Aldermore raises £325m from mortgage securisation

Ryan Bembridge

September 25, 2018

uk finance

Aldermore has raised £325m from residential mortgage-backed securities.

‘Oak 2’ is Aldermore’s second securitisation after its first in 2014, when it raised £333m.

Stephen Grainger, group treasurer at Aldermore, said: “This is a fantastic achievement for the bank in showing its continued diversification and access to wholesale markets despite a four-year absence from the securitisation market.

“The proceeds will support our loan book growth to SMEs, homeowners, landlords and individuals as we continue to provide them with ‘banking as it should be’”.

Aldermore’s net lending reached £9bn for the 18 months to 30 June 2018.

Sign up to our daily email