Holme Finance Bridging Soltuions (HFBS) are experts when it comes to the smaller bridging loan and have been working on an semi-exclusive basis with some of the largest specialist intermediaries in short-term lending for over 20 years.
With advances from just £10,000 up to £250,00, and rates from just 0.95% per month the HFBS system is designed to avoid the use of solicitors. In addition to this many complete without the need for physical valuation ensuring 70% of applications complete within a maximum of 10 days. This significantly reduces costs and makes the ‘smaller’ bridge much more viable.
Ian Broadbent, director at HFBS says: “Most customers really value our unique way of providing finance and our ethos of providing simple, quick small loans without solicitor involvement. Our application form is a simple two pages, there is no minimum valuation, no maximum adverse, and second charge is available without first mortgagee consent, all we ask is that the client has adequate security and a sensible exit strategy.”
HFBS is entirely privately funded and has complete authority over lending policy allowing for a ‘common sense’ approach to a clients needs.
No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Following on from our last news referring to the flying start made since our return on the 11th May 2020 we are delighted to list more of the cases we have completed in the last week.
The following cases were received as new applications on or after the 11th May:
The client had been impacted by Covid 19 and exit plans for his existing bridging finance had been delayed meaning he required a lender with a flexible approach to re-bridging. We advanced £97,999 at 1.35% mth over 12 months with interest to be ‘rolled up’ secured by second legal mortgage over an investment property. The valuation was established by a combination of AVM and our own inspection.
The client is self employed as a property manager and short term income has been impacted by Covid 19. We advanced £52,395 at 1.25% month over 12 months secured as first legal mortgage for business cashflow purposes. The security was a residential BTL estimated at £150,000 . Valuation was established solely by AVM only.
Mr & Mrs S
The clients were looking for a moderate advance to invest in their business and secure a major contract. We advanced £28,975 at 1.5% month over 12 months secured by second legal mortgage with interest rolled up. The security was a residential BTL estimated at £300,000 with an existing mortgage of £107,000. Valuation was established by AVM only.
Mr & Mrs C
The clients had an existing bridging loan however they required more time to secure an exit and significant additional borrowing for a business opportunity. We advanced £153,895 at 1.1% month over 12 months with interest to be ‘rolled up’ secured by second legal mortgage over the clients’ home address. The valuation was established by a combination of AVM, agents proposed sales estimate and our own inspection.
Ian Broadbent, direct at HFBS says: “It looks like lockdown was a distant memory! People are so keen for bridging and keen to get ahead with their plans. The bridging business is facilitating those plans and people, especially our brokers are appreciating our quick and uncomplicated ways of working.”
For a lender with genuine USP’s and an urgency that matches your clients why not give us a try ?