LendInvest receives highest rating from European credit rating agency for second year

• Remains sole marketplace lending business to receive European rating
• Agency commends structure to originate, underwrite and service loans

London, 27 June 2016 – LendInvest, the UK mortgage marketplace lender, has received the highest possible rating from a European credit agency for the second consecutive year.

ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets Authority.

The agency has renewed its SQ1 Servicer Quality Rating for LendInvest following a comprehensive annual review and re-evaluation. The rating assesses and rates the process used by LendInvest to originate, underwrite and service high-quality property loans.

The rating is based on a number of key factors including corporate governance, internal controls, due diligence, data disaster mitigation, management’s experience and the financial health of the company.

On their decision to affirm LendInvest’s SQ1 rating, ARC Ratings commented: “Over the past 12 months, LendInvest have turned their second operating profit (£3.1 million), secured £39 million worth of [equity] investment from two institutional investors, established themselves as the largest online property marketplace in the UK, invested substantially in expanding their workforce to match the growth of the business, brought in a new, vastly experienced, Head of Credit to add a new level of depth and rigour to LendInvest’s underwriting process in addition to expanding and investing in the IT team in order to keep themselves at the forefront of ‘FinTech’ developments.”

LendInvest became the first marketplace lending business to receive a European rating from a credit rating agency in June 2015.

Christian Faes, CEO & Co-Founder, LendInvest

Christian Faes, Co-founder and CEO of LendInvest, added: “Lending money is easy; lending it well requires discipline, focus and years of experience. Without an exceptional underwriting and loan servicing infrastructure, LendInvest would not be the fast-growing, profitable and well-capitalised business it has become. It is hugely gratifying to receive a second top rating from ARC Ratings. It acknowledges the hard work we have put in to develop market-leading underwriting and servicing standards.”

This news follows the announcement last week that Stephan Wilcke, former Executive Chairman of OneSavings Bank and former CEO of the Asset Protection Agency, has joined LendInvest as a Senior Adviser.

Founded in 2013, LendInvest has now originated over £660 million of loans for borrowers seeking mortgage finance on terms lasting up to three years. In the last year, the company reported its second profitable year, grew its team from 30 to 100 employees, and attracted £39 million in equity investment from two international investors, Beijing Kunlun and Atomico.

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Contact

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

Note to Editors:

ARC Ratings’ own press announcement regarding LendInvest can be read here.

About LendInvest

LendInvest is the world’s first online lending business for property. The company was spun out of Montello, an offline bridging finance lender, in 2013.

LendInvest brought the speed, efficiency and transparency of online lending to the mortgage market for the first time. LendInvest has originated over £660 million of property loans to landlords and developers, making it one of the most active short-to-medium term mortgage lenders in the UK. LendInvest borrowers have bought, built or refurbished 2,300 UK properties worth over £1.1 billion.

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 became the first marketplace lender to be rated twice by a regulated European credit rating agency in 2015 and 2016.

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