Fincorp first bridger listed on Avelo Trigold Prospector

By Bridging Loan Directory 19th June 2013

Fincorp is the first bridging lender to be listed on the Avelo Trigold Prospector platform after signing a deal that could see bridging start to become much more mainstream.

Avelo Trigold said it had signed Fincorp up on an exclusive basis initially after brokers using its Prospector platform had asked for bridging to be included in the search system.

From this week brokers will be able to search for Fincorp’s bridging loans using the loans tab on Trigold and then drilling down into the bridging loans section.

Brokers can either fill in an application form and submit it online to Fincorp through the Avelo Trigold system or they can review Fincorp’s criteria and then pick up the phone to a Fincorp director who will be able to give them a decision on the loan there and then.

Matthew Anderson, director at Fincorp, said the deal worked because Avelo Trigold and Fincorp “shared the same values and met the same high standards” of business conduct.

“Trigold is such an important platform for brokers, many of whom know a little about bridging and appreciate the access Trigold is giving them to the short-term market,” he said.

“We’re pleased that Avelo Trigold has decided to work with us first out of the bridging lenders. It goes to show that we practise what we preach, lend when we say we will and treat customers with the respect they deserve.”

And Nigel Alexander, director at Fincorp, added: “Fincorp believes in offering clients clear and simple terms on short-term finance. We are pleased that Avelo Trigold has recognised we are a transparent business with a good track record of lending in the bridging market for 25 years – now brokers should find it that bit easier to get access to this sort of finance for their clients.”

Dave Miller, head of portal for Avelo, said: “Fincorp is the first bridging lender we have featured on the Trigold Prospector platform and we chose them because they have a long established role in the bridging finance arena.

“We are always seeking ways to enrich the user experience and the deal with Fincorp is a response to our users asking us to look into extending our coverage into the bridging market. We are pleased to be able to offer this new service and are keen to see how the sector develops.”

Fincorp offers both first and second charge bridging loans secured on property based in London and the South East of England.

Its bridging loans cover refurbishment, buy-to-let, residential property development and some commercial developments.