Rising house prices boost SME lending

LendInvest provides loans to SMEs which are secured against the value of their commercial and residential property holdings.

Since its launch in May this year the lender has seen its customer base surge as consumers cash in on rising house prices.

Christian Faes, co-founder of LendInvest, said: “Property secured P2P lending is completely new to the world of finance and the rise in property prices has helped drive interest from SMEs.

“We expect the surge of SME interest to continue to flourish in 2014 but for the market LendInvest represents much more than that.

“We are creating a completely new asset class – a trusted and secure alternative to investment funds.”