Completing an auction purchase

Bridging loan | First charge | End of terrace | Lancashire

Client’s circumstances: A professional landlord was expanding his property portfolio and was in need of funds to complete on an auction purchase; a semi-commercial property located on one of the main arterial routes leading into Blackpool.

LandlordInvest’s service: Within a week, LandlordInvest was able to complete on a 12 month facility loan of £112,114, at an LTV of 72.3% or 80.0% of the purchase price.

The result: The landlord was able to complete the purchase and subsequently refinanced the loan into a 36 month term facility with LandlordInvest.

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.

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