March 20, 2020

COVID-19 operational impact statement

LendInvest Limited, the ultimate holding company of LendInvest Secured Income plc, together “LendInvest”, have been monitoring the ongoing and rapid evolution of the COVID-19 pandemic closely. So far, there has been no impact on LendInvest’s lending, servicing or financial position from COVID-19. 

All of our London-based staff are working remotely. As a long-established, technology-driven company operating with cloud-based infrastructure, we are fully capable of working remotely and also remaining ‘open for business’, not only as a team but with all of our third-party service providers too. Our customers are able to communicate with us as usual and should experience no difference in the speed and quality of service they typically receive from us. We have been liaising with our service providers and suppliers and, at this stage, we are operating as normal. 

Whilst there has not been an impact on LendInvest’s lending, servicing or financial position from COVID-19, we are continually and closely monitoring the impact of the pandemic on our business, including from business continuity, operational risk and infrastructure, disruption impact, use of third party service providers and communications perspectives. Given the impact that the pandemic is having on the general UK population, we expect that there may be an impact on our business and those we work with (landlords, tenants and/or service providers etc) in the future, and are continuing with our contingency planning to mitigate the effects.

About LendInvest

LendInvest is the UK’s leading platform for property finance.

LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.

Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.