"As we start 2023, this transaction provides us with a deep funding capacity that will allow us to support the specialist lending market."
Belmont Green, the parent company of Vida Homeloans, has priced its first residential mortgage-backed security (RMBS) of 2023, raising £350m to help drive lending growth across the specialist residential and buy-to-let markets.
This is the ninth RMBS transaction from Belmont Green and was supported by Bank of America, Barclays, Macquarie Group, NatWest and Santander.
The transaction, together with an expanded £900m of warehouse facilities, further strengthens Vida Homeloans funding capacity.
John Rowan, CFO at Belmont Green, said: “We were very pleased with the investor reception for what was again the first specialist mortgage deal of the new year. The pricing of the transaction and the demand from investors is a testament to the strength of our portfolio, their confidence in our platform and the wider specialist lending sector in the UK.”
Anth Mooney, CEO, commented: “We transformed our intermediary service delivery in 2022 and as we start 2023, this transaction provides us with a deep funding capacity that will allow us to support the specialist lending market. Together with our strong service levels and excellent feedback from our intermediary partners, we go into the year with continued confidence as we move forward on our journey to become a bank.”
