LendInvest appoints BDM for Scotland

London 26 July 2016 – Specialist lender LendInvest has appointed Peter McDermid as Business Development Manager (BDM) for Scotland.

Peter will be tasked with forging relationships with intermediaries and building the award-winning bridging lender’s profile in Scotland. He will focus primarily on the central belt running between Glasgow and Edinburgh where demand for quality short-term property finance is highest.

Peter brings a wealth of experience to LendInvest having worked in financial services, across a range of commercial finance roles, for more than 13 years. He joins from Shawbrook Bank, where he worked as BDM for Scotland.

The appointment is LendInvest’s first official presence outside London and is part of the firm’s expansion strategy beyond the South East of England. LendInvest’s entire suite of bridging and development finance will be available to Scottish property entrepreneurs.

Peter McDermid, BDM for Scotland, LendInvest

Matthew Tooth, Head of Distribution at LendInvest, said: “It’s excellent to have Peter on board. He brings a lot of experience to our team, and is well known within the mortgage industry in Scotland. We have identified a real demand for LendInvest products north of the border, and Peter is just the man to help us build a presence in the mortgage market there.”

Peter McDermid said: “This is an exciting time for LendInvest, which has quickly established itself as the bridging lender of choice for intermediaries in London, the South East and increasingly elsewhere in England. Now is the perfect time to bring the speedy, efficient service for which LendInvest is renowned to Scotland.”

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Note to Editors

Contacts

John Fitzsimons: [email protected] / 020 3864 6817

About LendInvest

LendInvest is the UK’s leading online lender for short-term property finance. The company was spun out of Montello Bridging Finance, the established bridging finance provider, in summer 2013.

LendInvest aims to bring the speed, efficiency and transparency of online lending to the mortgage market for the first time. In the last two years, LendInvest has originated £699 million of loans to landlords and developers for terms lasting one month to three years, making it one of the most active short-to-medium term mortgage lenders in the UK.

LendInvest became the only UK online lender to report two years’ of profitability in its first two years of trading, with profits for FY 2015 rising to £3.1 million.

LendInvest is authorised and regulated by the Financial Conduct Authority and in June 2016 received the highest possible rating from ARC Ratings, a regulated European credit agency, for the second consecutive year.

All loans are secured by a registered first charge against property in the UK and the company has consistently provided returns to investors of 5+% per annum.

For further information, please visit www.lendinvest.com and follow the company at @lendinvest.