Foundation Home Loans has completed its fourth securitisation under the Twin Bridges platform since its inception in 2017.
The Twin Bridges 2019-2 securitisation was the specialist lender’s third this year and its first Sterling Overnight Interbank Average Rate (SONIA) trade.
The lender said this reflected significant growth in origination it had developed during the year.
The trade attracted 31 orders totaling £850m, with all tranches of the £300m transaction oversubscribed at least twice.
A third of orders were from non-UK investors.
The transaction followed on from the lender’s securing £750m in new and renewed committed warehouse funding. It provides Foundation with capacity to fulfil its planned originations into 2021, even in the event of a closed securitisation market.
Hans Geberbauer, chief executive of Foundation Home Loans, said: “We are acutely aware that these are challenging times for the market and therefore the confidence our investors are showing in our proposition is testament to the quality of our operation and the strength of our treasury team.
“The further good news is that, regardless of future events, we now have the committed warehouse funding capacity to deliver our ambitious lending growth through to 2021.”
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.
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