24 hour bridging loan turnaround from Holme Finance Bridging Solutions sees client able to seize the opportunity of investing in a holiday business with a £35,000 short-term loan.
With a vacant investment property on the market for £160,000, but with no real opportunity for a quick sale, HFBS were approached to advance a loan quickly to allow the set-up of a holiday business before the summer peak period.
Dan Yendall-Collings at HFBS says: “We were approached by a broker who came to us knowing we could act quickly.
“We were satisfied with the investment property as security and happily provided the funds for the holiday let business.
“On this occasion we were able to complete and provide the funds within 24 hours – which has got to be a record! We paid the broker fee on the same day which left us with a very happy broker and equally happy client.”
HFBS received the enquiry on a Monday, sent the documents to the client the same day, and met the client the following morning to confirm terms. Tuesday afternoon the funds were transferred following confirmation of a 12 month term at a rate of 1.35% and all without the need for a valuation.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £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. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.