HFBS Approves Bridging Loan for Semi-Commercial Property

HFBS is pleased to announce the recent approval of a bridging loan of £195,000 for a new investment property purchase at auction.

Initially hoping to raise funds through a remortgage of a commercial property, the developer was advised by a broker that commercial mortgages were taking significantly longer to approve. Taking the advice of the broker, HFBS were approached to assist with an urgent bridging loan to help meet a tight auction deadline, enabling the purchase of an investment property.

The approved loan amount stands at £195,000 net, with an attractive interest rate of 1.29%. This loan, structured with a 12-month term, represents almost 50% loan-to-value (LTV) as a second charge, reflecting HFBS’s confidence in the project and the borrower.

“Our team is delighted to back this semi-commercial property,” said Dan Yendall-Collings at HFBS. “The semi-commercial property in question features a nursery on the ground floor with three flats above, which presents a unique investment opportunity we are proud to support.”

The competitive rates and flexible terms from HFBS are designed to help their clients achieve their real estate goals. The semi-commercial property sector is a vital part of the company’s lending portfolio. HFBS remains dedicated to providing tailored financial solutions to meet the diverse needs of its clients.

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 Successfully Provides Re-Bridge Solution, Saving Client from High Default Rates

HFBS is pleased to announce the successful completion of a re-bridge financing solution for a client facing steep default rates on their existing short-term bridging loan.

A broker approached HFBS with a client who had initially taken out a short-term bridging loan at an interest rate of 2% per month, with a default rate of 5% per month. The loan was intended to support a business investment, with plans for increased business cash flow to repay the loan within 12 months. Unfortunately, the business plan did not materialise as expected, prompting the client to decide to sell the property used as collateral.

Under the terms of the existing loan, the impending default rate would more than double the monthly interest, putting the client in urgent need of refinancing. HFBS stepped in to offer a re-bridge loan of £150,000, sufficient to clear the outstanding balance and provide the client with a 12-month term to complete the property sale. The new loan was offered at a significantly reduced interest rate of 1.25%.

The re-bridge process required a property valuation, which was the only delay in an otherwise swift transaction. Despite this, HFBS managed to complete the refinancing within 9 working days, effectively avoiding the high default rates of the previous loan.

Key details of the deal include:

Loan Amount: £150,000
First Charge: £313,000
Property Valuation: £1,000,000
Client Credit History: Good
Completion Time: 9 working days
Interest Rate: 1.25%

HFBS’s ability to quickly assess the client’s situation and provide a feasible exit strategy was instrumental in achieving this positive outcome. The re-bridge not only alleviated the client’s immediate financial pressure but also provided them with the necessary time to sell the property at a favourable price.

“We are proud of our team’s efficiency and dedication in handling this case,” said Ian Broadbent, Managing Director at HFBS. “Our client’s needs always come first, and we strive to offer solutions that are both practical and beneficial. This successful re-bridge financing is a testament to our expertise in providing flexible financial solutions.”

This achievement underscores HFBS’s commitment to providing flexible and timely financial solutions tailored to the unique needs of our clients.

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 Pioneers Swift Solutions in Bridging Finance

HFBS Pioneers Swift Solutions in Bridging Finance Amidst Market Challenges.

In the fast-paced world of bridging finance, timing is critical—especially when a potential default is on the horizon. Recognising this urgency, Holme Finance Bridging Solutions (HFBS) has solidified its position as a market leader by offering the quickest loan completions, often within an impressive 7-10 calendar days.

HFBS’s commitment to addressing urgent financial needs with unmatched efficiency and expertise sets them apart in the industry. Their streamlined processes and dedicated team ensure that clients can secure fast and effective solutions, providing much-needed peace of mind in challenging situations.

“We understand that our clients face high-pressure scenarios where delays are not an option.” said HFBS Managing Director Ian Broadbent. “Our ability to deliver rapid financial solutions within a week truly differentiates us. We are dedicated to providing the support our clients need to navigate financial uncertainties swiftly and confidently.”

HFBS invites those in need of immediate financial assistance to experience their exceptional service and expertise. Whether it’s to prevent a looming default or to seize a timely investment opportunity, HFBS stands ready to help clients achieve their financial goals with speed and reliability.

HFBS encourages anyone struggling with their bridging loan or seeking to understand more about their financial options to reach out. “Our doors are always open for discussion. If you need a solution tailored to your unique financial needs, do not hesitate to contact us.” said Ian.

HFBS aims to reinforce its commitment to providing flexible, reliable, and individualised financial solutions, helping clients regain control of their financial journeys and move forward with confidence.

HFBS Launches Innovative Re-Bridging Service to Provide Flexible Financial Solutions

Holme Finance Bridging Solutions (HFBS) has announced the launch of a new re-bridging service, tailored specifically for clients facing challenges with existing bridging loans.

Many Bridging lenders refuse to ‘re-bridge’ a client however this is short sighted as in some cases this can be in a client’s best interests. This service is designed to assist borrowers who are at risk of defaulting or need to renegotiate their loan terms to better suit their changing financial situations.

