The specialist lender says the deal, called CRE5, is its fifth public small balance securitisation covering commercial, residential and mixed-use properties in England, Wales and Scotland. 

The portfolio is 98% made up of first mortgages, with the rest coming from second charge loans, it said in a stock market statement. It adds that 33.5% of the underlying borrowers in the package are self-employed.  

Together group managing director and chief treasury officer Gary Beckett says: “We are delighted to announce the successful pricing of our latest small balance commercial real estate mortgage-backed securitisation, the £522.2m, CRE5, which will further increase our support for UK small businesses.  

“Issuing two public mortgage-backed security transactions and two private transactions in the space of two months Together will have raised or refinanced £2.4bn since the start of the calendar year, highlighting the quality of our loan book and the ongoing support from our investors.” 

The deal adds to the group’s existing 12 public mortgage-backed securitisations, seven private securitisations, senior secured notes and revolving credit facility.