadbent, Director at HFBS says: “Regardless of good plans, anything can happen, especially when developing property. We knew we could make it happen for the client and so did the broker, who approached us having dealt with us many times before knowing we act quickly and make instant decisions.

“With significant equity in the property being sold we were able to rely on an estate agents valuation to sign the deal. Completion and funds in the bank took less than a week leaving our broker happy and property developer able to complete the project.”

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 £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.

Bridging finance from Holme Finance Bridging Solutions

Market Comment from Holme Finance Bridging Solutions

“Carry on regardless seems to be sentiment – and no I’m not talking about the Carry On film” says Ian Broadbent, director at Holme Finance Bridging Solutions.

“I’m sure it hasn’t escaped you but landlords have been slammed with a raft of tax changes; a three per cent rise in stamp duty, removal of the flat-rate 10 per cent “wear and tear” tax deduction, and by 2020 home owners will no longer be able to deduct mortgage interest from their tax bills.

“What might seem like an attack on the investor buy-to-let market hasn’t actually resulted in deflated property entrepreneurs, or certainly not in our experience.

“Granted the new wave of regulations may have created more reservations amongst the larger investor but smaller investors are gladly picking off the opportunities.

“The property portal Rightmove has revealed that enquiries on its website from would-be investors rose by 30 per cent between June and September. It says that the number of new properties being offered for rent rose six per cent nationally and 15 per cent in London during this period.

“Our smaller property investors still see property as an attractive investment at a time of low interest rates and volatile stock markets. Which is great news for us as the smaller investor is where we specialise. So if you’re looking for certainty in this uncertain market we’re your ideal bridging partner.”

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 are making bridging loans really easy

Making Bridging Loans Really Easy

HFBS are making bridging loans really easy by helping those brokers who have been let down by their lender.

Has your lender let you down? Is your lender straining your client relationship? Do you really want to start from scratch again?

HFBS are making bridging loans really easy

 

 

 

 

 

HFBS provide clear underwriting guidance, make instant decisions, and haven’t imposed changes in criteria on pipeline deals or failed to honour an agreed advance. The company ethos is to support brokers and individual clients with a genuine short term need and consistent reliable lending decisions.


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.

•    LOWEST 2nd mortgage rates in the bridging finance market starting at just 0.95% month


•    In most cases NO solicitor involvement


•    Lending without first mortgage consent


•    Average completion less than 7 days from enquiry to money in the bank 


•    NO minimum valuation


•    Advances from £5,000


•    Entirely privately funded, no bank mandates, no fixed rules



Simpler, quicker, cheaper.