BFS add weight to Underwriting Team
Bridging Finance Solutions has appointed Nick Lockley as Underwriting Administrator, as the growing short term specialist lender expands for its 15th consecutive year. Experienced financial professional, Nick, has a career that spans 30 years in banking, with the past decade spent in commercial real estate finance. Nick will be based at the BFS head office […]
Building a Families’ Future
Grandparents developing and building a new home for their three grandchildren have welcomed the support of a BFS development loan to enable them to complete the build. The clients are redeveloping a former barn in Wrexham, North Wales and had begun work when they approached the short- term finance specialist in order to complete […]
BFS Team Get Festive for Local Charities
The Bridging Finance Solutions team are digging deep with charitable endeavours this year, supporting local charities, The Hive, and Wirral foodbank. BFS has forged a long term partnership with the Hive having funded a full time Mentor Co-ordinator for the past two years, as well as support and sponsorship throughout the year. Members of […]
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 […]
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 development loan sees another scheme complete for Wirral housebuilder
Bridging Finance Solutions has confirmed a £1.1million loan to a developer who is currently approaching completion of a six-home scheme in Moreton, Wirral. The client had identified a derelict site, formerly used for commercial purposes, recognising the scope to create several homes subject to planning. Funding was needed to support the construction costs, and he […]
