Rising house prices boost SME lending
LendInvest provides loans to SMEs which are secured against the value of their commercial and residential property holdings.
Since its launch in May this year the lender has seen its customer base surge as consumers cash in on rising house prices.
Christian Faes, co-founder of LendInvest, said: “Property secured P2P lending is completely new to the world of finance and the rise in property prices has helped drive interest from SMEs.
“We expect the surge of SME interest to continue to flourish in 2014 but for the market LendInvest represents much more than that.
“We are creating a completely new asset class – a trusted and secure alternative to investment funds.”
Source: Mortgage Introducer
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.