LendInvest plc has announced a substantial investment of £500m from Chetwood Financial Limited to fund part of its future mortgage originations for its buy-to-let (BTL) and residential mortgage products.
This new influx of capital will accelerate the growth of LendInvest’s BTL business, which serves professional landlords, along with its newly launched residential mortgage range developed to assist customers who are underserved by high street mortgage providers.
LendInvest’s proprietary technology platform simplifies complex cases, streamlining the experience for prospective homeowners, property developers, and professional landlords.
Chetwood now joins an expanding group of global financial institutions that support LendInvest’s mortgage products, a roster that includes Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank, and Wells Fargo.
Rod Lockhart (pictured), chief executive officer at LendInvest, said: “This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243m, and further strengthens our partnership with the business.”
Lockhart added: “The commitment from Chetwood underscores the growing confidence and trust that numerous financial partners have placed in LendInvest. This investment will bolster our BTL proposition and newly launched residential mortgage product, empowering us to offer competitive products to professional landlords and prospective homeowners across the nation.”
