LendInvest

Last updated


LendInvest
Type Public
AIM: LINV
Industry Fintech
Headquarters
London, England
Key people
Rod Lockhart, CEO
Christian Faes, Executive Chairman & Co-founder
Ian Thomas, CIO & Co-founder
ProductsResidential and commercial mortgages
Investment platform
Services Financial services
Website lendinvest.com

LendInvest is a non-bank mortgage lender [1] in the UK, [2] and is a property lending and investing platform. [3] As an alternative Fintech [4] [5] [6] lender in the property market, [7] LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team. [8]

Contents

LendInvest is regarded as one of the leading FinTech companies in the UK, [9] and has been referred to as a 'future billion dollar' business. [10]

LendInvest was launched in 2013 when it was spun out of Montello, [11] a London-based specialist short-term property finance lender.

LendInvest is a public company [12] and is backed by Atomico, the European venture capital investment fund co-founded by Niklas Zennström, which invested £17 million in the company in March 2016. [13]

LendInvest operates throughout the UK with staff based regionally covering Southern England, Northern England and Scotland. [14]

History

Since 2015, LendInvest has published an independently audited Annual Report on its website. [15] In the year to 31 March 2017, LendInvest reported 20% revenue growth to £40 million and an underlying profit from operations of £2.6 million. [16]

In February 2017, LendInvest published a report entitled "Starting small to build more homes: A blueprint for better policymaking in the property SME market", [17] that revealed that SMEs in the housebuilding sector have been failing at alarming rates, [18] and argues that the government could help to resolve the country's chronic housing shortage by rebooting its strategy to help smaller property firms. [19] The report was formally launched on 21 March 2017 by Conor Burns MP. [20]

In June 2017, LendInvest received a third SQ1 Servicer Quality Rating from European ratings agency ARC Ratings. [21] ARC Rating assesses the process used by LendInvest to originate, underwrite and service property loans. [22]

In September 2016, LendInvest launched the LendInvest Property Development Academy, [23] a non-profit two day course for aspiring property entrepreneurs to learn how to better equip themselves with the skills they need to grow their property development portfolios. [24] Academy courses are held in London, Manchester, Edinburgh, Bristol and Birmingham. [25] The Academy was launched in collaboration with the University of Reading [26] and is supported by the Home Builders' Federation. [27] The initiative was attended by the Scottish government in June 2017 when Minister for Housing Kevin Stewart MSP launched the Edinburgh course. [28]

In November 2017, LendInvest launched into the UK Buy-to-Let market [29] and in June 2019 became the first Fintech to securitise its own assets in a £259 million securitisation of Buy-to-Let loans. [30]

LendInvest became a public company in July 2021, listing on the London Stock Exchange's AIM. [31]

Products

LendInvest provides short-term financing options, and Buy-to-Let mortgages for UK-based property investors. [32]

On 10 August 2017, LendInvest launched a listed retail bond on the London Stock Exchange. [3] The process to raise LendInvest's first retail bond was closed early and oversubscribed. [33] The retail bond is the first to be issued by a FinTech business and constitutes a fourth funding channel for the company. [33] LendInvest's first retail bond was added by the Daily Telegraph's Questor share tip column to its £500,000 Income Portfolio on 4 August 2017. [34]

