The latest transaction via LendInvest completes a first in the UK fintech sector

LendInvest, a property finance marketplace, has securized £259 million of UK prime buy-to-let mortgage loans in an oversubscribed RMBS transaction.

The securitization is part of a strategy being executed by LendInvest to continue to drive down its cost of capital, and continue its move towards the mainstream mortgage market.

In addition to reducing the cost of funding, the process frees up LendInvest’s capacity to fund future Buy-to-Let mortgage loans as the company continues to win market share from traditional bank lenders.

Christian Faes, Co-Founder and CEO of LendInvest, said: “This is a significant milestone for LendInvest. This securitization provides us with funding that is cheaper than if we were a small deposit-taking bank, and proves out our business model and its scalability.

“We are building a new type of financial services business that can properly take on and challenge the banks in this market.

“The securitization received strong support from the market, with new institutions coming into the fold, and buying loans originated through the LendInvest platform.”

LendInvest launched its buy-to-let product in late 2017 after initially receiving funding from Citigroup for the product.

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