Belmont Green Finance has closed a successful £500 million UK mortgage-backed securitisation.
The transaction is the fourth in Belmont Green’s Tower Bridge programme which has securitised £1.54 billion of Vida Homeloans’ buy-to-let and specialist owner-occupied loans in just over two years since launch.
All classes of notes were fully subscribed.
The deal was led by Barclays, JP Morgan, Santander and Macquarie Bank.
David Tweedy (pictured), chief executive officer at Belmont Green Finance, said: “Tower Bridge Funding No.4 – Belmont Green’s fourth UK residential mortgage backed securitisation – is another hugely significant step in our plan to become a regular issuer of residential mortgage-backed securities and means that we have now securitised more than £1.5 billion in mortgage assets since launching the business in October 2016.
“At a time when some competitors have had difficulty in executing their funding strategies, it is particularly reassuring for the market to see Belmont Green Finance well-funded for further growth.
“This transaction shows investor demand for Belmont Green’s securitised assets across all classes of notes and demonstrates that investors are confident in both our capital markets programme and what we are achieving with the Vida Homeloans brand in the specialist UK mortgage market.”