Belmont Green Finance completes second UK mortgage-backed securitisation for £308m

Written by Oliver Wade
30/04/2018

Belmont Green Finance has announced that it has completed a £308m UK mortgage-backed securitisation led by NatWest markets and Macquarie Bank and co-managed by Barclays.

Belmont Green trades in the UK mortgage market under Vida Homeloans and accommodates both residential and buy-to-let mortgages, completing over £400m worth of mortgage lending in its first full year of trading to December 2017.

Vida Homeloans chief executive officer David Tweedy commented: “Tower Bridge Funding No.2 - Belmont Green’s second UK residential mortgage backed securitisation - has completed smoothly at a price we are happy with. This transaction is another key milestone in Belmont Green’s plan to become a regular issuer of residential mortgage-backed securities.

“This transaction is a sign of significant investor demand for Belmont Green’s securitised assets and a further vote of confidence in what Belmont Green is looking to achieve with the Vida Homeloans mortgage market brand. Since its launch in October 2016, Vida has become a specialist lender of choice for brokers looking to place specialist residential and buy-to-let mortgage business.Our Capital Markets programme will support us in writing more business and helping more borrowers.”

    Share Story:

Specialist FTB and BTL markets
Adam Cadle talks to Vida Homeloans director of sales - mortgages Louisa Sedgwick about the specialist first time buyer and buy to let markets

Newsletter

Subscribe to our newsletter to receive breaking news by email.




MoneyAge welcome
MoneyAge Editor Adam Cadle discusses the brand and what is on offer

World Markets (15 minute+ time delay)