LendInvest

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LendInvest
Private
IndustryMarketplace lending & investing[1][2][3][4][5][6][7]
Headquarters
Key people
Christian Faes, CEO & Founder Ian Thomas, CIO
ProductsResidential and commercial mortgages
Marketplace lending & investing
ServicesFinancial services
Websitelendinvest.com

LendInvest is a non-bank mortgage lender [8] in the UK,[9] and is a property lending and investing platform.[10] As an alternative Fintech[11][12][13] lender in the property market,[14] LendInvest provides fast finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.[15]

LendInvest is regarded as one of the leading FinTech companies in the UK,[16] and has been referred to as a 'future billion dollar' business.[17]

LendInvest was launched in 2013 when it was spun out of Montello,[18] a London-based specialist short-term property finance lender.

LendInvest is a privately held company[19] and is backed by Atomico, the European venture capital investment fund co-founded by Niklas Zennström, which invested £17 million in the company in March 2016.[20]

LendInvest operates throughout the UK with staff based regionally covering Southern England, Northern England and Scotland.[21]

History[edit]

Since 2015, LendInvest has published an independently audited Annual Report on its website.[22] In the year to 31 March 2017, LendInvest reported 20% revenue growth to £40 million and an underlying profit from operations of £2.6 million.[23]

As at 31 March 2017, LendInvest had lent £811 million to property investors, landlords and developers,[24] and was managing and advising on £412.5 million of facilities on behalf of a range of UK and international investors.[25]

In February 2017, LendInvest published a report entitled "Starting small to build more homes: A blueprint for better policymaking in the property SME market",[26] that revealed that SMEs in the housebuilding sector have been failing at alarming rates,[27] and argues that the government could help to resolve the country's chronic housing shortage by rebooting its strategy to help smaller property firms.[28] The report was formally launched on 21 March 2017 by Conor Burns MP.[29]

In June 2017, LendInvest received a third SQ1 Servicer Quality Rating from European ratings agency ARC Ratings[30]. ARC Rating assesses the process used by LendInvest to originate, underwrite and service property loans.[31]

In September 2016, LendInvest launched the LendInvest Property Development Academy,[32] a non-profit two day course for aspiring property entrepreneurs to learn how to better equip themselves with the skills they need to grow their property development portfolios.[33] Academy courses are held in London, Manchester, Edinburgh, Bristol and Birmingham.[34] The Academy was launched in collaboration with the University of Reading[35] and is supported by the Home Builders' Federation.[36] The initiative was attended by the Scottish government in June 2017 when Minister for Housing Kevin Stewart MSP launched the Edinburgh course.[37]

Products[edit]

LendInvest provides bridging finance for borrowers who need certainty of funding within a specific timeframe, and development finance for property developers who need funding to start or exit a project.[38]

LendInvest is creating the most diverse capital base of any mortgage lender in the UK market.[39] On 10 August 2017, LendInvest successfully launched a listed retail bond on the London Stock Exchange.[10] The process to raise LendInvest's first retail bond was closed early and oversubscribed.[40] The retail bond is the first to be issued by a FinTech business and constitutes a fourth funding channel for the company.[40] LendInvest's first retail bond was added by the Daily Telegraph's Questor share tip column to its £500,000 Income Portfolio on 4 August 2017.[41]

References[edit]

