Ian Thomas

LendInvest launches new product transition process for developers

LendInvest has introduced a new process for development finance borrowers to help them transition between products.


The specialist property finance lender’s product transition process will enable existing borrowers to transfer between specialised loans that are tailored to support them at each stage of their development project.

The process covers loans provided by LendInvest, ranging from pre-construction finance to refurbishment finance, or development finance to development exit loans.

Borrowers will also benefit from the support of exactly the same team that they dealt with when they originally applied for their first loan.

The process will include a shorter application form, reduced underwriting on their subsequent loans and the use of an internal quantity surveyor.

LendInvest said that the process would cut the cost, complication and time usually associated with refinancing. 

“As a modern mortgage lender, we are continually thinking and devising new innovations that transform for the better how our developers can access the finance they need and move as smoothly as possible through the loan process,” said Ian Thomas, co-founder and CIO at LendInvest (pictured above). 

“It is not just a matter of knowing what the borrower needs now, but also confidently anticipating what they will need in the coming months – and even years – that follow.” 

The new process has already been used by Amit Malhotra, a residential developer and repeat LendInvest borrower, who moved from a development finance facility to a development exit loan when his project reached practical completion.

“You can only plan so far with a development, any small setback can alter your timeline, which can in turn be problematic when it comes to selling,” said Amit. 

“This is where LendInvest’s approach to product transition truly sets [it] apart as a lender. 

“Having the option to quickly and painlessly transfer from our initial development loan to a development exit, gave us the flexibility we needed as well as taking the pressure off rushing a sale.”

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