The LendInvest platform allows investors to circumvent the banks and lend directly to borrowers, secured against residential and commercial property.
The platform is still in soft-launch but has already completed £3.5m of loans.
Founders Christian Faes and Ian Thomas, principals of short-term property lender Montello Capital Partners, have just taken on David Serafini to manage the business.
Serafini has held a number of positions in the City and was previously an ex-IT analyst with the Royal Bank of Scotland.
“In an environment where investors get next to zero return for cash in the bank, it is understandable that sophisticated investors are looking at sound alternative investments,” said Serafini.
“LendInvest allows investors to invest in loans that are secured against real estate, and to obtain superior returns. There are a number of peer-to-peer platforms that are out there, but this is the only platform in the UK that is for originating and funding new residential and commercial loans, and acts as an after-market for trading completed loans.”
Faes added: “Through the association with Montello, LendInvest is able to incorporate some of the most sophisticated fraud detection and underwriting processes in the market, and essentially makes these available to investors.”
Peer-to-Peer Mortgage Lenders & Equity Release
What Is Equity Release?
Equity release is the use of financial arrangements that provide the owner of a house, or other property, with funds derived from the value of the property while enabling them to continue using it.
How Does Equity Release Work?
Equity release is aimed at homeowners aged 55 and over. It allows you to take some of the value of your home as cash.