Peer-to-peer mortgage company LendInvest announces £40m warehouse funding line from Macquarie

 
William Turvill
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LendInvest's founders have announced a new £40m funding line (Source: LendInvest)

A peer-to-peer (P2P) mortgage lender has announced a new funding round worth £40m.

The firm has signed a warehouse financing deal with investment bank Macquarie.

LendInvest said the £40m, used to fund mortgages via its website, will allow it to grow and consolidate its position in the UK short-term mortgage market.

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The Macquarie facility is LendInvest's fourth bank funding line, bringing the company's total investment by UK and international institutions to more than £230m.

Christian Faes, who founded LendInvest with Ian Thomas, said the warehousing line will “assist us as we move towards being able to securitise our assets for institutional investors”.

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He said: “LendInvest is creating the most diverse capital base of any mortgage lender in the market which is a key differentiator for our business.

“By welcoming another significant institution and funding line to our business, we are putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market.”

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