Fast Bridging Finance at Its Best
BFS has completed yet another deal in Scotland in what advisers describe as, ‘the original purpose of bridging’. In this case, the clients longed-for property came onto the market, however, their property had not yet sold and with pressure on from other interested parties, time was of the essence. Andy Greenhalgh of BFS explained: “This […]
Kickstart Your Buy to Let Portfolio
BFS has supported yet another Scottish client, providing a short term bridging loan of £70,000. The client was keen to kickstart a buy to let portfolio with his first purchase, a terrace property in West Calder, bought at auction. Auction rules require full payment within 28 days of the purchase and where funds aren’t immediately […]
A Profitable Extension
Bridging Finance Solutions (BFS) has finalised a bridging loan for developers who are transforming a three-bed bungalow into a stunning two-storey four-bed home in Harrogate. The client had begun the conversion in 2019, however, works stopped abruptly due to Covid. Attempts to sell the scheme partially complete led to considerably reduced offers, and a […]
Age isn’t always a barrier at BFS
BFS has supported a 79-year-old client with their forever home development, providing a £150,000 bridging loan. The Yorkshire-based client is developing and building a 3000 sq ft detached home on the grounds of her former home, sold last year. Working in partnership with her son, who is also managing the project, the build is […]
Five Tips for Funding Property Development
Securing the right funding for your project is one of the most important steps in any property development. For many developers, whatever your level of experience, this crucial step can be a real challenge in certain situations. We’ve compiled some top tips for property developers to help you secure that all-important funding when the time […]
BFS build momentum North of the border
The ongoing expansion of Bridging Finance Solutions (BFS) continues as the specialist lender makes its mark on the Scottish market. The FCA regulated firm is seeing strong uptake of its bridging loans across Scotland. Lee Gilmore of BFS commented: “There are very few regulated lenders in Scotland. At BFS, we manually underwrite all […]
Client Needed Funds in Ten Days!
BFS prides itself on its expertise and ability to complete projects within the most challenging of timeframes, as was the case with this latest deal. BFS’s Adam Wolstenholme was contacted by a new broker client with an urgent loan application that required a completion within 10 days. The application was reviewed within 30 minutes […]
BFS Say Yes to Expat Lending
BFS has completed an overseas short term financing deal, supporting an ex-pat client in reaching his Dubai property goals. The client, an expat living in Dubai, approached BFS to provide a regulated bridging facility secured against a UK rental property. The bridging loan would be used to raise the deposit for a new residential purchase […]
Hammer time
BFS has once again supported a client in securing and developing an investment property purchased at auction. The client had identified a three-bed bungalow in Greater Manchester to be sold via online auction. With a ceiling at which the client was prepared to reach, they approached BFS in advance to discuss the proposition. Having agreed […]
Self-Builders Create the Perfect Hideaway
A self-build couple have secured a significant development loan from BFS, enabling them to build their dream home named, ‘The Hideaway’. The first time self-builders had already purchased the land, securing approval for a large four-bed detached property, with spacious gardens and extensive landscaping. Upon completion, the couples parents will move in with them and […]
