Who are you?
What does it say on your business card?
Head of Distribution, LendInvest
What is LendInvest?
LendInvest is the UK’s leading online marketplace for short-term property lending. We spun out of Montello Bridging Finance back in 2013. We fund bridging, development and short term buy-to-let loans to borrowers. Investors are then offered the chance to invest in the loans. So far investors have been very happy with the returns on offer, which have been 5% plus.
In what ways can you work with and help landlords?
So far we have lent more than £600 million to landlords and developers. We have many years of hands-on experience of lending, dating back to Montello. If you are a broker or a borrower looking for short-term funding when adding to your portfolio, or to get your development off the ground, we can help.
How do you see the raft of incoming tax changes affecting the buy-to-let landscape over the next few years?
There’s no doubt that the Government wants to move towards professionalising buy-to-let, moving away from the amateur landlord with a property or two towards those with a far more significant portfolio.
What is the biggest challenge facing landlords at the moment?
Deciding what to do next in the face of a number of legal and tax changes which cross a number of areas. Good holistic advice is always hard to come by and the best brokers and financial advisers will be in very high demand this year.
What is your greatest achievement in your current role and what made it so special?
The best achievement was our record month in March 2016. We smashed the previous record for completions and lent just over £50 million. It was a team effort. A good deal of business is about results and this was a great result for the team and we will celebrate accordingly.
What is the most satisfying part of your job?
Seeing the people in the LendInvest team excel in their roles, exceed expectations and grow through their own efforts.
What is your property prediction for the remainder of 2016?
I predict a fairly dull 2016. A slowdown now through the summer and a modest recovery after the Brexit vote with prices ahead 3-4% by year end.