Pepper Money has raised £545 million through the capital markets as part of its ongoing securitisation programme.
The specialist lender said the residential mortgage-backed securities transaction was issued under its Polaris programme.
The deal securitised a pool of UK residential mortgage loans, comprising a mix of owner-occupied and buy-to-let mortgages.
Pepper Money said recent issuances had attracted strong demand from a broad range of investors, with funding from the latest transaction set to support its continued lending and growth in the mortgage market.
The lender offers specialist mortgage products in the UK, including residential, buy-to-let and second charge lending, primarily distributed through intermediaries.
Andy Voss, chief financial officer at Pepper Money, said: “We are delighted to have successfully closed our third RMBS transaction of the year, particularly against a backdrop of ongoing market volatility and geopolitical uncertainty.
“As we continue to support borrowers under-served by traditional lenders, this funding will help further our mission to drive greater financial inclusion across the UK housing market.
“The transaction attracted strong interest from a broad base of investors, reflecting the strength of our proposition and confidence in our platform.
“It also marks another important milestone in the growth of our capital markets programme, supporting our ambition to be a consistent, through-the-cycle issuer.”
