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.
Client’s circumstances: Two professional sisters wanted to release equity from their two tenanted investment properties, owned in an SPV and located in Coventry, East Midlands.
Mustard’s service: Mustard provided a first charge bridging loan of £95,722, with a loan term of 24 months at 46.7% LTV, secured over both investment properties.
The result: The loan allowed the clients to release equity from the investment properties to grow their property portfolio further. However, the clients were unable to repay Mustard’s loan in the 24-month loan term due to an unsuccessful refinancing attempt with a bank. Keeping the clients’ circumstances in mind, Mustard allowed for a 6-month loan extension to provide them with time to find another mainstream lender to refinance their loan.
