London-based LendInvest, a property finance asset manager, announced on Tuesday that it has secured £500M (approximately €581M) from Chetwood Financial Limited.
The new capital will drive the expansion of LendInvest’s Buy-to-Let business, catering to professional landlords, and its recently launched Residential Mortgage range aimed at addressing the needs of customers who face limited options from traditional high street mortgage providers.
Rod Lockhart, Chief Executive Officer at LendInvest, says “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 £243 million, and further strengthens our partnership with the business.”
Chetwood joins Barclays Bank, BNP Paribas, Citi, HSBC, JP Morgan, Lloyds, National Australia Bank and Wells Fargo in supporting LendInvest’s mortgage products.
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