The £318m RMBS — which is supported by a portfolio of owner-occupied and BTL residential mortgages, secured against properties in England, Wales and Scotland — is Together’s seventh mortgage-backed securitisation since 2017.
Since the beginning of 2021, the specialist lender has successfully raised or refinanced over £1.9bn of facilities to support its lending activities.
Gerald Grimes, group CEO designate at Together (pictured above), said that the securitisation will provide “significant additional headroom” to increase its residential lending.
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Gary Beckett, group managing director and chief treasury officer at Together, added: “This is our sixth funding transaction since January and our seventh public MBS since 2017, underlining the quality and depth of our loan book and the continued support for the Together growth story.”
Pete Ball, personal finance CEO at Together, commented: “The Covid-19 pandemic will undoubtedly have had an impact on the finances and property aspirations of many potential borrowers.
“However, we believe that this shouldn’t mean that they should be locked out of the mortgage market.
“Our latest securitisation will allow us to provide finance to more of the UK’s underserved borrowers to help them to achieve their residential property ambitions.”
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