Specialist Mortgages

Plato Financial Services and its associated Master Brokers are experienced and able to place most unique types of borrowing requirements. As unique as your situation is, there is a unique lender looking for borrowers just like you. Our job is to match you together.

Here is an outline of some of the most popular scenarios. This list is not exhaustive, so don’t worry if you can’t find your situation listed below. Please do get in touch with us to see how we may help you.

Bridging Loans

Finance for the short term

Bridging loans are short term funding solutions that are secured against property or land. They are typically used by property buyers to ‘bridge’ the gap when buying a new property and waiting for a traditional mortgage to be approved or capital to be released from the sale of their current home.

Bridging loans can also be used for a variety of other reasons such as major structural home improvements and renovation projects. Bridging loans are also often used to help those looking to buy at auction, where there is only a short timeframe to exchange contracts.

Commercial Mortgages

For purchasing commercial property or business

A commercial mortgage is, in principle, like a residential one. In both cases the lender will assess the applicant to ensure they have the means to repay the loan and evaluate the security offered to ensure they can repay their debt should it come to repossession. There are two types of commercial mortgage. An owner occupier mortgage for trading premises and a commercial investment mortgage for those looking to invest in commercial property. Our team of specialist brokers can help you source either.

Company Director Mortgages

Understanding the entrepreneur

Arranging mortgages for directors running businesses can be far more difficult to secure than mortgages for salaried individuals because actual income and ability to make repayments can be less obvious to lenders.

We are experts in securing director’s mortgages. We typically approach lenders who we know are willing to look beyond the tax assessment and take a broader view, using retained profit, accountant’s projections and contracts to determine your affordability.

Contractors, Freelancers, and Self-Employed Mortgages

For those who choose to earn differently

The modern working world has evolved, and so has the notion of how people earn. Long gone are the days when a young person aspired to work 40 years for one company. Many young people leaving education aspire to do jobs and roles that didn't even exist previously.

Mortgages for freelancers, contractors or anyone who’s self-employed can be difficult to secure because they rely on the financial picture presented by your business. One problem might be that your accountant would be trying to present a tax-efficient view, while a mortgage lender is only looking at income.

We are experts in helping these types of clients to secure mortgages. We typically approach lenders who we know are willing to look beyond the accountant’s assessment and take a broader view.

Development Finance

Funding for a self-build or property development

Development finance is a mortgage or loan designed to help you fund the building of a property that you intend to sell or rent out once it’s complete. You might have a portion of your back garden you can section off for a new-build, or perhaps you have inherited an older property that you wish to knock down to make space for new homes or apartments.

Our Development Finance experts understand your industry and speak the same language as your architects and builders. They’ll find you the best lender to help fund your project and even pave the way for future project funding where needed.

We specialise in complex and unique mortgage solutions

We have great working relationships with a host of specialised lenders and Master Brokers

Equity Release Mortgages

For the over 55s who are asset rich and cash poor

Are you over 55? Do you want to access some of the money tied up in your home without the worry of having to give it up? Equity Release could provide the solution either as a lump sum, an income, or a combination of both.

We can introduce your to leading experts of Equity Release who'll explain your options to ensure you understand exactly what is involved. We actively encourage you to include your children or other trusted party to support you during the advice process.

Help to Buy / Right to Buy / Shared Ownership

Do you need some help?

We keep up to date with Government policy and housing schemes designed to help you own your own home.

You may not be in a position to buy straight away but a chat with us now may help you to understand what’s available to you in the short to medium term. We can also suggest practical steps that you can take now in order to help you buy your own home in the future. We are passionate about helping those who need support in buying their own home.

Larger Mortgages

Looking for a mortgage over £1 million?

As property prices in London and other prime areas continue to rise, including into the millions, you may find that you need a larger mortgage to secure the kind of home you want to live in. The problem is that many high street lenders have less of an appetite to lend above the £1 million mortgage mark.

We have expertise in helping high net worth and high-income clients to arrange larger mortgages. We approach specialist lenders and private banks who we know are willing to lend on a larger scale.

Let-to-buy Mortgages

You want to move to a new home and let your existing home

Let-to-buy is a process that helps you move house if you’re struggling to or don’t want to sell your current property. There are a number of circumstances when let to buy can be a suitable option for homeowners. Perhaps your current house has dropped in value, or you need to move quickly and the market isn’t moving as fast as you need it to.

With let-to-buy you can convert the residential mortgage on your current home to a buy-to-let mortgage and release equity that can be used to purchase a new home. By releasing equity and converting to a rental property you free yourself from the property chain, allowing you to move and purchase a new home, with a new residential mortgage, much faster.

