Fincorp Shares Advantages of Getting Residential Bridge Loan Funding

Getting a traditional mortgage is a common avenue that many people take when they want to buy a house, or when they want to refinance their existing mortgages.

London, United Kingdom (prHWY.com) January 16, 2013 - London, United Kingdom (November 27, 2012) - Fincorp Ltd, the UK's leading bridge loan source, helps home buyers purchase their lots by providing them with funds to span the time gap between purchasing a property, and making loan arrangements with lending institutions. However, aside from property purchase and improvement, bridging also gives people a host of other benefits as well.

Getting a traditional mortgage is a common avenue that many people take when they want to buy a house, or when they want to refinance their existing mortgages. However, getting a mortgage can be a long and tedious process, especially during this business environment where creditors are making more strict checks. These checks can lead to more delays and being turned down with their applications.

Although the main purpose of short term bridging finance is to secure the purchase of a house at auction, these types of loan arrangements have wider applications, offering both home and business investors quick access to financing with the least amount of red tape. Compared to a mortgage, people can get bridge funding within a week from the date of application.

Bridge funding options helps companies generate additional working capital for procuring additional business assets and inventory. These can also used to pay off existing liabilities, restrain repossessions, and clear a company's CVA.

Fincorp is offering UK homebuyers swift and stress free bridge funding application options. They do not charge any hidden fees, offering a competitive static rate throughout the life span of the loan. The loan can then be repaid for a period of 360 days. Should the borrower choose to, the payment period could be extended without any extension fees.

For more information, visit www.BridgingLoanSFC.co.uk.

About Fincorp Ltd

Fincorp Ltd is a leading bridging loan provider in the UK. The company specializes in providing short-term finance for residential properties, with loan amounts ranging from £150,000 to £5,000,000. They provide loans of up to 70% of a home's value, and are pliant for the duration of the loan. They operate in London and the surrounding areas.

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Tag Words: bridge loan, bridging finance

Categories: Finance

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