LendInvest secures £250m warehouse facility from Société Générale

Property lender LendInvest has secured a £250m warehouse facility from Société Générale, as it extends its institutional backing.

The facility will be used to bolster LendInvest’s buy-to-let and specialist residential mortgages, using its technology-driven lending platform.

The facility also offers LendInvest competitive funding terms and multi-year support, allowing for greater efficiency in mortgage origination.

Read more: LendInvest surpasses £5bn funds under management

“We are pleased to welcome Société Générale as a strategic funding partner, further demonstrating the confidence global financial institutions have in our expertise and origination capabilities,” said Rod Lockhart, chief executive of LendInvest.

“This partnership will enable us to continue supporting UK landlords while delivering strong value creation for Société Générale.

“It cements our position as the partner of choice for institutional investors looking to access UK mortgages.”

Read more: LendInvest narrows pre-tax losses in first half

“Société Générale is delighted to establish a strategic funding partnership with LendInvest, supporting its buy-to-let and residential mortgage originations and contributing to the valuable work it does to finance the real economy in the UK, which closely aligns with Société Générale’s commitments,” said Emmanuel Blind, head of European financial institutions securitisation at Société Générale.

“LendInvest has an extensive track record of executing on its sound business strategy, and we are excited to further develop our relationship.”

Read more: LendInvest inks £500m funding deal with JP Morgan