LONDON: LendInvest plc (AIM: LINV), the UK’s leading platform for mortgages, announces that it has extended its existing Separate Account with JP Morgan by an additional £500 million to £1.5 billion.

This funding will be used to support the growth of LendInvest’s Mortgages proposition.

As a result, LendInvest now has more than £4.55 billion of Funds under Management, as investors seek secured, asset-backed investment opportunities in property finance, offering strong relative value in the current macroeconomic environment.

Rod Lockhart, Chief Executive Officer at LendInvest said: “We are delighted to extend our funding partnership with J.P. Morgan. This milestone transaction is a major vote of confidence in LendInvest and its market-leading origination capability and technology, and it demonstrates our continued ability to scale our strategic partnerships.

“This extension will significantly strengthen our already competitive buy-to-let proposition, ensuring we remain at the forefront of the industry through our innovative approach and exceptional customer service.”