Belmont Green has completed a £308m UK mortgage-backed securitisation led by NatWest Markets and Macquarie Bank and co-managed by Barclays.
The firm, which trades in the UK mortgage market under the Vida Homeloans brand, completed in excess of £400m of mortgage lending in its first full year of trading to December 2017.
David Tweedy (pictured), CEO of Vida Homeloans, said: “Tower Bridge Funding No.2 – Belmont Green’s second UK residential mortgage backed securitisation – has completed smoothly at a price we are happy with. This transaction is another key milestone in Belmont Green’s plan to become a regular issuer of residential mortgage-backed securities.
“This transaction is a sign of significant investor demand for Belmont Green’s securitised assets and a further vote of confidence in what Belmont Green is looking to achieve with the Vida Homeloans mortgage market brand.
“Since its launch in October 2016, Vida has become a specialist lender of choice for brokers looking to place specialist residential and buy-to-let mortgage business. Our Capital Markets programme will support us in writing more business and helping more borrowers.”
