LendInvest off to strong start in Scotland

Deals completed in the four months since LendInvest officially launched north of the border include:

LendInvest says it has also built a sizeable pipeline of further deals in both cities encompassing bridging and development finance loans.

LendInvest made its first strides into Scotland in June with the recruitment of Peter McDermid as Business Development Manager for Scotland.

Peter joined from Shawbrook Bank, and boasts significant experience of the mortgage market in the region. His appointment was LendInvest’s first official presence outside of London.

LendInvest’s full range of bridging and development loans are available in Scotland, including the new development exit bridge product launched last week.

The development exit bridge has been designed for developers whose project has reached practical completion, but they have not concluded selling the units, and allows them to switch to short-term, lower cost funding.

Ian Thomas, co-founder and director of LendInvest, is a key note speaker at Property 2016 in Edinburgh on Thursday 10 November, talking about the role of alternative investment for property development.

Matthew Tooth, head of distribution at LendInvest, said: “LendInvest is quickly building a reputation for speedy, efficient financing north of the border. The reaction since we formally launched in Scotland has been fantastic – there is a clear demand for the LendInvest model of a varied product range of competitively priced loans and outstanding customer service.

“But this is just the beginning. We want to be the first lender Scottish brokers and their clients turn to when they need short-term property finance.”

Peter McDermid, business development manager for Scotland at LendInvest, added: “Scotland offers fantastic opportunities for property investment. But investors have been hamstrung, with little access to fast, attractive bridging finance. We are changing that, combining innovative products, a quick turnaround and local expertise.”