Client’s circumstances: The client was looking to refinance and release additional funds to complete the conversion of the security property, an extended two-storey detached house in Bolton, Lancashire.
LandlordInvest’s service: Within 7 working days of receiving the enquiry, including accepting a re-typed valuation report instructed by another lender, LandlordInvest provided a first charge bridging loan of £286,501, with a loan term of 7 months at 54.6% LTV.
The result: LandlordInvest’s loan allowed the client to refinance their loan and assisted them to release additional funds to complete the conversion. The client repaid LandlordInvest’s loan within 3 months after refinancing into a long-term buy-to-let mortgage with another lender.
Commercial property loans from £100,000 to £1,000,000.
Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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 330 High Holborn, London, WC2A 1HL
