Refinancing a mixed-use property

Bridging loan | First charge | Terraced | Heston

Client’s circumstances: The client owned a mixed-use property with a catering store on the ground floor and residential rooms on the second floor. The client was looking to refinance an existing bridging, originally obtained to make improvements to the property.

LandlordInvest’s service: After picking up the application, LandlordInvest provided a 6 month £254,081 loan, at 31.8% LTV.

The result: The loan gave the client enough time to find a lender to find tenants and refinance into a commercial term loan.

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.

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