Client’s circumstances: Two professional sisters wanted to release equity from their two tenanted investment properties, owned in an SPV and located in Coventry, East Midlands.
LandlordInvest’s service: LandlordInvest provided a first charge bridging loan of £95,722, with a loan term of 24 months at 46.7% LTV, secured over both investment properties.
The result: The loan allowed the clients to release equity from the investment properties to grow their property portfolio further. However, the clients were unable to repay LandlordInvest’s loan in the 24-month loan term due to an unsuccessful refinancing attempt with a bank. Keeping the clients’ circumstances in mind, LandlordInvest allowed for a 6-month loan extension to provide them with time to find another mainstream lender to refinance their loan.
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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 330 High Holborn, London, WC2A 1HL
