Short Term Finance Firm Fincorp Offers Auction Finance Services In UK
Fincorp, one of the UK's more established and respected bridging loan providers, offers quick and easy auction finance services in the UK.
Bridging finance is a short term finance solution for linking the gap between the times when funds are required, and when they are available. This type of financing can be tailored to fit the needs of clients, depending on the situation that it will be utilized for.
Bridging loans can prove helpful in situations when a buyer finds a great opportunity at an auction, but time constraints do not allow enough time to secure conventional bank financing. Banks typically require between 30 to 60 days for financing a real estate loan. Institutional lenders may take longer.
Properties are sold at auctions due to a host of reasons. Repossession, absentee owners, or the owners have passed on and the heirs do not want to maintain the property. However, the more dominant reason is that owners want to get the proceeds at the soonest possible time.
Auction finance offers property auction buyers a ready stream of financing. Bidders need to arrange for this short-term finance solution before they come to the auction.
Many of Fincorp's clients are those bidding for properties at auctions. Bidders rely on Fincorp's extensive experience to provide them a streamlined service and speedy access to funds, allowing them to bid on their desired property with confidence.
For more information about Fincorp, get in touch with them at (020) 7722-7547 or visit their website at www.bridgingloansfc.co.uk today.
About Fincorp Finance and Credit Corporation Ltd
Fincorp has been providing short term finance for the past 20 years. Fincorp's reputation for speed of service is unmatched in the industry. Their main area of operation covers London and the surrounding areas.
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Tag Words:
auction finance, short term finance
Categories: Finance
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