Investment needed/advice

jimjames

london21 said:

Something seems off about this post. Lots of red flags. 

If you genuinely want to go into BTL why not get a mortgage rather than a loan with 25% interest?

Dazza23 said:

I work full time for the Royal Mail but want to start a buy to let property portfolio. I have a very good verified contact in the BMV property sector so any property purchase would create immediate equity. I am looking for a loan of £60k which I will pay back as a lump sum in 1 year with 25% interest (£75k in total). I have a healthy share portfolio with Hargreaves Lansdown but don’t want to touch this yet as it is going up very quickly (and I can use as collateral).
 I have tried for a Lombard loan against my share portfolio but they state that the shares have to be worth a minimum of £500k.
Any advice greatly appreciated on the best way to acquire the loan?

Maybe the property isn't mortgageable if it's BMV for a reason. Maybe the intention is to pay it off once the shares have risen 80% again.