Belmont Green Finance, the parent company of Vida Homeloans, has announced that it has closed a £500m mortgage-backed securitisation.
This is the fourth securitisation in the company’s Tower Bridge programme, which has now securitised £1.54bn of buy-to-let and specialist owner-occupied loans.
According to the firm, investor participation in the deal was strong, “the mezzanine tranches were particularly sought after”, with investors placing orders totalling several multiples of the available notes.
Belmont Green Finance chief executive David Tweedy says: “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.
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.
“This transaction shows investor demand 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.”