Belmont Green, which trades as Vida Homeloans, has issued its first residential mortgage-backed security (RMBS) of 2024.

Tower Bridge Funding 2024-1 raised £300m to help drive lending growth across the specialist residential and buy-to-let markets.

This is the eleventh RMBS transaction from Belmont Green and was supported by Barclays, Macquarie, and Santander.

The transaction, together with warehouse facilities, strengthens Vida Homeloans’ funding capacity to support the growth and development of the business.

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.”