Redevelopment of commercial property

Bridging loan | First charge | Detached | Surrey

Client’s circumstances: A limited company required financing to acquire a former public house in a historic Surrey village with the aim to obtain planning to convert the property into residential use.

LandlordInvest’s service: LandlordInvest provided a first charge, 9 month £367,088 loan at an LTV of 68.0%.

The result: The client acquired the property, but the planning permission was delayed. As a result, LandlordInvest offered a 3 month loan extension to help the client avoid default. This gave the client enough time to finally obtain the planning permission and refinance the loan with a development lender.

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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