Platinum Options endorses Fincorp as a preferred bridging lender

By Bridging Loan Directory 22nd February 2012

Malcolm Fitchett, Business Development Director, Platinum Options Limited

In recent years the bridging market has become more populated. As mainstream lenders have tightened criteria, the need for specialist bridging lenders has become all the more apparent and as a result new entrants have come into the market.

With this increased competition it is more essential than ever to build long-lasting relationships and maintain custom. With that in mind Fincorp is delighted to be a lender of choice for Platinum Options.

Packaging/placement business Platinum Options (www.platinumoptions.co.uk) was created four years ago and combines over 50 years experience collectively within the financial services industry. The company offers a “Problem prime” hub where lenders are prepared to underwrite cases which may have struggled through the more conventional high street lender, and make decisions on a “Priced to risk” basis for good quality applications.

Malcolm Fitchett, business development director of Platinum Options said:

“We get numerous enquiries from mortgages to short-term finance but what our reputation is really built on is being able to provide an open and transparent service that meets customers’ needs in the time that they require.

“It’s important for us to find appropriate solutions and one of the main reasons we use Fincorp is it’s a very simple process. We get an initial enquiry, we can send a quick email or make a quick phone call and the benefit is we’re talking to the decision makers. Fincorp is a principle lender and therefore the directors make the decision and we get the answer straight away. We can then provide the facility letter within a matter of hours. For that reason alone Fincorp is one of our preferred providers.

“In addition, however, with bridging loans from Fincorp there are no hidden costs. There are many providers out there where everything isn’t always straightforward but with Fincorp it is open and transparent. There are no entry fees and there are no exit fees, which can mean valuable savings for the client. Therefore the marriage between Platinum Options and Fincorp is one that we wish to expand in the future and continue to grow.”

Barry Scott, business development manager at Fincorp, said:

“We are very pleased that Platinum Options has chosen Fincorp as it is well respected in the industry and the team has a wealth of knowledge behind them. We are looking forward to working closer with them in the future.”