Belmont Green closes third RMBS of 2024

Published on

Belmont Green, which trades as Vida Homeloans, has announced its third residential mortgage-backed security (RMBS) of 2024, Tower Bridge Funding 2024-3.

The securitisation has raised £300m to help drive lending growth across the specialist residential and buy-to-let markets.

This is the 13th RMBS transaction from Belmont Green and was supported by Barclays, BNP Paribas, Macquarie Group, and NatWest.

It attracted nearly £1bn of demand from UK and European investors, with notes being oversubscribed by between 3.2x and 5.6x across the tranches on offer.

John Rowan, CFO at Belmont Green, said: “I am delighted that we have seen another successful Tower Bridge issuance, the support from our existing and new investor base is much appreciated. The market continues to be very supportive of the specialist lending sector in the UK.”

Anth Mooney (pictured), Belmont Green’s CEO, added: “This transaction continues to demonstrate the strong investor confidence in our business as we prepare to become a bank. The high level of interest we’ve seen reflects the strength of our loan book and our ability to consistently deliver in the specialist mortgage market.

“This additional funding will enable us to keep supporting brokers with tailored solutions for customers, helping more people find a place to call home.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

More2life unveils Tailored Interest Reward lifetime mortgage

More2life has launched its latest lifetime mortgage, Tailored Interest Reward, designed to provide later...

Pivot provides complex multi-loan deal for Denby Dale development

Pivot has completed a funding package consisting of three loans for a residential development...

HREF reports record month for lending

Hilco Real Estate Finance (HREF) has recorded its strongest month to date, completing three...

Mortgage advisers failing over-50s on later life lending, Key warns

Mortgage advisers are not doing enough to support over-50s with later life lending options,...

Other news

More2life unveils Tailored Interest Reward lifetime mortgage

More2life has launched its latest lifetime mortgage, Tailored Interest Reward, designed to provide later...

Pivot provides complex multi-loan deal for Denby Dale development

Pivot has completed a funding package consisting of three loans for a residential development...

HREF reports record month for lending

Hilco Real Estate Finance (HREF) has recorded its strongest month to date, completing three...