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Pluto Finance broadens bridging offer

Pluto Finance has just launched its refreshed bridge lending product range.  Key changes include the ability to price as low as 0.49% per month and lend up to 77.5% LTV.  The specialist property lender can also now offer 2-year bridge loans as standard, with loan sizes from £1m to £30m+.

Pluto Finance has raised over £250m of additional institutional capital this autumn to boost its bridge lending capacity.  It can lend against any asset type – including sites, development exit, office, retail, care homes and hotels.

Simon Chapman, Lending Director, comments: “We are delighted to offer the most flexible short-term finance in the market.  Our new low rates are proving particularly attractive for development exit.  We are very competitive in providing large bridge loans requiring a bespoke approach.”

Recent Pluto Finance bridge loans include a £12.0m development
exit loan for a completed scheme in Harlow, £3.7m against a site in West London and £2.0m for a barn conversion in Hertfordshire. 

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