We have a number of precautionary systems in place to protect investors and borrowers in the event that LendInvest stops operating. These include:
Loan servicing partner
All the loans that we originate and approve are serviced by the LendInvest team in partnership with a dedicated team at Pepper UK, part of the Pepper Group, a global loan servicing company that manages over £32 billion of assets across its servicing and lending businesses on behalf of 600,000 customers around the world. In the event that LendInvest was to stop operating, Pepper UK would continue to service borrowers’ loans as normal.
We have appointed Link, a global business process outsourcing company, who would step in and manage our loan book, in the unlikely event that LendInvest was to become insolvent.
Segregated client account
We hold platform investors’ money in a segregated client account with Barclays Bank plc. If LendInvest were to become insolvent, an insolvency practitioner would be appointed to distribute the funds in the segregated client account back to platform investors. Money held in the segregated client account would not be distributed to our other creditors.
The security we obtain over the property is held under a separate trustee structure for the benefit of lender. This structure allows us to minimise any costs as well as management of the different securities.