LendInvest, the UK’s marketplace for property finance, has announced that Ian Boden, the company’s Sales Director responsible for Buy-to-Let (BTL), will leave the business at the end of April.
Ian Boden, who has been with LendInvest since summer 2017, plans to retire early after over 40 years in financial services, the last 15 years of which specialising in BTL and commercial mortgages. Ian joined LendInvest from Aldermore and previously held senior management roles at banks including HSBC and Lloyds.
Ian joined LendInvest to drive the innovative lender’s entry into the BTL market. The team originated its first BTL loan in Dec 2017 and over the next two years, BTL business has grown significantly. By the end of 2019, more than 2300 brokers had introduced over 6800 BTL deals to LendInvest, culminating in BTL loans worth in excess of £500m and being recognised as the NACFB’s BTL Lender of the year for 2019. In the same period, the BTL team itself has grown from 4 to 25 full time BDMs, case managers and underwriters, supported by a nine-strong field-based BDM team.
LendInvest now sits on the lending panels of some of the country’s leading mortgage clubs, including SimplyBiz, Paradigm and MCI. A number more mortgage club collaborations will be confirmed in the next few weeks.
Rod Lockhart, CEO of LendInvest, commented:
“Ian has made a massive contribution to LendInvest in the last two and a half years. He leaves us now at a strong position, with a competitive and popular BTL product that’s doing good business. We wish Ian all the very best in his retirement and hope he enjoys his well-earned rest!”
Ian Boden, Sales Director at LendInvest, added:
“LendInvest has been a fantastic place to spend the last few years of my career. The team at LendInvest is an innovative and vibrant bunch of people, all highly capable. I’ve no doubt the LendInvest BTL product will continue to be a substantial success story as the business continues to grow.”
Ian’s replacement is now being sought.
Matt Tooth, Chief Commercial Officer at LendInvest, said:
“Ian will be a tough act to follow, but applications are open for his successor. We look forward to meeting talented, experienced people from across the industry who want to develop their careers at LendInvest.”
This news follows the announcement in January that LendInvest has made key changes to its BTL product range, increasing the maximum loan size for all property types and introducing a new cash back contribution towards legal fees.