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).
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
