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.

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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