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Peer2Peer Finance News | August 21, 2019

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LendInvest

LendInvest secures £200m institutional funding line

August 12, 2019 |

LENDINVEST has secured a £200m funding line from the National Australia Bank (NAB).

The alternative property lender said the institutional funding would help expand its buy-to-let product.

The platform has now raised more than £1.8bn of debt and equity from … Read More

Institutional interest in P2P continues unabated in 2019

July 25, 2019 |

INSTITUTIONS have been highly active in the peer-to-peer lending space this year, in the form of both funding lines and equity investment.

Funding lines have helped P2P platforms to boost their lending volumes, while equity funding has been used by … Read More

LendInvest boosts business development team with new hires

July 24, 2019 |

LENDINVEST has bolstered its business development team nationwide, to support the online property lender’s next stage of growth.

Nigel Robbins has joined LendInvest from specialist mortgage lender Magellan to source deals across the South West of England.

Abby Challen has … Read More

Lendinvest bumps up buy-to-let mortgage loans to £750k

July 11, 2019 |

LENDINVEST has boosted its maximum loan size to £750,000 for its five-year fixed buy-to-let mortgages.

The online mortgage lender will also contribute up to £850 to borrowers’ legal fees at 75 per cent loan-to-value (LTV) for a limited time. This … Read More

Growth Street hiring spree snaps up three senior staff members

July 2, 2019 |

GROWTH Street has hired two senior staff members from other alternative lenders to lead its data and corporate development teams.

The peer-to-peer business lender has recruited Aaron Samuels as head of business intelligence from LendInvest and Aman Mehra has joined … Read More

LendInvest earnings soar as it looks to disrupt ‘slow moving’ banks

June 4, 2019 |

ONLINE property lender LendInvest has reported an 82 per cent jump in core earnings, as it looks to disrupt the UK mortgage market.

LendInvest, which used to be a peer-to-peer lender before it shut its platform to retail investors, posted … Read More

LendInvest’s first retail bond sees loan assets decline in value

April 26, 2019 |

LENDINVEST’S first listed retail bond has seen a £4m decline in the value of its loan assets compared to nine months ago.

LendInvest Secured Income, which is a listed wholly-owned subsidiary of online mortgage lender LendInvest, revealed a breakdown of … Read More

Online lending sector gears up for more IPOs

April 12, 2019 |

ONLINE property lender LendInvest last month confirmed that it is considering an initial public offering (IPO) as one of “a range of strategic options for the business”.

The former peer-to-peer lender – which withdrew its P2P regulatory application after it … Read More

How banks are benefiting from P2P tech innovation

April 11, 2019 |

TECHNOLOGICAL innovation is a hallmark of the P2P lending sector, and one of the key things that has supported its explosive growth since 2005 when the first P2P lender came to market.

In contrast, the traditional financial services sector has … Read More

LendInvest to enter mortgage market with £200m funding line from HSBC

April 8, 2019 |

LENDINVEST has secured a £200m funding line from HSBC UK, allowing it to make its first move into the residential mortgage lending space.

The online property lender said it plans to offer its first home loan by the end of … Read More