LendInvest achieves record month for signed buy-to-let applications
LendInvest has seen a record month of signed applications in January 2019, with 428 applications collectively valued at £100m.
The lending operations team has grown from 21 in February 2018 to 37 this month, through a combination of internal promotions and external hires.
Ian Boden, sales director at LendInvest, said: “Kicking off what is lined up to be another huge year for the business with a record month for BTL applications is brilliant, and could not have been achieved without the work that the loan operations team put in on a day to day basis.
“Our escalation in hires for this team has moved in direct correlation with the demand we receive for our product, a demand that we only see increasing as we move further into 2019.”
Among the external hires is Jack Broadbridge, who joined as senior bridging underwriter. Previously working for Shawbrook as a lending manager, Broadbridge has extensive experience in the lending operations process.
Kwok Tao Chan has also joined as senior buy-to-let underwriter from Atom Bank, where he worked as a commercial underwriter, bringing 15 years of financial services experience to the team.
The loan operations team has also made a string of internal promotions, including that of Gareth Thomas, making the move from senior underwriter to buy-to-let team leader. He will now be helping the team manage their pipeline, signing cases off, allocating new cases to underwriters and assisting with training.
The rapid growth of the team comes as the company reports its record month of £83m for loan originations in December, and a record month for buy-to-let applications in January 2019.