October 19, 2016

From London to Timbuktu – LendInvest Development Finance team travels over 2,500 miles to visit each site

London 19 October 2016 – The development finance team at LendInvest, the UK’s leading online mortgage lender, has travelled over 2,500 miles in the ten months since it was officially launched, visiting the developers it backs on their construction sites.

The team has been to sites in places including Birmingham, Bristol, Cheshire and Sussex, covering enough miles to get to Timbuktu.

LendInvest’s commitment to supporting developers is also behind its launch of the Property Development Academy, a new initiative aimed at helping developers learn the skills they need in order to build more homes. The Academy is a non-profit initiative, devised by LendInvest’s development finance specialists and launched last month. Subjects covered by the course include how to evaluate prospective development sites, applying for the right planning permissions and how to market the finished properties.

Steve Larkin, Director of Development Finance at LendInvest, said: “Our development finance team takes a real interest in the developers we work with and their ambitious projects. They aren’t just a name on a spreadsheet to us – they are partners, and we strive to support them every step of the way until the development is finished. If that means taking time out to visit them on site, then that’s what we do.”

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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.