Ian Broadbent

HFBS reports second-best month in almost 20 years

Holme Finance Bridging Solutions (HFBS) has celebrated its second-best month since it started trading in 2000.

In May 2019, the bridging lender achieved lending volumes nearly double that attained in the same month in 2018.

Ian Broadbent, director at HFBS (pictured above), said that while month-on-month completion figures could fluctuate significantly, due to the careful addition of introducers to its panel and increasing recognition of its ‘niche’ place in the market, trends had been on the rise over the long term.

“May was exceptional and a great test of our small team, which they passed with flying colours,” he said.

The lender has also received a significant increase in its private funding lines. 

Ian added that it was pleased to have the support of a number of individuals providing funding lines.

“The long-term nature of these relationships built on an exceptional track record of performing accounts has been rewarded with regular increases in the level of funds available for our lending.

“We anticipate that this sensible, organic rate of growth will enable us to remain as a long-term player in the market.” 

He added that Brexit has had little negative effect on its business. 

“Many bank and high street lenders remain reluctant to support the most basic of loans, never mind the riskier more entrepreneurial requests.

“We were one of the first companies to be involved in this industry, and experience really does count. 

“Bridging loans are nothing new, but the sector has benefited from an increase in understanding and awareness among everyday people like you and me.”

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