Holme Finance Bridging Solutions Celebrates Dan Yendall-Collings’ 22-Year Journey
In the dynamic world of finance, the ability to adapt and thrive through changes is a rare quality that Dan Yendall-Collings, Senior Underwriter, has exemplified throughout his impressive 22-year tenure at Holme Finance Bridging Solutions (HFBS).
Fresh from university and armed with ambition, Dan applied for a position at HFBS, intrigued by a vacancy that promised growth and learning opportunities. Little did he know it would be the start of a two-decade-long journey that would see him evolve from a promising graduate to a cornerstone of the company.
Initially offered the role of a mortgage advisor, Dan was keen to hit the ground running. However, understanding the importance of expertise in advising clients, he first had to complete his professional qualifications. Displaying his signature commitment and zeal, Dan passed all required certifications with flying colours, setting the tone for his growth within the company.
In 2010 the company ceased offering mortgages moving solely into the bridging loan sector. This transition marked a new chapter not only for the company but for Dan who demonstrated adaptability and commitment to growth, transitioning seamlessly into the role of underwriter.
This position allowed Dan to lever his comprehensive understanding of business management principles and apply them effectively within the bridging finance sector. His ability to analyse risk, understand market dynamics, and craft bespoke financing solutions has been instrumental in the success and resilience of Holme Finance Bridging Solutions.
Ian Broadbent, Managing Director comments: “As we celebrate this remarkable 22-year journey, we not only applaud his individual achievements but also the indelible mark he has left on Holme Finance Bridging Solutions. His journey from a fresh graduate to a leading light in the company underscores the values we hold dear—growth, learning, and the relentless pursuit of excellence.”
Reflecting on his 22-year journey, Dan shared, “After 22 years, I can confidently say being in a position to help people achieve their goals, building relationships, and not to mention the great team here, who are like family, was a great decision. It’s unbelievable it’s been 22 years.”
Here’s to celebrating 22 remarkable years and to many more years of success, innovation, and shared achievements.
Second Charge Bridging Facility in 3 days
£24,000 second charge bridging facility within a mere three days of the initial customer enquiry.
A customer in need of funds for business purposes contacted their broker highlighting issues encountered with a previous second charge lender. There was an urgent requirement to obtain the funds due to various legal matters and complications with the previous lender.
Quick to recognise the urgency of the situation, the broker immediately engaged with HFBS. In a decisive move, HFBS agreed to provide the second charge loan without the need for consent from the first charge lender. Relying on the property valuation conducted by the previous lender, HFBS efficiently packaged the deal on the same day.
As time was of the essence, HFBS received enquiry in the afternoon of day one, approved the loan on day two, on the morning of the day three all necessary parties convened to finalise the application.
The transaction featured a net bridging loan of £24,000 against a property valuation of £220,000, resulting in a total loan to value (LTV) of 60% when including the first charge.
Dan Yendall-Collings, Senior Underwriter at Holme Finance Bridging Solutions, added, “Our ability to solve problems quickly is a testament to our commitment. Trust, adaptability, and rapid decision-making are crucial, and we’re proud to have demonstrated these qualities in this recent deal.”
HFBS Approves Rapid Funding for Property Enhancement
In a remarkable display of efficiency and client-focused service, HFBS has approved a swift funding package totalling £6,495.
This deal, unique in its expedited processing and favourable terms, reflects HFBS’s commitment to supporting property development and sales. The client, an experienced landlord, approached HFBS through a broker. Recognising the client’s specific needs and the broker’s existing relationship, HFBS uniquely decided not to apply an additional fee on this case.
The client’s immediate requirement was £5,000 to refurbish a long-owned and recently vacated Buy-To-Let (BTL) property. The tenants had left the property in a less-than-ideal state, necessitating cosmetic improvements to enhance its marketability for a quick sale. The client planned to undertake these renovations herself, aiming to list the property in the upcoming spring market.
What makes this deal particularly noteworthy is the rapid pace of its completion. Within a mere four days, HFBS progressed the loan to completion, an impressive feat considering the standard duration of such processes. The decision to waive the need for a property valuation expedited the process, a move justified by the existing mortgage of £60,000 and the property’s estimated value exceeding £200,000.
