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


Why are we all so hung up on regulation?


Regulation, regulation, regulation. We hear about it time and again in the bridging sector. To be honest, it’s getting a bit boring. Why? Because the point is moot in my opinion. Bridging itself is no more in need of regulation than buy-to-let. The vast majority of bridging – or short-term finance more accurately - is a commercial decision, albeit in the residential property market.

These are experienced landlords and property developers looking for reliable and fast finance to fund commercial projects. Regulation is only helpful when there is a consumer to protect – and 95% of bridging is business.

So why are we all so hung up on regulation?

Perhaps the most obvious reason is that the regulator – formerly the Financial Services Authority but now the Financial Conduct Authority – waded into the debate on the bridging market when it published its second Mortgage Market Review consultation paper in late 2011.

It raised concerns anecdotally, saying it had heard of consumers being urged to take short-term bridging in situations they should have been taking a mainstream residential (and therefore regulated) mortgage. Because of the credit crunch and the banking crisis borrowers couldn’t find a deal as lenders, as we know all too well, have been far tighter on their criteria than pre-2008.

But while I have full respect for the FCA taking a stand against this type of customer abuse I think it is fair to say that it is a tiny minority of the bridging market that succumbs to this type of lending – if any at all.

That’s not to say the bridging market and all lenders are whiter than white. There has been much evidence published in various trade magazines showing that some lenders are tying their borrowers up in opaque paperwork, others are charging exorbitant rates of interest, penal rates of interest are being applied, backdated to the start of a loan if it fails to repay on time and there are those still charging sky high fees and then pulling out of doing the loan last minute.