National Australia Bank (NAB) has backed UK online property finance platform LendInvest with a £200m (€215.8m) investment.
LendInvest said the new funding from NAB expands LendInvest’s capacity to lend in the UK buy-to-let market, adding that it has now raised over £1.8bn of debt and equity from investors.
NAB joins a broad range of global financial institutions including banks such as HSBC, Citigroup and Nomura, investing in LendInvest.
Christian Faes, co-founder & CEO of LendInvest, said: “We’ve now raised almost £2bn in debt and equity for LendInvest, and in many respects, we’re just getting started.
“We have dominated in the short term mortgage market for years, and we’re now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.”
James Versmissen, associate director at National Australian Bank, said: ”This new warehouse facility underlines NAB’s commitment and capability to support lenders that shape the mortgage market of tomorrow.”