Its Tower Bridge Funding 2023-1 package of mortgage loans is the ninth RMBS deal from Belmont Green and was supported by Bank of America, Barclays, Macquarie Group, NatWest and Santander.  

The securitisation attracted over £900m of demand from UK and international investors, with notes being oversubscribed by between 2.5 times and 6.1 times across the tranches on offer. 

The group says the move, together with a prior £900m expansion of warehouse facilities, further strengthens Vida Homeloans’ funding capacity. 

Belmont Green and Vida Homeloans chief executive Anth Mooney says: “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”. 

Belmont Green chief financial officer John Rowan adds: “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”.