Fact file:
Loan agreed £20k net plus roll-up interest
Loan term: 12 months
LTV: 18%
Time of deal turn around: 7 days
Reason for loan: Relocation from London to Cornwall and new business start-up

The client was in full-time studies and living off the rental income through his buy-to-let property in London.

After graduating, the client wanted to get a business idea off the ground that required a relocation to Cornwall. He only needed a small amount capital to invest and relocate while his property was on the market.

The client had no lending issues to overcome and HFBS advanced the loan after interviewing him on the phone and completing the paperwork, which was all done without a solicitor being involved.

Ian Broadbent, Director at HFBS, said:  “Obtaining the loan couldn’t have been more simple.

“A straightforward first charge on his investment property, a two-page application form, no need for solicitors or a valuation, no upfront costs and a flexible approach to the size of advance required meant that we could meet his needs in just seven days.”

The broker, Simon Silk, Mortgage Advisor for Norton Finance & Mortgages Ltd, said HFBS provided was a great service.

“Introduce a case to HFBS and within two days of the customer coming back confirming that they want[ed] to proceed, they paid the case out.

“Seven days from start to finish – no hassle and commission paid instantly.

“One Email from me was all that was needed to get the case up and running. I would use [HFBS] again and would highly recommended [it].”