REG - Lendinvest PLC LendInvest PLC-LINV - LendInvest Closes £310m RMBS Securitisation

LendinvestAnnouncement

28/10/2025 12:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251028:nRSb1556Fa&default-theme=true

RNS Number : 1556F  Lendinvest PLC  28 October 2025

October 28, 2025

LendInvest Completes Seventh  Securitisation With £310 Million Pool of UK
Prime Mortgages

LendInvest plc (LSE: LINV)("LendInvest" or the "Company"), the UK's leading
alternative provider of property finance and the parent company of LendInvest
BTL Limited and LendInvest Loans Limited, today announces the successful
completion of its seventh Residential Mortgage-Backed Securitisation (RMBS)
under its 'Mortimer' programme.

The £310.6 million over-subscribed and upsized transaction, "Mortimer 2025-1
Plc," comprised 92.43% UK prime Buy-to-Let (BTL) and 7.57% Owner-Occupied
mortgage loans originated by its Mortgages division.

This transaction marks LendInvest's seventh issuance under the Mortimer shelf,
having now issued every year since 2019. All 1,208 loans were performing at
the cut-off date, validating the Company's disciplined underwriting approach.

The deal was oversubscribed across all tranches, demonstrating robust investor
confidence in LendInvest-originated collateral, even in challenging market
conditions. The senior note received AAA ratings from Fitch and DBRS,
respectively, for 89.44% of the loan pool and was priced at a tight spread of
81bps over SONIA - LendInvest's second-best price for securitised RMBS assets.

Strategic Funding Diversification

This announcement comes as LendInvest concurrently launches a new 5-year
Retail-Eligible Bond, with a fixed coupon value of 8.25%, which will be listed
on the London Stock Exchange's Order Book for Retail Bonds.

This is the fifth such Bond LendInvest has launched under its third EMTN
programme, with matured bonds having been repaid successfully in full and on
time. It marks another strategic step in diversifying the Company's funding
structures, expanding its capital base, and widening investors' access to
these types of notes.

With the completion of Mortimer 2025-1 Plc, LendInvest's total Funds under
Management (FuM) now exceeds £5.3 billion with Assets under Management (AuM)
standing at £3.45 billion.

To date, LendInvest has lent over £8 billion in property finance, supporting
property investors and homeowners across the UK in securing competitive
finance solutions and realising their ambitions. The business's current
origination run-rate is now operating at a level that is approximately 20-25%
higher than the run-rate achieved in the corresponding period last year,
demonstrating momentum as it enters H2 2026.

Rod Lockhart, Chief Executive Officer of LendInvest, commented:

"I am delighted to announce the completion of our seventh successful
securitisation. Achieving a highly competitive spread of 81bps over SONIA for
an upsized deal in the current market is a powerful testament to investors'
deep trust in the quality of the assets we originate and our robust,
tech-enabled platform.

"This transaction is particularly notable as it was our first trade with a
pre-fund structure, accelerating our growth strategy into the coming year and
further unlocking capacity to write new business across our BTL and
Owner-Occupied divisions. Together with our continued success in diversifying
funding sources, such as our 8.25% Bond, this is a clear sign that LendInvest
is positioned strongly for future growth."

Market Confidence

LendInvest's RMBS programme provides institutional investors with secured
exposure to UK property assets, generating steady monthly income from a
diverse pool of high-quality mortgage loans.

Each RMBS adheres to strict regulatory standards, including risk retention and
detailed loan disclosure, ensuring a clear alignment of interests between
LendInvest and its investors. By vertically retaining 5% of each transaction,
LendInvest reinforces its commitment to loan quality and to delivering
dependable, income-generating investments.

Critically, the transaction generated proceeds of approximately £310 million,
of which £270 million will be used to pay down existing borrowings,
immediately generates liquidity and headroom for future growth, in addition to
approximately £5.5 million of unrestricted cash (from a combination of excess
spread and reserve releases) which can be reinvested in the broader group,
used to pay down debt, or support cash buffers in keeping with the group's
continued fortification of its balance sheet.

Lloyds acted as Sole Arranger with Société Générale, BNP Paribas and HSBC
as Joint Lead Managers on Mortimer 2025-1 Plc.

 

Hugo Davies, LendInvest Chief Capital Officer & MD, Mortgages Division,
said:

 

"Successfully launching both our seventh securitisation and a new Retail Bond
in short order demonstrates the strength of our funding engine and the trust
institutional investors place in our platform.

 

"Following these successful funding initiatives, the Mortgages Division is
positioned to deliver origination volumes that are anticipated to be
significantly ahead of the previous year."

About LendInvest

LendInvest (AIM: LINV) is a UK-based alternative property-finance platform
providing short-term, development and buy-to-let mortgages to professional
property investors and developers. Its technology-enabled platform supports
origination, credit assessment and ongoing asset management.

As at 31 March 2025, the Group reported Funds Under Management of £5.13
billion and Platform Assets Under Management of £3.23 billion. The statutory
loss before tax narrowed to £1.2 million for FY25, with a return to
profitability in the second half of the year.

Enquiries:

 

Rod Lockhart, Chief Executive Officer

 

Hugo Davies, Chief Capital Officer and MD, Mortgages Division

 

Chris Semple, Head of Corporate Communications and Investor
Relations

 

Press@lendinvest.com

 

investorrelations@lendinvest.com

 

+44 (0)7575 582855

 

Panmure Liberum (NOMAD and Broker)

 

Atholl Tweedie / David Watkins

 

+44 (0)20 7886 2500

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCZZMZGZRMGKZM



            Copyright 2019 Regulatory News Service, all rights reserved