Belmont completes £500m securitisation

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  • 11/07/2019
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Belmont completes £500m securitisation
Belmont Green Finance, parent firm of Vida Homeloans, has completed a £500m mortgage-backed securitisation.

The transaction is the fourth in the group’s Tower Bridge programme, which has seen it securitise a total of £1.54bn of buy-to-let and specialist owner-occupied loans in a little over two years.

The deal was led by Barclays, JP Morgan, Santander and Macquarie Bank.

David Tweedy (pictured), chief executive officer at Belmont Green Finance, said this was a “hugely significant step” in the firm’s plan to become a regular issuer of residential mortgage-backed securities, particularly at a time when “some competitors have had difficulty” with their own funding strategies.

Tweedy continued: “This transaction shows investor demand for Belmont Green’s securitised assets across all classes of notes and demonstrates that investors are confident in both our Capital Markets programme and what we are achieving with the Vida Homeloans brand in the specialist UK mortgage market.”

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