Client’s circumstances: The client needed to raise finance quickly to refinance an existing bridging loan that had matured and had been used to acquire an HMO with 8 self-contained flats.
LandlordInvest’s service: LandlordInvest was able to offer a loan to fully refinance the bridging lender with a gross loan of £740,741, with a loan term of 6 month and a LTV of 78.0%. The loan was drawn down 7 days after the initial enquiry.
The result: The client refinanced the loan into a BTL mortgage from an established alternative finance provider at a significantly lower rate.
Quick rebridge
Bridging loan | First charge | Former pub converted to hostel | Bootle
Purchase of vacant offices
Bridging loan | Second charge | Office buildings | Banbury
Equity release from BTL properties
Buy-to-let | First charge | Flats | Coventry
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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 5 Chancery Lane, London, WC2A 1LG