Lendco has completed a £360m BTL securitisation, its second public BTL mortgage-backed securitisation of the year.
This securitisation, which was upsized due to strong investor interest, is the sixth in Lendco’s Atlas programme.
This latest transaction was arranged by Santander, with Barclays, BNPP, HSBC, Lloyds and Santander as joint lead managers.
“Lendco more than doubled its market share last year and this latest successful issuance marks a milestone for the business in generating sufficient volumes to support a second securitisation within the same year,” said Simon Knight, CEO at Lendco (pictured above).
“We believe the strong investor demand is testament to the consistently high credit quality of the loans we originate.”
Adrian Scragg, director of treasury, capital markets, and ESG at Lendco, added: “Atlas 2025-2 is our first ever STS transaction and we’re pleased to have introduced this as another enhancement to our programme.
“This is also a landmark issuance for us as we surpass an aggregate of £2bn of securitised assets since we launched the programme in 2021.”
