The latest transaction via LendInvest completes a first in the UK fintech sector

June 11, 2019
Share this Post: 

LendInvest, a property finance marketplace, has securized £259 million of UK prime buy-to-let mortgage loans in an oversubscribed RMBS transaction.

The securitization is part of a strategy being executed by LendInvest to continue to drive down its cost of capital, and continue its move towards the mainstream mortgage market.

In addition to reducing the cost of funding, the process frees up LendInvest’s capacity to fund future Buy-to-Let mortgage loans as the company continues to win market share from traditional bank lenders.

Christian Faes, Co-Founder and CEO of LendInvest, said: “This is a significant milestone for LendInvest. This securitization provides us with funding that is cheaper than if we were a small deposit-taking bank, and proves out our business model and its scalability.

“We are building a new type of financial services business that can properly take on and challenge the banks in this market.

“The securitization received strong support from the market, with new institutions coming into the fold, and buying loans originated through the LendInvest platform.”

LendInvest launched its buy-to-let product in late 2017 after initially receiving funding from Citigroup for the product.

Read more here

Join us in Madrid, November 12-15 for the Global Online Marketplaces Summit.

Property Portal Watch Madrid Summit 2019

June 11, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Investment Roundup 14Mar
Funding and Investment Roundup: Adevinta, JustMoveIn, REA Group, Tomo Mortgage

This week's funding and investment roundup starts with the now not-so-surprising news that Adevinta is selling...   Europe: Adevinta sells...

Read More
Product Update 2025Mar14 1
Product and Services Roundup: Domclick, Samolet, Homele, Dubizzle, Jitty

This week's product roundup has some interesting news from two Russian businesses...   Europe: Domclick launches house building services and...

Read More
Rightmove Row Of New Housees 2
Rightmove Appoints Amanda James as Non-Executive Director and Audit Chair

Rightmove has appointed Amanda James as a non-executive director (NED) and chair of its Audit, Nomination, and Corporate Social Responsibility...

Read More
Shutterstock 1118947796 3
Baltic Classifieds Group Acquires Real Estate Valuation Platform Untu.lt

Baltic Classifieds Group (BCG) has acquired Lithuanian real estate valuation platform Untu.lt for an undisclosed sum, expanding its portfolio of...

Read More

Editor's Pick