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Peer2Peer Finance News | August 18, 2019

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LendInvest joins trade body to support SME builders

LendInvest joins trade body to support SME builders
Suzie Neuwirth

LENDINVEST has joined the Home Builders Federation to help support the growth of small- and medium-sized housebuilders in the UK.

The online mortgage lender, which is part of the Peer-to-Peer Finance Association, said that it champions the small developer and hopes that its membership of the trade body will help ensure that the government’s housing policy addresses challenges for SMEs in access to land, finance and skills.  

The Home Builders Federation is the representative body of the private sector housebuilding industry in England and Wales and its members are responsible for 80 per cent of housing output each year. The organisation supports LendInvest’s property development academy, a non-profit, two-day course across five UK cities that intends to create a new generation of property entrepreneurs.

Read more: LendInvest completes its largest development finance deal

“The Home Builders Federation is recognised as the voice of the home building industry and becoming a member will help us to support the growth of SME builders in every region of the UK,” said Ian Thomas, Chief Investment Officer at LendInvest.

“There’s no silver bullet to solve the housing crisis, but by forging links of this kind we hope to drive momentum behind industry initiatives to increase sector skills, enhance the voice of the property sector and ultimately put more homes on British streets.”

Read more: LendInvest posts 133 per cent revenue rise          

“With an undersupply of homes in the UK, it will take partnership between of all parts of the home building industry to deliver the homes the country needs,” said John Slaughter, director of external affairs at the Home Builders Federation.

“For this reason, we are delighted to welcome LendInvest as an associate member of the Home Building Federation and look forward to their continued contribution in supporting small house builders to scale.”

Read more: LendInvest partners with loan servicing firm Pepper UK