Lendco
A securitisation-funded specialist writing commercial and semi-commercial bridging of £100k to £5m per asset alongside professional buy-to-let mortgages, distributed only through brokers.
What they do
Lendco funds itself through a public residential mortgage securitisation programme that has issued more than £1.4bn since 2021, plus bank warehouse lines including a £300m facility from BNP Paribas and HSBC. Lending is to landlords, special purpose vehicles and limited companies against residential investment, mixed use, multi-unit and semi-commercial property, with commercial and semi-commercial bridging capped at £5m an asset and around 70 per cent loan to value. Underwriting is in-house across a team of about fifty-five, distributed exclusively through intermediaries.
Where they fit in a lower-mid-market raise
For a property-holding company inside a wider group, the bridging line covers a purchase or a refinance while longer-term funding is arranged, and the securitisation funding behind it means capacity is dependable rather than dependent on a fund's investment period. Semi-commercial assets, awkward for many lenders, are core here.
Where they are not the fit
There is no term commercial mortgage and no trading-business lending: sizing is entirely on the property. Facilities cap at £5m an asset, which sits at the bottom of a £3–15m raise. Distribution is broker-only, and pricing is not published.
Published terms
- Pricing
- Not published
- Speed to terms
- Not published
- Sponsored or sponsorless
- Property investor or professional-landlord or SPV or Ltd-Co borrowers; not private-equity sponsored or sponsorless trading corporates
- Where they lend
- UK, England & Wales focus (flats capped 20 floors outside London, no cap in London)
- How they decide
- Intermediary/broker distribution only (SPF Private Clients origin JV); in-house underwriting; ~55-person team
- Personal guarantee
- Typically required
- Search funds and ETA
- No published route for search-fund or first-time acquirer borrowers
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Lendco lends through 3 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Lendco lends, but which of these would own it.
Commercial bridge
- Facility
- £100k to £5m
- Security
- First legal charge over financed commercial property; up to 70% loan to value; up to 6 applicants including. Ltd/SPV/LLP/trust
- Funds
- Refinance
- Rules out
- Not property-secured; EBITDA or trading-business cash-flow lending; Over £5m per asset; Over 70% loan to value on commercial
Semi-commercial bridge
- Facility
- £100k to £5m
- Security
- First legal charge over semi-commercial property; up to 75% loan to value
- Funds
- Refinance
- Rules out
- Not property-secured; Over £5m per asset; Over 75% loan to value; England & Wales only
Buy-to-let mortgage
- Facility
- £100k to £3m
- Security
- First legal charge over investment property; up to 75% loan to value (65% above £2m); £10m max borrower exposure; ICR-based
- Funds
- Refinance
- Rules out
- Not property-secured; Owner-occupier residential; Over £3m per asset or £10m per borrower; England & Wales only
Limits that apply across the firm
Stated limits, taken from Lendco’s own published criteria, beyond the ones each desk carries above. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- No appetite in non-property, unsecured or unsecured lending
How they sit against the category
- Its published ceiling is £5m; 67 of the 75 property-backed lenders here go at least as high.
- It lends through 3 distinct desks, where most firms here run one or two.
Counted across the 75 property-backed lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Lendco write?
Published facilities reach £5m, and the bottom of the published range is small-ticket business rather than a corporate facility. A band is what a lender states it will do, not what it will do on a given credit.
Does Lendco require a personal guarantee?
On Lendco's published terms, a personal guarantee is typically required. What a lender asks for on a given credit is settled in the documents, not by a published stance.
Does Lendco lend to search funds or ETA buyers?
Not on the published evidence. Lendco publishes no route for search-fund or first-time acquirer borrowers. A searcher's route to a lender usually runs through the quality of the target and the equity behind it.
On the record
November 2025: Atlas 2025-2 £360m BTL securitisation (first STS deal) (mortgagesolutions.co.uk.
April 2025: Atlas 2025-1 ~£320m BTL securitisation (S&P Global Ratings.
Sources: lendco.co.uk · mortgagesolutions.co.uk · mpamag.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.