The financial structure of the deal was strategically advantageous. The client received a net loan of £5,000, with a lender fee of £200 and legal fees amounting to £1,295, bringing the gross loan to £6,495. The offered rate was 2% per month, a competitive figure in the bridging loan market.
The client was confident that this investment in the property would not only enhance its value significantly but also make it more attractive to potential buyers, thereby facilitating a quicker sale.
Dan Yendall-Collings, Senior Underwriter at HFBS says: “This successful deal is a testament to our agility and customer-centric approach. By understanding the client’s unique situation and the potential of the property, we were happy to provide tailored financial solutions that aligned with our client’s objectives. This case serves as an excellent example of how targeted funding no matter how small can effectively support property enhancement and sales, benefiting both the borrower and the broader real estate market.”
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Fresh Chapter of Success for HFBS as it Introduces New Dream Team Member
We are thrilled to usher in 2024 at Holme Finance Bridging Solutions (HFBS), especially after celebrating a remarkable 2023. Last year was nothing short of extraordinary, with our completed volumes nearing a record-breaking high. This achievement reflects not just the vast expertise of our staff, who collectively bring over 170 years of experience to the table, but also the exceptional dedication of our introducers. A heartfelt thank you to each one of you for your invaluable contributions.
In light of our continued growth and unwavering commitment to delivering top-notch service to our introducer network, we are excited to announce a fresh face joining our underwriting team: Alasdair Broadbent. Alasdair, an accomplished individual with a first-class degree in Engineering, comes to us following a significant tenure at British Steel. While his journey to the financial sector may seem unconventional, Alasdair’s diverse skill set is a perfect match for our innovative approach. We are confident that his unique perspective and experience will be instrumental in further enhancing our team’s capabilities.
This addition, coupled with our intrinsic drive for excellence, positions us for even greater heights in 2024. Your support has been a cornerstone of our success, and we look forward to achieving new milestones together in the coming year. Here’s to a prosperous 2024!
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
HFBS Approves Conversion Project Bridging Loan
HFBS approves new bridging loan deal to rescue semi-commercial property conversion project without full valuation saves developer’s project from auction.
The client, who had a semi-commercial property with a current estimated value of approximately £250,000, faced challenges with their development project. They had originally planned to convert the property into two self-contained flats but had experienced cost overruns.
To get the project back on track, they needed an additional £25,000 to complete the work. HFBS, recognising the relatively small loan amount needed and the unique circumstances of the case, made the decision to proceed without requiring a full property valuation. This expedited the process and allowed the HFBS to offer a competitive interest rate of 1.95%.
HFBS was able to release the necessary funds in just five working days, providing the client with the financial support required to complete the project successfully. Dan Yendall-Collins, Senior Underwriter at Holme Finance Bridging Solutions “The broker who submitted this case expressed immense satisfaction with the outcome, as this bridging loan has placed their client in a position to complete the development as originally planned. This means they can now realise the true value of the property by selling the two self-contained flats on individual leases upon project completion, rather than having to resort to auctioning a half-complete single freehold unit.
HFBS’s swift and tailored approach in approving this bridging loan demonstrates their commitment to supporting brokers in unique situations and enabling them to achieve their property development goals. The success of this deal underscores the importance of flexible and innovative financial solutions in the ever-changing real estate market.
HFBS continues to provide creative financial solutions for property developers and investors, reinforcing their reputation as a trusted partner in the industry.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Holme Finance Bridging Solutions Christmas Message
Dear valued clients and partners,
As the holiday season approaches, we at Holme Finance Bridging Solutions (HFBS) want to take a moment to wish you all a joyous and festive Christmas!
We are truly grateful for your continued support and trust in our services, and we look forward to serving you in the coming year.
Please take note of our Christmas hours: HFBS will be closing at 5 pm on Thursday, the 21st of December 2023, and we will reopen at 9 am on the 4th of January 2024.
During this time, our team will be enjoying a well-deserved break with family and friends, but we’ll be back to assist you with all your bridging finance needs as soon as we return.
Thank you for your understanding, and we hope you have a wonderful Christmas filled with warmth and happiness.
HFBS Unveils Benefits of Partnership Ahead of Christmas Break
Holme Finance Bridging Solutions (HFBS), a prominent name in the UK’s bridging finance sector, is making waves as it demonstrates its commitment to facilitating quick and reliable financing solutions for clients just in time for the holiday season.
