Helping business woman and entrepreneur get a property venture up and running Holme Finance Bridging Solutions fund their first second charge short-term loan of £50,000 under the new criteria of 0.95% per month.
Already committed to purchasing the property the client had every intention of funding the purchase of a HMO through her limited company, but that process was taking far too long to deliver.
HFBS advanced £50,000 as a second charge on her own home, completed the paperwork and delivered the funds within one week.
Ian Broadbent, Director at HFBS says: “In this situation the funding stream was taking much longer than anticipated. We were happy to go ahead based on our client’s ability to demonstrate that she knew what she was doing with well thought out contingency plans and the security of plenty of equity and a good credit rating.
Commercial funding secured on the HMO is expected to come through during the next month or so at which point our account will be cleared within the agreed timeframe leaving us with a happy client and broker relationship.”
With an average completion 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 the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £50,000. 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.