Uninterrupted Service Whilst Demand Remains

Dear Introducer,

As you will be aware we have significant USP’s particularly in respect of our processes which allow for industry leading completion times. These rely heavily on our ability to be office based and we are therefore delighted to be included (as a short term lender) in the government’s exceptions to the ‘stay at home’ message.

We know how disruptive a third major lock down is likely to be and it is with this in mind we wish to assure our valued introducers that we WILL continue to provide a completely uninterrupted service whilst a demand remains.

We will NOT be amending criteria, nor will we be changing our process.

In short we at HFBS recognise we have the best supporting intermediaries in the industry and are committed to supporting you through this difficult time.

Feel free to get in touch on sales@hfbridging.co.uk

We look forward to receiving your enquiries.

Welcome to 2021 from HFBS

New year new plans, resolutions and ambitions. Welcome to 2021, let’s hope it’s a better one for all of us!

 

What better opportunity than our first week back to remind you of our small bridge offer.

As one of the first to the sector we have worked on a semi-exclusive basis with some of the largest specialist intermediaries in short term lending for over 20 years.

And because we are entirely privately funded we have complete authority over lending policy, which allows for a more ‘common sense’ approach to our clients’ needs.

Give us a try, 70% of applications are funded within 10 days of initial enquiry with many completing in just three.

Email sales@hfbridging.co.uk or call 01724 865577.

Merry Christmas from HFBS

Merry Christmas from HFBS

We would really like to take this opportunity to say thank you for your support during 2020.

What a year!

Merry Christmas to you! Here’s looking forwad to making 2021 a successful and prosperous one for us all.

We’re very much looking forward to doing what we do best, providing lightening quick bridging loans, and working with you during 2021.

Our office will close on Tuesday the 22nd of December but we never really switch off, so aside of Christmas Day, we will be on-hand to help you out in your hour of need.

Our office re-opens on Monday the 4th of January 2021.

Contact sales@hfbridging.co.uk to discuss your funding needs.

NATIONAL LOCKDOWN – HFBS UPDATE

NATIONAL LOCKDOWN – HFBS UPDATE

The recent announcement of a second national lockdown surprises no one. As a responsible lender we have long been planning the steps we can take to mitigate any effects on ourselves and our valued intermediary partners.

With this in mind we are happy to outline our plans for the period from 5th November 2020 up to and including the 2nd December 2020.

We shall remain open during the entire period albeit with a reduced staffing level. We would ask during this period  where possible, any emails are addressed to sales@hfbridging.co.uk. This email address is widely distributed between staff and will ensure matters are actioned quickly regardless of the staff members present.

As you are aware our process is significantly quicker than most and we are often able to complete applications without valuations or solicitor involvement however, where these are required, some delays beyond our control may occur. Please bear with us.

You will also be aware that the speed of our process is reliant upon our ability to visit clients to complete documentation. As our visit will be in respect of a trade we are confident this is still allowable and we will continue to offer this service. In those circumstances we will , of course, adhere to strict social distancing measures. Should a client not wish to arrange such a visit until after the lockdown period we will process all such applications to the fullest point possible and step up our efforts to ‘sign up’ clients immediately after this period ensuring that completion can still take place prior to Christmas.

We pride ourselves in our unique process and deeply regret any delays that may occur in processing but assure you, should they occur, they will be kept to a minimum. Should further amendments or extensions to the lockdown be announced we will communicate and changes at the earliest opportunity.

Thank you for your understanding in these matters.

Meeting your funding deadline is easy with HFBS

Meeting your funding deadline is easy with HFBS

Meeting your funding deadline is easy with HFBS

Need small finance with no hassle ? HFBS are pioneers of flexible small finance. With advances from £10000 (up to £250000) exempt agreements only. Rates from 0.95% per month.

Many complete without solicitors and without the need for a physical valuation ensuring 70% of applications complete within 10 days – our quickest 72 hours.

Meeting your funding deadline is easy with HFBS

Holme Finance Bridging Solutions (HFBS) turns urgent fifty thousand pound bridging loan deal around in under 72 hours after been approached by broker eager to find a solution.

DESPERATELY URGENT CASE MEETS FUNDING DEADLINE

Holme Finance Bridging Solutions (HFBS) turns urgent fifty thousand pound bridging loan deal around in under 72 hours after been approached by broker eager to find a solution.

Eager to make it happen for their client HFBS received the case late Tuesday afternoon and were able to issue documents the following day with confirmation and contract signing taking place the day after. The funds were successfully deposited into the client’s bank account first thing Friday morning.

Dan Yendall-Collings, senior underwriter at HFBS says: “The client had a property that was currently tenanted with tenants on notice to vacate as the property was to be sold. It was hoped the sale would assist with some urgent financial commitments but unfortunately the property hadn’t benefited from a firm offer. At this point it was decided a bridging loan would be the best option to solve a short-term problem until the buy to let property sold. Their broker knew it was critical for them to access funds quickly and avoid default penalties on their other commitments, which is why they came to us. They knew that if they were to stand any chance of achieving the completion deadline – they would have to come to us. I’m pleased to say we were able to help in the timeframe in record time of less than three working days.”

