Specialist lender Together has priced a £443m first-charge only residential mortgage-backed securitisation (RMBS).
The securitisation, named TABS9, is supported by a portfolio of first charge owner-occupied and buy-to-let residential mortgages on properties in England, Wales and Scotland.
It also refinances assets that are part of its £1.25bn Charles Street facility and the group’s senior secured notes.
The facility complements Together’s six public residential and three commercial real estate mortgage-backed securities, six private securitisation facilities, senior secured notes and banking syndicate facility (RCF).
The weighted average cost of placed notes is 1.48 per cent and the advance rate is 94.65 per cent.
In June this year, Together priced its 11th securitisation at £425.5m of first-charge only residential mortgages.
Gerald Grimes (pictured), group CEO designate 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 managing director and chief treasury officer at Together, added: “Over the last 12 months we have successfully added almost £1.5bn in funding to support our growth ambitions, highlighting the strength of our business model, quality of our loan book and strong ongoing support from our investors.”
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.