Private individual urgently requiring refinance

Bridging loan | First charge | Mid-townhouse | Leicestershire

Client’s circumstances: The client, a known landlord and business owner in Leicester, was in an urgent need of refinancing a bank loan that was in default. The bank had appointed LPA receivers over the property.

LandlordInvest’s service: LandlordInvest provided a 12 month, £125,000 first charge loan at an LTV of 73.5%.

The result: LandlordInvest’s loan allowed the client to repay the bank in full. Subsequently, the client sold the property within 3 months and was able to repay LandlordInvest’s loan before maturity date.

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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