Second charge loan for business purposes

Bridging loan | Second charge | Mid-terrace | Luton

Client’s circumstances: Intending to acquire a hospitality business in South Africa, the client was looking to raise quick financing on two investment properties in Luton, Bedfordshire, to finalise the acquisition.

LandlordInvest’s service: LandlordInvest provided a second charge bridging loan of £121,951, with a loan term of 12 months at 69.1% LTV.

The result: The client acquired the hospitality business and repaid LandlordInvest’s loan before the maturity date by selling one of the investment properties.

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).

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