HFBS Approves £30,000 Bridging Loan

Holme Finance Bridging Solutions Approves £30,000 Bridging Loan for Tyre Fitting Business Owner’s Property Renovation

Holme Finance Bridging Solutions (HFBS) has successfully approved a £30,000 bridging loan for a client looking to enhance the sale value of their commercial property.

The property, valued at £100,000 in its current state, served as storage for the client’s tyre-fitting business. With retirement on the horizon, the client sought to renovate the property and prepare it for sale at an optimal price.

The client’s primary goal was to carry out essential repairs and maintenance, including a new roof installation, electric roller shutters, internal painting, and repairing the hard-standing area at the rear of the property. These improvements were projected to increase the property’s market value to £150,000, making the investment highly worthwhile.

The approved loan enabled the client to fund the works swiftly. HFBS lent the funds at a competitive rate of 1.95%, using the property’s current valuation to underwrite the deal. With the loan secured and funding lined up within a week, the client was able to commence renovations immediately.

Dan Yendall-Collings, Senior underwriter said: “We were more than willing to look at the proposed deal and back it. The uplift in the property’s value not only makes this deal worthwhile but also increases its desirability for potential buyers, with the aim of achieving a faster sale. Win, win all round”

This successful approval highlights the flexibility and speed with which HFBS can provide tailored financial solutions, helping clients unlock value in their property assets and achieve their long-term goals.

HFBS Champions Bridging Finance Offering Unmatched Flexibility and Low Rates

In the dynamic and often unpredictable world of finance, having access to quick, temporary funding can be the difference between success and financial struggle. Holme Finance Bridging Solutions (HFBS), a pioneering company with over 40 years of experience in the industry, is helping individuals and businesses navigate these challenges by providing versatile and highly effective bridging finance solutions.

Bridging finance has emerged as a powerful financial tool, offering immediate funding for those in need of short-term solutions. HFBS stands out as a leader in this space by offering one of the lowest second mortgage rates in the bridging finance market, starting at just 0.95% per month. With advances starting from as little as £5,000, HFBS is uniquely positioned to serve a wide range of clients, from property investors to homeowners and small businesses.

HFBS’s approach to bridging finance is marked by unparalleled flexibility. Unlike many lenders that are bound by strict guidelines and bank mandates, HFBS offers privately funded loans with no solicitor involvement and no minimum valuation. This means that loans are processed with remarkable speed and efficiency, a critical advantage in situations where timing is everything.

“HFBS has complete authority over our lending decisions, which allows us to tailor our services to the unique needs of each client,” said Ian Broadbent, Managing Director of HFBS. “We have no fixed rules, no default rates, and our loans are entirely privately funded, giving us the agility to provide solutions where others may not.”

This level of flexibility is a rarity in the market, making HFBS a standout choice for those who require fast and reliable financial solutions. Whether it’s to bridge the gap between property transactions, cover urgent expenses, or navigate unexpected financial hurdles, HFBS delivers the support their clients need—without the usual roadblocks associated with traditional lenders.

HFBS’s commitment to serving their clients with innovative and accessible financial solutions continues to set them apart. With their highly competitive rates, a track record of over 40 years, and a deep understanding of the market, they remain a trusted partner for those seeking short-term funding.

For anyone in need of bridging finance, HFBS not only offers a lifeline but a strategic advantage in navigating financial complexities.

Contact the team to enquire

A Lifeline for Motorhome Purchase Amid Property Sale Delay

In the fast-paced world of financial solutions, bridging finance stands out as a versatile and effective tool, providing temporary funding to individuals and businesses in times of need. A recent case illustrates this perfectly: a client who successfully secured a £30,000 net loan to purchase a motorhome in time for the summer break, despite an unexpected hiccup in the sale of his investment property.

The client had been eagerly looking forward to the summer, planning to enjoy it in a new motorhome. With a property on the market and a sale already agreed upon, he confidently committed to purchasing the motorhome by paying a non-refundable deposit. This was an exciting step, especially since he had already sold his old motorhome to make plans for an adventurous tour.

However, just as he was ready to move forward, the sale of his investment property fell through at the last minute. This unexpected setback posed a significant challenge, as the client needed the funds from the property sale to complete the motorhome purchase. Despite the setback, he remained optimistic, believing that a new sale could be agreed upon quickly, given the high demand for properties in that area. But time was of the essence, and he couldn’t afford to let his summer plans fall apart.

Faced with this urgent need for funds and lacking the income for unsecured term borrowing, bridging finance from HFBS emerged as the ideal solution.

The client’s investment property, which was vacant and, on the market, had a value well in excess of £100,000. This allowed HFBS to approve the loan without requiring a full valuation. The deal was approved at an attractive rate of 1.39%, with a roll-up of interest agreed for up to 12 months. This flexible arrangement provided the client with the financial breathing room he needed, although he anticipated repaying the loan much sooner once the property was sold.

One of the remarkable aspects of this bridging finance deal was the speed at which it was executed. Understanding the urgency of the client’s situation, HFBS worked efficiently to disburse the loan. From application to payout, the entire process was completed in just four days, ensuring the client could proceed with his motorhome purchase without further delay.

Dan Yendall-Collings, Senior Underwriter at HFBS said: “While not a typical reason for borrowing on a bridging loan, this case exemplifies the versatility and efficacy of bridging finance in addressing unique and urgent financial needs. The client’s successful acquisition of the motorhome in time for the summer highlights how bridging loans can provide a crucial lifeline, enabling individuals to overcome temporary setbacks and achieve their goals. For anyone facing similar situations, this case underscores the importance of considering bridging finance as a viable and swift solution to short-term funding challenges.”

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 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.

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.