LendInvest slashes minimum investment size

LendInvest has reduced its minimum investment size, in an effort to open up its mortgage crowd funding platform to a wider market.

LendInvest had previously required a minimum investment on the platform of £50,000, however this has now been reduced to just £10,000.

Recent research from the Open Data Institute revealed that the UK’s peer to peer market has trebled over the last three years, and is set to grow to over £1 billion by 2016.

LendInvest provides investors with the opportunity of lending into the huge funding gap in the residential and commercial mortgage market.

LendInvest is a P2P lender, but provides investors with the additional benefits of an investment that is secured against property.

Commenting on the success of the Company, Christian Faes, LendInvest Co-Founder, said: "Since LendInvest launched, we have completed almost £5 million of transactions over numerous deals. The real advantage with LendInvest is that investors can start earning a return on their investment straight away - investors don't have to wait around for months on end, to see if enough investors sign up to do a deal. We have live deals that are funded and there for investors to take loan parts in."

Speaking on the news, David Serafini, LendInvest Managing Director, said: "The recent ODI report shows that there is a huge amount of interest in this asset class. There were also a number of really interesting items to come out of the report. One of these was that in over 14 million loan parts that have traded, only a very small handful of these were for large amounts of money (over £50,000).

“So whilst the P2P space is growing rapidly and moving into the mainstream, crowd funding has a way to go for it to become a mainstream investment for High Net Worth and Sophisticated Investors.rs with the opportunity of lending into the huge funding gap in the residential and commercial mortgage market. LendInvest is a P2P lender, but provides investors with the significant additional benefit of an investment that is secured against property."