Pluto Finance rolls out new streamlined bridging product
By Andreea DulgheruPluto Finance has launched a new bridging product, featuring a streamlined credit process for a variety of property assets, including land and retail.
Section: Products
The new product was designed to improve responses to enquiries — with an estimated turnaround for terms of three hours — and includes simplified rate cards for various scenarios.
It offers loans between £750,000 and £5m at up to 75% LTV, with rates starting from 0.44% per month.
Simon Chapman, lending director at Pluto Finance (pictured above), said: “With a new slimmer security package and simplified facility letter, the enhanced completion mechanics also include using DocuSign to speed up the completion process.
“In addition, we have introduced valuation panel management to further enhance the speed of decision and understanding of wider geographic locations.
“Overall, this brings our depth of funding and knowledge to the more mainstream market.
“Easier access to our products and a simplified process of decision-making and completion bring speed and efficiency to our products.”
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