The facility, shared equally between the three funders will support Lendinvest’s mortgage division, with a focus on its bridging financing, such as its bridge to let and refurbishment and retrofit products.

The facility has been extended for a further three years.

This new round of funding follows a £500m agreement with JP Morgan last month, taking the lender’s funding with the bank to £1.5bn.

Commenting on this latest agreement, Rod Lockhart, CEO at LendInvest, commented: "We are pleased to announce the renewal of our funding agreement with BNP Paribas, Barclays, and HSBC.

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"This three-year extension highlights the confidence that investors have in LendInvest's business strategy and the capability of our mortgages division to drive sustained growth."

"This renewed facility reinforces our commitment to supporting the UK housing market by offering propositions that enable stock upgrades through retrofit financing, while also expanding access to flexible mortgage products like our BTL range.

David Langford, relationship director at HSBC, said: "HSBC is delighted to support LendInvest in expanding its funding capabilities.

“This financing strengthens our commitment to helping bring innovative solutions to the UK property market, enabling more investors and developers to access crucial resources at a time when agility and growth are key."