Fast funding for probate property to avoid possession
BFS has provided a bridging loan of £134,000 to a client seeking fast funds to repay an outstanding mortgage on an inherited property, along with additional refurbishment funds for necessary work to modernise the property, leading to an eventual sale with a reasonable profit. The client had left his father’s property in probate. However, an […]
Seventh scheme funding in place for repeat business client
Bridging Finance Solutions (BFS) has agreed to fund its seventh scheme for a Wirral-based property development client. BFS has worked collaboratively and in partnership with the growing development company, which has now acquired a large site in leafy Oxton in Wirral, with plans to build seven large detached four and five-bed properties. The former nursing […]
Opening the door to probate
BFS has reported a spike in probate enquiries and cases with an increased number of clients using bridging to access funds tied up in probate in line with Age UK’s ‘Free Wills Month’. This trend is aligned with an upturn in clients exploring alternative ways of sourcing short-term finance to plug an immediate funding gap. […]
BFS get busy at the Hive
Bridging Finance Solutions has strengthened its partnership with the Wirral youth charity, The Hive, through its continued funding of a full-time Mentor Co-Ordinator role. This essential role at the Wirral-based charity has been threatened following cutbacks in local authority funding and support. This is the second year running that the BFS has thrown its weight […]
Bank of Mum and Dad comes to the rescue
Bridging Finance Solutions has reported a steep increase in the number of clients securing bridging loans to support their children by purchasing the property. Young aspirational homeowners keen to take their first steps onto the property ladder are faced with unaffordable house prices coupled with rising interest rates and reluctant lending. Increasing the deposit size […]
A ‘No’ from the Banks doesn’t mean your project can’t happen.
BFS has agreed to fund a development scheme in idyllic West Sussex where a husband and wife team are now set to transform a disused barn into their dream home. The long abandoned barn will be rebuilt and converted into a stunning four-bed property which the couple will move into upon completion. With 25 years […]
Covid debt doesn’t block property refurbishment
BFS has provided a bridging loan to a client with poor credit, yet keen to stay on the property ladder, having acquired a mid-terrace flat in East ham, London, via auction. Unfortunately, the acupuncturist fell into a mortgage and household arrears due to a lack of income during Covid. This resulted in him being given […]
BFS help make another self-build happen!
Bridging Finance Solutions has supported another self-builder with their ambitious development plans, providing funding for a modern five-bedroom home on Llangefni, Anglesey. The client, an Electrical Engineer and Chief Legal and Compliance Officer had acquired the land and begun the build-up to plate level. A traditional mortgage was not an option due to the development […]
BFS say yes to sibling funding
A sibling development team have secured a £234,000 bridging loan from Bridging Finance Solution in order to redevelop a three-bedroom semi-detached property in Alderley Edge, Cheshire. The duo were unable to secure a standard mortgage due to the extent of refurbishment works. High street lenders typically require an electrical and EPC update before a mortgage […]
BFS exhibit and entertain at major finance expo
Bridging Finance Solutions has once again exhibited at the NACFB conference, the UK’s largest intermediary-led specialist finance trade show. A large delegation from BFS travelled to Birmingham’s NEC to meet fellow exhibitors and delegates and share information on the business and the products available whilst keeping visitors entertained with their very own on-stand magician! This […]
