Belmont Green – which trades in the UK under the Vida Homeloans brand – provides residential and buy-to-let mortgages.
Since launching into the intermediary mortgage market in September 2016, the specialist mortgage originator has completed more than £300m of mortgage lending.
David Tweedy, chief executive of Vida Homeloans, said: “Tower Bridge Funding No 1 – Belmont Green’s first-ever UK residential mortgage-backed securitisation – has completed smoothly and quickly.
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“Indeed, we believe that this may be one of the fastest UK mortgage-backed securitisations from a lender’s launch that the market has ever seen.
“This transaction is a key milestone in Belmont Green’s plan to become a regular issuer of RMBS.
“This transaction is a sign of significant investor demand for Belmont Green’s strategy and a vote of confidence in what Belmont Green is looking to achieve with the Vida brand.
“Since its launch just over a year ago, Vida has become a go-to option for brokers looking to place specialist residential and buy-to-let mortgage business for customers with specialised lending requirements, and we’re confident that new presence as a capital markets issuer will support us in writing more business and helping more borrowers.”
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