• The withdrawal facility is now available to all investors with an AML/KYC verified account

Important update

Damian Webb, Phillip Sykes and Mark Wilson, all of RSM Restructuring Advisory LLP were appointed joint administrators of:

  • Lendy Limited (“Lendy”)
  • Saving Stream Security Holdings Limited (“Saving Stream”)
  • Lendy Provision Reserve Limited (“Reserve”)

(Collectively known as the “Companies”)

on 24 May 2019, by order of the court following an application by the director. The administrators are working closely with the FCA who consented to their appointment over the Companies.

This website will be used to provide investors and creditors with information and is being updated when information becomes available on the administrations of the Companies.

The administrators have set up a dedicated email address and phone number for creditors to contact the administration team.

The address is [email protected] and the phone number is 020 3858 9653.

Due to the volume of enquiries we are receiving, to date we have only been able to respond to urgent queries.

However, our periodic updates to investors have sought to answer the most frequent queries. Copies of these letters are available to download on this website.

Due to the early stages of the administrations, the information we have is limited, we therefore request that creditors continue to consult the website and historic investor updates in the first instance. We will continue to update investors and creditors as additional information becomes available so please watch this website for updates.

The affairs, business and assets of the Companies are being managed by the joint administrators Damian Webb, Phillip Sykes and Mark Wilson who act as agents of the Companies and without personal liability.

Damian Webb, Phillip Sykes and Mark Wilson are licensed as insolvency practitioners in the United Kingdom by the Institute of Chartered Accountants In England and Wales

For more information please download our FAQs.

Investor Updates

We believe we’ve got the strongest hand to help you win!

We provide fast finance for the small to the very big, and from the ordinary to the extraordinary.

Competitively priced loans

As featured in:

BUILD ON SOLID FOUNDATIONS

Simply, development and refurbishment finance you can trust.

Lendy offers a complete range of property development and refurbishment finance solutions for every type and stage of project.

  • Build on sound foundations with certainty of funding and rates from 0.7%
  • Potentially unlimited funds from new funding line
  • 70% LTV on first charge
  • 60% LTV on second
  • 100% max loan to cost
  • Flexible rates to match individual requirements
  • Over £392m lent to date

"Using Lendy, you know where you are from the outset, unlike a big corporate bank we can speak to the relevant people and have a conference call with the client…so we can talk to decision makers"

JAMES BYRNE - LENDY BROKER

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Overview

Products we offer

Development
finance

Development finance is designed for the experienced property developer with a strong working knowledge of the market, expertise in developing property, and have good financial standing. Development loans can provide up to 70% of the Gross Development Value (GDV) which may include a roll up of interest and associated costs into the facility.

Large multi-unit block developments may require pre-sale of phases before funding can progress to the next.

Light
refurbishment

Light refurbishment can be used to purchase, or remortgage, a property needing limited repairs, redecoration and refurbishment. It is suitable for most single dwelling buy to let investment property and HMOs.

Medium
refurbishment

Medium refurbishment is ideal for property developers who require a facility to carry out remedial building work, renovation or for converting a property where planning consent is already granted.

The refurb may include non- structural conversion of a single building into multiple letting units such as self-contained ats or a multi-tenancy home of multiple occupation (HMO) where internal con guration may be necessary.

Heavy
refurbishment

Heavy refurbishment products are suitable for experienced property developers with a proven track record of property refurbishment. The facility is suitable for developers who require finance to carry out property refurbishment incorporating some structural building work or to convert a property for residential use.

The refurb may include converting a single building into multiple letting units, self- contained ats or as home of multiple occupation (HMO) accommodation with multiple tenancies.

Only available to experienced clients

Standard
bridging

This is ideal for customers looking to secure the purchase or refinance of a residential or investment property including chain break while another property is being sold, raising funds for short term requirements, auction purchase, and meeting short-term transaction deadlines.

For the avoidance of doubt, bridging include loans with no repair or development budget.

Why borrow?

There’s great benefits

Faster turnaround

Quick

Faster turnaround

If time is of the essence Lendy can act fast, enabling you to meet your deadlines.

Helping hand

Efficient

Helping hand

Lendy will work with you to ensure your application is assessed professionally and efficiently.

Better service

Honesty

Better service

Every borrower benefits from our great service. You'll always get an honest answer. And we'll keep you informed from start to finish.

Growing together

Support

Growing together

We're growing and evolving our broker partnerships and are committed to support them as they continue to grow their businesses'.