LendInvest Appoints In-House Legal Counsel in First Hire of 2016

London, 14 January 2016 – LendInvest, the leading online lender for short-term property finance, has appointed its first in-house legal counsel to the company’s expanding team.

Ruth Pearson joins LendInvest from Simmons & Simmons where she was a Managing Associate in the Banking team. Ruth joined Simmons & Simmons as a trainee in 2007 and qualified in 2009. During her eight years in private practice, Ruth advised a wide range of financial institutions and borrowers on various banking and real estate finance transactions; she also spent nine months on secondment to the Real Estate Restructuring team at RBS.

At LendInvest, Ruth will work closely with the company’s Heads of Compliance and Credit to create the most streamlined and efficient legal processes for the fast-growing company. Ruth will also lend her transactional expertise to borrowers and brokers, assisting with their legal queries to make the LendInvest customer experience as seamless as possible.

Christian Faes, Co-Founder & CEO at LendInvest, commented: “Bringing Ruth into our team of industry specialists comes at an important time for the company which is growing quickly in a rapidly-evolving market. A thorough, in-house understanding of regulatory changes and legal provisions will make sure we are always best placed to help borrowers and investors alike to receive the highest quality service from our platform.

“As a lawyer myself, who often gets lumped with legal issues, I’m very excited to bring Ruth on board as part of our team!”

LendInvest, which opened for business in May 2013, reported last week that it has now originated over £500 million of loans for borrowers seeking finance deals lasting up to three years. The company’s team grew rapidly in 2015 from fewer than 30 employees to over 70 full-time staff by year-end.

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Contact

Carmen Murray, PR Manager – [email protected] / 020 3846 6820 / 07713 110 624

About LendInvest

LendInvest is the leading online marketplace for short-term property lending and investing. 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 peer-to-peer lending to the mortgage market for the first time. In the last two years, LendInvest has originated over £500 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 is authorised and regulated by the Financial Conduct Authority and in June 2015, it became the first peer-to-peer platform to be rated by a regulated European credit rating agency.

All loans are secured by a registered first charge against property in the UK and the company has consistently provided an average return of 7.3% to investors per annum.

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