Belmont Green Finance completes second UK mortgage-backed securitisation for £308m

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Belmont Green, the leading specialist mortgage originator, has today announced that it has completed a £308m UK mortgage-backed securitisation led by NatWest Markets and Macquarie Bank and co-managed by Barclays.  Belmont Green, which trades in the UK mortgage market under the Vida Homeloans brand, originates both residential and buy-to-let mortgages and completed in excess of £400m of mortgage lending in its first full year of trading to December 2017.

David Tweedy, Chief Executive Officer, 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.”