  1. ^ "Alternative lenders help fill funding gap". Mortgage Strategy. Retrieved November 7, 2013.
  2. ^ "10 Questions with... Christian Faes of Montello". Bridging and Commercial. Retrieved November 7, 2013.
  3. ^ "Second real estate debt fund for Montello". Opalesque. Retrieved November 7, 2013.
  4. ^ "LendInvest off to a flying start". Mortgage Introducer UK. Retrieved November 7, 2013.
  5. ^ "P2P mortgage lending platform launches". Mortgage Introducer UK. Retrieved November 7, 2013.
  6. ^ "LendInvest join the P2P Finance Association". Mortgage Introducer. Retrieved November 7, 2013.
  7. ^ "Peer-to-peer mortgage lender launches". Every Investor. Retrieved November 7, 2013.
  8. ^ Ram, Aliya (21 August 2017). "Peer-to-peer lending websites struggle to attract borrowers". Financial Times.
  9. ^ Ratcliffe, Madeline (8 January 2016). "Peer to peer mortgage lender LendInvest hits £500m mark". City A.M.
  10. ^ a b "LONDON STOCK EXCHANGE WELCOMES LENDINVEST SECURED INCOME PLC". https://www.lseg.com/. External link in |website= (help)
  11. ^ "Lendinvest". The FinTech 50. Retrieved 2017-11-01.
  12. ^ Finextra (2017-08-10). "LendInvest makes London Stock Exchange debut with £50m raise". Finextra Research. Retrieved 2017-11-01.
  13. ^ "Fintech lender LendInvest to launch retail bond offering - AltFi News". AltFi. Retrieved 2017-11-01.
  14. ^ Weeks, Ryan (19 July 2017). "Fintech lender LendInvest to launch retail bond offering". Altfi News.
  15. ^ "LendInvest launches first retail bond for secured property loans". Wealth Adviser. 26 July 2017.
  16. ^ Smith, Edwin (8 February 2015). "25 fintech companies set for stardom". Raconteur.
  17. ^ Williams-Grut, Oscar (20 April 2017). "17 fintech businesses that could one day be worth over $1 billion". Business Insider UK.
  18. ^ Allen, Kate (22 September 2014). "Is peer-to-peer a new home for UK property finance?". Financial Times.
  19. ^ "Structured Finance - Review Report" (PDF). Arc Ratings. 23 June 2017.
  20. ^ Palmer, Kate (14 March 2016). "Skype co-founder Niklas Zennström buys £17m stake in peer-to-peer lender". Telegraph.
  21. ^ "LendInvest hires Andy Virgo as first BDM for Southern England". Business Money. 15 August 2017.
  22. ^ Hurst, Samantha (18 January 2016). "P2P Lending Platform LendInvest Publishes Annual Report". Crowdfund Insider.
  23. ^ Bambrough, Billy (7 October 2016). "Alternative mortgage lender LendInvest posts a 133 per cent rise in revenue as profit flattens out". City A.M.
  24. ^ McGagh, Michelle (1 August 2017). "LendInvest 5.25% bond offer closes on Friday". Citywire Money.
  25. ^ Norman, Paul. "LendInvest adds retail bond to funding sources". CoStar.
  26. ^ "LendInvest publishes a blueprint for change to government treatment of property SMEs". Housebuilder & Developer. 6 March 2017.
  27. ^ Rothstein, Matthew (7 March 2017). "Turning Around Housebuilding SMEs Might Be The Key To Recovery In The Sector". Forbes.
  28. ^ Faes, Christian (7 March 2017). "Entrepreneur housebuilders have been crushed: We must bring them back to life". City A.M.
  29. ^ "Conor discusses housebuilding". Conor Burns. 19 April 2017.
  30. ^ "LendInvest receives highest rating from European ratings agency | Mortgage Introducer". Mortgage Introducer. 2017-06-29. Retrieved 2017-11-13.
  31. ^ "LendInvest receives highest rating from European ratings agency for third consecutive year". Bridging Loan Directory. 2017-06-29. Retrieved 2017-11-13.
  32. ^ Lockhart, Rod (6 June 2017). "We must reverse decline of smaller housebuilders". Property Week.
  33. ^ "What attendees thought of the LendInvest Property Development Academy". Mortgage Strategy. 22 December 2016.
  34. ^ Shoffman, Marc (23 June 2017). "LendInvest launches Scottish Property Development Academy". Peer2Peer Finance News.
  35. ^ Lynn, Alex (30 March 2017). "LendInvest's property development academy expands to the North". Development Finance Today.
  36. ^ Hall, Robyn (20 January 2017). "Home Builders Federation backs LendInvest academy". Specialist Finance Introducer.
  37. ^ Mackie, Gareth (23 June 2017). "LendInvest launches academy for budding property tycoons". The Scotsman.
  38. ^ Jobson, Myron (28 July 2017). "The LendInvest bond promises to pay investors 5.25% with two payments a year until 2022, but should you invest?". This is Money.
  39. ^ Turvill, William (28 April 2016). "Peer-to-peer mortgage company LendInvest announces £40m warehouse funding line from Macquarie". City A.M.
  40. ^ a b "LendInvest makes London Stock Exchange debut with £50m raise". Finextra. 10 August 2017.
  41. ^ Dyson, Richard (28 July 2017). "Questor: With a 5.25pc coupon and a five-year term, this new bond issue is worth a look". The Telegraph.

External links[edit]