Lendhub breaks records in Q2

Lendhub has hit a number of record breaking milestones in Q2 this year.

The specialist lender noted a 66% increase in applications from Q1 to Q2, and a 110% rise in DIPs.

The size of the facilities provided was up 40% compared to the start of the year — a particular noteworthy case was its £13m facility for the refinancing of a 15-property portfolio in June, which was Lendhub’s largest ever loan.

The finance provider’s refurbishment offering was particularly popular among borrowers, having seen a 200% surge in applications for this product.

Throughout Q2, Lendhub completed a number of transactions, including a £3m light refurbishment facility — agreed at 54% LTGDV — for the acquisition and development of a mews property in central London, and a £720,000 medium refurbishment loan offered at 65% LTGDV.

Christopher Adamou, managing director at Lendhub (pictured above), said: “It’s been an exciting start to the year for Lendhub; we have achieved many milestones and been fortunate enough to experience substantial growth. 

“The team has also expanded to ensure our service and proposition remains ahead of the game.

“As an innovative, dynamic business, one of our core principles is to ensure we are perfectly aligned to the needs of our brokers and borrowers, focusing on the process and experience of placing an enquiry through to completion. 

“We are looking forward to keeping up the momentum with a number of exciting developments and releases for the remainder of 2021.”

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