PropTech's backers already include Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank and Wells Fargo
In brief:
- LendInvest plc has secured £500 million investment from Chetwood Financial Limited to fund part of its future mortgage originations for its buy-to-let and residential mortgage products.
-It intends to grow its buy-to-let business, which supports professional landlords, as well as its newly launched residential mortgage range, which has been developed to support customers who are underserved by high street mortgage providers.
-LendInvest says its proprietary technology platform makes complex cases simpler and faster, and improves the experience for prospective homeowners, property developers and professional landlords.
What does this mean?
“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.”
Read more here.
