LendInvest enters £150m partnership with Barclays and HSBC
LendInvest has entered into a £150m partnership with Barclays and HSBC, to provide finance to property entrepreneurs around the UK.
This aims to help boost the supply of new and upgraded, energy-efficient property.
Barclays has partnered with LendInvest for the first time to fund speciality short-term mortgages through LendInvest’s technology-driven platform.
The funding will support the growth of LendInvest’s short-term lending business, utilising HSBC’s existing partnership with the platform to back the expansion of its lending origination activity.
Rod Lockhart, chief executive of LendInvest, said: “It has already been a hugely exciting year for LendInvest.
“With a number of major milestones under our belt, this latest financial partnership only adds to the momentum the business has been gathering over the past 12 months.
“As our roster of global financial institutions continues to grow, it has become clear that LendInvest has become the platform of choice for the world’s largest institutions to partner with.
“There is a real recognition that the technology and platform we have built, allows institutions to access the highest quality assets in the market – while providing customers with an online and streamlined process unlike any other.”