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Client’s circumstances: The client, a professional landlord, was looking to release equity from one of his investment properties. The client had borrowed from Mustard on several occasions and was familiar with Mustard’s quick and efficient lending process. Given that the client was a repeat customer, Mustard accepted a re-type of an old valuation report addressed to another lender.
Mustard’s service: Mustard arranged a 12 month, £75,758 second charge loan at an LTV of 70.4%.
The result: The client was able to use the released equity to restructure his property portfolio and repaid LanlordInvest’s loan half-way through the loan term after completing on a sale of another property