Vida completes £231m mortgage-backed securitisation

Ryan Bembridge

October 25, 2017

Belmont Green – which trades as Vida Homeloans – has completed a £231m UK mortgage-backed securitisation led by NatWest Markets and Macquarie Bank.

Vida launched in September 2016 and has since completed in excess of £300m of residential and buy-to-let mortgage lending.

David Tweedy, chief executive of Vida Homeloans, said: “Tower Bridge Funding No.1 – Belmont Green’s first ever UK residential mortgage backed securitisation – has completed smoothly and quickly.

“Indeed, we believe that this may be one of the fastest UK mortgage backed securitisations from a lender’s launch that the market has ever seen. This transaction is a key milestone in Belmont Green’s plan to become a regular issuer of RMBS.

“This transaction is a sign of significant investor demand for Belmont Green’s strategy and a vote of confidence in what Belmont Green is looking to achieve with the Vida brand.

“Since its launch just over a year ago, Vida has become a go-to option for brokers looking to place specialist residential and buy-to-let mortgage business for customers with specialised lending requirements, and we’re confident that new presence as a capital markets Issuer will support us in writing more business and helping more borrowers.”

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