Shaper: Christian Faes

Show aired on 7th January 2017

Transcript

Christian Faes

Christian Faes is co-founder of LendInvest, a peer-to-peer marketplace for property lending and investing.

In late 2008, as global financial markets crashed, Christian and co-founder Ian Thomas saw an opportunity. They set up a mortgage lending business called Montello Bridging Finance to fill a critical gap in short-term property finance. Whilst business was slow at first, Christian and Ian took time to get their underwriting right and build an investor network. Then, as the world began to regain its confidence, Montello emerged as one of the leading short-term mortgage lenders in the UK. LendInvest spun out of Montello in May 2013 to be the world’s first online lender for property finance. Its mission was simple: to bring the speed and efficiency of online lending to the mortgage market for the first time.

LendInvest is a member of the Peer-to-Peer Finance Association and in 2015 received the European online marketplace industry’s first rating from a credit rating agency.

Follow Christian on Twitter @ChristianFaes.

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“The average mortgage in the UK takes three months to get. It is extremely frustrating. It’s hard to imagine a poorer consumer experience.”

“I think it’s important to point out that we haven’t been an overnight success…”

“Focus not on current trend or fad, but on creating a real business. Focus on creating a business where there is a genuine consumer need.”

“Whilst we are trying to create a really fun culture and an attractive place for tech orientated people to come and work, at the end of the day we are not building a games app.”

“You can’t do everything, and I think…you do come to a realisation that there are people that can do certain things much, much better than you.”

“…they may say I am bit moody from time-to-time, but you know, that’s just with dealing a hundred different things at once.”

“The reality is we are only point one five percent of that market, so we really just scratching the surface of what can be achieved…”

“I think it is a balance between creating a great product, really valuable company and giving shareholder value as well.”

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