Cash Flow Bottle Neck Eased With Quick Action
Holme Finance Bridging Solutions (HFBS) unique ability to complete quickly comes into its own again!
The deal was for a gross loan of £43,494 over 12 months at 1.35% month secured as a second legal mortgage over a buy to let with an estimated valuation of £700,000 and 1st mortgage balance of £225,000. Funds were required to ease a cash flow bottleneck allowing the introducer’s client to settle urgent payment of a tax bill
Ian Broadbent, director at HFBS says: “The broker approached us with an initial enquiry very late on the 16th at which point we provided immediate terms. The following day we received confirmation and the necessary approvals that the client was keen to progress with the bridging loan, we immediately requested the settlement figure from the first mortgagee with funds transferred to the client first thing on the 23rd October.”
Chris Warner, commercial mortgage broker at First 4 Commercial says: “I cannot speak highly enough of the guys over at HFBS. This case in particular has taken three working days from initial enquiry to funds in the clients account! Fast, effective bridging whenever my clients need it. Happy clients = Happy broker.”
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.