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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.

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