Client’s circumstances: The client, a professional landlord, was looking to release equity from one of his investment properties, a tenanted bungalow on an Assured Shorthold Tenancy (AST). They had their initial application rejected by a well-known second charge lender after valuation and the client’s broker introduced the case to LandlordInvest.
LandlordInvest’s service: LandlordInvest accepted a re-type of the valuation report and provided a second charge loan of £72,115, with a loan term of 12 months at 59.7% LTV.
The result: The initial term of 12 months was not sufficient for the client to realise their exit. LandlordInvest understood the client’s difficulty and allowed the loan to be extended for a further 6 months which provided the client with sufficient time to exit the 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
