<
p>New peer-to-peer platform LandlordInvest has revealed it will be offering a range of bridging products once it receives FCA permission.
LandlordInvest will be offering a short term product with a term up to 18 months which can be used for buying properties at auction, capital raising or refurbishing or converting property.
It will not however lend to commercial properties and loan size will be from £50,000 up to £300,000 which may increase depending on future demand.
Founder Filip Karadaghi said: Our rates will be competitive, from 0.6% per month, as we want to establish a presence on the market.”
“We will accept UK, EEA nationals and limited companies and we will consider adding bridge-to-let at a later stage as well.”
The bridging product will be available in England and Wales only once FCA authorisation is received which is expected over the next few weeks.
New peer-to-peer platform LandlordInvest has revealed it will be offering a range of bridging products once it receives FCA permission….
Leave a comment