LendInvest partners with British Business Bank in landmark deal to support the building of more homes, financed by HSBC

Press release 24 January 2023

  • HSBC will provide up to £100 million in funding for LendInvest’s development finance programme, as announced on 19 December 2022
  • Transaction supported by the British Business Bank’s ENABLE Guarantee programme
  • Facility increased LendInvest’s total Funds under Management to over £3.6 billion

The ENABLE Guarantee programme is designed to encourage lenders to increase their advances to smaller businesses. Under an ENABLE Guarantee, the UK Government takes on a portion of the risk on a portfolio of loans to smaller businesses, in return for a fee.

LendInvest now has over £3.6 billion of funds under management, providing investors with opportunities to gain exposure to the UK property finance market.

London, 23 January 2023 – LendInvest, the UK’s leading asset manager for property finance, announces a partnership with the British Business Bank to help finance smaller property developers provide more homes around the UK.

As senior funder, HSBC will provide up to £100 million, with the British Business Bank supporting the transaction via its government-backed ENABLE Guarantee programme.

LendInvest’s development finance scheme supports smaller property developers across the UK, helping to plug the gap in the delivery of homes and alleviate the undersupply of houses.

It is well known that there is an undersupply of housing in the UK and so we are delighted to partner with the British Business Bank and HSBC to unlock finance to help tackle this issue. The UK is a nation of homeowners without enough homes to own. Smaller property developers have a key role to play in making up this shortfall. The guarantee from the British Business Bank and the funding from HSBC, combined with our expertise in lending, is key to supporting these developers. Rod Lockhart Chief Executive Officer, LendInvest
Unlocking finance through this facility is a great example of the difference the ENABLE Guarantee programme can make in the market. Thanks to this new partnership, LendInvest will be able to help more smaller property developers build more homes across the UK Reinald de Monchy Managing Director, Guarantee and Wholesale Solutions, British Business Bank

Further Information

Notes to editors

About LendInvest

LendInvest is the UK’s leading technology driven asset management platform for property finance, and is listed on the London Stock Exchange (AIM: LINV).

LendInvest offers short-term, buy-to-let and homeowner mortgages. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.

LendInvest has lent over £5 billion of short term, development and buy-to-let mortgages. Its funders and investors include global institutions such as J.P. Morgan, HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of buy-to-let mortgages.

The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, Buy-to-Let Lender of the Year for 2020 at the NACFB awards, and one of FT1000’s Fastest Growing Companies in Europe for 2021.

lendinvest.com | @lendinvest

About the British Business Bank

The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.

The British Business Bank’s core programmes support over £12.2 billion1  of finance to more than 96,000 smaller businesses2 .

As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Finance Hub provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.

The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4 billion in finance to 1.67 million businesses. These schemes are now closed to new applications.

British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. Wholly owned by HM government, the Bank and its subsidiaries are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found at the British Business Bank.

  • 1

    Figures as at end March 2022

  • 2

    Figures as at end March 2022