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, particularly its ability to scale its BTL proposition.
Adrian Scragg, director of treasury, capital markets, and ESG at Lendco, said: “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.”
