LendInvest announces £150m partnership with Barclays and HSBC

Asset Management platform LendInvest has secured a £150m partnership with
Barclays and HSBC to provide finance to property entrepreneurs in the UK.

The partnership will also aim to help improve the supply of new and upgraded, energy-efficient property.

Barclays is partnering with LendInvest for the first time to fund speciality short-term mortgages through LendInvest’s platform.

The funding will also 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.

LendInvest offers mortgage products and pricing to borrowers and intermediaries through a seamless process which enables borrowers to access property finance in as little as a matter of days.

Barclays joins LendInvest’s roster of global financial partners and institutional investors who have allocated funds which includes JP Morgan, Citibank, National Australia Bank and HSBC amongst others.

LendInvest’s funds under management have risen from £375 million in 2017 to c.£2.7 billion.

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

Rod Lockhart, chief executive officer of LendInvest, said: “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.

“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.”

Sean White, managing director of securitised products solutions at Barclays said:.“Barclays
is proud to partner with LendInvest to fund the growth of its bridging finance business.

“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.”

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