Bluestone Mortgages has completed a £250m residential mortgage-backed securitisation deal, its first in two-and-a-half years.
The deal refinances portfolios of loans held in two warehouse structures and is made up of owner-occupied and buy-to-let mortgages on properties in England, Wales and Scotland.
The lender said the securitisation marked a “significant milestone” after its absence from the market due to Covid-19.
Its last securitisation was made in 2019 and raised £210m in rated term funding. At the time, it said the transaction showed a diversification of the company’s funding strategy.
The latest transaction was arranged and distributed by Macquarie Bank and National Australia Bank. Dentons acted as the adviser.
Andrew Voss, chief financial officer at Bluestone Mortgages, said: “Despite challenging economic conditions, we are pleased to have completed this milestone transaction which has been supported by core investors.
“This is our second securitisation to date and will be a significant step forward to ensure we are in a robust funding position to support the growing number of underserved customers we are seeing in the market.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
