It means that a loan that is available for investment, and if it is fully funded, it is subject to a final assessment prior to funds being released to the borrower.
This is done mainly for two reasons:
Until a formal valuation is undertaken, external estimated values will be used, such as estate agent appraisals, and will be the initial value displayed on the Loan Information page. If the value of the formal valuation falls below the initial value range, then the borrower will not get the loan and all funds will be immediately returned to investors.
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.
LandlordInvest Limited (Company No. 09245725), registered office 5 Chancery Lane, London, WC2A 1LG