Case study: £660k regulated bridge deal in Watford
Written by Luke Stevenson
Location: Watford
LTV: 66.06%
Loan amount: £660k
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A professional property investor approached us for a regulated bridging loan to capital raise against his current main residence.
The loan was sourced primarily to release equity towards a new property investment opportunity at auction, in which he had to complete within a 28 day window. LendInvest also advanced the customer additional funds for consolidating other business related expenses.
The investor’s plan to exit the facility was to remortgage his current home onto a buy-to-let facility in 6 months time.
With a clear exit strategy, and a strong track record, we were happy to back the deal.
Read more: Regulated Bridging made simpler
Issued by LendInvest Loans Limited, which is authorised and regulated by the Financial Conduct Authority (ref: 737073) in the UK to enter into (as lender) and administer regulated mortgage contracts.
Your home (and any other property used as security) may be repossessed if you do not keep up repayments on your mortgage. Bridging loans are short-term, high-rate interest loans and fees apply. A mortgage adviser can recommend the most suitable mortgage for you.