As the year comes to a close, HFBS has been hard at work, striving to approve deals and secure funding for its clients before the Christmas break. The team at HFBS understands the urgency and importance of funding for borrowers, and they are dedicated to ensuring that their clients can have peace of mind and financial security during the festive season.
Ian Broadbent, Managing Director of HFBS, emphasised the significance of their efforts: “We understand that the holiday season can be a stressful time for many, and the need for quick and flexible financing solutions is more crucial than ever. Our team is putting in extra effort to ensure that we can approve deals and provide funding promptly, allowing our clients to enjoy their holidays without any financial worries.”
HFBS specialises in bridging loans, offering a wide range of financial solutions to meet various needs, including property development, auction purchases, and refurbishment projects. Their streamlined and efficient application process, combined with their extensive experience in the industry, has made them a preferred choice for borrowers seeking quick and reliable financing options.
The benefits of working with HFBS extend beyond just fast approvals. Clients who partner with HFBS can expect:
1. Tailored Solutions: HFBS understands that each borrower has unique requirements. They provide personalised loan packages to meet the specific needs of their clients.
2. Flexibility: With a range of loan terms and options, HFBS offers flexibility to borrowers, ensuring they can find the right solution for their circumstances.
3. Speed: HFBS is renowned for its rapid decision-making and approval process, allowing clients to access funds swiftly, often within days.
4. Expertise: With a team of experienced professionals, HFBS offers expert guidance throughout the lending process, ensuring clients are well-informed and supported every step of the way.
5. Transparency: HFBS prides itself on transparency, providing clients with clear terms and conditions, so there are no hidden surprises.
As the year-end approaches, HFBS continues to be a reliable partner for those in need of bridging finance. Their unwavering commitment to providing fast approvals and excellent service sets them apart in the industry, making them the go-to choose for borrowers seeking financial solutions.
In the spirit of the season, Holme Finance Bridging Solutions continues to prove its commitment to its clients by delivering timely funding and showcasing the advantages of their partnership ahead of the Christmas break. Borrowers looking for dependable financial solutions can count on HFBS to deliver the support they need during this festive season and beyond.
HFBS will close at 5pm on Thursday the 21st of December returning 9am on the 4th of January 2024.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
The Game-Changing Benefits of HFBS’s Broker-Centric Approach
HFBS’s broker-centric approach is a beacon of efficiency, agility, and client-focused services in the bridging finance sector. Their commitment is always to empower brokers with the tools and support needed to meet the diverse and urgent needs of their clients.
With a blend of competitive rates, streamlined processes, and a deep understanding of the intricacies of bridging finance, HFBS is redefining what it means to deliver exceptional service in the financial sector.
Key Benefits of HFBS’s Broker-Centric Approach:
Rapid Turnaround Times: HFBS have the ability to meet most pressing deadlines, with the loan being processed and approved within three days in a lot of cases, a testament to HFBS’s agility and dedication to meeting tight timelines.
Flexible Lending Criteria: HFBS’s are willing and able to consider alternative forms of lending criteria. This adaptability is crucial for brokers dealing with complex cases or clients facing unique challenges.
Trust in Existing Valuations: By accepting property valuations already conducted by a previous lender, HFBS streamlines the process, saving time and resources for both brokers and their clients. This level of trust and efficiency is a significant advantage in time-sensitive scenarios.
Competitive Rates and Terms: With second mortgage rates starting as low as 0.95% per month and advances from just £5,000, HFBS offers some of the most competitive terms in the bridging finance market. This affordability ensures that brokers can offer their clients cost-effective solutions.
Expertise and Experience: With over 40 years of experience in advancing short-term funds through a select panel of intermediaries, HFBS brings a wealth of knowledge and a proven track record. This expertise is invaluable in navigating the complexities of bridging finance.
Simplified Processes: HFBS’s approach eliminates the need for solicitor involvement, minimum valuations, and is not constrained by bank mandates or fixed rules. This simplification of the lending process makes it easier for brokers to secure funding for their clients efficiently.
No Hidden Complications: The absence of default rates and a clear, straightforward lending policy mean brokers can confidently present HFBS’s solutions to their clients, knowing there are no hidden complications or unexpected hurdles.
