Lendco announces £408m buy-to-let securitisation

By Bridging Loan Directory 11th June 2024

Lendco has closed its fourth public buy-to-let mortgage based securitisation in its Atlas programme.

The transaction, sized at £408m is the specialist lender’s largest issuance to date.

The deal attracted substantial investor interest and resulted in the tightest pricing to date for an issuance under the Atlas Programme.

The transaction was arranged by Santander Corporate & Investment Banking.

The joint lead managers were Barclays, BNPP Paribas, HSBC, and Santander Corporate & Investment Banking.

Simon Knight, Chief Executive Officer of Lendco, says:

“We are delighted to have completed our largest securitisation so far and which comes hot on the heels of us winning Best Specialist BTL Lender last week.

The Atlas and Lendco brands are now increasingly well known amongst investors and the high level of demand for this securitisation illustrates what a great job our team is doing.”

Adrian Scragg, Director of Treasury, Capital Markets, and ESG at Lendco, added:

“We couldn’t be more proud of this latest issuance in our programme.

Not only were we able to achieve scale, we did so at some of the tightest spread levels seen this year, a clear testament to the high-quality loans we originate”.