London-based LendInvest secures €136M; eyes UK’s £1.2T homeowner mortgage market



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London-based property finance asset manager LendInvest  announced on Tuesday, January 17, that it has secured £120M (approximately €136M) funding from Lloyds Bank as it is pushing its entry into the UK’s £1.2T homeowner mortgage market.

Lloyds Bank has provided a credit facility worth £300M (approximately €342M) after signing a partnership for £180M in October 2022 to help the UK firm grow its buy-to-let business. 

Rod Lockhart, Chief Executive Officer at LendInvest, says, “We are delighted to receive this increase in the warehouse funding line from Lloyds, now totalling £300M as we take our first step into the homeowner mortgage market.”

LendInvest says that the deal would bolster its funds under management to over £3.6B. In addition, the company is eyeing to launch its ‘home owner mortgage’ product in 2023 after beta testing it in December 2022 with a select group of mortgage brokers.

According to LendInvest, the product is aimed at borrowers with multiple sources of income, the self-employed and small-business owners. 

“There are many people in the UK with complex income streams – from barristers to actors to NHS contract workers – who find it harder to get a mortgage because of multiple income sources or less regular pay cheques. Our offering is tailored to their needs, providing access to the finance they require to buy the home of their dreams, and without all the stress and hassle,” adds Lockhart.

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With its proprietary technology platform, the UK company intends to improve homeowners’ overall mortgage experience.

“The complexity of this part of the UK mortgage market makes it ripe for disruption by our purpose-built technology and is a natural evolution for us following our launch into buy-to-let mortgages in 2017,” he says.

LendInvest: What you need to know

Founded by Christian Faes and Ian Thomas in 2008, LendInvest is on a mission to make property finance simple. The fintech platform provides short-term, development, and buy-to-let mortgages to intermediaries, landlords, and developers.

The company has lent over £3B of short-term, development, and buy-to-let mortgages to date, and has helped to put thousands of new or improved homes into the UK housing market.

The company has reported annual profitable growth since 2015 and is backed by funders and investors, including global institutions such as HSBC, Citigroup, and NAB.


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