Vida Homeloans has completed a £308m mortgage-backed securitisation.
Belmont Green, known by its trading name Vida Homeloans,completed 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.
