LendInvest has announced a 17% year-on-year jump in platform assets under management (AuM) to £3.45bn.

The property finance platform also reported a 23% jump in new lending for the opening half of its financial year, totalling £663.6m.

LendInvest, announcing its H1 results for the six months to 30 September, said it had recorded a period of “consistent execution”, and suggested its rise in new lending was driven by a “leaner, more automated operation”, particularly across the buy-to-let sector.

Across the group, it posted a pre-tax profit of £1.2m against a loss of £2.4m in the corresponding H1 period last year, which it said extended a “clear upward trajectory”.

So far in LendInvest’s H2 period, the group has completed its seventh consecutive residential mortgage-backed security (RMBS) securitisation, which consisted of a pool of £270m mortgages and £40m pre-funding of UK prime mortgages.

LendInvest CEO, Rod Lockhart, said: “As we look ahead, our focus remains on disciplined execution – scaling lending, protecting margins, and compounding profitability.

“While we experienced some temporary slowdown in property purchase activity ahead of the November Budget, performance for the full year is expected to remain in line with market expectations.

“With a proven model and growing momentum, LendInvest is well positioned to capture the next phase of growth as market conditions improve.”

---