Holiday Let Purchase Saved by HFBS

EAST RIDING, U.K. - April 25, 2018 - PRLog -- The purchase of the Portishead holiday let relied on the sale of an overseas property but at the point of exchange the deal could no longer go ahead as planned due to a delay with the exchange on the overseas property. Unprotected by different rules abroad there was no obligation for the overseas property to complete at a specific time or date leaving the client facing heavy penalties for not completing on his purchase in the UK.

Dan Yendall-Collings, Senior Underwriter at Holme Finance Bridging Solutions says: "With £150,000 short to complete the deal and the prospect of loosing a £125,000 deposit we were recommended by a broker who knew we could meet the tight deadline. Saving the client considerable losses we prepared the relevant documents, valued the holiday let, and completed the deal in one week with one very happy client. The funds from the sale of the overseas property will be our clients exit strategy which will be coming through shortly."

With an average completion taking less than seven days from enquiry to money in the bank, no solicitor involvement, no minimum valuation, and entirely privately funded, no bank mandates, no fixed rules, HFBS really mean business.

HFBS offer one the LOWEST second mortgage rates in the bridging finance market starting at just 0.95% month on advances from £5,000. HFBS Bridging Solutions have been advancing short-term funds, via a limited panel of intermediaries, for over 15 years with complete authority on their lending. Simpler, quicker, cheaper.

Finalists in the Best Bridging Lender category of the Financial Reporter Awards 2018. https://www.hfbridging.co.uk