LendInvest welcomes BNP Paribas to syndicate

Lendinvest PLC

11 May 2023

 

LendInvest welcomes BNP Paribas to £300 million financing syndicate with HSBC and Barclays Bank PLC

●    The syndicate will fund LendInvest's short-term mortgages

●    The total commitment from all parties will be £300 million, with £100 million in new Funds under Management

London, 11 May 2023 - LendInvest, the UK's leading platform for mortgages, announces BNP Paribas joins its £300 million financing syndicate with HSBC and Barclays Bank PLC to support the continued growth of its short-term mortgages.

BNP Paribas joins a growing roster of global financial institutions choosing to support LendInvest's mortgage products, including banks such as Lloyds, JP Morgan, HSBC, Barclays Bank PLC, Wells Fargo, Citi and NAB.

The £300 million in funding will support LendInvest's short-term mortgages, including financing the refurbishment and upcycle of old housing stock back into circulation across the UK.

This partnership increases LendInvest's Funds under Management to £3.7 billion, as the business continues to present itself as the platform of choice for global financial institutions seeking to gain access to the UK mortgage market.

The announcement follows recent news that in April, Wells Fargo joined LendInvest as its latest funding partner for its Buy-to-Let business.

Rod Lockhart, Chief Executive Officer of LendInvest, commented: "We are thrilled to welcome BNP Paribas to our growing roster of global financial partners and institutional investors, not only demonstrating their trust in our capabilities and the continued momentum in our business, but significantly supporting our short-term mortgage proposition.

"Housing supply is a fundamental issue in the UK at the moment and our short-term mortgages play a key role in addressing this by helping developers refurbish and upgrade old housing stock."

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Media Contacts:

Leigh Rimmer, [e-mail] | 020 3846 6817

About LendInvest

LendInvest is a leading platform for mortgages in the United Kingdom. Since inception we have developed proprietary technology and digital solutions that have allowed us to capture market share from incumbents and attract significant third-party capital.

We use our technology to disrupt the £1.7 trillion* property finance market which is dominated by manual paper processes and poor customer experience. Our platform, unencumbered by legacy systems, offers attractive products and pricing to borrowers and intermediaries through a seamless and customer-focused process. In addition, it also provides us with a highly scalable origination platform for future growth.

Experts in Real Estate investment, we have designed a variety of solutions and products for our investors. These range from funds and separate accounts to financial partnerships and RMBS. These products are tailored to address their specific risk return and investment criteria. Through the platform, investors from around the world gain exposure to attractive UK property finance assets without requiring them to establish direct lending operations or borrower services.

Our innovative business model is underpinned by our proprietary end-to-end technology infrastructure, which facilitates operating leverage and delivers better pricing for our customers. This drives efficiency and underpins our business' roadmap for growth.

*Source, FCA -The outstanding value of all residential mortgage loans was £1.7 trillion at the end of Q4 2022.

www.lendinvest.com |  @lendinvest

 

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