LEI:
213800NWMK3O4UWP9N91
10
September 2024
LendInvest plc
LendInvest signs £1.5 billion funding agreement with JP
Morgan
LendInvest plc (AIM: LINV)
("LendInvest" or the "Company"), the UK's leading platform for
mortgages, announces that it has extended its existing Separate
Account with JP Morgan by an additional £500 million to £1.5
billion.
This funding will be used to support
the growth of LendInvest's Mortgages proposition.
As a result, LendInvest now has more
than £4.55 billion of Funds under Management, as investors seek
secured, asset-backed investment opportunities in property finance,
offering strong relative value in the current macroeconomic
environment.
Rod
Lockhart, Chief Executive Officer at LendInvest said:
"We are delighted
to extend our funding partnership with J.P. Morgan. This milestone
transaction is a major vote of confidence in LendInvest and its
market-leading origination capability and technology, and it
demonstrates our continued ability to scale our strategic
partnerships.
"This extension will significantly strengthen our already
competitive buy-to-let proposition, ensuring we remain at the
forefront of the industry through our innovative approach and
exceptional customer service."
Enquiries:
LendInvest via
Teneo
+44 (0)20 7353 4200
Rod Lockhart, Chief Executive
Officer
Hugo Davies, Chief Capital Officer
& MD of LendInvest Mortgages
Chris Semple, Director of
Communications
investorrelations@lendinvest.com
Panmure Liberum (NOMAD and
Broker)
+44 (0)20 7886 2500
Atholl Tweedie
David Watkins
Teneo (Financial
PR)
+44 (0)20 7353 4200
Ed Cropley
Olivia Lucas
Oscar Burnett
About
LendInvest
LendInvest is the UK's leading
platform for mortgages, and is listed on the London Stock Exchange
(AIM: LINV).
LendInvest offers short-term,
buy-to-let and homeowner mortgages. Its proprietary technology and
user experience are designed to make it simpler for both borrowers
and investors to access property finance. LendInvest has lent £7bn
of short term, development, buy-to-let and homeowner mortgages. Its
funders and investors include global institutions such as J.P.
Morgan, HSBC, Citigroup and NAB, and, in 2019, it was the first
Fintech to securitise a portfolio of buy-to-let
mortgages.
The company was named Digital
Innovation Award Winner at the Sunday Times Tech Track 100 Awards,
Buy-to-Let Lender of the Year for 2020 at the NACFB awards, and one
of FT1000's Fastest Growing Companies in Europe for
2021.
