It has been brought to our attention that a scam loans company called Loan4Help has been committing fraud by claiming to offer or advance “loans” to borrowers whilst pretending to be a trading company of Finance and Credit Corporation Limited. It is not. Loan4Help has absolutely no connection to Finance and Credit Corporation Limited.

It has also come to our attention that a third party has been contacting borrowers on a fraudulent basis by purporting to be Finance and Credit Corporation Limited and claiming to offer or advance “loans” to borrowers. This third party has been contacting borrowers on an unsolicited basis via the following email address: . Please note that our company Finance and Credit Corporation Limited is in no way connected with the third party and does not use or operate that email address.

These operations have been cold calling and emailing members of the public, fraudulently pretending to be or to be connected with Finance and Credit Corporation Limited, asking for upfront fees from borrowers and advancing monies in relation to purported “loans”. They have also sent documents to borrowers which fraudulently claim to contain the signature of the Managing Director of our company.

These operations have also been using the following telephone numbers to contact consumers: 0203 129 2514 and 0238 106 0723. They may also have been operating from other telephone numbers and email addresses.

Please note that Finance and Credit Corporation Limited does not cold call, send unsolicited signed “loan agreements” or ask for upfront fees. We strongly suggest that you call our Managing Director Elio Astone on 020 7722 7547 in advance of proceeding with any “loan” or if you have any further questions.

If you are contacted by Loan4Help, or any of the companies which appear to be involved in these frauds, you should also report them to Action Fraud on 0300 123 2040.

Bridging LoansClear & Simple

Fincorp is one of the UK's most established and respected bridging loan companies. For more than 25 years the company has been providing 1st and 2nd charge bridging finance on residential properties in London and Southern England. Our bridging loans vary typically between £100,000 and £10 million, and we lend up to 70% value of the property secured on the property. And because you deal only with decision-makers, your bridging loan requirements are always dealt with quickly and with the minimum of fuss.

Why Fincorp for Bridging Loans?

We're a Principal Lender. Customers are able to get a decision quickly on their bridging loan without having to wait for authorisation from anyone else. And there's no back-tracking at a later date. So that means when we say yes to a loan, we mean it.

Our approach to business is summed up in two words, Clear and Simple. We believe that bridging lending is a straightforward business, all too often complicated by lenders with their lack of transparency and reliance on the small print. We work hard to make your dealings with us as clear and simple as possible.

Our Criteria

  • Principal Lender
  • 1st and 2nd Charges
  • London and South East
  • Residential properties
  • Bridging Loans from £100,000 - £10 million
  • Up to 70% LTV

