Shawbrook Bank has completed the securitisation of a portfolio of buy-to-let mortgage loans originated by The Mortgage Lender.
The Lanebrook Mortgage Transaction 2022-1 comprised of 2,452 loans against properties in England, Wales and Scotland and raised £346m.
This will give Shawbrook additional funding to support its growth and further diversify its funding base. The bank acquired The Mortgage Lender in May last year.
It is the fifth securitisation Shawbrook has completed since 2019.
“Repeat issuer in the debt capital markets”
Dylan Minto, chief financial officer at Shawbrook, said: “We are pleased to have successfully completed this transaction as it represents strategic diversification of our funding profile, whilst validating the high quality of our asset base. As Shawbrook’s fifth securitisation to date, this positions us as a solid repeat issuer in the debt capital markets.
“This transaction significantly increases the contingent wholesale funding options available to us and provides evidence that our advanced liability management approach is offering valuable optionality to our business model.”
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