Chip Shop

HFBS saves 80-year-old's chip shop property purchase

Holme Finance Bridging Solutions (HFBS) has provided a £100,000 loan within four working days to assist in the purchase of a commercial property.

An 80-year-old investor needed funds in order to complete the purchase of a chip shop after the sale of his buy-to-let (BTL) property fell through at the last minute.

HFBS provided the £100,000 shortfall to ensure the deal went ahead and secure the client’s aim of generating additional retirement income.

Ian Broadbent, director at HFBS, said: “Our client had very limited options due to his grand age of 80 years.

“We required a valuation on this deal, but we were able to arrange a quick drive-by valuation to satisfy our requirements.

“Also, independent legal advice was necessary but, thankfully, all due diligence was satisfactory and we were able to payout within four working days.”

This latest deal comes just weeks after HFBS funded the refurbishment of a vacant BTL property in just four days.

The company boasts an average completion time of less than seven days from enquiry to money in the bank.

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