LendInvest announces £150m partnership with Barclays and HSBC

LendInvest has announced a £150m financial partnership with Barclays and HSBC to provide funding to UK property entrepreneurs and help the supply of new and upgraded energy-efficient property.

The funding will support the growth of the lender’s short-term lending business, complementing HSBC’s existing partnership with the platform which launched in 2019.

This is the first time Barclays has teamed up with LendInvest, joining its growing roster of global financial partners and institutional investors which includes JP Morgan, Citibank, National Australia Bank and others.

The company’s funds under management have risen from £375m in 2017 to approximately £2.7bn.

The news follows LendInvest’s successful IPO on the London Stock Exchange in July. 

In the same month, the business issued its third securitisation of £285m of prime BTL loans, in a deal that was oversubscribed.

Rod Lockhart, CEO at LendInvest (pictured above), said: “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 12 months.

“There is a real recognition that the technology and platform we have built allows institutions to access [high quality] assets in the market, while providing customers with an online and streamlined process unlike any other.”

Sean White, managing director of securitised products solutions at Barclays, added: “Barclays is proud to partner with LendInvest to fund the growth of its bridging finance business.

“LendInvest is one of the leading fintech property lenders in the UK and its knowledge, expertise in the property lending market, and technology enabled offering makes this a terrific partnership."

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