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JP Morgan backs UK property finance platform with £500 million investment

LendInvest said it has secured the new £500m (€564m) investment from the multinational financial institution in future mortgage originations. The latest investment follows the sale of a £125m mortgage portfolio to JP Morgan in September 2020.

LendInvest said the latest investment further expands its capacity to lend in the UK buy-to-Let market.

JP Morgan joins a number of global financial institutions and institutional investors working with LendInvest, including HSBC, Citigroup and the National Australia Bank.

Rod Lockhart, CEO at LendInvest, said: “This transaction is yet another example of the growing interest from large global institutions in UK Fintech, and importantly, another milestone for LendInvest.

“Working with JP Morgan puts us in a stronger position than ever to serve our customers in what will come to be a hugely important year for the industry. We look forward to collaborating with the team there as we continue to tailor our unique offering for landlords in an ever-changing environment.”

Source: realassets.ipe.com on 28 January (https://realassets.ipe.com/news/jp-morgan-backs-uk-property-finance-platform-with-500m-investment/10050325.article)