Exclusive: P2P lender smashes £60m barrier in Q1

Exclusive: P2P lender smashes £60m barrier in Q1




Short-to-medium term provider LendInvest has completed over £60 million of bridging related business in the first quarter of 2015.

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p>Short-to-medium term provider LendInvest has completed over £60 million of bridging related business in the first quarter of 2015.

Last month LendInvest revealed that they had completed £26 million of bridging in one month including one £700,000 loan in 72 hours.

Sales and Marketing Director, John Prust, said: "Our proposition of highly competitive products and fast completion is proving attractive to an ever increasing number of introducers.”

Praise for the lender’s completion rate came from Ali Jabbar of Oracle, who commented: “Lendinvest completed a case for me in a few days. My client had been badly let down by another lender. I cannot thank the staff at Lendinvest enough for all their hard work.”

John also revealed that LendInvest has appointed Roz Cawood from Precise Mortgages, he noted: “Roz's professionalism and recognized lending experience can only help us achieve our ambitious growth plans.”

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