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Belmont Green issues first securitisation of the year

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  • 11/01/2024
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Belmont Green issues first securitisation of the year
Belmont Green, trading as Vida Homeloans, has raised £300m in its first residential mortgage-backed securitisation (RMBS) of the year.

The capital raised from Tower Bridge Funding 2024-1 will support Vida Homeloans in boosting its lending in the specialist residential and buy-to-let markets. The transaction was supported by Barclays, Santander and Macquarie. It is the 11th RMBS transaction completed by Belmont Green, with the most recent being in May last year. This raised £400m. 

 

Belmont Green: ‘Supporting the specialist market’

Anth Mooney (pictured), CEO of Belmont Green, said: “We are delighted to start the year having completed another successful RMBS transaction, which will allow us to support the specialist lending market in 2024 as we continue on our journey to become a bank.” 

Vida Homeloans began working on its banking licence application at the end of 2021 and in October 2022, underwent a strategic review. 

In recent months, Vida Homeloans has enhanced its product offering with reduced rates and changes to its criteria such as the expansion of its expat country list and the increase of the maximum borrower age and mortgage term. 

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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

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