LendInvest PLC - London-based non-bank mortgage lender - Notes LendInvest Btl Ltd prices its fifth securitisation of £410 million of UK prime buy-to-let mortgage loans in an oversubscribed residential mortgage backed security transaction. It expects the transaction to close next week Wednesday, and total funds under management to rise to £4.2 billion. LendInvest Chief Executive Officer Rod Lockhart says: ‘We’re pleased to have priced LendInvest’s fifth and largest securitisation transaction to date, which has drawn significant appetite from investors even during challenging market conditions, demonstrating the continued attractiveness of the asset class. LendInvest continues to leverage its technology platform to provide disruptive solutions in the mortgage market, giving us a competitive edge with brokers and borrowers and helping us to continue to attract diverse sources of capital.’

Current stock price: 29.20 pence, closed down 2.7% on Wednesday

12-month change: down 63%

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