Pluto Finance Lending in 2021

Posted by Pluto Finance on 28th January 2021 -

‘Unprecedented’ seemed to be the word of the year during 2020. Covid 19 hit hard with the property market grinding to a halt in lockdown #1 and some lenders ceasing lending at points throughout the year. However at Pluto Finance it was full steam ahead, funding acquisition, development and development-exit loans throughout the year. With 30 live construction loans going into the first lockdown, the Pluto Finance team pulled out all the stops to support our borrowers and ensure the smooth continuation of development funding.

Of course, we are very much still in the grips of the global pandemic, but this time it’s different. Yes, we still have uncertainty in the market which we cannot avoid, including the Help-to-Buy scheme changing, the end of the raised threshold for stamp duty and the Brexit deal changing the way we work with Europe. However, construction sites are still open, viewing of properties to buy and rent is still permitted, and the market is still very much moving. And that means that developers are still building.

At Pluto Finance we are starting 2021 with £261m of new loans credit approved and in legals – a very healthy pipeline of funding. And we certainly won’t stop there. We have substantial funds to lend for the right projects, serving our repeat borrowers and welcoming in new developers. So please do get in touch to discuss what we can do for you.