Fincorp Offers Fast Bridging Loans for UK Auction Property Buyers

Fincorp, a leading UK bridge loan provider, offers fast bridging loans to help home auction buyers seal their deals with auction property sellers.

London, United Kingdom (prHWY.com) January 16, 2013 - London, United Kingdom (November 27, 2012) - Fincorp, a leading UK bridge loan provider, offers fast bridging loans to help home auction buyers seal their deals with auction property sellers. These loans allow buyers to bid with confidence on their desired lots without having to worry about the funds needed to secure the transaction.

Many people are forced to sell off their homes simply because they could not afford to keep up with the mortgage payments, and therefore are forced to dispose off their homes. But not all buyers have the needed funds to immediately close a deal.

A short-term loan allows buyers to bid on the properties knowing that they have ready cash on hand. With these funds, they can close the deal and give some money to the sellers to seal the transaction. In effect, this is "good faith" money and secures a deal till such time the buyer can come up with the rest of the sellers' asking price.

Bridge loans are so called since they span, or bridge, the time that a property buyer acquires a property and the time that they can find more stable funding avenues from banks or other lending institutions. These short duration loans are for people still in the process of buying the property they want and selling their own property.

But like any other loan instruments, these loan options need to be thoroughly studied. Fincorp helps people know the nuances of bridging loans and what their options are when they get it. Aside from short term loan instruments, Fincorp also offers fast auction finance services to help buyers get their desired properties at auction.

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

About Fincorp

Fincorp is the UK's principal and one of the most respected bridge-loan providers. Their reputation for speed and flexibility is unrivalled in the industry, one of the primary reasons that UK property developers and speculators have come to rely on them.

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Tag Words: bridging loans, auction finance

Categories: Finance

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