Property finance platform to support UK entrepreneurs through £150m banking partnership
Asset management platform LendInvest has announced a multi-million pound partnership with a pair of the UK’s largest banks to support property entrepreneurs.
The firm has partnered with Barclays and HSBC in a £150m initiative to provide finance to property entrepreneurs across the UK as well as support the supply of energy-efficient property.
Barclays has partnered with LendInvest for the first time to fund speciality short-term mortgages through LendInvest’s technology-driven platform.
The funding will support the growth of LendInvest’s short term lending business, complimenting HSBC’s existing partnership with the platform to back the expansion of LendInvest’s short-term lending origination activity.
Rod Lockhart, chief executive officer of LendInvest, commented: “It has already been a hugely exciting year for LendInvest. With a number of major milestones under our belt, this latest financial partnership only adds to the momentum the business has been gathering over the past twelve months.
“As our roster of global financial institutions continues to grow, it has become clear that LendInvest has become the platform of choice for the world’s largest institutions to partner with.
“There is a real recognition that the technology and platform we have built, allows institutions to access the highest quality assets in the market - while providing customers with an online and streamlined process unlike any other.”
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