Complex Buy To Let
LendInvest secures £1.5bn funding agreement with JPMorgan
Mortgage platform provider and lender LendInvest has extended its existing separate account with JPMorgan, raising the total fund to £1.5bn.
This is an expansion of the £1bn originally agreed between LendInvest and JPMorgan and the fund is expected to further the lender’s business.
This agreement means LendInvest now has over £4.55bn of funds under management, to support demand for asset-backed investment opportunities in property finance.
Rod Lockhart, chief executive at LendInvest, said: “We are delighted to extend our funding partnership with JPMorgan. This milestone transaction is a major vote of confidence in LendInvest and its market-leading origination capability and technology, and it demonstrates our continued ability to scale our strategic partnerships.
“This extension will significantly strengthen our already competitive buy-to-let [BTL] proposition, ensuring we remain at the forefront of the industry through our innovative approach and exceptional customer service.”
Last week, LendInvest announced BTL product rate reductions and the launch of expat mortgages.
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The lender said interest in BTL and short-term loans was rising at its most recent results, where it posted a loss after tax of £20.1m for its 2024 financial year, down from a profit of £11.4m last year.