Holme Finance Bridging Solutions (HFBS) picked up the gauntlet and delivered for broker Y3S Bridging on a £200,000 purchase case required within 72 hours to save their client facing considerable financial loss.
When a delay in a business transaction left their client nearing completion and committed to purchasing an investment property without the available funds they turned to HFBS.
Facing the prospect of significant financial penalties, losing a deposit, and the chance to purchase the property, Y3S approached HFBS on a Wednesday afternoon in the hope of securing a £200,000 loan before the weekend.
HFBS worked quickly and approved the £200,000 deal immediately, compiled the paperwork that day, completed the paperwork at the client’s home address on Thursday and were able to instruct the transfer of funds on Friday.
Andrew Gage, Director, at Y3S Bridging says: “Here at Y3S we always have a positive approach regardless of time constraints and tight deadlines. This case in particular was a challenge to say the least. But we knew if we had the right partner and the right attitude we’d be able to achieve it. This is not the first time we have used HFBS, so we knew we had the right partner on board. From start to finish, Ian and his team mirrored our own enthusiasm to get this deal done”.
Ian Broadbent, Director at HFBS says: “This deal was only possible due to the unique systems and processes we operate combined with a strong working relationship between ourselves and Y3S. I can only praise the staff on both sides for making this happen and achieving such a positive outcome for the client. Teamwork at it’s best!”
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 £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.