The firm was chosen for the panels after a tender process by Senior Associate and head of the Real Estate Finance team in Norwich, Elizabeth Lee.
LendInvest has provided more than £3bn in buy-to-let, development and short-term mortgages since it was founded in 2008. It has gone onto win several awards including Specialist Lender and Buy-to-let Lender of the Year at the 2019 National Association of Commercial Finance Brokers (NACFB). In the same year, LendInvest became the first UK fintech company to securitise a portfolio of buy-to-let mortgages.
The business will now instruct Birketts alongside two existing panel firms on legal matters relating to buy-to-let mortgages and bridging finance.
Commenting on the appointment Partner and Head of the Property Division, Chris Schwer, said: “We understand how crucial it is to add value to investments and businesses in the commercial property market. Our Property team is one of the largest and best regarded in the country, with an unrivalled insight into development and investment, so I am delighted we have the opportunity to work with a business like LendInvest.
Our Commercial Property team works closely with our Corporate lawyers, ensuring that we can swiftly assemble a team with the skills to provide solutions to any situation, no matter how complex, no matter how tight the time-scale.
LendInvest has more than a decade of experience delivering billions of pounds in commercial property finance, so I am very pleased that Birketts will now work with an industry leader, helping their thousands of clients access the funds they need to develop their property portfolios.”
Sophie Mitchell-Charman, Sales Director at LendInvest, added: “I am delighted to welcome Birketts to our buy-to-let and bridging finance panels.
As our business continues to grow this is an ideal moment to bring a team with such a comprehensive skillset on board. It is important to know that our legal advice will not just be clear, but that the team are capable of providing the best and most appropriate advice on every matter.
I am confident the Property team at Birketts have the understanding and knowledge to best support our company and the developers we work with every day.”
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.
LendInvest has lent over £3bn of short term, development and buy to let mortgages. Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages.
The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.