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

Misleading advertising undermines bridging professionalism

Some bridging lenders are deliberately luring borrowers into low monthly interest rate loans that end up costing them thousands of pounds more than they anticipated when fees are slapped on top, Fincorp has claimed.

Nigel Alexander, director of Fincorp, said he fears the increasingly competitive market for bridging is “pushing lenders to compete more desperately” with lenders claiming they’ll offer rates “from” lower and lower levels, but they can’t and don’t deliver in reality.

Alexander said: “We are increasingly concerned that brokers are being seduced by headline rates that are simply there for show. Most lenders aren’t actually agreeing deals at the rates they’re advertising but brokers and clients are being drawn in. The problem, in our view, is that some of these lenders then agree terms that are too short to be appropriate for the deal, clients default on the original terms and then they’re left facing penal rates of interest, default fees, and extension fees – often up to 2% a month, and in some cases backdated to the start of the loan.

“This is bad for consumers and should be a cause for concern.”

The claim follows the latest figures from the West One Loans bridging index that showed on a bi-monthly basis, bridging interest rates averaged 1.19% between 1 January and 1 March 2014. This was slightly higher than was seen in the final two months of 2013, when the average interest rate had reached a low of 1.11%. However, interest rates remain significantly lower than a year ago. Average monthly interest rates were 1.19% over the 12 months to 1 March 2014 compared to 1.34% per month over the previous 12 months.

Some lenders now advertise monthly rates from below 0.7%.

Alexander said: “In many ways competition has been fantastic for the bridging market, driving up standards, increasing professionalism and encouraging more money into a sector that provided much needed funding for property professionals but which had been abandoned by the high street banks. But we are sensing that competition is getting ever more fierce this year and it’s causing lenders, who need to lend their investors’ cash to generate returns, to get involved in a deal grab.

“Ultimately, though, they can’t generate the returns their investors want and need by honouring the interest rate they promised borrowers and brokers to get the business through the door – they’re relying on the borrower needing to extend the loan and pay through the nose – but by then, they’re sitting ducks.

“It’s not good for the industry or for customers to let it go down this road.”

Following supervision of consumer credit transferring to the FCA in April, the FCA suspended Amalgamated Finance Limited’s regulated bridging permissions pending the lender complying with the regulations. One of the terms in the FCA’s notice made reference to the firm’s failure to adhere to the “requirement not to oblige the debtor to pay increased interest on default under section 93 CCA”. It found that “no debtor is liable under any contract for default interest claimed in contravention of the requirement in section 93 CCA (having regard to section 173 CCA)”.

Alexander added: “The sad truth is some bridging lenders are relying on default interest to fund their investors’ returns by hoping borrowers need to extend loan terms. We see borrowers suffering the fall out and know it’s happening.” Gross bridging lending hit £2.02bn in the 12 months to 1 March 2014, an increase of more than 26% compared to the previous 12 months, according to West One’s figures.