LendInvest lands £150m partnership with Barclays and HSBC as assets rise to £2.7bn

Fresh from its IPO last month, LendInvest has scored new partnerships with a number of large banks in recent years. It can now add Barclays to the mix.

Newly listed fintech mortgage lender LendInvest has signed a £150m partnership deal with Barclays and HSBC that will see short-term mortgages funded through its digital platform.

It is the first time Barclays, which is one of the largest mortgage lenders in the UK, has partnered with LendInvest although HSBC has an existing partnership with the property lender.

It now counts a number of financial partners and institutional investors including JP Morgan, Citibank, National Australia Bank and HSBC amongst others. 

LendInvest listed in a long awated IPO on the London Stock Exchange in July. In the same month, it issued its third successful securitisation of £280m of prime Buy-to-Let loans and its Funds under Management have risen from £375m in 2017 to c.£2.7bn.

Rod Lockhart, Chief Executive Officer of LendInvest, said:  this latest financial partnership only adds to the momentum the business has been gathering over the past twelve months. 

“Barclays is proud to partner with LendInvest to fund the growth of its bridging finance business,” says Sean White, Managing Director of Securitised Products Solutions. 

“LendInvest is one of the leading fintech property lenders in the UK and their knowledge, expertise in the property lending market, and technology-enabled offering makes this a terrific partnership.”