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.”
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