Mortgage FinTech LendInvest has entered into a new lending partnership with Lloyds Bank worth £180mn.
In Brief:
LendInvest will use this to help grow its buy-to-let business.
Meanwhile JP Morgan has increased its commitment from £500mn to $1bn.
Its assets under management have increased 20% this year.
What does this mean?
LendInvest has seen growth across the lending products it offers this year despite a challenging market and says its buy-to-let products are increasingly popular. These loans are now increasingly funded by prestigious banks.
