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UK-based LendInvest closes £500M for its online marketplace for property finance

LendInvest funding
Picture credits: Rawpixel/DepositPhotos

UK’s leading platform for mortgages, LendInvest, has announced a £500 million investment to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited. 

This new funding will further the growth of LendInvest’s Buy-to-Let business, which supports professional landlords, as well as its newly launched Residential Mortgage range, which has been developed to support customers who are underserved by high street mortgage providers.

In addition to the funding, Chetwood joins the growing roster of global financial institutions choosing to support LendInvest’s mortgage products, including Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank, and Wells Fargo.

Rod Lockhart, Chief Executive Officer at LendInvest commented: “We are delighted to receive this funding from Chetwood to support the scaling of our BTL and residential mortgage products. This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243 million and further strengthens our partnership with the business.

“The commitment from Chetwood underscores the growing confidence and trust that numerous financial partners have placed in LendInvest. This investment will strengthen our BTL proposition and newly launched residential mortgage product, empowering us to provide competitive products to  professional landlords and prospective homeowners across the nation.”

Online marketplace for property finance

LendInvest was founded by Christian Faes and Ian Thomas in 2008 in London. It operates an online marketplace for property lending and investing. Its platform lets everyday investors access various types of asset classes; and underwrites and pre-funds various investments. LendInvest also offers short-term property finance, such as bridge loans, development loans, and buy-to-let loans. 

It provides specialist finance to property investors and developers, and opportunities for individuals, corporates, and financial services institutions to invest in property-backed loans.

To date, LendInvest has funded over £1.7 billion worth of loans, helping property investors and developers to buy, build or renovate more than 3,000 homes around the UK.

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