Today, we are delighted to announce that we have secured up to £200 million in funding from HSBC, bringing further institutional capital to our platform.
HSBC join our substantial and diverse capital base, including global bank funding partners Citigroup and Nomura, European banks and a number of UK-listed challenger banks.
David Langford, Relationship Director in HSBC’s Non-Bank Financial Institutions Team in London: “We are delighted to partner with LendInvest and the platform’s experienced team on this funding. The deal demonstrates our commitment to providing access to funding in an evolving UK residential property market in order to help support housing supply. We look forward to the launch of this exciting mortgage product and seeing how it will benefit new and existing LendInvest customers.”
This funding will pave the way for the business to enter the regulated home loan market for the first time, marking our next step towards achieving its ambition of becoming a whole-of-market mortgage provider.
Christian Faes, Co-Founder, and CEO of LendInvest: “LendInvest continues to attract investment onto our platform from some of the world’s largest and most sophisticated investors. This new funding from HSBC is a further important step forward in the evolution of our business. We have shown to great effect how our technology-driven approach to lending can succeed in the specialist loans market. Our sights are now firmly set on continuing to build out our platform and on ultimately disrupting the £200 billion mainstream UK mortgage market.”
LendInvest’s first homeowner loan will be a regulated short-term product, due to launch this year. Watch this space!
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