LendInvest announces £150m financial partnership with Barclays and HSBC



LendInvest, the UK’s leading asset management platform for property finance, announces a £150m partnership with Barclays and HSBC to provide finance to property entrepreneurs around the UK and help the supply of new and upgraded, energy-efficient property.

Barclays, one of the largest mortgage lenders in the UK, has partnered with LendInvest for the first time to fund speciality short-term mortgages through LendInvest’s unique technology-driven platform.

The funding will support the growth of LendInvest’s short term lending business, complimenting HSBC’s existing partnership with the platform to back the expansion of LendInvest’s short-term lending origination activity.

Through its platform, LendInvest offers attractive products and pricing to borrowers and intermediaries through a seamless and customer-centric process.

This enables borrowers to access property finance in as little as a matter of days, rather than months.

Barclays joins LendInvest’s growing roster of global financial partners and institutional investors that includes JP Morgan, Citibank, National Australia Bank and HSBC amongst others.

By allocating funds to LendInvest’s asset management platform, these institutions gain access to a highly attractive asset class. LendInvest’s Funds under Management have risen from £375 million in 2017 to c.£2.7 billion.

This announcement comes after the news of LendInvest’s successful IPO on the London Stock Exchange in July.

In the same month, the business issued its third successful securitisation of £280m of prime Buy-to-Let loans, in a deal that was oversubscribed and received the tightest pricing on a UK BTL RMBS transaction since 2007; and this month, received the highest possible rating for the business from a European Ratings agency for the seventh consecutive year.

Rod Lockhart, Chief Executive Officer of LendInvest, commented:

“It has already been a hugely exciting year for LendInvest. With a number of major milestones under our belt, this latest financial partnership only adds to the momentum the business has been gathering over the past twelve months.

As our roster of global financial institutions continues to grow, it has become clear that LendInvest has become the platform of choice for the world’s largest institutions to partner with.

There is a real recognition that the technology and platform we have built, allows institutions to access the highest quality assets in the market – while providing customers with an online and streamlined process unlike any other.”

Barclays is proud to partner with LendInvest to fund the growth of its bridging finance business,” says Sean White, Managing Director of Securitised Products Solutions.

“LendInvest is one of the leading fintech property lenders in the UK and their knowledge, expertise in the property lending market, and technology-enabled offering makes this a terrific partnership.”