Specialist lender LendInvest has agreed a £500m financial partnership with Chetwood Bank to fund part of its future mortgage originations for its buy-to-let and residential mortgage products.
The firm said that funding would help support the growth of its buy-to-let business, which is aimed at its professional landlords, and bolsters it recently-launched residential mortgage range which is aimed at those “underserved by high street mortgage providers”.
The partnership comes off the back of bringing Wells Fargo and BNP Paribas into its financing syndicate to grow its buy-to-let business and
Other financial institutions backing LendInvest’s proposition include Barclays, Citi, HSBC, JP Morgan, Lloyds Banking Group and National Australia Bank.
Rod Lockhart, chief executive officer at LendInvest, said: “We are delighted to receive this funding from Chetwood to support the scaling of our buy-to-let and residential mortgage products.
“This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243m, and further strengthens our partnership with the business.”
He added: “The commitment from Chetwood underscores the growing confidence and trust that numerous financial partners have placed in LendInvest.
“This investment will strengthen our buy-to-let proposition and newly launched residential mortgage product, empowering us to provide competitive products to professional landlords and prospective homeowners across the nation.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.