Recent Articles

Call us on 01992 568815

Call us on 01992 568815

| December 16, 2013 | 0 Comments

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

Continue Reading

FTB employed on a contractual basis?

FTB employed on a contractual basis?

| February 4, 2016 | 0 Comments

Applicants were both FTB’s, all deposit coming by way of Family Gift. Applicant 1 is employed on a contract basis, which is renewed every 6 months (not guaranteed). Despite the potential ‘high risk’ of two FTB’s and taking into consideration applicant one’s employment, Platinum Options were able to get these two a mortgage with an initial rate […]

Continue Reading

Freehold Flats

Freehold Flats

| January 6, 2016 | 0 Comments

Applicants had built a block of 4 flats under 1 freehold. Property was completed 3 months prior to the mortgage application. 4 applicants on the Mortgage. Some Minor Historic adverse and low incomes We were able to offer a BTL product at 4.85% + 1.7 fee. No exposure limits and freehold blocks accepted

Continue Reading

Low Rental income BTLs with adverse

Low Rental income BTLs with adverse

| January 5, 2016 | 0 Comments

An experienced landlord was looking to purchase a BTL to add to his portfolio. The applicant had a low income and the rental income on the property to be purchased was low. The applicant also had 1 mortgage arrear and 3 missed credit card payments in the last 2 years We were able to offer […]

Continue Reading

BTLs with NO PROOF OF INCOME

BTLs with NO PROOF OF INCOME

| January 5, 2016 | 0 Comments

A First Time Landlord was looking to purchase a BTL with a 25% Deposit. He is currently renting but was not a FTB, he had previously sold his marital home after a divorce. He is looking to buy a BTL as he wants to stay on the property ladder. His company has been making a […]

Continue Reading

FTB 95% Deposit

FTB 95% Deposit

| January 5, 2016 | 0 Comments

Two FTBs looking to purchase a residential with only a 5% Deposit. Half the Deposit was from Savings and the other half from gift. The applicants had no adverse credit but had very low credit scores due to minimum credit history. The applicants were able to obtain a loan 4.6 x their income. We were […]

Continue Reading

Interest Only

Interest Only

| January 5, 2016 | 0 Comments

Applicant looking to Purchase a property in Hertfordshire. The applicant was in his 50’s and had an income of £20,000. Mortgage was required on an interest only basis with only £126,000 equity. Repayment Vehicle was sale of main residence and downsize. The applicant had 2 missed credit card payments in the last 2 years and […]

Continue Reading

Lending Into Retirement

Lending Into Retirement

| January 4, 2016 | 0 Comments

Two retired applicants looking to purchase a new residential property out of the city. Applicant 1 earns a state pension, private pension and rental income totaling £29,000. Applicant 2 is a part time administration earning £8,900 per annum. Applicant 2 also has a state and private pension totaling £10,000. The applicants were looking at 80% […]

Continue Reading

Ex-Pat Mortgages

Ex-Pat Mortgages

| January 4, 2016 | 0 Comments

An Ex-Pat currently living in Switzerland purchasing a property for £850,000, looking to borrow £435,000, 51% LTV. She is about to start maternity leave and wants to return to the UK and move into the new property upon her return. Her Company will confirm that she will return to work on the same terms in the […]

Continue Reading

Renovation / Refurbishment Bridge

Renovation / Refurbishment Bridge

| March 24, 2014 | 0 Comments

Property Developer had been offered the opportunity to purchase a freehold single property that had planning permissions to convert into 2 flats. The clients had the majority of the monies but not enough to purchase and complete the works. The Broker contacted POL to see if we could help. Platinum were able to secure the funds for […]

Continue Reading

lending into retirement….

lending into retirement….

| March 6, 2014 | 0 Comments

1)Applicant of retirement age looking to remortgage £480k on £780k, interest only. His only income is from a BTL portfolio business with his daughter. She runs the business and he takes 50% income from the business. Case was agreed on this basis. 2)Applicant 1 of retirement age looking to borrow £150k on £350k over 19 years. […]

Continue Reading