LendInvest launches two new business divisions
LendInvest has launched two new business divisions called LendInvest Capital, and LendInvest Mortgages, as the alternative lender “redefines” its business.
The LendInvest Capital brand will house the lender’s specialist investment products, funds, self-select platform, retail bonds and financial partnerships. Meanwhile, LendInvest Mortgages will cover the platform’s residential and bridging products, as well as its new buy-to-let range.
A company spokesperson said that the decision to redefine its business operations is to “bring together the products, people and technology that share the same characteristics”.
“As our business expands, we are committed to upholding the exceptional service and attention to detail that has become our hallmark,” added Omega Poole, LendInvest’s head of funds management.
Read more: LendInvest lowers rates across residential mortgage range
“To achieve this, we’ve established a strategic division designed to unify products with shared characteristics, enabling us to offer solutions that cater to the diverse needs of our clients.
“Our industry knowledge, coupled with our dedication to harnessing technology and nurturing lasting relationships, helps us to meet the unique requirements of our clients.
“LendInvest Capital is set to revolutionise investment in property finance, ensuring a high-quality customer experience and maintaining a robust and sustainable lending ecosystem supported by a diverse range of funding sources.”
Read more: LendInvest enters residential mortgage market
Sophie Mitchell-Charman, commercial director at LendInvest, said that LendInvest Mortgages will focus more intently on “creating market-leading mortgage technology, connecting brokers with our expert people, and ultimately offering the best products for every type of mortgage customer”.
“Everyone at LendInvest and LendInvest Mortgages is excited by what this next step can offer us, our broker partners and their mortgage customers, and the renewed focus on what we can build to make mortgages simple,” added Mitchell-Charman.
In the 15 years since the inception of LendInvest Group, the business has lent more than £6bn, and financed the construction of over 4,000 homes.
Read more: LendInvest limits bridging LTVs and cites importance of exit strategies
