The deal will see HSBC provide up to £100m in funding for the lender’s development finance programme, which aims to help smaller property developers provide more homes across the UK.

The British Business Bank will act as the guarantor through its government-backed ENABLE Guarantee programme.

LendInvest currently has more than £3.6bn in funds under management.

•   Hilltop launches real estate funding and management platform
•   HJ Collection celebrates record growth after establishing £70m GDV pipeline
•   Precede Capital and Nomura agree £227m development loan for Downing Living's Manchester scheme

Rod Lockhart, CEO at LendInvest (pictured above), said: “It is well known that there is an undersupply of housing in the UK, so we are delighted to partner with the British Business Bank and HSBC to unlock finance to help tackle this issue. 

“The UK is a nation of homeowners without enough homes to own, and smaller property developers have a key role to play in making up this shortfall.

“The guarantee from the British Business Bank and the funding from HSBC, combined with our expertise in lending, is key to supporting these developers.”

Reinald de Monchy, managing director of guarantee and wholesale solutions at British Business Bank, added: “Unlocking finance through this facility is a great example of the difference the ENABLE Guarantee programme can make in the market.

“Thanks to this new partnership, LendInvest will be able to help more smaller property developers build more homes across the UK.”