LendInvest plc has announced a £500 million investment to fund part of its future mortgage originations for its buy-to-let and residential mortgage products from Chetwood Financial.
This new funding will further the growth of LendInvest’s buy-to-let business, which supports professional landlords, as well as its newly launched residential mortgage range, which has been developed to support customers who are underserved by high street mortgage providers.
Chetwood is the latest global financial institutions to support LendInvest’s mortgage products, following Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank and Wells Fargo.
Rod Lockhart, CEO at LendInvest, said: “We are delighted to receive this funding from Chetwood to support the scaling of our buy-to-let and residential mortgage products. This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243 million, and further strengthens our partnership with the business.
“The commitment from Chetwood underscores the growing confidence and trust that numerous financial partners have placed in LendInvest. This investment will strengthen our buy-to-let proposition and newly launched residential mortgage product, empowering us to provide competitive products to professional landlords and prospective homeowners across the nation.”
