Lendco has completed its seventh securitisation under its Atlas Buy-to-Let (BTL) programme, resulting in the total issuance exceeding £2.5bn.
It is the BTL lender’s second Simple, Transparent, Standardised (STS) securitisation and first deal this year.
Lendco said the transaction saw strong investor demand, allowing it to be increased to £519m, its biggest issuance to date.
The lender said the level of interest from investors reflected its “consistent origination of high-quality” prime BTL loans and the increasing strength of its securitisation platform.
Lendco was acquired by Cerberus Capital Management earlier this month.
Simon Knight, CEO of Lendco, said: “We’re really happy with our latest issuance from the Atlas programme. The continued strong support from the investor community is testament to consistent, high-quality loans that Lendco continues to originate.”
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Adrian Scragg, director of treasury, capital markets and ESG at Lendco, added: “Despite some challenging macro headlines, we managed to upsize to our largest deal to date.
“We really appreciate the strong support from our investor base – something we’re seeing more and more as our programme scales.”