LendInvest Mortgages has promoted Leanne Ardron to managing director of short-term lending and Steve Larkin to managing director of development finance.

Prior to their promotions, Ardron and Larkin served as head of bridging and head of development finance, respectively.

Ardron and Larkin will oversee LendInvest’s growth in both areas, including regulated and unregulated bridging loans, bridge-to-let loans, and development finance that covers a range of projects, including new build-schemes, refurbishments and conversions.

Ardron has been with LendInvest since the company’s inception in 2013, and has had previous roles as director of operations and sales director for bridging, development and buy-to-lets.

Her most recent position included a seat on the senior leadership team (SLT).

Larkin joined LendInvest in 2015 and has been managing the firm’s existing portfolio as well as leading the financing of development projects across England, Wales and Scotland.

His new role also includes a seat on the company’s SLT.

Commenting on both promotions, LendInvest chief executive officer Rod Lockhart says: “The appointment of Leanne as managing director for bridging recognises not only her unrivalled experience and leadership in this sector, but also the pivotal role bridging finance will play in LendInvest’s future as we pivot back to profitability and accelerate our lending.”

“In parallel with the UK Government’s renewed commitment to new housing, we see significant growth potential for our Development Finance products. To support this, we have promoted Steve to managing director of development and welcomed him to our SLT alongside Leanne.”

“Steve’s deep expertise in property development will be instrumental as we continue to expand our offering and strengthen our position as a leading lender in this space.”