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Completing on an auction purchase

Bridging loan | First charge | Mid-terrace | Solihull

Client’s circumstances: The client,  a  limited company,  urgently required a  bridging loan to complete an auction purchase of a  commercial property.  The property was let to Santander UK PLC on a 5 year lease at the time of the purchase.

LandlordInvest’s service: Within five working days, LandlordInvest was able to offer a  first charge bridging loan of  £534,300,  with a  loan term of  9 months at 54.3% LTV.

The result: The client was able to purchase the property within the required purchasing timeframe for auction. The loan was repaid in full after the client re-mortgaged with a high street bank.

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Commercial property loans from £100,000 to £1,000,000.

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