LendInvest has agreed a new £250 million warehouse facility with Societe Generale.
The facility represents a significant step in expanding Societe Generale’s presence in the UK property finance market. Meanwhile, for LendInvest, the facility provides an opportunity for continued growth in buy-to-let and specialist residential mortgages.
The partnership also comes as LendInvest prepares to launch a fully digital buy-to-let mortgage proposition, streamlining the mortgage application process and improving its customer experience via automation and digital underwriting.
Rod Lockhart (pictured), CEO of LendInvest, said: “We are pleased to welcome Societe Generale as a strategic funding partner, further demonstrating the confidence global financial institutions have in our expertise and origination capabilities.
“This partnership will enable us to continue supporting UK landlords while delivering strong value creation for Societe Generale. It cements our position as the partner of choice for institutional investors looking to access UK mortgages.”
Emmanuel Blind, head of European financial institutions securitisation at Societe Generale, said: “Societe Generale 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 Societe Generale’s commitments.
“LendInvest has an extensive track record of executing on its sound business strategy, and we are excited to further develop our relationship.”