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References

  1. ↑ Morris, Stephen (24 March 2020). "Non-bank lenders push for access to emergency state funding". Financial Times.
  2. ↑ Ratcliffe, Madeline (8 January 2016). "Peer to peer mortgage lender LendInvest hits £500m mark". City A.M.
  3. 1 2 "LONDON STOCK EXCHANGE WELCOMES LENDINVEST SECURED INCOME PLC". lseg.com/.
  4. ↑ "Lendinvest". The FinTech 50. Retrieved 2017-11-01.
  5. ↑ Finextra (2017-08-10). "LendInvest makes London Stock Exchange debut with £50m raise". Finextra Research. Retrieved 2017-11-01.
  6. ↑ "Fintech lender LendInvest to launch retail bond offering - AltFi News". AltFi. Retrieved 2017-11-01.
  7. ↑ Weeks, Ryan (19 July 2017). "Fintech lender LendInvest to launch retail bond offering". Altfi News.
  8. ↑ "LendInvest launches first retail bond for secured property loans". Wealth Adviser. 26 July 2017.
  9. ↑ Smith, Edwin (8 February 2015). "25 fintech companies set for stardom". Raconteur.
  10. ↑ Williams-Grut, Oscar (20 April 2017). "17 fintech businesses that could one day be worth over $1 billion". Business Insider UK.
  11. ↑ Allen, Kate (22 September 2014). "Is peer-to-peer a new home for UK property finance?". Financial Times.
  12. ↑ "Companies house". Companies house.
  13. ↑ Palmer, Kate (14 March 2016). "Skype co-founder Niklas Zennström buys £17m stake in peer-to-peer lender". Telegraph.
  14. ↑ "LendInvest hires Andy Virgo as first BDM for Southern England". Business Money. 15 August 2017.
  15. ↑ Hurst, Samantha (18 January 2016). "P2P Lending Platform LendInvest Publishes Annual Report". Crowdfund Insider.
  16. ↑ Bambrough, Billy (7 October 2016). "Alternative mortgage lender LendInvest posts a 133 per cent rise in revenue as profit flattens out". City A.M.
  17. ↑ "LendInvest publishes a blueprint for change to government treatment of property SMEs". Housebuilder & Developer. 6 March 2017.
  18. ↑ Rothstein, Matthew (7 March 2017). "Turning Around Housebuilding SMEs Might Be The Key To Recovery In The Sector". Forbes.
  19. ↑ Faes, Christian (7 March 2017). "Entrepreneur housebuilders have been crushed: We must bring them back to life". City A.M.
  20. ↑ "Conor discusses housebuilding". Conor Burns. 19 April 2017.
  21. ↑ "LendInvest receives highest rating from European ratings agency | Mortgage Introducer". Mortgage Introducer. 2017-06-29. Retrieved 2017-11-13.
  22. ↑ "LendInvest receives highest rating from European ratings agency for third consecutive year". Bridging Loan Directory. 2017-06-29. Retrieved 2017-11-13.
  23. ↑ Lockhart, Rod (6 June 2017). "We must reverse decline of smaller housebuilders". Property Week.
  24. ↑ "What attendees thought of the LendInvest Property Development Academy". Mortgage Strategy. 22 December 2016.
  25. ↑ Shoffman, Marc (23 June 2017). "LendInvest launches Scottish Property Development Academy". Peer2Peer Finance News.
  26. ↑ Lynn, Alex (30 March 2017). "LendInvest's property development academy expands to the North". Development Finance Today.
  27. ↑ Hall, Robyn (20 January 2017). "Home Builders Federation backs LendInvest academy". Specialist Finance Introducer.
  28. ↑ Mackie, Gareth (23 June 2017). "LendInvest launches academy for budding property tycoons". The Scotsman.
  29. ↑ Reporter, Financial. "LendInvest launches into buy-to-let market". Financial Reporter. Retrieved 2021-10-21.
  30. ↑ "LendInvest completes first £259m securitisation as it looks to further take market share from big banks". AltFi. Retrieved 2021-10-21.
  31. ↑ "Stock". www.londonstockexchange.com. Retrieved 2021-10-21.
  32. ↑ "Intermediaries". www.lendinvest.com. Retrieved 2021-10-21.
  33. 1 2 "LendInvest makes London Stock Exchange debut with £50m raise". Finextra. 10 August 2017.
  34. ↑ Dyson, Richard (28 July 2017). "Questor: With a 5.25pc coupon and a five-year term, this new bond issue is worth a look". The Telegraph.
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