Belmont Green

Belmont Green prices its first securitisation since onset of Covid-19 crisis



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Belmont Green, trading as Vida Homeloans, has announced the pricing of a £350m securitisation deal.

This new deal, which has been led by Barclays, JP Morgan, NatWest Markets and Santander, is said to be one of the first since the onset of Covid-19, and the fifth RMBS transaction for Belmont Green.

Tower Bridge Funding 2020-1 saw significant appetite from prominent ABS investors, as well as attracting several high-profile additions to the programme. 

The trade included some innovative structural features, designed to mitigate any investor concerns over the impact of the pandemic. 

After taking prudent steps to protect customers and employees during the Covid-19 lockdown, this latest securitisation puts specialist lender Vida Homeloans in a position to return to new lending.  

Anth Mooney, CEO at Belmont Green, said it was delighted to have seen such strong demand from investors. 

He stated that the pandemic has had an unprecedented impact on the UK mortgage market. 

“The virus and the subsequent lockdown effectively closed the securitisation markets, so our deal can be seen as an important staging post in the recovery of market confidence.

“Our responsibility as a specialist lender at this time is to help people with what are real life circumstances.

“Vida Homeloans can now look forward and re-focus on the vital role it plays in supporting Britain’s many underserved borrowers, from key workers to single parents to the self-employed.”

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