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.