"Our sights are now firmly set on continuing to build out our platform and on ultimately disrupting the £200 billion mainstream UK mortgage market."
Launching later this year, LendInvest’s first home loan product will be available to homeowners that require short-term bridging finance for terms up to 12 months.
LendInvest launched its first buy-to-let range in 2017 and has lent over £2 billion to borrowers to date.
Christian Faes, co-founder and CEO of LendInvest, commented: “LendInvest continues to attract investment onto our platform from some of the world’s largest and most sophisticated investors. This new funding from HSBC is a further important step forward in the evolution of our business. We have shown to great effect how our technology-driven approach to lending can succeed in the specialist loans market. Our sights are now firmly set on continuing to build out our platform and on ultimately disrupting the £200 billion mainstream UK mortgage market.”
David Langford, relationship director in HSBC’s non-bank financial institutions team in London, added: “We are delighted to partner with LendInvest and the platform’s experienced team on this funding. The deal demonstrates our commitment to providing access to funding in an evolving UK residential property market in order to help support housing supply. We look forward to the launch of this exciting mortgage product and seeing how it will benefit new and existing LendInvest customers.”
