Holme Finance Bridging Solutions (HFBS) has once again demonstrated its fast, flexible, and common-sense approach to lending, advancing a £20,000 bridging loan in record time—without the need for a valuation.
The client, an experienced investor, had a vacant investment property on the market for £320,000, with just £150,000 outstanding on the first mortgage. However, with cash flow tightening ahead of the sale, they needed a short-term funding boost to bridge the gap until completion.
Rather than facing lengthy delays with mainstream lenders, HFBS stepped in with a swift and tailored solution. Dan Yendall-Collings, Senior Underwriter at HFBS said: “We understand that traditional lenders often overcomplicate short-term borrowing, especially, as in this case, if there is evidence of a shaky credit history. However, we always take a pragmatic approach. If the deal makes sense, we make it happen—fast!”
HFBS were able to advance a net loan of £20,000 at competitive rate of 1.95% over 12 months without the need for a valuation. The proceeds from the property sale will clear the outstanding debts and assist the client to transition into a stress-free retirement.