Fintech lending business LendInvest is preparing its first securitisation. If successful, the sale of part of its loan book would augur well for a potential £500m initial public offering.

The company’s annual report, published this morning, revealed that Citi, BNP Paribas and HSBC have been appointed to work on the securitisation deal, which will package up a portfolio of LendInvest’s UK buy-to-let loans for sale to institutional investors.