Completing a residential development

Bridging loan | Second charge | Semi-detached | Snaresbrook

Client’s circumstances: A professional couple required a bridging loan to complete the development of a pair of semi-detached houses in North London with a GDV of £2.2 million.

LandlordInvest’s service: LandlordInvest arranged a second charge bridging loan of £294,811, with a loan term of 12 months at 59.4% LTV, sitting behind a high-street bank.

The result: LandlordInvest’s facility allowed the client to complete the development and refinance the loan with a Building Society.

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).

Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.

LandlordInvest Limited (Company No. 09245725), registered office 5 Chancery Lane, London, WC2A 1LG

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