Client’s circumstances: The client, a professional London based property investor, had the opportunity to acquire the property below market value in Harrow, London, and required a quick completion and high leverage.
LandlordInvest’s service: LandlordInvest provided a first charge bridging loan of £277,500, with a loan term of 9 months at 75.0% LTV and 80.0% of the purchase price. The loan completed within ten working days.
The result: The client was not able to repay the loan in time due to not being able to sell the property within the provided time frame. LandlordInvest understood the client’s situation and extended the loan for a further 3 months which provided the client with sufficient time to exit the loan.
Investment through LandlordInvest involves lending to individuals and companies, so your investment can go down as well as up. Borrowing through LandlordInvest involves entering into a mortgage contract secured against a property as the borrower. Your property may be repossessed if you do not keep up repayments on your mortgage.
LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).
LandlordInvest Limited (Company No. 09245725), registered office 5 Chancery Lane, London, WC2A 1LG