Investment Boost for LendInvest
Property lender LendInvest has received a £500m investment from Chetwood Financial Limited to fund its future lending activities. The London-listed fintech company will use the investment to support its buy-to-let and residential mortgage products. LendInvest’s buy-to-let business focuses on professional landlords, while its newly launched residential mortgage range targets customers who are underserved by traditional high-street mortgage providers.
Expansion of Financial Partnerships
Chetwood Financial Limited, a digital bank and existing partner of LendInvest, joins major financial institutions such as Barclays, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank, and Wells Fargo in supporting LendInvest’s mortgage offerings. This investment from Chetwood is a testament to the confidence and trust placed in LendInvest by its financial partners, according to Rod Lockhart, CEO of LendInvest.
Growth Amidst Market Challenges
Despite challenges in the property market, including rising interest rates and market uncertainties caused by the government’s mini-budget in September 2022, LendInvest’s assets under management reached £2.58bn at the end of March, representing a year-on-year increase of 20.5%. The company’s strong performance is expected to be reflected in its upcoming full-year results, set to be announced in mid-July. LendInvest’s CEO, Rod Lockhart, expressed the significance of this investment, highlighting its positive impact on the company’s buy-to-let proposition and the recently launched residential mortgage product, enabling LendInvest to offer competitive products to professional landlords and prospective homeowners nationwide.
