LendInvest sets sights on mortgage market

LendInvest sets sights on mortgage market




LendInvest is eyeing up the mainstream mortgage market after agreeing a £40m financing facility with financial services provider Macquarie.

<
p>The facility will be able to increase over time and brings LendInvest’s total investment by UK and international institution to over £230m. 

Christian Faes, Co-Founder and CEO of LendInvest said it was creating the most diverse capital base of any mortgage lender in the market. 

“By welcoming another significant institution and funding line to our business, we are putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market.”

Christian added that Macquarie was a leading financial institution with a proven deep knowledge of the UK mortgage market.

“We look forward to working with the Macquarie team as we expand our product range with longer term loans that are attractive to them and other capital markets investors. 

“This warehousing line will assist us as we move towards being able to securitise our assets for institutional investors.”

LendInvest recently secured £17m of funding from the founder of Skype and £22m from Chinese technology firm Beijing Kunlun Tech Co.

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