Belmont Green completes £231m UK mortgage-backed securitisation

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.

“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.”