Lendco completes £384m buy-to-let securitisation

The deal refinances loans secured on residential properties in England and Wales held in a warehouse facility.

The lender said that it received “excess demand” from the EU and the UK despite “volatile market conditions”.

Lendco completed its inaugural securitisation last year, which was a securitisation of buy-to-let mortgages and raised £314m.

The company was launched in 2018 as a joint venture between brokerage SPF Private Clients and private equity firm Cabot Square Capital.

It offers buy-to-let mortgages and bridging loans and has passed £1bn of total loan origination since its founding.

Simon Knight (pictured), managing director of Lendco, says: “We are delighted to have completed this second securitisation which secures funding for an additional four years and reflects continued investor confidence in Lendco’s platform.”

“This second securitisation is further evidence of our intention to be a sustained and programmatic issuer in the capital markets.”

The transaction was co-arranged by HSBC and BNP Paribas. The Joint lead managers were HSBC, BNP Paribas and Natwest Markets.