Together prices £378m first charge securitisation

The lender said that securitisation facility, TABS11, complements its existing seven public residential and four commercial real estate MBS, six private securitisation facilities, senior secured notes and banking syndicate facility.

It is a portfolio of first charge owner-occupied and buy-to-let loans secured against residential property in England, Scotland and Wales and refinance assets in its Fairway Asset Backed Securitisation 1 Limited, which was launched in December 2022.

Mike McTighe, chairman of Together, said: “We are delighted to announce the successful pricing of our second RMBS this year, which will help us to support more residential owner occupier and buy-to-let customers in realising their ambitions.”

Gary Beckett, group MD and chief treasury officer at Together, added: “Since the start of our financial year in July, we have now raised or refinanced over £3.2bn across eight transactions as we continue to add depth of funding and maturity to support our lending ambitions.

“This highlights the strength of our business model, quality of our loan book and strong ongoing support from our investors.”

BNPP and Wells Fargo were co-arrangers and joint lead managers accompanied by Santander as joint lead managers.