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Bridging deal is wrapped up in time

Bridging Deal Is Wrapped Up In Time

Seasoned property developer approaches Holme Finance Bridging Solutions (HFBS) for £75,000 against the purchase price of £130,000 to fund the purchase of a development property with bags of potential from auction.

Unable to fund the property through conventional mortgage routes the developer required a funding partner that could meet the strict deadlines required when buying at auction.

A valuation confirmed the property would not be mortgagable by conventional means in its current state but confirmed a ‘cash value’ and approximate costs involved to get the property to a habitable and mortgagable state. HFBS were satisfied the development could be completed successfully and advanced the funds required within 10 days.

Ian Broadbent, Director at HFBS says: “We had dealt with this developer before and knew that he not only had the knowledge, but the skill and experience to complete the task. We were able to liaise with the client’s solicitor and transfer the funds over for the purchase quickly to allow the property to be renovated and sold as soon as possible.”

HFBS offer 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. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules. Simpler, quicker, cheaper.

short term loan

SHORT TERM LOAN LAUNCH OFFERS APPEALING FLEXIBILITY

Market leading short term loan rate launched by Holme Finance Bridging Solutions is good news for short term loan borrowers.

As demand grows for bridging finance HFBS have reacted to the trend by launching their new super low rate of 0.95% a month for first and second charge lending.

Applicable to advances of £100,000 plus, borrowers can take advantage of the new rate secured against a standard buy to let and business borrowing with a maximum 70% LTV.

The company is offering the additional bonus of completion without solicitor involvement, moderate adverse being considered, and super quick turnaround within one week.

Ian Broadbent, director at Holme Finance Bridging Solutions says:  “From our solid foundations we are strengthening further our position in the short term loan market to offer a more flexible solution that mainstream lending.”

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.

HFBS prides itself on being very different, filling a niche in the market to complement existing providers of short term finance and completing the more straight forward application without the need for solicitor involvement. Simpler, quicker, cheaper.