Belmont Green, the parent company of Vida Homeloans, has priced its first securitisation of 2023.
The firm announced that its residential mortgage-backed security (RMBS), Tower Bridge Funding 2023-1, has raised £350m to help drive lending growth across specialist residential and buy to-let (BTL) markets.
This is the ninth RMBS transaction from Belmont Green and was supported by Bank of America, Barclays, Macquarie Group, NatWest and Santander. It attracted over £900m of demand from UK and international investors, with notes being oversubscribed by between 2.5 times and 6.1 times across the tranches on offer.
Belmont Green stated the transaction, together with an expanded £900m of warehouse facilities, can strengthen Vida’s funding capacity in support of its growth plans.
“We were very pleased with the investor reception for what was again the first specialist mortgage deal of the new year,” commented Belmont Green CFO, John Rowan. “The pricing of the transaction and the demand from investors is a testament to the strength of our portfolio, their confidence in our platform and the wider specialist lending sector in the UK.”
CEO, Anth Mooney, added: “We transformed our intermediary service delivery in 2022 and as we start 2023, this transaction provides us with a deep funding capacity that will allow us to support the specialist lending market.
“Together with our strong service levels and excellent feedback from our intermediary partners, we go into the year with continued confidence as we move forward on our journey to become a bank.”
Latest News
-
Adviser study reveals clients cutting pension payments for IHT purposes
-
HSBC UK profits fall 6% in Q3
-
Three in five landlords don’t trust Govt to deliver leasehold reform
-
Fifth of HNWIs unaware of private pension IHT changes
-
Savers keeping cash in low interest accounts, study shows
-
NatWest Q3 profits increase 35%
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories