London-based LendInvest, the leading online marketplace for property finance, has announced a significant milestone. The company has successfully secured £500 million in Post-IPO debt financing from Chetwood Financial. This substantial investment will serve as additional working capital, propelling LendInvest's growth to new heights.
While LendInvest has been catering to professional landlords with its buy-to-let offering, the company is now tapping into a growing trend. It has launched a specialized residential mortgage service to support customers who have been overlooked by traditional high-street mortgage providers.
Rod Lockhart, Chief Executive of LendInvest, expressed his enthusiasm about the funding and the strengthened partnership with Chetwood Financial. He highlighted the recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243 million, which further solidifies the collaboration between the two companies.
Chetwood Financial joins an esteemed list of financial institutions, including HSBC, JP Morgan, Lloyds, and National Australia Bank, that have established partnerships with LendInvest. The company's impressive track record and support from notable backers like Atomico and GP Bullhound underscore its position as a key player in the property finance market.
With this significant investment, LendInvest is poised to accelerate its growth trajectory, bringing innovative solutions to the property finance landscape and empowering more customers to achieve their homeownership and investment goals.