"This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243 million, and further strengthens our partnership with the business"
According to LendInvest, the new funding will expand the growth of its Buy-to-Let business as well as its newly launched Residential Mortgage range, which has been developed to support customers who are underserved by high-street mortgage providers.
Chetwood joins the growing roster of global financial institutions choosing to support LendInvest’s mortgage products, including Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank and Wells Fargo.
Rod Lockhart, Chief Executive Officer at LendInvest commented: “We are delighted to receive this funding from Chetwood to support the scaling of our BTL and residential mortgage products. This funding follows our recent sale of a portfolio of residential buy-to-let mortgages to Chetwood for £243m and further strengthens our partnership with the business.
“The commitment from Chetwood underscores the growing confidence and trust that numerous financial partners have placed in LendInvest. This investment will strengthen our BTL proposition and newly launched residential mortgage product, empowering us to provide competitive products to professional landlords and prospective homeowners across the nation.”
