LendInvest signs £1.5 billion funding agreement with JP Morgan
LendInvest plc (AIM: LINV) (“LendInvest” or the “Company”), the UK’s leading platform for mortgages, announces that it has extended its existing Separate Account with JP Morgan by an additional £500 million to £1.5 billion.
This funding will be used to support the growth of LendInvest’s Mortgages proposition.
As a result, LendInvest now has more than £4.55 billion of Funds under Management, as investors seek secured, asset-backed investment opportunities in property finance, offering strong relative value in the current macroeconomic environment.
Rod Lockhart, Chief Executive Officer at LendInvest said: “We are delighted to extend our funding partnership with J.P. Morgan. 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 proposition, ensuring we remain at the forefront of the industry through our innovative approach and exceptional customer service.”
Enquiries:
LendInvest via Teneo
Rod Lockhart, Chief Executive Officer
Hugo Davies, Chief Capital Officer & MD of LendInvest Mortgages
Chris Semple, Director of Corporate Communications
+44 (0)20 7353 4200
Panmure Liberum (NOMAD and Broker)
Atholl Tweedie
David Watkins
+44 (0)20 7886 2500
Teneo (Financial PR)
Ed Cropley
Olivia Lucas
Oscar Burnett
+44 (0)20 7353 4200
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.