HFBS are matchball sponsors

Will it be a Wembley final for Scunthorpe FC?

HFBS are HFBS are matchball sponsors Matchball sponsors for Saturday’s huge clash and local derby with Rotherham United FC in the 1st leg of the League One Play-Off Semi-finals.

Excitement is building at HFBS HQ for the Scunthorpe game and we’re very much hoping to see them make the play-off final at Wembley Stadium on Sunday May 27th and reach the ultimate goal of securing their place in the Championship.

“Up The Iron” you can do it.
debt free retirement plan

DEBT FREE RETIREMENT PLAN ACHIEVED WITH BRIDGING LOAN

Holme Finance Bridging Solution approves second charge loan of fifty thousand pounds to kick-start a debt free retirement plan.

debt free retirement planThe plan included closing a business and selling a county estate but unable to gain an unsecured loan or any assistance from their own bank due to a downsizing plan that would leave them unable to commitment to a monthly plan they approached HFBS.

The estate was already on the market but the clients wanted to close their business correctly. Some outstanding business debts needed attending to and their clients wanted everything in order before the end of the tax year. Raising a £50,000 loan would secure the whole estate by way of second charge for business purposes.

Dan Yendall-Collings, senior underwriter at HFBS says: “As the property was already on the market we were able to see that there was a significant amount of equity. We were able to move forward without the need for a valuation allowing the client to complete their retirement and downsizing plans without defaulting on credit or letting down business partners that they had worked with for over 30 years.”

Offered at a rate of 1.1% per month and turned around within six days HFBS advanced the loan on a 12 month roll-up basis allowing clients to downsize into a more manageable property and enabling them to enjoy a debt free retirement.

With an average completion taking 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 one 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. #FRA18

Best Specialist Lender category of the Financial Reporter Awards 2018.

HFBS REVEALED AS BEST SPECIALIST LENDER FINALISTS

The votes are in and Holme Finance Bridging Solutions (HFBS) are very proud to announce they are finalists in the Best Specialist Lender category of the Financial Reporter Awards 2018.

Best Specialist Lender category of the Financial Reporter Awards 2018.Ian Broadbent, director at Holme Finance Bridging Solutions says: “We are incredibly proud to be in the finals of this very prestigious industry award. We must say a huge thank you to all of those voters who took the time to put our name forward, without support from our peers we wouldn’t be here.”

The Financial Reporter Awards returns for its ninth year in its role as the most transparent and highly-regarded awards programme in the industry. Developed to support a changing industry by promoting good practice and excellent service, the Financial Reporter Awards provide an incentive for firms to go above and beyond and be rewarded for it by those who know best – the intermediaries. Without a panel or judges, the awards truly represent the industry’s opinion on who deserves to be recognised.

HFBS go through to the finals where one deserving business or individual in each category will be crowned the winner at the Financial Reporter Awards party on the 15th May – watch this space.

With an average completion taking 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 one 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.

renovation loan

Specialist Renovation Goes Ahead with Bridging Loan

Holme Finance Bridging Solutions agrees a £240,000 finance deal for the luxury renovation of a residential timber framed and clad grade two listed barn.

The barn required a programme of specialist renovation and refurbishment works to bring the property up to scratch for a profitable re-sale. However, after approaching more customary finance channels the owners discovered they would not be able to secure a loan due to the non-traditional construction of the property.

Dan Yendall-Collings, senior underwriter at HFBS says: “We were sure we could help get this project started, the property was of sound build, nothing structurally wrong, but due to the amount of work and the specialist nature of the renovations required, we did have to have the property valued. In its pre-renovation state the property itself wasn’t suitable as security but we confirmed a deal after agreeing a comfort charge on the client’s home address instead.”

Provided with 12-month roll-up terms HFBS approved a non-regulated deal using the business exemption route based on the client’s profession as a professional builder and developer and 100% of funds being used for that purpose.

With an average completion taking 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 one 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.

 

3 DAY DEAL TURNAROUND GETS DEVELOPMENT OVER THE LINE

3 DAY DEAL TURNAROUND GETS DEVELOPMENT OVER THE LINE

A 3 day deal turnaround gets development over the line. Completing the the one hundred thousand pound bridging deal saw a bungalow development progressed successfully to completion thanks to Holme Finance Bridging Solutions (HFBS).

3 DAY DEAL TURNAROUND GETS DEVELOPMENT OVER THE LINE

Having developed two detached bungalows with funds from a private funder the developer required a further twenty thousand pounds to complete external works, such as landscaping and driveways to both properties, to present the completed development in tip top condition for sale.

Unfortunately the initial funder wasn’t able to advance the additional funds required so bridging loan specialists HFBS were approached to fund the final stages.

Dan Yendall-Collings, senior underwriter at HFBS says: “We weren’t able to follow the private first charge on the site as a second, however we did redeem the existing first charge account directly and raised the additional £20,000 for the client. The two properties were both complete when we visited the site, which meant we were able to see clearly that they were finished to an extremely high standard. This was backed up by an estate agents appraisal which was in excess of £750,000, so we were happy to proceed without the need for a full valuation.”