HFBS has built a reputation for addressing each case on a personal basis, ensuring that solutions are crafted to meet the distinct needs of each client. Says Managing Director Ian Broadbent: “We recognise that failing to redeem a previous bridging loan isn’t necessarily a dead-end. Instead, it can be an opportunity to reset financial paths and develop a plan that supports long-term success.”

The primary goal of HFBS’s re-bridging service is to prevent loans from escalating to higher default rates, thereby offering clients a fresh start. By working closely with borrowers to understand their unique circumstances, HFBS devises customised exit strategies that often include re-bridging as a viable solution.

One notable success story involves a small business owner who utilised HFBS’s re-bridging service to avoid punitive default rates and reposition his business for future growth. Such testimonials underscore the effectiveness and client-centred approach of HFBS, showcasing their commitment to providing relief and support to borrowers under financial strain.

HFBS encourages anyone struggling with their bridging loan or seeking to understand more about their financial options to reach out. “Our doors are always open for discussion. If you need a solution tailored to your unique financial needs, do not hesitate to contact us.” said Ian.

HFBS aims to reinforce its commitment to providing flexible, reliable, and individualised financial solutions, helping clients regain control of their financial journeys and move forward with confidence.

Holme Finance Bridging Solutions Facilitates Swift Business Buyout with Innovative Lending Approach

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.

HFBS Fuels Investor’s Vision with £175K Bridging Loan for HMO Conversion

HFBS (Holme Finance Bridging Solutions) has once again demonstrated its commitment to supporting savvy investors in the property market. The specialist lender approved a substantial bridging loan of £174,695 for a returning client, aimed at purchasing and transforming a £170,000 property into a high-yielding House of Multiple Occupation (HMO).

This isn’t the first time HFBS has backed this particular investor. With a history of successfully identifying and renovating properties for maximum rental returns, the client has proven their mettle in completing such projects within tight deadlines. The property in question is expected to undergo extensive renovations, post-purchase, to convert it into an HMO, a venture that promises significant increases in rental income. Upon completion, the property’s value is anticipated to soar to an estimated £300,000.

Dan Yendall-Collings, Senior Underwriter comments: “HFBS’s decision to fund this project wasn’t solely based on the potential of the new acquisition. The client also offered two additional Buy-To-Let (BTL) properties as collateral, ensuring a secure foundation for the loan. This strategic move allowed us to comfortably extend the full amount required for the purchase, despite our policy against 100% funding based on a single property.”

The loan, offered at a competitive interest rate of 1.15% over a 12-month term underscores HFBS’s agility and customer-centric approach in the bridging loan market. Although the completion of the transaction took a couple of weeks, largely due to the wait for the seller to confirm a completion date, HFBS was ready to proceed merely four days after the initial application.

This rapid turnaround time is a testament to HFBS’s efficiency, and the strong relationship and trust built with repeat clients. The investor plans to refinance the property once the renovations are complete and the property is fully tenanted on an HMO basis, leveraging the increased value and rental income to secure long-term financing.

This transaction highlights the vibrant dynamics of the UK’s property investment sector and the critical role of specialised lenders like HFBS in facilitating growth and innovation. It also reflects the growing trend towards maximising rental yields through HMO conversions, a strategy that, while demanding in terms of management and compliance, offers substantial returns in the right markets.

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 Bridges the Finance Gap with a Last-Minute Loan

HFBS bridges the finance gap by saving property purchase with last-minute £110,000 Loan.

In a dramatic turn of events, HFBS came to the rescue of a property investor who found themselves in a precarious situation after committing to buy a property at auction under their limited company.

Despite having provisionally approved finance, the client faced unexpected hurdles that threatened to derail the purchase due to tight auction deadlines. The crisis unfolded when, after three weeks of attempting to finalise the deals, the client realised that the transaction would not be completed in time, risking the loss of the property and incurring substantial financial penalties.

With the clock ticking and just five days remaining to the deadline, the client sought the expertise of a broker who immediately turned to HFBS, known for their agility and reliability in such high-pressure situations.

Dan Yendall-Collings, Senior Underwriter comments: “Understanding the urgency, we sprang into action, proposing a solution to raise the required £110,000. Leveraging the client’s home equity, we were able to arrange a second charge on the property, enabling the investor to channel the funds into their limited company and secure the auction properties.”

The process, initiated on Monday with a looming Friday deadline, saw HFBS conduct a swift property valuation and dispatch an offer pack on the very first day. By Tuesday, HFBS representatives were on-site, finalising paperwork with the client. Upon receiving the valuation report and confirming the balance of the first mortgage on Thursday, HFBS promptly released the funds.

This rapid response allowed the client to inject the necessary capital into their limited company, successfully completing the property acquisition within the auction’s stringent timeframe. The loan, offered at a competitive rate of 1.15% over 12 months, has provided the client with a crucial lifeline, enabling them to navigate through this financial bottleneck.

The client now looks forward to refinancing the properties in the coming months, aiming to settle the director’s loan and repay HFBS, thus concluding a remarkable journey from potential disaster to successful acquisition. This case underscores HFBS’s commitment to providing flexible, timely financial solutions, reinforcing their position as a trusted partner in the bridging loan sector.

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.