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.”
Latest News
-
Mortgage approvals slip in February ahead of stamp duty changes
-
PRA proposes raise to FSCS deposit protection limit
-
Market Financial Solutions upsizes funding lines by £1bn
-
Quilter adds Northern Ireland-based PHW Wealth Partners to advice network
-
AJ Bell sells £25m Platinum SIPP and SSAS business to InvestAcc
-
Evelyn Partners reports record AUM amid wealth focus
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories