Eastbourne conversion project is back on track thanks to the quick financing decision of Holme Finance Bridging Solutions (HFBS).
The large detached property was purchased with consent for commercial usage and has since secured consent for conversion into one singular residential unit with the intention of converting the property into four executive apartments.
Although not planning to convert the property themselves, 90 thousand pounds was needed to hire the services of an architect to ensure the property can be sold with planning consent in place and the remedial clearing works carried out on the large expanse of surrounding grounds.
Ian Broadbent, director at HFBS says: “We had the property valued as it currently stands and an estimate value with planning for conversion into flats. We were confident that even basing our lending decision on a worst-case scenario that the client’s intentions made sense and stacked up financially. We were happy to move ahead and support this project to completion.”
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.