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.
HFBS ARE PUTTING TOGETHER THE PERFECT PRESENT THIS CHRISTMAS
Holme Finance Bridging Solutions (HFBS) are putting together the perfect present this Christmas busy wrapping up deals, but if you have money on your Christmas list it’s not too late as HFBS won’t be packing up for festive fun yet!
Christmas is a financing deadline for many people however, for those that have left it late, many conventional lenders will not be able to advance a loan between now and Christmas, however HFBS can!
You may know us for our small loan capacity, but we also have the capability to extend our swift working to advances of up to two hundred and fifty thousand pounds. And being entirely privately funded, the funds are ready and waiting.
Ian Broadbent, director at HFBS comments: “Brokers may be thinking there is little possibility of securing a loan for their clients before Christmas, however at HFBS that is what we do, quick bridging. We complete in less than seven working days, most within five, so there is still plenty of time. And with our unique specialist lending track-record and no solicitor involvement in most cases, the time spent on administration is substantially reduced to ensure a speedy and seamless loan process. So no need to wait. Want your money before Christmas, no problem!”
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.
UNCONVENTIONAL PROPERTY REQUIRES UNCONVENTIONAL FINANCE
Struggling to raise finance by conventional means, Holme Finance Bridging Solutions (HFBS) were approached to assist in helping a property developer complete a programme of renovations on an unconventional property build before letting the property out.
Not being of traditional brick and tile construction meant the developer was limited to the amount of standard lenders willing to take on the case. Adding to complications, it had been vacant for a number of years and required considerable renovation works to make it habitable from its semi-derelict state.
Dan Yendall-Collings, senior underwriter at HFBS says: “Conventional lenders wouldn’t look at this short term deal but we were willing to take a closer look. Purchased for £95,000 cash, £50,000 was required to get the property ready for a tenant. After meeting with the client and viewing the property, we were confident that the developer’s fully costed schedule of works were realistic and achievable and happy to lend to get the project complete and viable for a longer term refinancing option.”
HFBS required a valuation in this instance but once complete and satisfied with the feasibility of the works proposed a two-stage drawdown plan was agreed. Starting with an initial net advance of £25,000, the second account would be provided once stipulated works carried out are completed subject to HFBS inspection. The loan agreed is over a 12 month term at a rate of 1.35% per month to be paid once the property is successfully re-financed.
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 HELP CLIENT TAKE BACK POSSESSION OF HOME
When an interest only mortgage came to the end with no funds to pay the final sum it looked like an important family asset was about to be repossessed, until Holme Finance Bridging Solutions approved a loan to recover the situation.
The client had mistakenly ignored the due date for final repayment and latterly failed to secure refinance due to poor credit. Now, with the realization that a sale was the obvious exit, the mortgagor had lost patience and was due to repossess.
HFBS recognized that the client, albeit belatedly, had acknowledged the need for a sale and the best outcome for them was to secure this themselves with a sensible marketing period (avoiding significant legal costs and the potential for a sale to be completed by the mortgagor at a lesser price). Approached for the mortgage redemption sum of £216.900, HFBS were able to complete very quickly providing the client with the best outcome.
Ian Broadbent, director at HFBS says: “The property was valued at £385,000 so the LTV looked good enough to allow for a satisfactory end to what was a very stressful situation for the client.
“We always look for the best outcome for clients. It was clear that allowing their property to go into possession with the monthly accrual of costs and fees wasn’t going to help but only compound the situation. Properties in possession typically don’t achieve the value required. This way we’re confident of a successful sale at the market rate.”
HFBS provided the loan over a 12 month term and a rate of 0.95% per month to be paid once the property is successfully sold.
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.