LendInvest integrates with payments platform Stripe to streamline its loan application process
London, 17 May 2018 – LendInvest, the specialist property finance lender, has expanded on its long-term partnership with Stripe to help streamline the loan application process for brokers applying for buy-to-let loans.
Stripe is a global technology platform that builds tools for accepting payments online and running an internet business.
For LendInvest, the new integration will be embedded in the primary stages of the buy-to-let loan application process.
Stripe allows the broker to pay the valuation fee through LendInvest’s online buy-to-let portal immediately after the borrower’s application forms have been signed. This process was previously handled manually, with the case manager having to call the broker and then the borrower to arrange payment.
Managing these payments centrally through LendInvest’s self-service online portal cuts down the overall time taken to complete the application, whilst providing a transparent way to track this stage of the application process.
The integration has been fully implemented into the LendInvest Buy-to-Let portal, with roll-out planned for the business’ other loan products later this year.
Ian Boden, Sales Director at LendInvest, commented: “Integrating intuitive systems such as Stripe’s payment platform into our broker portal is another step towards consistently improving our speed to offer.
“By pulling all of these processes into one place, the portal reinforces its use as a ‘one-stop shop’ for brokers to access and manage a deal in an accessible, easy to use manner. Developing new and innovative ways to make the customer’s life easier should be a goal for all lenders, and one that remains at the heart of what we do.”
LendInvest and Stripe enjoy a long standing partnership, with Stripe supporting the investment side of the business by processing direct debit payments for its online investment platform.
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.