LendInvest’s Platform Assets under Management, which represents deployed capital, has increased by 33% year-on-year, as well as by 13% since the start of the financial year, according to its H1 trading update.
LendInvest said the growth came across all its lending products which include bridging finance and buy-to-let mortgages.
The lender also confirmed that it currently has more than £950m of lending headroom (31st March 2022: c.£793m) to support its growth trajectory in the medium term.
Rod Lockhart, chief executive officer of LendInvest, said: “The UK property finance market is ripe for disruption and our performance over the last six months reflects the attractiveness of our differentiated technology-driven platform for borrowers and funding partners alike.
“We grew across all lending products in the first half of the year, particularly in buy-to-let, but also in bridging and development which benefited from our innovative new broker portal. We remain on track to launch our Specialist Homeowner product later this year.
“Looking ahead, we are acutely aware of the disruption in the UK mortgage market, which is affecting confidence and for the moment, applications for new mortgages have slowed across the market.
“Recent market dislocation has demonstrated the flexibility and speed to market capability of our platform.
“This provides us with a competitive edge, flexibility, and proven risk management capabilities, which in addition to the size of our addressable markets and our strong financial position, gives us confidence in our long-term prospects.”
