Client’s circumstances: A couple who were leasing a successful and loved café in Central Norwich, wanted to realise their dreams and long-term business plan by purchasing the freehold and becoming owner-occupiers.
LandlordInvest’s service: LandlordInvest was delighted to support the purchase, by providing a first charge bridging loan of £90,000, with a loan term of 12 months at 75.0% LTV.
The result: The client was unable to repay the loan on time due to delays with refinancing. LandlordInvest considered the client’s circumstance and provided the client with additional time, enabling them to refinance the loan with a bank onto a long-term mortgage at a lower rate.
Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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
