LendInvest has announced a £500m investment with Chetwood Financial to fund part of its future mortgage originations of buy-to-let (BTL) and residential mortgage products.
The mortgage platform provider said that the funding will allow for further growth of its BTL business, which supports professional landlords. The funding will also support the growth of its new residential mortgage range, which has been developed to support customers who are
underserved by high street mortgage providers.
LendInvest’s proprietary technology platform is designed to make complex mortgage cases simpler and faster, improving the experience for prospective homeowners, property developers and professionals.
Chetwood, who is joining the partnership, joins the growing roster of global financial institutions choosing to support LendInvest’s mortgage products, which includes Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank and Wells Fargo.
LendInvest’s chief executive officer, Rod Lockhart, said: “We are delighted to receive this funding from Chetwood to support the scaling of our BTL and residential mortgage products.
This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243m, 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 BTL proposition and newly launched residential mortgage product, empowering us to provide competitive products to professional landlords and prospective homeowners across the nation.”
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories