Lendinvest PLC Announcement of GBP500 million funding partnership (6546E)
03 7월 2023 - 3:00PM
UK Regulatory
TIDMLINV
RNS Number : 6546E
Lendinvest PLC
03 July 2023
3 July 2023
Announcement of GBP500 million funding partnership
LendInvest plc (AIM: LINV; "LendInvest" or the "Group"), the
UK's leading platform for mortgages, has today announced a GBP500
million investment to fund part of its future mortgage originations
for its Buy-to-Let and Residential Mortgage products from Chetwood
Financial Limited.
This new funding will further the growth of LendInvest's
Buy-to-Let business, which supports professional landlords, as well
as its newly launched Residential Mortgage range, which has been
developed to support customers who are underserved by high street
mortgage providers.
LendInvest's proprietary technology platform makes even the most
complex of cases simpler and faster, and improves the experience
for prospective homeowners, property developers and professional
landlords.
Chetwood joins the growing roster of global financial
institutions choosing to support LendInvest's mortgage products,
including Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan,
Lloyds, National Australia Bank and Wells Fargo.
Rod Lockhart, Chief Executive Officer at LendInvest commented:
"We are delighted to receive this funding from Chetwood to support
the scaling of our BTL and residential mortgage products. This
funding follows our recent sale of a portfolio of residential
buy-to-let mortgages to Chetwood for GBP243 million, and further
strengthens our partnership with the business.
"The commitment from Chetwood underscores the growing confidence
and trust that numerous financial partners have placed in
LendInvest. This investment will strengthen our BTL proposition and
newly launched residential mortgage product, empowering us to
provide competitive products to professional landlords and
prospective homeowners across the nation."
-- ENDS --
For further information, please contact:
Leigh Rimmer | leigh@lendinvest.com
About LendInvest
LendInvest is the UK's leading technology driven platform for
mortgages, and is listed on the London Stock Exchange (AIM:
LINV).
LendInvest offers short-term, buy-to-let and homeowner
mortgages. Its proprietary technology and user experience are
designed to make it simpler for both borrowers and investors to
access property finance.
LendInvest has lent over GBP5bn of short term, development and
buy-to-let mortgages. Its funders and investors include global
institutions such as J.P. Morgan, HSBC, Citigroup and NAB, and, in
2019, it was the first Fintech to securitise a portfolio of
buy-to-let mortgages.
The company has reported annual profitable growth since 2015 and
was named Digital Innovation Award Winner at the Sunday Times Tech
Track 100 Awards, Buy-to-Let Lender of the Year for 2020 at the
NACFB awards, and one of FT1000's Fastest Growing Companies in
Europe for 2021.
www.lendinvest.com | @lendinvest
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END
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