Today we are delighted to announce another major funding partnership to kick off the new year at LendInvest.
We have received a new £500 million investment from J.P. Morgan to finance our Buy-to-Let product, further expanding our capacity to lend in the BTL market. This funding is another example of the growing appetite from global institutions to invest in the UK Fintech sector.
Rod Lockhart, Chief Executive Officer at LendInvest, commented: “This transaction is yet another example of the growing interest from large global institutions in UK Fintech, and importantly, another milestone for LendInvest.
“Working with J.P. Morgan puts us in a stronger position than ever to serve our customers in what will come to be a hugely important year for the industry. We look forward to collaborating with the team there as we continue to tailor our unique offering for landlords in an ever-changing environment.”
J.P. Morgan joins a growing roster of global financial institutions and institutional investors working with LendInvest, including HSBC, Citigroup and the National Australia Bank.
Eric Wragge, Managing Director in Securitised Products at J.P. Morgan, added: “There’s a huge amount of innovation going on in the UK Fintech space, which is taking place both in spite of, and in response to, the broader context of the COVID-19 pandemic. LendInvest is an exciting business with ambitious plans for the future, and our Securitised Products team has been pleased to work with them to provide capacity for over half a billion pounds of new mortgage lending.”