Boosting the funding lines
The big news at LendInvest over the last month has been the announcement of our new £40 million funding line from investment bank Macquarie, helping us build the most diverse capital base of any online lender.
To find out more about what it means for LendInvest and our investors, check out this blog from Christian Faes, our CEO and co-founder.
Savvy landlords look beyond London
For the same price as a single studio flat in South East London, investors could pick up two three-bedroom properties in Durham with a 200% higher rental yield and a 30% lower Stamp Duty bill.
Christian also wrote a blog for the Huffington Post on why we believe this will lead to the growth of the ‘cross-country landlord’.
LendInvest’s development finance team has got off to a strong start since launching in December. So far the team has written 14 deals, ranging in size from £400,000 to £10 million.
The team’s ambitious plans to double the value and number of loans on our books was featured in titles including PrimeResi, Real Estate Capital and Development Finance Today, while the removal of the exit fee from development finance loans was covered by the likes of Specialist Lending Solutions, Specialist Finance Introducer and Commercial Reporter.
The semi-commercial surge
The semi-commercial market is thriving.
Steve Larkin, Director of Development Finance, was quoted in this article on Specialist Lending Solutions about why demand is strong, and what brokers and lenders need to consider with any such deal.
Looking beyond ‘desirable’ developments
Steve also appeared on Bridging & Commercial, looking at the situation faced by small-scale developers and how LendInvest intends to help them.
Gary Clark, chess master
The team at Specialist Lending Solutions interviewed Gary Clark, our Senior Business Development Manager, as part of their Know Your BDM series.
Find out all about Gary, and his talents on the chess board, here.
The regulator, the Financial Conduct Authority, has launched a ‘regulatory sandbox’ to encourage firms to develop some innovative new products.
Matthew Tooth, LendInvest’s Head of Distribution, wrote a piece for Mortgage Strategy about why the sandbox is a great idea, but needs to produce something tangible.
Life after the CML
Members of the Council of Mortgage Lenders (CML) trade body voted in favour of merging with other trade bodies to form a single association last month.
Roy Armitage, Head of Credit at LendInvest, wrote this article in Mortgage Solutions about what life after the CML may look like for smaller lenders.