RCS - Lendinvest PLC - LendInvest welcomes BNP Paribas to syndicate

LendinvestAnnouncement

11/05/2023 08:15

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RNS Number : 0217Z  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
(https://urldefense.com/v3/__https:/www.lendinvest.com/__;!!M-LnPY9tIpC8UAAcOw!Drjl3H71Z-WJje13xQvcade8X_cKSVnpwetdjxCWWVSJv7wQ1ztZo7ksNAlkcAgceTfwqqM4lBov$)
, 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."

 

--Ends--

 

Media Contacts:

 

Leigh Rimmer, leigh@lendinvest.com (mailto:leigh@lendinvest.com) | 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 (http://www.lendinvest.com) |  @lendinvest
(https://twitter.com/lendinvest)

 

 

 

 

 

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