Limited Company Mortgages

Borrowing for Investment Properties owned within a Company

If you already own a Limited Company and are looking to either refinance or purchase a new investment property, we understand that the process of getting a mortgage can be tough.

There are a range of options available for you and, for reasons that largely come down to tax efficiency, more and more investors are deciding to buy properties within a Limited Company. By speaking to an expert broker and independent tax expert, we can connect you with Limited Company mortgage lenders, while supporting you from start to finish.

New Build Mortgages

Helping you buy a property off-plan

Getting a mortgage for a new-build property can present many challenges. If you’re buying off-plan, you’ll need a mortgage offer that’ll still be valid when the property is complete. You may find certain mortgage providers under-value new build properties. If you are a first time buyer, the government’s Help to Buy scheme may give you more options than you thought you had.

We are experts in helping first time buyers- and others- to move further along the housing chain. This includes securing new build mortgages and helping you avoid some of the pitfalls associated with new build along the way.

We want to remain in contact with you throughout your journey to help ensure your mortgage always matches your situation and goals

Portfolio Landlord Mortgages

Financing landlords with big portfolios and ambition to match

If you’re a landlord who owns a portfolio of Buy-to-Let properties, we can find you a mortgage lender who’s experienced in financing multiple properties.

We understand that saving time and money is an essential part of managing a successful portfolio growth plan. Nowadays the ever-increasing complexity of Buy-to-Let mortgage criteria and lending options can put a strain on your profits and time.

We are experienced and passionate about buy-to let property investment and keen to help like minded landlords achieve their targets and goals. This could be advice on starting and building a portfolio, or advice for landlords with large portfolios looking to leverage and expand.

Private Bank Mortgages

Bespoke Lending for High Net-Worth Individuals

If you’re a high net-worth individual looking for a mortgage lender that understands your unique property needs, you may find that a private bank mortgage offers you far more than the rates advertised by high street lenders.

Homebuyers with complex incomes or wealth streams may find their mortgage options restricted if they approach traditional high street lenders, who typically apply a ‘tick box’ approach to assessing whether to grant a mortgage. Private banks consider options on a case by case basis, often considering an individual borrower’s ability to fund their mortgage by taking into account their wealth in addition to income.

Private bank mortgages are often bespoke to the individual borrower. Finding the right funding partner and negotiating terms and repayment methods can be inherently complex, requiring careful consideration and meticulous execution.

We are experts in finding bespoke situations tailored to unique needs.

Second Charge Mortgages

An alternative way of raising additional money

Second charge mortgages are a type of secured loan which allows homeowners to raise additional money without remortgaging or taking out an unsecured personal loan.

With a second charge mortgage your loan is secured against the value of the equity in your home, much like your first mortgage. There are several reasons where a second charge mortgage might be worth considering which include:

  • If you don’t want to extend the term on your current mortgage - or forgo the existing low rate on your current mortgage deal
  • If your credit rating has gone down since taking out your first mortgage - remortgaging could mean you end up paying more interest on your entire mortgage, rather than just on the extra amount you want to borrow.
  • If your mortgage has a high early repayment charge - it may be cheaper for you to take out a second charge mortgage rather than to remortgage.
  • If you’re struggling to get some form of unsecured borrowing - such as a personal loan, perhaps because you’re self-employed.
  • If your current lender is unwilling to provide the funds that you require – perhaps, for example, as you’re using it to invest in a business venture.
  • If you need to move fast and have funds available quickly - second charge mortgages are often a speedier option than a traditional remortgage.

We can help you find flexible mortgage providers who are willing to lend you money that is secured against the value of your home.

Self-Build and Non Standard Construction

Mortgages for non-standard property

Having difficulty getting a mortgage for your existing home or a property you’ve fallen in love with? Is this property ex-council, self-build or built with non-standard materials like timber or concrete? Are you trying to buy a home inspired by the TV show Grand Designs with its quirky, trendy construction materials or bizarre location?

We understand that some people like to live a little differently. We also know lenders who would love to talk to you and potentially give you a mortgage for your unique property.

IMPORTANT

Commercial Mortgages, some forms of Bridging Finance and most forms of Buy to Let Mortgage are not regulated by the Financial Conduct Authority. A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

A word from our clients...

Contact us

  • Call us 020 3773 1210
  • Contact us info@platofs.com
  • Meet us Chiswick Park, 566 Chiswick High Road, London, W4 5YA
  • Office hours Mon-Fri 8am-6pm

We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with our advisers and associated companies where you give prior consent. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy.

Email communications are not secure and for this reason Plato Financial Services Ltd cannot guarantee the security of the email, its contents or that it remains virus free once sent.