The transaction, Mortimer 2026-1 plc, was backed by a £265m portfolio of 1,240 UK prime buy-to-let (BTL) mortgage loans originated and serviced by LendInvest, with an additional £35m of pre-fund.
LendInvest said the transaction attracted strong demand from institutional investors and was the first of the group’s securitisation to qualify as a UK simple, transparent and standardised (STS) transaction.
The STS framework has been designed to make securitisations easier for investors to understand and assess, which should broaden the potential institutional investor base for LendInvest’s mortgage assets, including bank treasury investors.
All the loans in the portfolio were performing at the cut-off date. The portfolio has a weighted average current loan-to-value (LTV) ratio of 73.23% and weighted average rental cover of 177.25%.
LendInvest said the transaction demonstrated the continued demand for its assets and the group’s ability to access the debt capital markets.
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This will provide LendInvest with another route to support future mortgage origination along with its range of institutional funding partnerships, bank facilities and capital markets funding.
Rod Lockhart, chief executive of LendInvest, said: “The successful completion of our eighth Mortimer securitisation demonstrates the strength of LendInvest’s access to institutional capital. We saw strong demand across the capital structure and achieved a lower overall cost of funding than last year’s transaction, despite a more challenging market environment.
“This is also our first UK STS securitisation, broadening the potential investor base for our assets and further strengthening the Mortimer programme as an important part of our funding platform.”
He added: “The strength of demand across the capital structure, including from bank treasury investors, reflects the broad institutional appetite for LendInvest’s mortgage assets. It also demonstrates the strength and depth of the investor relationships we have built through the Mortimer programme.”
LendInvest reported a record £1.44bn in lending at the end of its 2026 financial year.
