The lending partnerships are reportedly worth £150 million
LendInvest has struck partnerships with HSBC and Barclays that will see the banks provide funding for short-term mortgages through the property finance firm’s digital platform.
The lending partnerships are reportedly worth £150 million and follow LendInvest’s £255m initial public offering on the AIM index.
LendInvest connects funders and investors including high-net-worth individuals and institutions such as pension funds, insurers and global banks with the property industry.
Funders and investors provide a range of mortgages via a digital platform that simplifies and speeds up the financing process. LendInvest says it has overseen the lending of more than £3 billion since 2008, with a significant leap from £375 million in 2017.
He said: “There is a real recognition that the technology and platform we have built allows institutions to access the highest quality assets in the market.”