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Refinancing a distressed bank loan

Bridging loan | First charge | Mid-townhouse | Hinckley

Client’s circumstances: A landlord and business owner who has been LandlordInvest’s client for some time, required immediate refinancing of a bank loan that was in default. The bank had appointed LPA receivers and the property was marketed on the open market.

LandlordInvest’s service: LandlordInvest acted swiftly, working together with the client, valuer and solicitors and provided the client with a 6 month, £115,694 first charge loan at an LTV of 72.3%.

The result: The client was able to repay the distressed bank loan with the loan facility that LandlordInvest provided and avoided forced sale of the property.

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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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