Lendco closes £408m buy-to-let securitisation – The Intermediary

Lendco has successfully closed its fourth public buy-to-let mortgage-based securitisation under its Atlas programme, marking its largest issuance to date at £408m. The transaction, which attracted significant investor interest, resulted in the tightest pricing for an issuance in the programme’s history.

The securitisation was arranged by Santander Corporate & Investment Banking, with Barclays, BNP Paribas, HSBC, and Santander Corporate & Investment Banking acting as joint lead managers.

Simon Knight, chief executive officer of Lendco, 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.”