Business
LendInvest signs £1.5bn funding deal with JPMorgan
LendInvest signs £1.5bn funding deal with JPMorgan.
About this update from Lendinvest Plc
[{"type":"text","content":"\n\nLEI: 213800NWMK3O4UWP9N91 \n10 September 2024\n \nLendInvest plc\nLendInvest signs £1.5 billion funding agreement with JP Morgan\n \nLendInvest 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.\n \nThis funding will be used to support the growth of LendInvest's Mortgages proposition.\n \nAs 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.\n \nRod 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.\n \n\"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.\"\n \nEnquiries:\nLendInvest via Teneo +44 (0)20 7353 4200\nRod Lockhart, Chief Executive Officer \nHugo Davies, Chief Capital Officer & MD of LendInvest Mortgages\nChris Semple, Director of Communications &nbs...