London-based LendInvest, the UK’s foremost platform for property finance, has today confirmed the receipt of a £500m investment.
The investment comes from Chetwood Financial Limited and is intended to finance a portion of the future mortgage originations of LendInvest’s Buy-to-Let and Residential Mortgage products.
The staggering £500m funding was secured from Chetwood Financial Limited. This investment will fuel the expansion of LendInvest’s Buy-to-Let business, aimed at professional landlords, as well as its newly unveiled Residential Mortgage range. This range has been engineered to assist customers who find high street mortgage providers to be lacking in service.
LendInvest operates on a proprietary technology platform which simplifies even the most intricate cases. By speeding up the process, this platform improves the experience for potential homeowners, property developers, and professional landlords.
The new funding will be channelled towards fostering growth in LendInvest’s Buy-to-Let business and its recently launched Residential Mortgage range. These initiatives are geared towards supporting professional landlords and customers who are underserved by mainstream mortgage providers.
Chetwood Financial Limited joins the burgeoning list of world-renowned financial establishments that support LendInvest’s mortgage products. Some of the noteworthy names on this list include Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank, and Wells Fargo.
LendInvest CEO Rod Lockhart expressed his delight over the funding from Chetwood, saying, “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 £243m, and further strengthens our partnership with the business.”
He also noted that “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.”
In previous fundraising, LendInvest had sold a portfolio of residential buy-to-let mortgages to Chetwood for £243m.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global