We thought we’d jump on the Black Friday bandwagon and present to you our very unique to HFBS offers.
AN INCREASE IN MAXIMUM LOAN TO £300,000
AN INCREASE IN THE AVAILABLE TERM TO 18 MONTHS
NO SOLICITORS REQUIRED ON EITHER SIDE IN MOST CASES
THE MAJORITY OF APPLICATIONS COMPLETED WITHOUT THE NEED FOR A VALUATION
EQUITABLE CHARGES BEHIND MOST FIRST MORTGAGEES
A MINIMUM LOAN SIZE OF JUST £5,000
AVERAGE COMPLETION FROM DAY 1 ENQUIRY JUST 7 DAYS.
If you like the sound on this and have a funding requirement ring today on 01724 865577 or email us at firstname.lastname@example.org
HFBS offer one of the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. As a privately funded lender we can make immediate decisions and, in most cases, complete without the aid of solicitors. We are also happy to consider the ‘quirkier’ deals or those outside our terms. Think of our advances as a secured loan only shorter! Simpler, quicker, cheaper.
An urgent need for funds to progress refurbishment works in a vacant investment property led broker to Holme Finance Bridging Solutions (HFBS).
In a deal that took only five working days to complete HFBS were able to approve, and fund, a small loan of fifty thousand pounds to get an investment property back in tip-top condition for a profitable sale.
HFBS were unable to secure the bridging loan against the buy-to-let property as it was mortgaged to 75% and valued in its run-down state leaving it with no significant equity or value to make it viable. However HFBS were able to secure against the client’s home address as a second charge.
Dan Yendall-Collings of HFBS commented: ” Unfortunately we weren’t able to secure against the investment property but the client’s home address had a very small mortgage and was valued well in excess of £1m which meant we were able to lend on a second charge. We were able to visit the client to complete the paperwork whilst we were waiting for confirmation of the first mortgage balance, thankfully that didn’t take too long and allowed us to pay-out the deal in just 5 working days.
“Repair and refurbishment works are now well underway and we are confident once complete the sale will be very swift and profitable.”
HFBS received the application on the 1st October and completed the funding in five working days paying out £50,000 as a second charge on the 7th October at a rate of 1.1% per month agreed with a 12 month term due to be repaid following the property sale.
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.
Simpler, quicker, cheaper.