Christian Faes

LendInvest secures HSBC funding to enter regulated home loan market



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LendInvest will enter the regulated home loan market for the first time after securing up to £200m of funding from HSBC UK.

This move is part of the specialist property finance lender’s plans to become a whole-of-market mortgage provider.

The funding adds further institutional capital to its platform.

LendInvest’s first home loan product will be available to homeowners requiring short-term bridging finance for terms of up to 12 months.

Christian Faes, CEO and co-founder of LendInvest (pictured above), said: “LendInvest continues to attract investment on to our platform from some of the world’s largest and most sophisticated investors.

“This new funding from HSBC is a further important step forward in the evolution of our business.

“We have shown to great effect how our technology-driven approach to lending can succeed in the specialist loans market.

“Our sights are now firmly set on continuing to build out our platform and on ultimately disrupting the £200bn mainstream UK mortgage market.”

David Langford, relationship director in the non-bank financial institutions team at HSBC, added: “We are delighted to partner with LendInvest and the platform’s experienced team on this funding.

“The deal demonstrates our commitment to providing access to funding in an evolving UK residential property market in order to help support housing supply.

“We look forward to the launch of this exciting mortgage product and seeing how it will benefit new and existing LendInvest customers.”

In addition to HSBC UK, LendInvest’s bank funding partners include Citigroup and Nomura.

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