HFBS Received the deal on Thursday the 1st February visited the site on Friday the 2nd to sign up the client and view the completed properties. Monday the 5th of February the redemption figure from the existing lender was received and HFBS paid out the same day.

With an average completion taking 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 one 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.

HFBS Make Life Easier for Brokers

Making life easy for brokers HFBS are taking the frustration out of the whole process.

HFBS make it easier for brokers
Does your lender frustrate you? Time to switch to a straightforward partnership.

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!

As a lender we have also developed a close relationship with many other niche funders and wealthy private individuals enabling us to place some of the larger applications we receive, at very attractive terms. A valuable addition to some of the more restrictive options available through the large national lenders.

Our ethos is to keep things simple and our product range reflects this. We will lend for any legal purpose with any viable repayment plan. We only accept applications from professional financial intermediaries and therefore do not complete with our introducers.

Instant decisions and quick funds ensure you’ll never loose a deal. Simpler, quicker, cheaper.

The job of the broker could be about to become a lot harder

The job of the broker could be about to become a lot harder

The job of the broker could be about to become a lot harder if the recent headlines suggesting bridging rates are predicted to go as low as 0.2% per month.

The headline isThe job of the broker could be about to become a lot harder a little surprising and potentially concerning. My first instinct is that it’s unlikely to happen, however if it does will it truly be a 0.2% rate as discussed at the FIBA conference.

A lender has to profit somewhere! A super cheap headline rate is one thing but bridging finance is very rarely rate alone.

There are many questions to ask; What are the upfront fees? What are the exit fees? Are there ‘hidden’ costs such as application fees or inflated valuation fees, or ‘enhanced’ legal costs? It doesn’t stop there either, be clear on the associated costs of collecting on debts in default, and clarify if the initial rate is simply discounted reverting to a far higher rate in default.

Taking this at face value, let’s assume this really is the deal of the century. Is this rate really for risk or simply a knee jerk reaction to an ever more crowded market? I personally think the later. We all know from recent experience that failing to price for risk does not lead to a long term sustainable market. Richard Deacon, sales director at Masthaven Bank was quoted in Bridging and Commercial as saying  “…but it’s all about the risk element and the risk to lenders, ourselves on the panel and the other lenders in the room as well…”

It most certainly is all about the risk and ensuring the market is pricing that risk. Lending at higher LTV’s, accepting poor credit ratings, failing to properly consider exit strategies, and reducing rates to ridiculous levels is all reminiscent of the non-conformist mortgage market and its subsequent crash.

Rates together with other criteria have to be assessed properly for a long term sustainable bridging market. At HFBS we continue to service a ‘niche’ end of the bridging market with properly considered criteria and a clear fee structure at sensible risk inspired rates.

As a lender that has been in the bridging market longer than most we have built our business on calculated risks rather than gambling to develop   consistency and fairness in a niche market.

Only time will tell with other lenders but I fear if underwriting and proper pricing for risk continues to suffer then lenders will disappear and only poorer client outcomes will result.

Eco home completed with bridging loan

ECO HOME COMPLETED WITH BRIDGING LOAN

Eco home completed with bridging loan from Holme Finance Bridging Solutions (HFBS) as it approves a thirty thousand pound development loan for the completion of the Eco home completed with bridging loanprefabricated home.

Approached by a successful property developer and experienced builder with a good track record, HFBS provided the loan to complete the internal fixings and decoration of a Scandinavian prefabricated four bedroomed detached home.

Dan Yendall-Collings, senior underwriter at HFBS says: “The client had purchased a plot of land for £60,000 as an investment. He paid cash for the land and bought a Scandinavian prefabricated house online for £30,000. The site went from bare land to a fully watertight building in just two days. However the internal completion stalled due to the client’s previous channel of development funding pulling out of the market. We were approached for a net loan of £30,000 required to complete the internal fixings and decoration.”

HFBS visited the site and carried out a full valuation. The site was valued at £150,000, with an end valuation of £375,000 upon completion of the development.

Dan continues: “Given the valuation we were happy to provide funding where other lenders were not. We had the deal done from application to transfer of funds within seven days.”

With an average completion taking 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 one 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.

LOAN CLEARS TAX LIABILITY JUST IN TIME

Holme Finance Bridging Solutions (HFBS) loan clears tax liability just in time.

HFBS approves a thirty thousand pound loan to solve a short-term cash flow problem and urgently clear a tax liability.

The request to raise £30,000 as a second charge to clear a tax bill came at short notice when the sale of an investment property sale fell through leaving two weeks to agree terms and pay the outstanding tax bill.

The property sale would have comfortably cleared the tax liability in good time, instead the owner was left with a looming payment deadline and no way of raising the funds required in such a short space of time.

Dan Yendall-Collings, senior underwriter at HFBS says: “Whilst this was tight we were confident we could step in and help. Having met with the client at the security address and being able to see the sales particulars, we were confident that we would be lending well below 50% LTV which meant we could lend without the need for a full mortgage valuation.

However the first mortgagee on the security address had a flexible account with an all monies charge. This meant a written confirmation of their maximum liability under that charge was necessary; this took two days to materialize. Nevertheless we still completed within our client’s timeframe and the matter completed successfully in just eight days.”

With an average completion taking 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 one 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.