Peter will be tasked with forging relationships with intermediaries and building the award-winning bridging lender’s profile in Scotland. He will focus primarily on the central belt running between Glasgow and Edinburgh where demand for quality short-term property finance is highest.
Peter brings a wealth of experience to LendInvest having worked in financial services, across a range of commercial finance roles, for more than 13 years. He joins from Shawbrook Bank, where he worked as BDM for Scotland.
The appointment is LendInvest’s first official presence outside London and is part of the firm’s expansion strategy beyond the South East of England. LendInvest’s entire suite of bridging and development finance will be available to Scottish property entrepreneurs.
Matthew Tooth, Head of Distribution at LendInvest, said: “It’s excellent to have Peter on board. He brings a lot of experience to our team, and is well known within the mortgage industry in Scotland. We have identified a real demand for LendInvest products north of the border, and Peter is just the man to help us build a presence in the mortgage market there.”
Peter McDermid said: “This is an exciting time for LendInvest, which has quickly established itself as the bridging lender of choice for intermediaries in London, the South East and increasingly elsewhere in England. Now is the perfect time to bring the speedy, efficient service for which LendInvest is renowned to Scotland.”
