Mortgage platform provider and lender LendInvest has extended its existing separate account with JPMorgan, raising the total fund to £1.5bn.
This is an expansion of the £1bn originally agreed between LendInvest and JPMorgan and the fund is expected to further the lender’s business.
This agreement means LendInvest now has over £4.55bn of funds under management, to support demand for asset-backed investment opportunities in property finance.
Rod Lockhart, chief executive at LendInvest, said: “We are delighted to extend our funding partnership with JPMorgan. This milestone transaction is a major vote of confidence in LendInvest and its market-leading origination capability and technology, and it demonstrates our continued ability to scale our strategic partnerships.
“This extension will significantly strengthen our already competitive buy-to-let [BTL] proposition, ensuring we remain at the forefront of the industry through our innovative approach and exceptional customer service.”
Last week, LendInvest announced BTL product rate reductions and the launch of expat mortgages.
The lender said interest in BTL and short-term loans was rising at its most recent results, where it posted a loss after tax of £20.1m for its 2024 financial year, down from a profit of £11.4m last year.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
