The lender received a request for a sizeable loan from property acquisition specialists London and District. The client needed the money quickly in order to complete a deal and Fincorp was able to agree to the deal and release the funds to the client within two days.
Mark Smith, managing director, London and District Housing, said: “London and District have been using Fincorp since the early 1990’s and it has always provided speedy service with its transactions. Fincorp definitely has a place in the current market, this is proven by the fact it managed to turn around a deal for us in 48 hours from the first phone call to drawdown.”
Matthew Anderson, director of Fincorp, added: “At Fincorp we pride ourselves on being a lender clients can rely on when they're up against it and our clear cut lending helps us to assist them quickly and with minimum fuss. We're very pleased to have been able to help Mark.”
Because Fincorp is a principal lender customers are able to get a decision immediately without having to wait for authorisation from anybody else.
Fincorp specialises in residential property loans, primarily in London and the south-east. It can lend anything from £150,000 to £5,000,000, with no minimum or maximum period and loan up to 70% of the property value, secured on the property.
