You are here: Home - News -

LendInvest secures £200m investment to expand BTL market reach

by:
  • 12/08/2019
  • 0
LendInvest secures £200m investment to expand BTL market reach
LendInvest, a specialist property lender, has received £200m investment from National Australia Bank (NAB), one of Australia’s largest banks, in a deal supported by HM Treasury.

 

Since its launch, LendInvest has raised over £1.8bn of debt and equity from investors, making it one of the larger non-bank mortgage lenders in the country.

This new funding will expand the company’s capacity to lend in the UK buy-to-let market. LendInvest launched its first buy-to-let mortgage product in late 2017 after agreeing a funding line with Citigroup. It has already lent more than £370m in buy-to-let loans and in June this year, became the UK’s first fintech business to securitise its own portfolio of assets worth £259m.

NAB joins a growing roster of global financial institutions choosing to invest in LendInvest’s secured property loans, including banks such as HSBC, Citigroup and Nomura.

Christian Faes, co-founder and CEO of LendInvest, said: “We’ve now raised over £1.8bn in debt and equity for LendInvest, and in many respects we’re just getting started. We have dominated in the short-term mortgage market for years, and we’re now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.”

James Versmissen, associate director at National Australian Bank, added: “NAB is delighted to work together with LendInvest and play a role in achieving its growth plans.”

This news comes after LendInvest announced a separate £200m funding line with HSBC UK earlier this year, to enter the regulated homeowner loan market for the first time.

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Rob McCoy, TMA Mortgage Club
TMA Club adds Harpenden BS to its lender panel

TMA Club has added Harpenden Building Society’s mortgages for people with a range of employment or income circumstances to its...

Close