Holme Finance Bridging Solutions provide bridging loan for repeat client

By Bridging Loan Directory 9th November 2022

Holme Finance Bridging Solutions secure repeat business through the speed and success of a previously completed deal.

HFBS were specifically requested by a broker’s client to fund the latest in an auction property purchase for developer looking to buy, renovate and sell on investment quickly.

HFBS were approached to assist with the funding of £142,000 as a second charge on the developer’s home address.

Following a first charge of £300,000 HFBS were able to complete the deal using a valuation completed for a previous funding deal of £150,000 back in 2020.

Dan Yendall-Collings, Senior Underwriter at HFBS says:

“We didn’t have any hesitation in supporting this developer once again.

Being able to use a previous valuation ensured the deal could be completed quickly providing the developer with the confidence to move ahead with his latest investment”

It took HFBS four working days from receiving the application to the £142,000 pay out.

They agreed the loan over 12 months at an interest rate of 0.99%pm with the planned sale of the development property securing repayment of the loan.