Citi Provides Innovative Facility to LendInvest in Buy to Let Market

 

 

LendInvest, a Fintech marketplace platform for property finance, has agreed a long-term warehouse facility with Citi boosting its entry into the UK’s £40 billion buy-to-let (BTL) market. Under the terms of the financing, Citi will provide a funding line to LendInvest that will be used to finance specialist BTL loans, designed for professional, experienced landlords and investors. Initially, the BTL product will be piloted with a select group of mortgage brokers, with the loans being rolled out to the wider market over the coming months.

LendInvest’s BTL product will be supported by an online mortgage application and case management portal. The end-to-end, paperless, technology-driven system is specially designed to alleviate pain points in the mortgage process for brokers and borrowers.

LendInvest added that it now has more than £500 million of lending capital on tap from its institutional investors creating the largest institutional capital base of any UK Fintech. LendInvest currently manages more than £750 million.

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Link: https://www.crowdfundinsider.com/2017/11/124004-big-news-citi-provides-warehouse-facility-lendinvest-buy-let-expansion/

 

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