In a recent showcase of agility and client-focused financial solutions, Holme Finance Bridging Solutions (HFBS) has successfully enabled a significant business transition. A client in the window fitting and property renovations sector secured a loan of £32,000 to buy out his business partner, setting the stage for a strategic redirection of the company.
The client, who plans to scale up operations and steer the business towards new horizons, provided a second charge on his home as collateral. The urgency of the situation was well met by HFBS, which prides itself on its quick response times and personalised service.
Remarkably, the entire process from the initial client visit to funding completion was accomplished in just four working days.
HFBS’s decision-making was particularly noted for its efficiency. With the client’s home already on the market at a price of £270,000, HFBS had confidence in the property’s value, opting to forego a formal valuation. This streamlined the lending process significantly, underscoring HFBS’s commitment to facilitating quick financial solutions based on trust and an understanding of the client’s circumstances.
Dan Yendall-Collings, Senior Underwriter at HFBS said: “We had no hesitation in supporting our client with his business goals. This deal not only highlights our capability to support business transitions, but also highlights how we are capable of providing swift financial interventions tailored to meet individual client needs for positive results.”
The loan was offered at a competitive interest rate of 1.85% over a 12-month term reflecting HFBS’s strategic approach to lending which balances speed, security, and affordability.
As the business landscape continues to evolve, HFBS’s readiness to adapt and respond to unique scenarios promises to be a valuable asset for entrepreneurs and businesses seeking to navigate changes and seize growth opportunities.
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.