LendInvest gains £250m credit line from Societe Generale

LONDON - LendInvest, a prominent UK property finance platform, has announced securing a £250 million warehouse facility with Societe Generale (OTC:SCGLY), signaling a significant expansion of its institutional backing. This strategic partnership with the French banking giant is set to bolster LendInvest’s Buy-to-Let and specialist residential mortgage offerings, as the company continues to grow its digital mortgage services.

The collaboration aligns with LendInvest’s upcoming launch of a fully digital Buy-to-Let mortgage proposition, designed to streamline the application process and improve customer experience through advanced automation and digital underwriting. This move is expected to enhance the company’s competitive edge in the UK property finance market.

Rod Lockhart, CEO of LendInvest, expressed confidence in the partnership, highlighting the facility’s role in supporting UK landlords and delivering value for Societe Generale. He emphasized the partnership’s reinforcement of LendInvest’s status as a preferred partner for institutional investors in UK mortgages.

The new facility not only offers LendInvest competitive funding terms and long-term support but also provides the flexibility to improve mortgage origination efficiencies. With Societe Generale’s backing, LendInvest aims to integrate digital valuation and underwriting solutions, further distinguishing its services from those of traditional lenders.

Emmanuel Blind, Head of European Financial Institutions Securitisation at Societe Generale, commended the strategic funding partnership, noting its alignment with Societe Generale’s commitment to financing the real economy in the UK. He praised LendInvest’s execution of its business strategy and looked forward to developing their relationship.

This partnership adds to a series of significant funding agreements LendInvest has secured over the past six months, including a £500 million upsize from an existing institutional investor and a £1.5 billion funding agreement extension with JP Morgan. With such robust institutional support, LendInvest continues to solidify its position as a leader in the UK’s alternative property finance market.

Based on a press release statement, LendInvest has a proven track record, having lent over £7.5 billion in various mortgage products, and is backed by global institutions such as JP Morgan, HSBC, Lloyds (LON:LLOY), and Barclays (LON:BARC). The company’s technological focus aims to simplify property finance access for borrowers and investors alike.

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