LendInvest lends £500m to finance circa 1,800 UK homes in 2017

By Paul Norman - Thursday, January 04, 2018 9:19

LendInvest, the specialist property lender, lent £500m to help professional property investors, developers and landlords buy, build or renovate circa1800 homes during 2017. This marks a 33% increase on the previous year’s £375m.

LendInvest said the loan origination performance in 2017 had been driven by a focus on developing more tailored loan products for distinct categories of borrowers.

Over the year, LendInvest added five new products to its loan range and now offers a total of eight loan types, each designed specifically for different borrower requirements. The new additions included Refurbishment Finance, Pre-Construction Finance and professional Buy-To-Let loans.

The company also made senior hires into its sales team, including the appointment of Ian Boden as Sales Director who joined after several years running Aldermore’s commercial lending business. At the same time, LendInvest expanded its team of field-based Business Development Managers, ramping up its lending capacity outside London and the Southeast.

LendInvest has now lent a total of over £1.2bn to property investors and developers. T

Christian Faes, Co-founder and CEO at LendInvest, said: “Surpassing the £500m milestone for annual lending was a great way to close off a fantastic year for the business. Despite an unexpected snap General Election in June and the continued weight of Brexit negotiations on the general economy, we are just as confident as our customers in the resilience of the professional property investment market. Demand for high quality lending products has not wavered. We expect to see this appetite increase again in 2018, as we further consolidate our dominant share of the short-term lending market and rapidly roll out our buy-to-let loan offering.“

In December, LendInvest reported a record-breaking year of capital raising. Between January and December 2017, the company’s invested capital base grew by 104% to £765m ($1.03bn).

pnorman@costar.co.uk

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