LendInvest passes £50m milestone via peer-to-peer

LendInvest, the first peer-to-peer lending platform specifically for residential and commercial mortgages, has confirmed that it has now funded over £50m of property transactions.

Spun out of leading short-term mortgage lender Montello last May, this milestone renders LendInvest one of the fastest growing peer-to-peer lending platforms globally. In its first 10 months, almost 1,000 investors lent over £31.5m, funding over £50m of property transactions through LendInvest.

LendInvest co-founder, Christian Faes, commented:”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 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,” he added.