HFBS celebrates record month post-Brexit

HFBS celebrates record month post-Brexit




Holme Finance Bridging Solutions (HFBS) has celebrated achieving record lending levels in July following a surge in broker approaches in the wake of Brexit.

HFBS revealed that its policy of making instant decisions, not imposing changes in criteria on pipeline deals and honouring an agreed advance had drawn brokers to the firm amid a period of financial uncertainty.

Last month, HFBS relaxed its lending criteria on second charges in order to support smaller entrepreneurs after the EU referendum.

Ian Broadbent, director at HFBS, said: “We are in the business of supporting our brokers and individual clients with a genuine short-term need, and consistent, reliable lending decisions are key.

“A lot of lenders ran for hills post-referendum, but we haven’t because demand is there and we’re simply giving our brokers what they want – a good working relationship, quick turnaround of funds, and simplicity.”

HFBS boasts an average completion time of less than seven days from inquiry to money in the bank, as the firm requires no solicitor involvement, no minimum valuation and is entirely privately funded.

HFBS also claims to offer the lowest second charge mortgage rates in the bridging sector, with products starting at 0.95% a month on advances from £50,000. 

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