Holme Finance Bridging Solutions (HFBS) has completed another fast-moving bridging loan designed to protect a borrower from falling into mortgage default, while providing the breathing space needed to move forward with confidence.
The case involved a client who had owned a buy-to-let property for more than 25 years. Having benefited from rental income over the years, the property had become a central part of his retirement plans, with the intention to sell and release capital to support later life.
However, as the State Pension age shifted and retirement plans changed, the client unexpectedly lost track of when the mortgage term on the property was due to expire.
The urgency only became clear when the existing lender confirmed the full balance had become due for repayment and advised that they would not offer any extension or additional time.
With the property already on the market for £240,000, the client approached his broker looking for a short-term funding solution that would allow him to avoid default, prevent unnecessary legal costs and maintain control of the sale process.
Recognising the time-sensitive nature of the case, the broker approached HFBS with confidence that the deal could be assessed and completed quickly enough to meet the lender’s deadline.
HFBS immediately reviewed the circumstances and was able to establish a strong level of confidence around the property value and exit strategy. With the property actively listed for sale online and a clear repayment route in place, HFBS approved a £90,000 bridging loan without the need for a valuation.
The loan was offered at a rate of 1.39%. Funds were released exactly in line with the commitment made to the existing lender, preventing the client from entering default and removing the stress and uncertainty that can come with lender enforcement action.
The completed bridge now gives the client a full 12 months to achieve the sale on his own terms and move forward with his retirement plans without unnecessary pressure.
The case demonstrates the importance of flexibility and decisive underwriting when clients face unexpected financial deadlines. Dan Yendall-Collings Director at HFBS says “Situations like this are far more common than people realise. Life changes, retirement plans shift and sometimes people simply need time. Because we are self-funded, we are able to make quick, pragmatic decisions based on the strength of the case.
“In this situation, the client had a clear exit, a valuable asset and simply needed breathing space to avoid falling into default and losing control of the process. We were able to move quickly, remove unnecessary delays and provide a solution that protected both the client’s finances and peace of mind.”
HFBS specialises in fast, flexible bridging finance solutions, with a strong focus on practical underwriting, clear communication and giving brokers confidence that urgent cases can be handled efficiently when timing matters most.