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SHORT TERM BRIDGE FROM HFBS EASES STRESS

SHORT TERM BRIDGE FROM HFBS EASES STRESS

Short term loan from HFBS eases a stressful situation and agrees a short term bridging loan of fifty six thousand pounds to prevent an investor losing a significant BTL portfolio.

SHORT TERM BRIDGE FROM HFBS EASES STRESS

With a failed business and subsequent mortgage arrears, leading to the threat of repossession, quick action was needed to secure a London BTL portfolio and clear debts to enable a clear and structured plan of action for financial security.

Dan Yendall-Collings, senior underwriter at HFBS says: “We’re always cautious when a client is in severe difficulty. Unfortunately for our client his business had failed resulting in sole reliance on the rental income from his BTL portfolio. Regrettably it was a struggle and led to mortgage, ground rent and service charge arrears. We met to discuss his plan of action and agreed to clear his debts whilst he freed up a significant amount of cash from the sale of two properties from his portfolio.”

From application to pay-out, even waiting for confirmation of mortgage arrears and ground rent arrears, HFBS completed in just five working days. Selling the properties will free up significant cash reserves allowing the loan to be paid off promptly enabling a comfortable retirement for the client.

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.

short term loan

Short Term Loan Marks A First

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.

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.