Specialist lender Lendco has closed its fourth public buy-to-let securitisation of £408m, its largest issuance, as part of its Atlas programme.
Lendco said that the buy-to-let (BTL) securitisation attracted “substantial investor interest” and led to the “tightest pricing to date” for the Atlas programme.
The BTL securitisation transaction was arranged by Santander Corporate and Investment Banking, and the joint lead managers were Barclays, BNP Paribas, HSBC, and Santander Corporate and Investment Banking.
Simon Knight, Lendco’s CEO, said: “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.”
Lendco was founded in 2018 and specialises in BTL and bridging loans. It holds a loan book of over £1.5bn to date.
The lender secured an additional £250m funding line from Santander CIB earlier this year.
Lendco’s last BTL securitisation was valued at £304m and took place last year.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
