LendInvest completes two deals in Scotland

LendInvest has completed a series of bridging and development finance cases since launching into the Scottish market.

The online lender officially began operating in Scotland four months ago and deals recently completed included bridging loans for £480,000 and £200,000. 

LendInvest provided the £480,000 loan to an investor buying in a prestigious part of Edinburgh, who required the funds quickly. 

The lender managed to instruct both valuers and solicitors on the same day the application was received.

The £200,000 loan was provided for a property in Glasgow’s West End, which was to be refurbished into an HMO.

LendInvest’s Scottish presence has been helped by the appointment of Peter McDermid as business development manager for Scotland, who joined from Shawbrook in June and brought with him experience of the Scottish mortgage market. 

“Scotland offers fantastic opportunities for property investment,” said Peter.

“But investors have been hamstrung, with little access to fast, attractive bridging finance. 

“We are changing that, combining innovative products, a quick turnaround and local expertise.” 

LendInvest’s full range of bridging and development products are available in Scotland and Matthew Tooth, head of distribution, said it was building a reputation for speedy, efficient finance in the region.

“The reaction since we formally launched in Scotland has been fantastic – there is a clear demand for the LendInvest model of a varied product range of competitively priced loans and outstanding customer service.

“But this is just the beginning. 

“We want to be the first lender Scottish brokers and their clients turn to when they need short-term property finance.” 

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