News & Views

Leading bridging lender joins NACFB

A leading lender in the bridging market has shown its dedication to the broker community by becoming a member of the National Association of Commercial Finance Brokers (NACFB).
Specialist lender Fincorp operates primarily in the London and South East market and offers 1st and 2nd charge loans from £150,000 to £5,000,000. Its directors, who have a combined experience of over 70 years in the finance industry, recognise that the need for good, sound advice will grow as a result of the downturn as consumers become keener to know they can trust the products they are taking out. As such the lender wants to assure both brokers and customers of its credentials.
By joining an organisation with the standing and reputation that the NACFB enjoys, Fincorp is able to do this.
"Whilst we have been in business for over 20 years, up until 2008 we relied mainly on repeat business from a core of long standing clients," says Matthew Anderson, director at Fincorp. "Since 2008 the bridging market has changed dramatically and more and more borrowers are reliant upon brokers to source their finance solutions. We are responding to this change in a number of ways, and it is hoped that our membership of the NACFB will further raise Fincorp's profile with their broker membership."
Fincorp's mantra is clear and simple lending - something which its directors see not as a marketing slogan but rather as the cornerstone of all of its lending. In keeping with this, Fincorp's products have no hidden fees and no upfront charges. Fincorp can lend up to 70% of the property value, secured on the property.