Lendco has renewed one of its £400m buy-to-let warehouse lines – continuing its seven-year partnership with HSBC and BNP Paribas as senior lenders.
The renewal concludes a busy year for the lender where it has executed over £1.3bn of financing activity – including its fourth public securitisation, a new BTL forward-flow agreement, and mezzanine finance for its bridging warehouse.
Commenting on the deal Lendco chief executive Simon Knight said: “We are delighted to have further cemented our longstanding relationship with BNPP and HSBC and on the back of a record year of lending, our funding platform is perfectly positioned ready for our 2025 lending ambitions”.
Lendo director of treasury, capital markets and ESG Adrian Scragg (pictured) added: “We’re thrilled to have closed this renewal out with two of our longest-standing partners. And, following such a busy year it’s a great way to close the books”.
