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.

Fresh Chapter of Success for HFBS as it Introduces New Dream Team Member

We are thrilled to usher in 2024 at Holme Finance Bridging Solutions (HFBS), especially after celebrating a remarkable 2023. Last year was nothing short of extraordinary, with our completed volumes nearing a record-breaking high. This achievement reflects not just the vast expertise of our staff, who collectively bring over 170 years of experience to the table, but also the exceptional dedication of our introducers. A heartfelt thank you to each one of you for your invaluable contributions.

In light of our continued growth and unwavering commitment to delivering top-notch service to our introducer network, we are excited to announce a fresh face joining our underwriting team: Alasdair Broadbent. Alasdair, an accomplished individual with a first-class degree in Engineering, comes to us following a significant tenure at British Steel. While his journey to the financial sector may seem unconventional, Alasdair’s diverse skill set is a perfect match for our innovative approach. We are confident that his unique perspective and experience will be instrumental in further enhancing our team’s capabilities.

This addition, coupled with our intrinsic drive for excellence, positions us for even greater heights in 2024. Your support has been a cornerstone of our success, and we look forward to achieving new milestones together in the coming year. Here’s to a prosperous 2024!

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 Approves Conversion Project Bridging Loan

HFBS approves new bridging loan deal to rescue semi-commercial property conversion project without full valuation saves developer’s project from auction.

The client, who had a semi-commercial property with a current estimated value of approximately £250,000, faced challenges with their development project. They had originally planned to convert the property into two self-contained flats but had experienced cost overruns.

To get the project back on track, they needed an additional £25,000 to complete the work. HFBS, recognising the relatively small loan amount needed and the unique circumstances of the case, made the decision to proceed without requiring a full property valuation. This expedited the process and allowed the HFBS to offer a competitive interest rate of 1.95%.

HFBS was able to release the necessary funds in just five working days, providing the client with the financial support required to complete the project successfully. Dan Yendall-Collins, Senior Underwriter at Holme Finance Bridging Solutions “The broker who submitted this case expressed immense satisfaction with the outcome, as this bridging loan has placed their client in a position to complete the development as originally planned. This means they can now realise the true value of the property by selling the two self-contained flats on individual leases upon project completion, rather than having to resort to auctioning a half-complete single freehold unit.

HFBS’s swift and tailored approach in approving this bridging loan demonstrates their commitment to supporting brokers in unique situations and enabling them to achieve their property development goals. The success of this deal underscores the importance of flexible and innovative financial solutions in the ever-changing real estate market.

HFBS continues to provide creative financial solutions for property developers and investors, reinforcing their reputation as a trusted partner in the industry.

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.

Access Bridging Funding Regardless of Property Value.

Holme Finance Bridging Solutions is a leading provider of bridging advances for clients looking to secure short-term property financing. One of the unique features of our service is the fact that we offer bridging funds with no minimum valuation, which means clients can access funding regardless of the value of their property.

However, it’s important to note that Holme Finance Bridging Solutions may restrict the loan-to-value (LTV) ratio on lower value properties. This means that clients may be required to put down a higher deposit or provide additional security to secure the funding they need.

To keep our clients’ costs to a minimum, Holme Finance Bridging Solutions will consider a variety of valuation methods, including existing valuations, estate agent sales particulars, automated valuations, or our own visual inspection. This allows us to provide clients with a more efficient and cost-effective service, without compromising on the quality of  funding.

Existing valuations are typically provided by professional surveyors or valuers and can provide an accurate assessment of the value of a property. Estate agent sales particulars can also provide a good indication of a property’s value, although they are typically less reliable than professional valuations.

Automated valuations, on the other hand, use sophisticated algorithms to calculate the value of a property based on a range of factors, including its location, size, and condition. While they can provide a quick and easy way to value a property, they are not always accurate and may not take into account specific features or issues with a property.

Finally, we may also conduct our own visual inspection of a property to assess its value. This can involve a site visit by a member of our expert team who will conduct a visual inspection of the property and take into account factors such as its location, condition, and any other relevant features.

Ian Broadbent, Managing Director at Holme Finance Bridging Solutions says: “We make it our business to provide a flexible and efficient service that is tailored to meet the individual needs of our clients. By offering bridging funding with no minimum valuation and considering a range of valuation methods, we are able to provide clients with a more cost-effective and convenient solution to their short-term financing needs.”

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.