Fast-Growing P2P Lender Hits Milestone

By AltFi on Wednesday 2 April 2014

Alternative Lending

The first p2p lending platform to be geared towards residential and commercial mortgages has now funded over £50m of property transactions.

Since being spun out of short-term mortgage lender Montello last May, LendInvest has been among the fastest growing platforms out there. In its 10 short months of existence, almost 1,000 lenders have lent over £31.5m – funding over £50m of property transactions via the platform.

Christian Faes, Co-Founder of LendInvest, commented on the news:

"Despite some of the headlines, there is still a huge funding gap in the UK mortgage market. Mortgage lending this year will likely be less than half what it was in 2006/2007. This presents P2P investors on platforms like LendInvest, with a great opportunity to achieve superior secured returns.

LendInvest is proving to be hugely popular with investors, as it provides investors with a pure peer-to-peer lending platform, and returns that are secured against property. 

LendInvest does not operate like a fund. Investors can go online and select the exact loans that they invest in, the exact property that they lend against, and create their own portfolio of loans. This transparency is hugely attractive for investors."

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