LendInvest has just scored a major victory by securing a substantial £300 million financing deal with some of the world’s banking titans. This isn’t merely a routine funding round; it’s a clear testament to the trust and confidence that BNP Paribas, Barclays, and HSBC have in LendInvest’s innovative strategy and technology. As a leading UK property finance platform, LendInvest has successfully renewed its revolving warehouse financing agreement, extending it for three more years with improved terms. This significant endorsement from these financial giants highlights their faith in LendInvest’s forward-thinking approach to property finance.
The £300 million facility, split equally among BNP Paribas, Barclays, and HSBC, is set to bolster LendInvest’s Mortgages division, with a particular focus on shorter-term bridge financing solutions. These include products like Bridge-to-Let and Refurbishment and Retrofit, which are essential for property investors and developers. Such offerings enable them to acquire and enhance properties, for instance, upgrading them to meet the Minimum Energy Efficiency Standards (MEES). This regulatory requirement aims to improve the energy performance of homes across the UK.
Rod Lockhart, CEO of LendInvest, expressed his excitement about the renewal of their funding agreement, emphasizing that this three-year extension underscores the confidence investors have in their business strategy. It also highlights the potential of their mortgages division to drive ongoing growth. This renewed facility reinforces their commitment to supporting the UK housing market by offering solutions that facilitate stock upgrades through retrofit financing while expanding access to flexible mortgage products like the Bridge-to-Let range.
This agreement builds on LendInvest’s recent momentum in capital markets, following a £500 million funding deal with JP Morgan announced just last month. David Langford, Relationship Director at HSBC, shared his delight in supporting LendInvest’s expansion of funding capabilities. He noted that this financing strengthens their commitment to bringing innovative solutions to the UK property market, enabling more investors and developers to access crucial resources in a time when agility and growth are paramount.
Kevin Vanistendael, Director of Securitised Product Solutions at Barclays, echoed these sentiments, stating that Barclays is committed to providing strategic financing solutions that empower businesses to succeed. Their involvement in this extension underscores their continued support for innovative mortgage providers like LendInvest, as they introduce new products to the UK mortgage market that benefit both investors and borrowers.
LendInvest has carved out a significant niche in the UK property finance sector, offering short-term, development, bridging, and buy-to-let mortgages to intermediaries, landlords, and developers. Their technology and user experience streamline access to property finance for both borrowers and investors. Having lent over £3 billion in short-term, development, and buy-to-let mortgages, LendInvest’s funders and investors include major institutions such as HSBC, Citigroup, and NAB. Notably, in 2019, they became the first fintech to securitize a portfolio of buy-to-let mortgages, and the company has consistently reported annual profitable growth since 2015.
This funding boost from BNP Paribas, Barclays, and HSBC is more than just a financial transaction. It’s a powerful endorsement of LendInvest’s innovative approach and its potential to reshape the UK property finance landscape. With this new capital, LendInvest is well-positioned to continue its growth trajectory and bring even more innovative solutions to the market.
