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LONDON - LendInvest Secured Income II plc has released an analysis of its loan portfolio as of March 31, 2025, in compliance with the conditions set forth in its prospectus. The portfolio’s total value stands at £38.4 million, entirely composed of bridging and intercompany loans, with no regulated or buy-to-let loans included.
The analysis, which is to be published on the guarantor’s website within 30 days of each quarter date, shows that the portfolio comprises 25 eligible loans, 23 of which are bridging loans, and the remaining two are intercompany loans. The intercompany loans include a £12.2 million loan to LendInvest Bridge Limited and a £7.5 million loan to LendInvest BTL Limited.
All eligible loans in the portfolio are secured by first-ranking legal charges, with none secured by second-ranking charges. The individual loan-to-value (LTV) ratios at origination for non-buy-to-let eligible loans range from 14% to 75%, all secured by a first-ranking legal charge. The weighted average LTV ratio for the entire portfolio is 66.15%, with the bridging loans funded by the intercompany loan to LendInvest Bridge Limited having a slightly higher average LTV ratio of 66.38%.
The portfolio shows a strong interest coverage ratio of 158.9%. However, there are two eligible loans, valued at £7.3 million, that are in material arrears, where the interest is equivalent to three months past due.
Property securing the loans is predominantly located in England, accounting for 96.36% of the portfolio, with a small portion in Greater London (9.54%). The remainder is split between property in Wales (0.76%) and Scotland (2.89%).
This factual update, based on a press release statement, provides investors with the latest insights into the performance and composition of LendInvest Secured Income II plc’s loan portfolio.
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