Bridging

Bridging loans cater for almost any scenario and can be secured on buy to let, residential, commercial property or land.

Bridging finance is a short term loan used to bridge the gap until long term finance can be arranged or the security is sold.

Platinum work closely with our lender partners providing you with flexible, fast, bridging solutions tailored to suit your needs.

For Example:
  • Rates starting from 0.44% per month
  • Daily Interest
  • Loans up to 80% based on OMV (Open Market Value)
  • Regulated & Non Regulated Loans
  • Up to 100% of funding available with additional security.
  • No Exit Fee (In most cases)
  • Terms up to 18 Months
  • Residential & Commercial property
  • Non-Status loans
  • Full or part-interest roll-up available
  • 1st & 2nd Charge lending options
  • Lending in England, Wales & Scotland
  • CCJ's / Arrears / Low Credit Score accepted

Call us on 01992 568815

Our team are waiting to assist you with a solution to your case so call us on 01992 568815. Should you prefer email, contact us at sales@platinumoptions.co.uk

Case Studies

Downsizing?

Husband and wife age 72 & 76 looking to downsize. They found a property they wish to purchase but had an offer pulled on the one they are selling. Rather than risking missing out on the house they used a bridging loan to purchase the new property and their exit method was once their home sold.

Current house value £1,000,000 | New House Value £400,000 | LTV 40% | Rate 0.49% | Term 12 Months (Regulated) | No Exit Fee | Completed in 10 working days

Strict timeframe

Women Aged mid 40's in Wales Going through a divorce and had a strict timeframe in which to pay off ex-partner or she would lose the house.

House Value £1,850,000 | Loan Size £1,179,114 | LTV 63% | Rate 0.75% | Term 12 Months (Regulated) | No Exit Fee
www.platinumoptions.co.uk

Unsatisfied ccj's

Man in his 50's with a couple unsatisfied ccj's totalling £13,000 needed to purchase a new house but was unable to get a mortgage. We used his house as security and was able to satisfy his ccj's as well as raise the amount he needed to purchase a new home before selling his current house.

House Value £500,000 | Loan size £350,000 | LTV 70% | Rate 1% | Term 12 Months (Regulated) | No Exit Fee
www.platinumoptions.co.uk

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