LendInvest secures £500m investment from J.P. Morgan

Jessica Nangle

January 28, 2021

LendInvest has secured a new £500m investment from J.P. Morgan in future mortgage originations.

This investment follows the sale of a £125m mortgage portfolio to J.P. Morgan in September 2020.

This transaction further expands LendInvest’s capacity to lend in the UK buy-to-let market according to the lender.

LendInvest was the first lender to provide an entirely online buy-to-let mortgage product for portfolio landlords in the UK, and has remained open for business throughout all three national lockdowns.

In December, LendInvest published its interim financial results covering the period from April to September 2020 which showed its loan book had grown 27% to £1,386m and EBITDA had climbed to £6.2m for the half year.

Rod Lockhart, chief executive officer at LendInvest, said: “This transaction is yet another example of the growing interest from large global institutions in UK fintech, and importantly, another milestone for LendInvest.

“Working with J.P. Morgan puts us in a stronger position than ever to serve our customers in what will come to be a hugely important year for the industry.

“We look forward to collaborating with the team there as we continue to tailor our unique offering for landlords in an ever-changing environment.”

Eric Wragge, managing director in securitised products at J.P. Morgan, added: “There’s a huge amount of innovation going on in the UK fintech space, which is taking place both in spite of, and in response to, the broader context of the COVID-19 pandemic.

“LendInvest is an exciting business with ambitious plans for the future, and our securitised products team has been pleased to work with them to provide capacity for over half a billion pounds of new mortgage lending.”

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