FRAUD ALERT:
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: financeandcreditcorporationlim@gmail.com . 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


The broker fee debate


Interview with Matthew Anderson
Fincorp's view: The broker fees debate

The debate surrounding how brokers should be remunerated rages on and the industry is split. While the need for advice has become more apparent since the credit crunch hit and the markets tightened, how that advice is paid for is still undecided. Should brokers charge fees up front to a consumer? Or should the costs lie with the lender? Matthew Anderson, director at Fincorp gives his opinion.

Where do you stand on the broker fees debate?

I think people loathe having to pay brokers. But most people don't have the time or knowledge of where to go to find the best product. Consumers may begrudge paying brokers but it's money well spent. In terms of the argument for and against paying fees direct, most brokers are paid on success. Some people pay an awful lot of money up front without getting any guarantee of success. We're strongly against this. Most of the brokers we work with are happy to be paid on success. Most of us in the bridging world pay the introducer.

Why do Fincorp choose to pay commission out of their own pockets?

Our message is 'clear and simple', that means no fees. A lot of people in bridging muddy the waters by charging certain fees. We think it's simpler to offer one flat rate and make it uncomplicated. If we pay broker commission out of our own resources then that's our own choice, there's no burden on the consumer.

Do you think consumers are more willing to pay fees following the credit crunch?

I think with products like mortgages, fees are becoming more and more commonplace. People can be perturbed when the fee is added to the loan. Consumers don't like not knowing what they are paying.

How difficult is it for brokers at the moment?

Brokers operate in a difficult market. A lot of mortgage companies go direct to consumers and the days of being a mortgage broker and making a nice, comfortable living are gone. What we're finding in the bridging environment is that brokers who might normally have referred a bridging enquiry to someone else because they didn't know too much about the sector, are now interested in taking them on themselves.

We're getting a lot of calls asking how bridging finance works. Brokers will also want to know what's in it for them. Just like mortgage lenders would pay brokers for passing on clients we'll pay them for their business and hopefully they'll continue coming back to Fincorp.