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Multiple auction purchases

Bridging loan | First charges | Semi-detached guesthouses | Blackpool

Client’s circumstances: A medical doctor required funding on three separate occasions to purchase guesthouses in auctions, located in Blackpool, Lancashire.

LandlordInvest’s service: LandlordInvest supported the client on each auction purchase, providing facilities between £94,500 to £147,750, with LTVs from 70.0% to 75.0%.

The result: The client was unable to repay the loan on time due to delays with refinancings. LandlordInvest considered the client’s circumstance and provided the client with additional time, enabling the client to refinance the loans with another lender.

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Commercial property loans from £100,000 to £1,000,000.

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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.

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