LendInvest secures up to £200m from HSBC UK to launch home loan products
HSBC UK has provided up to £200m in institutional debt to support the company entry into the residential mortgage market.
LendInvest operates a mortgage marketplace platform supported by proprietary technology. The company provides property finance solutions ranging from short term bridging loans to buy to let mortgages.
LendInvest has secured up to £200m in funding from HSBC UK to support its expansion into the regulated home loan market. The capital facility brings additional institutional backing to the company platform as it prepares to launch short term bridging products for homeowners.
The firm has previously lent over £2bn across specialist sectors including short term finance and buy to let. The new line adds to existing partnerships with global financial institutions and retail investors.
The backing from HSBC UK marks another phase in the platform development of the business. LendInvest aims to scale its technology model into the wider residential property sector following this latest debt arrangement.
From the founder
"LendInvest continues to attract investment onto our platform from some of the world's largest and most sophisticated investors. This new funding from HSBC is a further important step forward in the evolution of our business. We have shown to great effect how our technology-driven approach to lending can succeed in the specialist loans market. Our sights are now firmly set on continuing to build out our platform and on ultimately disrupting the £200 billion mainstream UK mortgage market."
Christian Faes
Co Founder and CEO at LendInvest
Investor perspective
"We are delighted to partner with LendInvest and the platform's experienced team on this funding. The deal demonstrates our commitment to providing access to funding in an evolving UK residential property market in order to help support housing supply. We look forward to the launch of this exciting mortgage product and seeing how it will benefit new and existing LendInvest customers."
David Langford
Relationship Director, HSBC UK
Use of funds
- 01Fund the next phase of growth
Investors
Categories
About the company
LendInvest
LendInvest operates a technology driven marketplace for property mortgages.