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Refinancing a senior stretched loan

Bridging loan | Second charge | End of terrace | London

Client’s circumstances: An experienced London-based developer was looking to refinance a senior stretched loan originally taken out to purchase the property as the loan was coming to maturity and they had a planning application pending. They received a loan offer from a well-known development and bridging lender and required additional funds to refinance the outstanding loan in full.

LandlordInvest’s service: LandlordInvest provided a second charge bridging loan of £102,473, behind the senior lender’s loan, with a loan term of 15 months and an LTV of 74.4%.

The result: The client obtained additional planning for the security property and refinanced the senior, and LandlordInvest’s loan with a nationwide lender.

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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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