Silicon Canals
No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content
No Result
View All Result
Silicon Canals
No Result
View All Result

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

Editorial team by Editorial team
January 20, 2023
in (Crowd)funding, Contech & Proptech, FinTech, News, Startups
LendInvest

Image credits: LendInvest

12
SHARES
LinkedInTwitterWhatsAppFacebook

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. 

- Partner content -
How to improve your open source security?
How to improve your open source security?
Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less
Read more

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.

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.

 - Partner content -
Personio
Half your staff are planning to quit soon!
Here’s how you can make them stay. Check it out!Show More
Here’s how you can make them stay. Check it out! Show Less
Read more
Tags: featuredFinTechfundingnewsproptechstartups
Share1Tweet3SendShare5

Featured | Tech Events

Current Month

february

09feb13:0014:00Key Employee Visa Programme for Dutch StartupsAre you a Dutch startup that is interested in attracting international talent or relocating your team to the Netherlands?

Silicon Canals | Jobs


Free HR whitepaper | by Personio

Want to know how HRs across Europe are rethinking retention and performance management post pandemic? Get this FREE whitepaper by PERSONIO now!

Partner content | Work with us

Putting the Capital in HCM: A look at how HR is defining strategic business decisions in a digital-first world

From retail to hospitality: how Omniboost evolved its product to solve a major data challenge with tech

How SurePay invented IBAN-Name Check to make payments easier, personal and secure

Breaking news from Amsterdam | Partner

Innovation Fund Noord-Holland launches new €10M fund to back innovative companies in the province

After recently getting backed by Kleiner Perkins, Amsterdam’s Vylo launches new app to “reshape news”

Amsterdam’s app-only supermarket Crisp acquires local mealbox supplier De Krat

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • Ukraine
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
    • COVID-19
  • Exclusive content
    • Amsterdam
    • Rise by Techleap.nl
    • Fintech Files by AWS
    • Free Personio whitepaper
    • Guest Contributions
    • Newsletter
    • Partner content
  • Global Jobs
  • Tech Events
  • Partner with us
  • Contact
    • Contact us
    • About us
    • Team
    • Contribute your content

Silicon Canals © 2014-2023 | Website: Bright Idiots

Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
Stay updated with the Silicon Canals daily and weekly newsletters.
We promise we won't spam you. You can choose to unsubscribe anytime.
X
X