The move continues Lendco’s seven-year partnership with HSBC and BNP Paribas as senior lenders.
The renewal concludes a busy year for the lender, during which it has executed more than £1.3bn of financing activity.
This includes its fourth public securitisation, a new BTL forward-flow agreement, and mezzanine finance for its bridging warehouse.
‘Cemented’ the relationship
Simon Knight, chief executive of Lendco, said: “We are delighted to have further cemented our long-standing relationship with BNPP and HSBC, and on the back of a record year of lending, our funding platform is perfectly positioned ready for our 2025 lending ambitions.”
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Adrian Scragg, director of treasury at Capital Markets and ESG at Lendco, added: “We’re thrilled to have closed this renewal out with two of our longest-standing partners.
“Following such a busy year, it’s a great way to close the books.”
Earlier this month, Lendco lowered bridging rates and added AVMs.
