REG - Lendinvest PLC LendInvest PLC-LINV - LendInvest signs £1.5bn funding deal with JPMorgan

LendinvestAnnouncement

10/09/2024 07:00

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RNS Number : 4777D  Lendinvest PLC  10 September 2024

LEI: 213800NWMK3O4UWP9N91

10 September 2024

 

LendInvest plc

LendInvest signs £1.5 billion funding agreement with JP Morgan

 

LendInvest plc (AIM: LINV) ("LendInvest" or the "Company"), the UK's leading
platform for mortgages, announces that it has extended its existing Separate
Account with JP Morgan by an additional £500 million to £1.5 billion.

 

This funding will be used to support the growth of LendInvest's Mortgages
proposition.

 

As a result, LendInvest now has more than £4.55 billion of Funds under
Management, as investors seek secured, asset-backed investment opportunities
in property finance, offering strong relative value in the current
macroeconomic environment.

 

Rod Lockhart, Chief Executive Officer at LendInvest said: "We are delighted to
extend our funding partnership with J.P. Morgan. This milestone transaction is
a major vote of confidence in LendInvest and its market-leading origination
capability and technology, and it demonstrates our continued ability to scale
our strategic partnerships.

 

"This extension will significantly strengthen our already competitive
buy-to-let proposition, ensuring we remain at the forefront of the industry
through our innovative approach and exceptional customer service."

 

Enquiries:

LendInvest via
Teneo
+44 (0)20 7353 4200

Rod Lockhart, Chief Executive Officer
 

Hugo Davies, Chief Capital Officer & MD of LendInvest Mortgages

Chris Semple, Director of
Communications

investorrelations@lendinvest.com

 

Panmure Liberum (NOMAD and
Broker)
              +44 (0)20 7886 2500

Atholl Tweedie

David Watkins

 

Teneo (Financial
PR)
 +44 (0)20 7353 4200

Ed Cropley

Olivia Lucas

Oscar Burnett

 

About LendInvest

LendInvest is the UK's leading platform for mortgages, and is listed on the
London Stock Exchange (AIM: LINV).

 

LendInvest offers short-term, buy-to-let and homeowner mortgages. Its
proprietary technology and user experience are designed to make it simpler for
both borrowers and investors to access property finance. LendInvest has lent
£7bn of short term, development, buy-to-let and homeowner mortgages. Its
funders and investors include global institutions such as J.P. Morgan, HSBC,
Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a
portfolio of buy-to-let mortgages.

 

The company was named Digital Innovation Award Winner at the Sunday Times Tech
Track 100 Awards, Buy-to-Let Lender of the Year for 2020 at the NACFB awards,
and one of FT1000's Fastest Growing Companies in Europe for 2021.

 

 

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