LendInvest secures £200m funding

Aug 14, 2019 · https://www.uktech.news/featured/lendinvest-secures-200m-funding-20190812

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UK marketplace for property finance LendInvest has received £200 million investment from the National Australia Bank (NAB), one of Australia’s largest banks.

The new funding expands LendInvest’s capacity to lend in the UK Buy-to-Let market. LendInvest has already lent more than £370 million in Buy-to-Let loans and is taking market share in the bank dominated market. In June this year, it also become the UK’s first fintech business to securitise its own portfolio of assets worth £259 million.

The business has now raised over £1.8 billion of debt and equity from investors, making it one of the largest non-bank mortgage lenders in the country.

LendInvest launched its first Buy-to-Let mortgage product in late 2017 after agreeing a substantial funding line with Citigroup. It was the first fintech to provide an entirely online experience for Buy-to-Let customers. Its end-to-end, paperless, online platform has alleviated the pain points in the mortgage process for brokers and borrowers, providing instant decisions, a superior experience and fast turnaround times from application to completion.

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