UK based mortgage marketplace has raised £200m in debt capital from HSBC.
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LendInvest gets £200 million backing from HSBC amid IPO rumours
The company, which offers individuals and institutions investment opportunities in UK mortgages, has gained the fresh financing from HSBC in the form of a loan. The money will allow the company to enter the regulated home loan market, offering short-term bridging finance for up to 12 months to homeowners. The move comes after it emerged last month that LendInvest had hired advisers at Lazard to assess various options including a £500 million potential initial public offering (IPO).
