Specialist lender Together has priced its £378m first charge-only residential mortgage-backed securitisation (RMBS), the second of these transactions this year.
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.
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.