Lendco has renewed one of its £400m buy-to-let (BTL) warehouse lines – continuing its seven-year partnership with HSBC and BNP Paribas as senior lenders.
The renewal concluded a year for the Lender in which it 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.
Simon Knight, chief executive officer of Lendco, 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.”
Adrian Scragg, director of treasury, capital markets, and ESG at Lendco, 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!”
