LendInvest secures £300m from Barclays, HSBC, and BNP Paribas to boost UK housing market

LendInvest has renewed a £300m financing agreement with Barclays, HSBC and France's BNP Paribas, as the property fintech aims to return to profitability. The AIM-listed company announced that the revolving warehouse financing agreement, equally shared between the three banks, has been extended for an additional three years on what it referred to as improved terms.

LendInvest stated that this facility would bolster its mortgage business, particularly focusing on the firm's shorter-term bridge financing products like bridge-to-let and refurbishment and retrofit, as reported by City AM.

These offerings enable property invest