HFBS issued a £50,000 bridging loan as a first charge over a 12 month term at 1.1% per month. No valuation was required as the desktop valuation provided a strong confidence level and meant that the LTV was comfortably under 25%.

HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £10,000. 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.

We'd like to take this opportunity to show our gratitude to those who have chosen HFBS as their preferred lender

We’d like to take this opportunity to say thank you

We’d like to take this opportunity to show our gratitude to those who have chosen HFBS as their preferred lender since opening our doors post lockdown.

Thank You

We'd like to take this opportunity to show our gratitude to those who have chosen HFBS as their preferred lenderIan Broadbent, director at HFBS says: “When we got back to business on the 11th of June we really had no idea what would happen. However it was incredibly positive.

“We are very grateful for the continuing support our brokers have shown us.

“It’s clear people are so keen for bridging, and keen to get ahead with their plans, thankfully we can and are helping make it happen much quicker.”

If you are looking for the application of common sense and a lender that shares your clients’ urgency HFBS are here for you. Just call 01724 865577 or email here. why not give us a try ?

HFBS first week back success

FIRST WEEK BACK SUCCESS

The first week back for HFBS results in success.

HFBS returned to work at 9 AM on 11th May, by 4PM on the 20th May 2020  the team had issued full contractual terms on 11 cases and completed/funds to the client on three of those cases as follows :

“We advanced £42,495 at 1.35% mth over 12 months with interest to be ‘rolled up’ secured by first legal mortgage over two Buy to Let properties valued at £50,000 each. The valuation was established by a combination of original purchase prices/AVM and our own inspection.”

“The client had an urgent need to redeem an existing bridging loan to buy more time to secure a sale. The security was a residential BTL estimated at £250,000 in current condition ( in need of moderate refurbishment ) . Valuation was established by our own inspection of the property / comparable evidence. We advanced £100,855 at 1.2% month over 12 months with interest ‘rolled up’ and  secured by first legal mortgage.”

“The client had an urgent need to redeem an existing bridging loan to buy more time to secure a sale. The security is a car sales forecourt with on site living accommodation valued for a previous proposed lender in January 2019 . We advanced £32,719 at 1.75% month over 12 months with interest ‘rolled up’ secured as a second legal mortgage behind the clients bank mortgage of £187,000. Valuation was established by using the old valuation.”

Ian Broadbent, direct at HFBS says: “When we got back to business on the 11th we really had no idea what would happen. However it’s clear, the bridging business is back in business and we’re now anticipating funding a further deal before we take a well deserved long weekend off.”

If you are looking for the application of common sense and a lender that shares your clients urgency HFBS are here for you. Just call 01724 865577 or email here.

HFBS gets back to business

HFBS GETS BACK TO BUSINESS

HFBS is delighted to announce a return to normal… ish lending with effect from the 11th
May 2020.

HFBS gets back to businessHFBS took the difficult decision to temporarily cease lending in the 25th March 2020 as it was unable to offer the exceptional levels of service it is renowned for, however funding is very strong and our appetite wholly undiminished.

It is, of course, difficult to ignore the continued ‘elephant in the room’ and there will be a limited number of minor adjustments to our working practices limiting our lending to the more straight forward applications.

We are absolutely committed to clear, open communication with our introducers, and in this spirit would outline our intentions as follows:

CRITERIA
As we have previously communicated we have NO plans to reduce our standard published LTV’s or to increase our lending rates.

TIMESCALES
We are aware that clients have now, more than ever, a need for swift access to finance. In order to achieve this and avoid the requirement for solicitors ( many of whom are working on a very limited basis ) we will be applying our normal policy of visiting clients.

This will be done in a socially responsible way taking all necessary precautions, however if your client is unwilling to see our representative then significant delay will occur. Please ensure your client is aware of our requirement at the outset. We anticipate all ‘straight forward applications’ will be completed within 7 days of application.

VALUATIONS
As you will be aware it is near impossible to obtain internal valuations at present therefore we are happy to consider any applications up to £100,000 in value based on one or more of: AVM/stated purchase price/comparable research/previous valuations within the last 2 years /drive bys and personal inspections. Advances in excess of £100,000 may be considered based on one or more of previous valuations in the last 2 years / personal inspection and drive bys.

COMPLEX CASES / COMMERCIAL UNITS ( INC HMO’S )
Whilst we return with a positive mindset it may naturally be more difficult to process and complete more complex or non standard applications. However we are happy to discuss any application and provide an honest opinion on our ability to proceed.

RE-BRIDGING
We have always prided ourselves on our commitment to working with our existing account holders when it is clear additional forbearance will achieve a favourable outcome. We wish to extend this facility to those clients with alternative lenders who may not be in a position to do so, therefore if you have applicants requiring a ‘re-bridge’ we will prioritise these where possible.

These are extraordinary times. However, so long as there is a demand HFBS wishes to support you and your clients. Should you have any questions please feel free to call us.
01724 86 55 77