"We are delighted to be able to extend our relationship with Lloyds - one of the UK’s most prestigious banks - and with whom we have built a strong and successful working relationship over many years."
- Rod Lockhart, CEO of LendInvest
LendInvest has passed a key milestone with more than £5bn in funds under management (FUM).
The FUM total now stands at £5.14bn, boosted by a £500 million upsize from one of the lender's existing institutional investors.
Today’s FUM announcement follows a series of funding uplifts for LendInvest in recent months, including the £300m renewal of its funding syndicate with BNP Paribas, Barclays and HSBC, and the £1.5bn funding agreement with JP Morgan announced last September.
LendInvest has also just agreed a renewal of its £300 million funding facility with Lloyds.
The facility will continue to be used to support lending across LendInvest's residential and buy-to-let mortgages.
Rod Lockhart (pictured), CEO of LendInvest, commented: “This renewal highlights Lloyds’ understanding of the strength of our business, our consistent loan performance, and the cutting-edge technology that powers our operations.
“We are delighted to be able to extend our relationship with Lloyds - one of the UK’s most prestigious banks - and with whom we have built a strong and successful working relationship over many years.”
