LendInvest LendInvest is the UK's leading marketplace for property finance that is bringing technology to the £1.2 trillion UK mortgage market - an entirely offline market. LendInvest spun out of Montello, an offline short-term mortgage lender in 2013 to improve the process of getting a mortgage and to make mortgages an accessible asset class for every investor. Today LendInvest investors have lent over £1 billion to help borrowers buy, build or renovate almost 4,000 properties making LendInvest one of the fastest-growing online lending businesses in the world. The company also has significant institutional backing, including a £17m ($25m) Series B investment from Atomico, the VC fund led by Skype founder, Niklas Zennstrom that closed in March 2016.
In 2017. LendInvest expanded its loan product range from three to [eight] products, each specially tailored to distinct borrower types. We’ll continue to expand our range over the year, broadening its reach. The company lends 40-60% more year-on-year. In 2017 alone, it lent £500m against 1,800 homes - a 33% increase on the previous year’s record. This will increase this again in 2018, consolidating LendInvest's position as Europe’s largest property investment marketplace. The company launched buy-to-let loans in 2017. BTL is 10x the size of the short-term specialist lending market where we already command 10% market share. LendInest will build its BTL offering in 2018 becoming one of the UK’s largest professional BTL lenders.