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: The client, a professional landlord, was looking to release equity from one of his investment properties, a tenanted bungalow on an Assured Shorthold Tenancy (AST). They had their initial application rejected by a well-known second charge lender after valuation and the client’s broker introduced the case to Mustard.
Mustard’s service: Mustard accepted a re-type of the valuation report and provided a second charge loan of £72,115, with a loan term of 12 months at 59.7% LTV.
The result: The initial term of 12 months was not sufficient for the client to realise their exit. Mustard understood the client’s difficulty and allowed the loan to be extended for a further 6 months which provided the client with sufficient time to exit the loan.
