Lendco has priced its second public buy-to-let (BTL) mortgage-backed securitisation of 2025, the sixth in its Atlas programme.
The transaction was finally upsized to £360m due to strong investor interest and has attracted the tightest pricing the programme has seen to date.
Now in its eighth year, Lendco has built a reputation as a regular issuer in the UK securitisation markets and is attracting an ever-growing investor base.
The transaction was arranged by Santander, with Barclays, BNPP, HSBC, Lloyds and Santander as joint lead managers.
Simon Knight, chief executive officer of Lendco, said: “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.
“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.”
