The Association of Short Term Lenders (ASTL) was set up in 2008 as a trade body to represent lenders who offer bridging or short term mortgage loans in the UK
In a recent interview with Silicon Real, LendInvest Co-Founder Christian Faes spoke about how we use digital analysis in our underwriting processes.
Bridging finance is a short-term loan that allows the borrower a period of time, before refinancing the loan. That is, it provides a ‘bridge’ for the borrower. The following article will act as a guide to bridging finance as a short-term funding option.
We’re delighted to showcase August’s issue of Mortgage Introducer. LendInvest Co-Founders, Christian Faes and Ian Thomas are this month’s ‘cover stars’ of this leading publication for the mortgage industry.
Following on from our interview with Liz, our new Chief Technology Officer we thought it would be a nice idea to introduce you to more members of the LendInvest team.
A case study of how we supported to a client to purchase a property at auction
The borrower was a dot.com entrepreneur, that required a quick cash-flow injection for his internet start-up business. The borrower had an unencumbered flat in St Johns Wood, that he used as security for the loan.
The borrower was an experienced hotel operator and investor, and they were looking to purchase the Wembley site, and then obtain planning for a hotel.
When the borrower made the initial enquiry, they had four business days to complete their purchase transaction. They had been let down by two other bridging finance lenders, and now they were stuck in a very difficult situation.
Celebrating innovation in financial services by bringing together established and start-up companies, uniting London’s FinTech Cluster. With five major themes, all focusing on the disruption of technology and innovation, FinTech Week has something for everyone. Contributing to the disruption and the intersection of financial services and technology, LendInvest made an appearance at a number of…