"Patrick brings a unique combination of very strong technical knowledge with genuine value-added innovation."
Chambers UK 2025
Ranked: Capital Markets: Securitisation
Chambers UK 2025
"Provide[s] a unique combination of outstanding legal knowledge, creativity, commercial acumen and client support."
The Legal 500 UK 2025
Up & Coming – Capital Markets: Securitisation
Chambers UK 2024
"He is smart, hard-working and thoughtful and he has a good presence about him."
Chambers UK 2023
"He shows a level of commercial flexibility, he is hard working and able to make sensible decisions."
Chambers UK 2022
Profile
Mr. Leftley is a partner in the Finance Department of the London office of Latham & Watkins and a member of the Structured Finance Practice.
Mr. Leftley represents banks, asset managers, and corporates on a wide range of public and private securitization and asset-backed financing structures. He handles transactions across a full spectrum of asset classes, including residential and commercial mortgages, consumer loans, SME finance, student loans, auto finance, credit card receivables, trade receivables, and lease receivables.
Mr. Leftley draws on extensive experience, regularly advising on novel structures as well as some of the market’s largest securitization transactions. He brings complementary knowledge of market practice and the shifting regulatory landscape affecting the securitization and structured finance industry to help clients protect their investments and scale their businesses.
Prior to joining Latham, Mr. Leftley was seconded to the treasury function of a captive auto-finance company and the structured derivatives desk at a major UK bank.
Experience
Mr. Leftley’s recent experience includes advising:
A global asset manager on a c. €1.9 billion acquisition of home loans, consumer loans, commercial loans, and NPLs
Advising KKR on its exclusive multi-year agreement to acquire up to €40 billion of buy-now-pay-later consumer loans originated by PayPal in Europe
Advising the arrangers, lead managers, and retention holder in relation to a public 144A issuance of notes by Bridgegate Funding PLC and backed by a portfolio of approx. £2.7 billion UK owner-occupied and buy-to-let mortgage loans
Various UK SME lending platforms in connection with their accreditation under the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS), Bounce Back Loan Scheme (BBLS), and Recovery Loan Scheme (RLS), and the implementation of associated funding programs for CBILS, BBLS, and RLS loans
Advising Lloyds Bank and BNP Paribas on their £240 million warehouse securitization of invoice finance receivables originated by Sonovate
Advising Barclays Bank on its €275 million warehouse securitization of SME loans originated by Teylor in Germany
Advising international banks and asset managers on investments in German consumer loans originated by auxmoney GmbH
Advising the originator and sponsor in relation to a public 144A issuance of notes by Ripon Mortgages PLC and backed by a portfolio of approx. £6.4 billion UK buy-to-let mortgage loans
Advising the originator and sponsor in relation to a public 144A issuance of notes by Harben Finance and backed by a portfolio of approx. £1.1 billion UK buy-to-let mortgage loans
A European asset manager as equity investor in a €250 million warehouse facility financing German consumer loans originated by a German fintech lender
A UK fintech startup on a warehouse facility to finance the origination of a portfolio of consumer hire receivables used to finance mobile phone handsets
A major UK bank as originator and servicer on the securitization of a c. £2.1 billion portfolio of UK auto loans
A major European bank as lender in a €585 million warehouse financing of Spanish consumer loans and credit card receivables
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