Enquiry/Application for Individual Applicants


10 Top Tips for finding the right bridging lender

Latest News

Demand for clear-cut lending rises

Earlier this year Which? Money announced that lenders are charging their customers a total of 39 different types of fee. It claims since the credit crunch hit the number and level of fees have been on the rise.
Apparently four in five two-year tracker mortgages charged a whopping £990 or more in set-up fees in 2010, compared to just one in five in 2007.
The fees include anything from booking and valuation fees, to charges for falling into arrears and even for choosing to take out your buildings insurance with someone other than your mortgage provider.
The research has further highlighted the pressing need for transparency in lending.
Since the credit crunch hit funding has been tight across the whole lending arena and borrowers have struggled to meet the strict lending criteria. The added confusion of fees is a further uphill struggle.
Borrowers may find a product with an attractive rate but not realise that hidden fees and costs could make the product much less cost effective.
Keeping it simple in specialist sectors
In specialist sectors like bridging hidden fees can be an even bigger issue because many consumers - and indeed some brokers - do not fully understand the product in the first place. Adding a myriad of fees to the mix and trying to help customers understand why is a tall order for even the most experienced broker.
Adam Tyler is chief executive officer at the National Association for Commercial Finance Brokers. He says in 2007 the organisation decided that, although unregulated, its members would disclose the commissions they would receive to their customers.
"The NACFB has always had a Terms of Business Agreement, so that customers can see upfront what fees they are going to pay," he says. "What we implemented in 2007 also meant that the commercial lenders should also disclose any commissions that they are paying to brokers."
Tyler says this has been in place now for over three years and lenders should be disclosing broker fees to their customers within their mortgage offer letters.
"We have also worked with the press and small business trade bodies to endure that a customer only uses a broker from the NACFB where the fee structure will be transparent."
But it's not just the fees brokers receive that are often shrouded in mystery for consumers. On many occasions product fees and things like exit charges are hidden so deep in the small print consumers are completely unaware of them.
Sue Anderson, spokesperson for the Council of Mortgage Lenders, says transparency is clearly important so that consumers can make an informed choice and understand the deal that they are choosing.
"Transparency sits at the heart of the current regulation system," she says. "The personalised key facts illustration is a key tool to ensure that consumers have full information about all the product features, including fees, of the loan they are choosing, and the Mortgage Market Review continues to place a high value on transparency."
Regular alerts by lenders to any changes in their tariff of fees and charges for the ongoing administration of the mortgage account are also a regulatory requirement.
But Anderson says transparency is not the same as uniformity, and it is entirely appropriate that lenders should be free to offer products with different fees, or fees calculated in different ways, so that consumers (and their brokers) can have choice and the ability to pick products that are a good fit for the individual customer's circumstances.
Making brokers' lives easier
"One of the ways in which a good broker can add value to the customer experience is by helping and advising them on comparing fees, as well as other features, of different loans."
For brokers, trying to explain the fees to consumers can be difficult, especially if the customer is blinded by the headline rate and is reluctant to see the negative side to the product.
Mehrdad Yousefi is an industry expert and former head of marketing for Bank of Ireland. He says transparency enables brokers to research all products and lending criteria in any lending marketing faster and more accurately.
"They are also able to provide an informed choice and allow their client to make a decision with all the available facts at their disposal," he adds. "Lack of transparency results in delays and sometimes the wrong decision since the broker may assume lender B's criteria is the same as the published criteria of lender A even when lender B has no published criteria sheet for instance."
Other examples include different redemption fees for the same product from two or three lenders where one has not published their fee structure to the broker and/or consumer at the outset.
Yousefi says it would be extremely helpful for all lenders to have a list of their fees and charges for new and existing customers published in paper format and online. He says this is already happening in 100% of cases in residential and buy-to-let mortgage markets. "Most consumers struggle to understand when fees are applied to the loans," he says.
"It is the lender's responsibility and the brokers role to explain this in writing and verbally. Again, 99% of responsible lenders/brokers explain this well these days."
As far as the bridging finance sector is concerned, there is room for further enhancement.
"The information sheet and website of some bridging finance companies should be improved to provide greater transparency to brokers and consumers generally and especially in the area of upfront fees including admin fees and arrangement fees," adds Yousefi.
Laying out the fee structure of a product from the onset makes life easier for brokers and consumers, which in turn helps promote lenders. Transparency in lending, it seems, is a win-win situation.
What the brokers say:
Jonathan Cornell, head of communications, First Action Finance
"I think transparency is crucial in every sector, especially in bridging where there are often exit as well as entry fees. Consumers struggle with working out what is good value in every sector whether its mortgage rates and fees or supermarket multi buys. Fortunately brokers are on hand to guide borrowers to the most suitable rates. Education is important but it can only go so far. Product innovation tends to make products more and more complex offering a greater choice and ultimately better value for borrowers. However, the more complex a product gets the greater the need for advice."
David Hollingworth, head of communications, London and Country
"As a general principle lenders need to be completely transparent in what they are offering especially as confidence in banks and financial institutions is at such a low. Consumers don't want to have to sift through every bit of small print to avoid being caught out. Regulation can help this process and also helps avoid confusion for consumers over what type of lending is covered and what isn't."
Melanie Bien, director of independent mortgage broker Private Finance
"Transparency is crucial for brokers when communicating with clients. There should be no ambiguity whatsoever about fees. The Financial Services Authority is very clear about the protocol that should be followed. We are very clear about how we are remunerated and ensure clients understand this right from the start. Those taking out bridging finance may also find it difficult to understand but this is why it is so important to seek independent mortgage advice before taking the plunge. Brokers have a duty to educate the consumer because the client comes to us for advice. The broker will start from scratch, spelling out what fees are involved and what effect they have on the cost of the mortgage. It is therefore extremely important that brokers are educated and trained well, and the regulator demands that this is the case."