According to the lender, the significant growth was partly driven by profits arising from the completion of its third securitisation and the transfer of a £100m portfolio of BTL assets to JP Morgan under the separate account agreement.

Investor appetite for exposure to the UK property finance market via its investment products led to LendInvest’s funds under management rising by 18% to a record £2.9bn.

The lender witnessed strong demand for its BTL products, resulting in a 67% increase in BTL platform assets under management, which in turn drove a 36% growth in total platform assets under management.

These are the lender’s first annual results as a public company, following its listing on London’s AIM in July last year.

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Following the successful performance, LendInvest’s board is recommending a maiden dividend of 4.4p per share — according to CEO Rod Lockhart (pictured above), the firm is confident that the group’s cashflow will “comfortably support a progressive dividend policy” and enable it to continue its investment plans for business growth.

"This has been a landmark year for us,” added Rob.

“We have delivered our most profitable set of results to date and successfully listed on AIM to support our growth ambitions.

“Our performance is testament to the attractiveness of our model, demonstrated by our ability to attract significant capital from our investors and the strong demand from borrowers for our innovative offering and stand-out customer service. 

"We remain at the forefront of the digital transformation of one of the last verticals of financial services yet to be disrupted by technology. 

“While we are mindful of the uncertain economic environment, we are very excited about the significant opportunities ahead."