Lendco secures £250m warehouse funding line with Santander

By Bridging Loan Directory 7th December 2023

Specialist lender, Lendco, has secured an additional £250m funding line with Santander Corporate & Investment Banking (Santander CIB).

The new facility will support the company’s growth plans and in particular its ability to scale its Buy-to-Let proposition.

With Lendco’s loan book quickly approaching £1.5bn, the deal has been perfectly timed given strong application volumes in Q4 that have already exceeded £200m.

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

“This is another important step on our journey to further scale and optimise our funding platform as we position ourselves for a strong 2024.

This caps a fantastic year for the team, where we have succeeded in raising over £1.1bn.

We are proud to have built a number of strong, long-lasting relationships with our funding partners and we are really excited to begin our relationship with the Santander CIB team – we appreciate the belief they have shown in Lendco and look forward to working with them for a long time to come.”