Shawbrook Bank has completed a £352m fully retained securitisation of Bluestone Mortgages-originated loans, which will increase its wholesale funding options.
The pool is made up of 2,094 owner-occupied and buy-to-let mortgages secured against properties in England, Wales and Scotland. The loans were originated by Bluestone.
It is the inaugural securitisation of mortgages originated by Bluestone and Shawbrook said this would help “support the group’s growth objectives, funding strategy and capital management”.
The transaction is the fourth securitisation the firm has completed in recent years, including a £343m buy-to-let securitisation of The Mortgage Lender loans last year.
Dylan Minto, Shawbrook’s chief financial officer, said: “We are delighted to have successfully completed this transaction as it further supports our funding diversification strategy, positions Shawbrook as a solid repeat issuer into the debt capital markets and provides optionality to our Platform Lending origination channel as we widen our Originate to Distribute proposition.
“This transaction increases the contingent wholesale funding options available to us and provides further evidence of how our engagement with wholesale markets is providing valuable optionality within both our funding and income strategies.”
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.