LendInvest completes £500m funding for BTL and resi lending  

By: ameer@trustedteam.com

LendInvest has announced a £500m investment to help fund its mortgage originations from digital bank Chetwood Financial.  

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The Aim-listed platform says the cash will fund the growth of its professional landlord business and its recently launched residential range.  

The firm’s owner-occupier loans focus on customers who are underserved by high street providers and began trading to the whole of the market in March.   

The investment from the app-only bank, founded in 2016, follows other funding from institutions such as Barclays, BNP Paribas, Citi and HSBC.  

LendInvest chief executive Rod Lockhart says: “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 BTL mortgages to Chetwood for £243m [in May], 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.”  

LendInvest was founded in 2008 and has lent more than £3bn in home loans since then.  

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