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Belmont Green raises £300m in latest securitisation deal

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  • 23/04/2024
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Belmont Green raises £300m in latest securitisation deal
Belmont Green, parent company of Vida Homeloans, has announced its second residential mortgage-backed securitisation (RMBS) of this year.

The Tower Bridge Funding 2024-2 has raised £300m, which will support the group’s growth in lending across specialist residential and buy-to-let (BTL) markets to serve borrowers with complex needs. 

This is the 12th RMBS transaction from Belmont Green overall, and was backed by the Bank of America, Barclays, Macquarie Group, Natwest, and Santander CIB. 

It attracted more than £1bn in demand from investors across the UK and Europe, and was oversubscribed by between 3.6 times and 5.3 times across the tranches on offer. 

 

‘Strongest demand’ for RMBS 

John Rowan, CFO of Belmont Green, said: “We are very pleased with the investor reception; indeed, this is the strongest demand we have seen for a Tower Bridge RMBS, which is great news for us and also for the wider specialist lending sector in the UK.” 

Anth Mooney (pictured), CEO of Belmont Green, added: “As we continue to make progress to becoming a bank, this latest transaction further deepens our funding capacity, and the investor interest is a real testament to the strength of our book.”

The group issued its first securitisation of the year in January, which also raised £300m. 

Belmont Green said the latest transaction would strengthen the lending capacity of Vida Homeloans and support its growth plans. 

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