Holme Finance Bridging Solutions (HFBS) has once again demonstrated its industry-leading speed and efficiency, completing a £50,000 second charge bridging loan within just four days.
On the first Monday back in the New Year, a previous client approached HFBS with an urgent request for funding to support their business cash flow. Having successfully repaid a similar loan a year earlier, the client trusted HFBS to deliver a swift solution.
Leveraging their prior relationship and existing valuation evidence from the previous deal, HFBS quickly sprang into action:
Day 1 (Monday): The offer pack was prepared and sent out immediately after the application was received.
Day 2 (Tuesday): The client confirmed receipt of the documents and committed to proceeding.
Day 3 (Wednesday): HFBS conducted a visit to finalise and collect the signed paperwork.
Day 4 (Thursday): A ‘speak-with’ security call was completed in the morning, and funds were released by the afternoon.
The loan was secured as a second charge on the client’s home address, with a competitive interest rate of 1.39% over a 12-month term.
Although the client contacted HFBS directly, the company ensured that the original broker was kept in the loop and received their commission. This proactive measure highlights HFBS’s commitment to fostering strong, long-term partnerships with brokers, even when clients engage directly.
The client praised HFBS for their rapid and seamless handling of the loan, enabling them to secure the necessary funds without delays. Meanwhile, the broker expressed gratitude for being included in the process and receiving their due commission, cementing HFBS’s reputation as a broker-first lender.
“Dan Yendall-Collings, Senior Underwriter at HFBS said: “This latest deal is a testament to HFBS’s ability to act decisively, relying on strong client relationships, efficient internal processes, and an unwavering commitment to delivering results. Completing a deal of this nature in just four days demonstrates why we remain a trusted choice for fast, flexible bridging finance.”
For more information on how our bridging loans can help, and to see how we can tailor a loan to your specific needs, get in touch with the HFBS team today.