LendInvest secures £200 million investment to expand reach in Buy-to-Let market

By Bridging Loan Directory 12th August 2019

LendInvest, the UK’s leading marketplace for property finance, has received £200 million investment from the National Australia Bank (NAB), one of Australia’s largest banks.

LendInvest has now raised over £1.8 billion of debt and equity from investors, making LendInvest one of the largest non-bank mortgage lenders in the country.

This new funding expands LendInvest’s capacity to lend in the UK Buy-to-Let market. LendInvest launched its first Buy-to-Let mortgage product in late 2017 after agreeing a substantial funding line with Citigroup. LendInvest has already lent more than £370 million in Buy-to-Let loans and is taking market share in the bank dominated market. In June this year, LendInvest also become the UK’s first Fintech business to securitise its own portfolio of assets worth £259 million, which received a AAA rating from Moody’s and Fitch.

LendInvest was the first Fintech business to provide an entirely online experience for Buy-to-Let customers. Its end-to-end, paperless, online platform has alleviated the pain points in the mortgage process for brokers and borrowers, providing instant decisions, a superior experience and fast turnaround times from application to completion.

NAB joins a growing roster of global financial institutions choosing to invest in LendInvest’s secured property loans, including banks such as HSBC, Citigroup and Nomura.

Christian Faes, pictured, Co-Founder & CEO of LendInvest, commented:

“We’ve now raised almost £2 billion in debt and equity for LendInvest, and in many respects we’re just getting started. We have dominated in the short term mortgage market for years, and we’re now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.“Securing an additional £200 million of funding for our business from NAB is a great example of how the world’s leading financial institutions are partnering with the world’s leading Fintech businesses – and we’re proud to be announcing this partnership today between NAB and LendInvest.”

James Versmissen, Associate Director at National Australian Bank, added:

“NAB is delighted to work together with LendInvest and play a role in achieving its growth plans. This new warehouse facility underlines NAB’s commitment and capability to support lenders that shape the mortgage market of tomorrow.”

Chris Philp, PPS to the Chancellor of the Exchequer, said:

“This very substantial investment from NAB into LendInvest loans is an important example of how global institutions are motivated to back not only the UK’s thriving Fintech sector, but throw their weight behind the country’s property sector in a long-term and meaningful way. It’s encouraging to see LendInvest push even further in buy-to-let, taking their technology into markets where financial innovation is yet to make its mark.”

This news comes after LendInvest announced a separate £200 million funding line with HSBC UK earlier this year, to enter the regulated homeowner loan market for the first time