Belmont Green has issued its first securitisation deal of 2024 and raised £300m to help drive the firm’s mortgage lending growth across the specialist residential and buy-to-let markets.
The group, which trades as Vida Homeloans, confirmed that its first residential mortgage-backed security (RMBS) of 2024, Tower Bridge Funding 2024-1, has taken its total number of RMBS transactions to 11.
Belmont Green’s latest securitisation was supported by Barclays, Macquarie, and Santander, and following a reverse enquiry, the senior and mezzanine notes were wholly placed at “compelling levels”.
The transaction, together with warehouse facilities, has strengthened Vida’s funding capacity to support the growth and development of the business.
“We are delighted to start the year having completed another successful RMBS transaction, which will allow us to support the specialist lending market in 2024 as we continue on our journey to become a bank,” Belmont Green CEO, Anth Mooney, commented.
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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.
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