Freehold purchase

Bridging loan | First & Second charge | Land & Flat | London

Client’s circumstances: A property developer who was the leaseholder of a property was looking to purchase the freehold of the property to finish the development of two residential buildings with a GDV of around £2.1 million.

LandlordInvest’s service: LandlordInvest provided a £511,596 loan, secured by a first legal charge over the freehold and additional second charges over other flats owned by the client, at a combined LTV of 42.5%.

The result: The client was able to purchase the freehold of the flat and refinance their loan into a lower rate facility with an established alternative finance provider after nearly completing the development.

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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