LendInvest celebrates record-breaking March

• Best ever month for bridging loan completions
• Coincides with record inflow into LendInvest’s institutional fund

London, 6 April 2016 – LendInvest, the leading short-term property finance lender, enjoyed a record-breaking month in March.

The firm completed bridging loans worth over £50 million in the month of March alone, which was the biggest volume of lending the business has done since it launched in 2013.

The landmark performance came alongside the news that LendInvest’s Real Estate Opportunities Fund closed £10 million of new investment in March, setting another new record for the fund. This fund is one of two managed by LendInvest Capital, the company’s regulated fund management division that invests over £150 million of institutional client money into mortgage loans. This serves to highlight the growing positive sentiment among investors towards the short-term property market.

Matthew Tooth, Head of Distribution, LendInvest

Matt Tooth, Head of Distribution at LendInvest, commented:

“From the moment the Chancellor announced that additional Stamp Duty would be charged on second homes back in the Autumn Statement, we knew that March would be a big month. Property investors very sensibly want to avoid paying more Stamp Duty than they have to.

“At LendInvest we never applied a strict deadline for applications earlier in the year, like many other lenders had to, and were able to stay open for deals right up to the deadline. That’s not to say that closing this volume of deals in one month was easy. It took a lot of toil to get those deals over the line for our borrowers in such a short time-frame, and the team deserves a huge pat on the back.

“Borrowers and their brokers are turning to us because they know that our model works. We are faster, more flexible and much easier to deal with than traditional banks. The results speak for themselves.”

Christian Faes, CEO & Co-Founder, LendInvest

Christian Faes, Co-founder and CEO of LendInvest, commented:

“The incredible performance in March is the result of employing the hardest-working team of BDMs, case managers and underwriters around. Closing such a mammoth number of deals in a single month is extraordinary, and is a fantastic achievement from the team.”

LendInvest has lent more than £560 million since launching less than three years ago, funding more than 1,200 new or rebuilt houses in 2015 alone.

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Contact

John Fitzsimons, PR Associate – [email protected] / 0203 846 6817

About LendInvest

LendInvest is the UK’s leading short-term property lender. 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 marketplace lending to the mortgage market for the first time. In the last two years, LendInvest has originated over £560 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 marketplace 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 2015, it became the first marketplace 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 returns to investors of 5+% per annum. The company has recorded no capital losses on its loan book.

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