Mortgage News
Co-Operative launches securitisation deal
The Co-Operative Bank launched a residential mortgage securitisation deal worth £2.5bn backed by prime mortgages.
The deal was launched last week under the Co-Operative securitisation model, Silk Road Finance programme, and is due to close at the end of February.
A spokesman for Britannia Building Society said the deal had been well-received so far.
The managing banks are JP Morgan and HSBC.
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