Fincorp bridging finance saw a 68% uplift in volumes during 2013

Fincorp bridging finance has said a large part of the rise was due to an increase in business introduced by intermediaries delivering quality introductions.

Matthew Anderson, director at Fincorp, said: “2013 has been a terrific year for us at Fincorp. We’ve expanded the business considerably thanks to several key relationships we have with brokers and we’d like to thank them for that.

“We’ve also seen a much broader base in terms of the type of loans we’ve been writing – we have always done a lot of business as a result of people buying at auction, but this year we’ve seen more developers looking at light refurb projects.”

Fincorp has also increased the volume of business done on commercial second charge loans, commercial property acquisitions and several big-ticket prime London residential development deals. Its largest loan in in 2013 was £8m, whilst its smallest was just £100,000.

Fincorp attributed much of its success to various partnerships it has developed over the year, allowing it to expand its geographical reach south from London into Brighton and the surrounding areas, as well west to Bath, Bristol and the surrounding areas.

Vision Finance specialises in arranging bridging finance for property developers and for auction purchasers. Fincorp, one of the lenders on our panel, offers borrowers a “no nonsense” approach to bridging finance, charging one flat rate and no fees on arrangement or exit.

Please speak to our bridging team on 0207 206 2500 or email to discuss the current market and the ways bridging can help.