Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
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Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
We're delighted that we have completed the biggest loan yet: a £740,741 bridging loan secured over a residential investment property in Wembley, Middlesex for a professional landlord with a substantial real estate portfolio.
It is the biggest loan yet to be completed by LandlordInvest, only eight months after we became one of the first P2P lending platforms to obtain a full FCA authorisation and launched one of the first property-backed Innovative Finance ISAs (IFISA).
A total of 56 investors, including retail investors and pensions schemes (SSAS/SIPP), fully funded the loan within the four days through a crowdfunding process, meaning that the average investment per investor was £13,227.5. Of the full loan amount, a total of £565,955 (76.4%) was contributed by Classic account holders, with £174,786 (23.6%) coming from IFISA account holders.
This latest loan means that around £2.0 million of mortgages have been completed on our lending platform since December 2016.
Filip Karadaghi, LandlordInvest’s Chief Executive said: “We are delighted to have completed the biggest loan yet on our lending platform. The borrower was in need to quickly refinance an existing loan, whilst arranging long-term financing with a high street lender, and it took less than a week for the loan to be funded and completed on our lending platform. It shows that P2P platforms, such as LandlordInvest, are becoming a viable alternative for professional landlords seeking financing in a quick, simple and efficient manner.”
For more information, please see the following press release.
Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.
