LendInvest has secured £500 million of funding to spend on buy-to-let and residential property lending.
This new funding comes from Chetwood Financial Limited, which joins Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank and Wells Fargo in supporting LendInvest’s mortgage products.
The lender is known for its professional landlord products, while it latterly launched into the residential space for credit impaired customers.
Rod Lockhart, chief executive Officer at LendInvest commented: “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 £243 million, and further strengthens our partnership with the business.
“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.”
