As one of the fastest growing P2P platforms in the world, mortgage lender LendInvest has confirmed that it has now completed over £100 million.
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div>As one of the fastest growing P2P platforms in the world, mortgage lender LendInvest has confirmed that it has now completed over £100 million of investment in mortgages through its platform.
LendInvest has seen a huge inflow of investment over the last six months, seeing £2 million of new money placed on the platform each week.
This is invested into short-term mortgage loans with an average term of around six months. There is thought to be around 2,500 active Lendinvest investors.
The average return is reported to rest at 8.15 per cent pa, all secured by a first registered mortgage against a UK property.
LendInvest was launched in May last year, and is thought to be the fourth largest P2P lender in the UK, just behind Zopa, Ratesetter and Funding Circle.
LendInvest Co-Founder, Christian Faes, commented: "The 'Big 3' of the UK peer-to-peer lending market, is clearly now the 'Big 4', which must firmly include LendInvest. We are one of the fastest growing peer-to-peer platforms in the world, leveraging off a six year track record of actively lending in the short-term Buy-To-Let mortgage market in the UK.
“We are in a unique position with our funds management business, Montello. This provides us with strong institutional investor relationships, and a relatively substantial balance sheet from those funds, that can be deployed on the LendInvest platform.”
The platform has recently hired an experienced data scientist to head up a team that will enhance the lender’s credit underwriting models and transparency.
This team is soon to produce publicly available track-record data.
LendInvest allows investors from individuals through to institutions, to invest in short-term Buy-To-Let loans.
LendInvest is associated with leading real estate fund manager, Montello Funds Management, which invests in a large portion of the loans originated.
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