London, UK (June 26, 2012) – Fincorp, one of the UK’s most well known short term finance providers, is offering super quick auction finance to London and South East clients buying properties at auction. Clients of Fincorp rely on them to provide a streamlined service and speedy access to finance so they can take advantage of opportunities to acquire properties at below market prices.
Auctions are an excellent way to buy properties competitively. The greatest thing about buying at auction is that property investors can avoid the usual long process of a buying property. At auction, it happens the moment the bid is accepted and the gavel falls. Instead of taking months, it only takes minutes.
However, once the gavel goes down at auction, the buyer and the seller have effectively exchanged contracts, and both parties are bound to meet those terms or else face lawsuits. That is why property buyers need to make financial arrangements prior to auction. They need to have a ten percent deposit on auction day and come up with the remaining ninety percent within 28 days.
Fincorp understands that buying a property is a stressful enough without having to worry about whether there will be access to funds in time. Bidders can actually lose their ten percent if they don’t come up with the rest of the money.
Because Fincorp is a small company and the principal lender, they can offer a super quick auction finance solution. They can arrange a loan within days with minimal red tape so that the funds will be available in time for completion.
To learn more about Fincorp’s short term finance solutions for auctions and other property deals, visit their website at www.bridgingloansfc.co.uk or call 020 7722 7547 today.
Fincorp Finance and Credit Corporation LTD has bridging finance specialists who have been providing short-term financing solutions for over 20 years. Directed by a small team of highly experienced property and finance professionals, they offer the benefits of speed, personal service, and no-fee bridging finance.