Privately Funded Flexibility: Being entirely privately funded, HFBS enjoys a level of autonomy that allows for more personalized and adaptable lending solutions, tailored to the unique needs of each client.
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Rapid Bridging Finance Solution for a Commercial Developer
A commercial developer had an ongoing project nearing completion. Like most commercial projects, there were timelines to be adhered to and payments to be made. An unforeseen cash-flow issue cropped up at a critical moment, creating a potential roadblock in the project’s path.
As the deadline for contractor payments approached, the developer realised that his own business cash-flow would be insufficient to cover the balance due. The shortfall was £26,000. The deadline pressure intensified the situation since a delay in payment could result in penalties, delayed project completion, and potentially strained business relationships.
Upon realising the shortfall, the developer approached his broker seeking a swift financial solution. Recognising the urgency, the broker proposed using a second charge on the developer’s home as collateral through HFBS.
The property considered as security was the developer’s residential address. It had a desktop valuation of £500,000. With the developer’s existing first charge mortgage at £240,000, there was ample equity in the property to cover the loan. This decision to consider the residential property as opposed to the commercial development site was based on the fact that the commercial site was under the developer’s limited company.
In the span of three days HRBS were able to:
Wednesday: Documents were dispatched and received.
Thursday: A personal visit was made for verification and further discussions.
Friday: The deal was finalised, and a net loan of £26,000 was sanctioned.
HFBS provided the client with the urgently needed funds, allowing him to clear the contractors’ dues on the very same Friday. Dan Yendall-Collings, Senior Underwriter, Holme Finance Bridging Solutions said: “This rapid action not only saved the developer from potential late fees and penalties but also maintained his reputation in the business community.”
HFBS provided the £26,000 loan over 12 months at an interest rate of 2% per month.
Dan went on the say: “We’re pleased to say the developer anticipates clearing the bridging loan within the next couple of months, given the projected cash inflows from his nearly completed commercial project.”
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
Holme Finance Bridging Solutions and Clever Lending Team Up for Swift Bridging Loan Turnaround
In an impressive display of collaboration and efficiency, Holme Finance Bridging Solutions (HFBS) partnered with Clever Lending, the master broker and specialist finance packager, to seal a £24,000 second charge bridging facility within a mere three days of the initial customer enquiry.
The client, seeking funds for business purposes, reached out to Clever Lending directly on the afternoon of 15th August, expressing concerns over difficulties faced with a previous second charge lender. The pressing need was to secure the funds by 18th August, given the existing challenges related to assorted legal matters and the previous lender.
Understanding the gravity of the situation, Clever Lending quickly conferred with HFBS. In a game-changing move, HFBS agreed to step in and provide the second charge loan without requiring consent from the first charge lender. Trusting the property valuation already carried out by the previous lender, HFBS promptly packaged the deal on the same day.
With the clock ticking, HFBS approved the loan offer on 16th August. By the next day, all parties met to finalise the application. The concerted effort of both teams ensured that the case was completed on 18th August, right on cue with the client’s tight deadline.
The deal spotlighted a net bridging loan of £24,000 against a property valuation of £220,000, culminating in a total loan to value (LTV) of 60% when considering the first charge.
Steve Sanderson, the commercial and bridging specialist at Clever Lending, said: “This case came with an extremely tight deadline, but it did not put us off. We knew that Holme Finance Bridging Solutions would consider a second charge application without the first charge lender’s consent and so worked closely with them to ensure we could package the case as soon as possible.
“The case completed on schedule because the parties involved were committed to making it happen, including the customer, who was very responsive.”
Dan Yendall-Collings, Senior Underwriter at Holme Finance Bridging Solutions, further elaborated, “Our collaboration with Clever Lending epitomises what we stand for: being problem solvers in pressing times. Trust, adaptability, and swift decision-making are pivotal, and we’re proud to have showcased this in the recent deal.”
This endeavour marks a significant achievement in the bridging finance sector, emphasising the importance of collaboration, trust, and agility in serving client needs.
Dan Yendall-Collings, Senior Underwriter, Holme Finance Bridging Solutions said:
HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month with advances from just £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 40 years with complete authority on their lending. No solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, no default rates. HFBS really mean business.
Simpler, quicker, cheaper.
