Despite launching just four months ago, LendInvest has completed £6 million worth of lending, including two recent deals worth a total of £1.45 million.

LendInvest is the first secured peer-to-peer platform that exclusively focusses on residential and commercial mortgages.

Across the two loans, the £1.45 million was lent out at a Loan-To-Valuation of 63 per cent, and secured by a registered first charge against residential properties in prime areas of London.

The net return to the investor after accounting for LendInvest’s fees, was an annualised return of 9 per cent pa.

As LendInvest has a live secondary market for trading loans, the investor that purchased the loans started earning a return on the loans upon completing the transaction.

LendInvest, co-Founded by Montello Chief, Christian Faes, announced just one month after its launch that it had already lent out almost £5 million.

Its successes make the platform the fastest growing peer-to-peer lender on the market, owing a great deal of its exposure to its connections with Montello.

Speaking on the news, David Serafini, Managing Director of LendInvest, said: “This transaction shows the quality of the LendInvest platform - we were able to provide an investor with a return of 9 per cent per annum, with the significant protection of being secured by a first charge against London residential property. The fact that LendInvest’s loans are secured against property, is meaning that our platform is proving to be very attractive for sophisticated investors that understand the risks of lending.”

Also commenting on the news, Christian Faes, co-founder of LendInvest and bridging lender Montello, said: “We are finding that the LendInvest platform is proving to be very popular with investors, and our secondary loans are proving to be particularly attractive. Through this, LendInvest allows investors to start earning a return straight away, rather than waiting for a loan to be ‘filled’ with investors.”