Vida Homeloans completes £308m securitisation

Ryan Bembridge

May 1, 2018

Vida Homeloans has completed a £308m mortgage-backed securitisation.

Belmont Green, known by its trading name Vida Homeloanscompleted in excess of £400m of residential and buy-to-let lending in its first year of trading in the year to December 2017.

The deal was led by NatWest Markets and Macquarie Bank and co-managed by Barclays.

David Tweedy, chief executive 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.”

Vida’s last securitisation was in October 2017 and raised £231m of funding.

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