LendInvest sees record December for loan originations

Published on

LendInvest lent £83 million to professional property investors, developers and landlords in December 2018, its best month on record.

Its December lending was bolstered by a number of key product changes for its buy-to-let and bridging products in the last quarter of the year, and a number of hires across all teams on the lending side of the business, with 13 new hires in the buy-to-let team alone in 2018.

LendInvest currently has vacancies open in underwriting and BDM roles to manage a high level of loan applications.

The lender secured further significant capital investment throughout the year to meet the increasing demand for property loans, including launching a second Retail Bond on the London Stock Exchange, followed by the close of a £150 million funding deal with Nomura and Magnetar.

Ian Thomas (pictured), co-founder and chief investment officer at LendInvest, said: “In what was a short month in terms of business days, we have achieved a fantastic new record of loan originations for the business.

“This year the team have truly gone above and beyond in ensuring we are delivering the finance our borrowers need, at speed – our focus now is keeping this momentum going into 2019.”

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

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...

LendInvest raises £300m through latest Mortimer securitisation

LendInvest has completed its eighth Mortimer residential mortgage-backed securitisation, securing £300 million of funding...

TMG adds Gable Mortgages to lender panel

TMG Mortgage Network has added Gable Mortgages to its lender panel, giving member firms...

Latest publication

Other news

ModaMortgages cuts rates with limited edition buy-to-let range

ModaMortgages has launched a limited edition buy-to-let range with rates reduced by up to...

First-time buyers face confidence gap as unexpected costs and delays mount

Nine in 10 first-time buyers believe they understand the home-buying process before starting, but...

Family BS hires Paul Ormonde for Central London broker role

Family Building Society has appointed Paul Ormonde as a business development manager covering Central...