Belmont Green has completed a £231m UK mortgage-backed securitisation led by NatWest Markets and Macquarie Bank.
The business, which trades in the UK mortgage market under the Vida Homeloans brand, originates both residential and buy-to-let mortgages, and has completed in excess of £300m of mortgage lending since launching into the intermediary mortgage market in September 2016.
David Tweedy (pictured), chief executive of Vida Homeloans, said: “Tower Bridge Funding No.1 – Belmont Green’s first ever UK residential mortgage backed securitisation – has completed smoothly and quickly. Indeed, we believe that this may be one of the fastest UK mortgage backed securitisations from a lender’s launch that the market has ever seen. This transaction is a key milestone in Belmont Green’s plan to become a regular issuer of RMBS.
“This transaction is a sign of significant investor demand for Belmont Green’s strategy and a vote of confidence in what Belmont Green is looking to achieve with the Vida brand. Since its launch just over a year ago, Vida has become a go-to option for brokers looking to place specialist residential and buy-to-let mortgage business for customers with specialised lending requirements, and we’re confident that new presence as a Capital Markets Issuer will support us in writing more business and helping more borrowers.”