Lendco
Specialist LenderLendco is a London-based specialist lender providing bridging finance and development loans for residential and commercial property. The lender combines flexible underwriting with competitive pricing, serving experienced property professionals through broker partners.
About Lendco
Lendco is a specialist property lender headquartered in London, offering bridging finance and development loans across England and Wales. The lender was founded to provide professional property investors and developers with reliable, flexible short-term finance. Lendco serves a wide range of property transactions including acquisitions, refinances, refurbishments, and ground-up development.
Lendco offers both bridging and development finance, making it a versatile funding partner for property professionals with varied requirements. The lender takes a pragmatic approach to underwriting, focusing on the viability of the deal and the borrower's experience. Lendco provides first charge lending on residential and commercial assets.
Lendco is broker-only and has developed strong relationships with property finance intermediaries across the UK. The lender is known for responsive service and a commitment to delivering on indicative terms. Lendco aims to provide certainty of funding for borrowers working to tight timescales.
Lending Focus
Lendco offers mortgage products across 4 categories including Commercial, Bridging, Development and 1 more.
Key Features
- Bridging and development finance from a single lender
- First charge lending on residential and commercial property
- Pragmatic underwriting focused on deal viability
- Covers acquisitions, refinances, refurbishments, and ground-up builds
- Responsive service with commitment to indicative terms
Pros & Cons
Pros
- Offers both bridging and development finance under one roof
- Pragmatic underwriting that considers deal strength holistically
- Strong commitment to delivering on indicative terms
- Responsive service with quick turnaround on decisions
Cons
- –Broker-only — no direct applications accepted
- –Smaller lender with limited brand awareness
- –Primarily first charge only — limited second charge options
Fees & Charges
- Arrangement Fee
- Typically 2% of the loan amount
- Valuation Fee
- Varies by property value — quoted at application stage
- Early Repayment Charge
- No ERC on standard bridging products
- Overpayment Allowance
- No restrictions — can repay at any time
Mortgage Rates
Rate data coming soon. View rates on Lendco
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 2–4 weeks from application to completion
- Online DIP
- No — via broker or branch
- Offer Valid For
- 6 weeks from date of offer
Lending Criteria
- Maximum LTV
- 75%
Frequently Asked Questions
Does Lendco offer development finance?
Yes, Lendco provides development finance alongside bridging loans, covering refurbishment projects and ground-up residential development across England and Wales.
What is the maximum LTV for Lendco bridging loans?
Lendco typically lends up to 75% LTV on bridging loans, depending on the property type and the overall strength of the transaction.
How quickly can Lendco complete a bridging loan?
Lendco aims to complete bridging loans within 2 to 4 weeks from application, subject to valuation and legal turnaround times.
Does Lendco lend to limited companies?
Yes, Lendco lends to limited companies including SPVs set up specifically for property investment and development purposes.
How to Apply
Broker only. Lendco products are available through mortgage brokers. Find a broker with Lendco on their panel.
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Albatross Capital | Commercial, Bridging, Development+1 | Specialist | 75% |
| BIG Property Finance | Commercial, Bridging, Development+1 | Specialist | 75% |
| Buzz Capital | Commercial, Bridging, Development+1 | Specialist | 75% |
| Close Brothers Property Finance | Commercial, Bridging, Development+1 | Specialist | 60% |
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