The Mortgage Lender has signed a second warehousing facility with TwentyFour Asset Management and HSBC that will fund the continued forward flow of its residential mortgage origination following the Barley Hill No.1 securitisation earlier this year.
The facility is expected to lead to a further public securitisation, likely to be the second Barley Hill transaction. The first Barley Hill transaction securitised a pool of £238.5m UK residential mortgages originated by The Mortgage Lender since it began lending in late 2016. The oversubscribed deal included £202.2m of notes (equivalent to 87 per cent of the pool) rated Aaa/AAA by Moody’s and DBRS.
The Mortgage Lender deputy chief executive, Peter Beaumont (pictured), said: “Our second warehousing facility underlines our success and commitment to the residential lending market. It follows our best month ever for applications and completions in July and our first oversubscribed securitisation earlier this year.
“Through listening to our broker partners, expanding the sales and underwriting teams and putting more resource into product development we are maturing into a lender that is known for its desire to do things differently and one that has a pragmatic approach to borrower circumstances in a changing world.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
