Lendco renews £400m buy to let warehouse facility

By Bridging Loan Directory 22nd December 2024

Lendco has renewed one of its £400m BTL warehouse lines, continuing its seven year partnership with HSBC and BNP Paribas as senior lenders.

The renewal concludes a busy year for the lender where it has executed over £1.3bn of financing activity, including its fourth public securitisation, a new BTL forward-flow agreement, and mezzanine finance for its bridging warehouse.

Commenting on the deal, Simon Knight, Chief Executive Officer of Lendco, says:

“We are delighted to have further cemented our longstanding 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”.

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

“We’re thrilled to have closed this renewal out with two of our longest-standing partners.

And, following such a busy year it’s a great way to close the books!”