LendInvest secures new buy-to-let funding from Wells Fargo

LendInvest has announced Wells Fargo as its new funding partner alongside National Australia Bank to support the continued growth of its buy-to-let proposition.

Wells Fargo joins LendInvest's £200 million financing syndicate which includes banks such as Lloyds, JP Morgan, HSBC, Barclays, Citi and National Australia Bank.

The new funding means the lender now has more than £3.6 billion in funds under management.

The announcement follows LendInvest’s entry into the residential mortgage market in March this year.

Rod Lockhart, CEO at LendInvest, commented: “We are delighted to partner with Wells Fargo as we continue to grow and diversify our funding sources and further expand our buy-to-let business. This most recent partnership demonstrates the ongoing appetite from global financial institutions to invest in the buy-to-let sector, and we look forward to working closely with Wells Fargo.

"With our disruptive technology and full suite of property finance products, we are poised to capture an increasing share of the UK mortgage market and support the ongoing modernisation of UK property to support a cleaner, greener future”