LendInvest Development Finance counts the miles

Published on

LendInvest has revealed that its development finance team 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, which the online mortgage lender has calculated covers enough miles to get to Timbuktu.

Last month LendInvest launched 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, with subjects covered by the course including 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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...

The Leeds reports £104m profit amid robust lending and savings growth

Leeds Building Society has reported a profit before tax of £104.4 million for the...

Annual house price growth picks up as affordability improves

The UK housing market showed renewed resilience in July, with house prices rising by...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...