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Refinance to release additional funds

Bridging loan | First charge | Detached | Bolton

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.

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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).

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