New deal raises £300m to support the mortgage lending specialist in providing brokers and their customers with solutions to complex mortgage needs.

Belmont Green, trading as Vida Homeloans, has issued its first residential mortgage-backed security (RMBS) of 2024, Tower Bridge Funding 2024-1, raising £300m to help drive lending growth across the specialist residential and BTL markets.

This is the eleventh RMBS transaction from Belmont Green and was supported by Barclays, Macquarie and Santander. Following a reverse enquiry, the senior and mezzanine notes were wholly placed at compelling levels.

The transaction, together with warehouse facilities, further strengthens Vida Homeloans’ funding capacity to support the growth and development of the business and its purpose to help more people find a place to call home.

Anth Mooney, CEO commented: “We are delighted to start the year having completed another successful RMBS transaction, which will allow us to support the specialist lending market in 2024 as we continue on our journey to become a bank.”