Home News Belmont Green prices second securitisation deal of 2021 13 July 2021 The new deal will support the mortgage lending specialist in providing brokers and their clients with solutions to complex mortgage needs Belmont Green Finance Limited, trading as Vida Homeloans, concluded its second Residential Mortgage-Backed Securities (RMBS) transaction of the year, Tower Bridge Funding 2021-2, raising £300m from a mixed pool of BTL and owner-occupied mortgages. This transaction follows the success of Tower Bridge Funding 2021-1 in March, and was supported by Natwest, Santander, Barclays, and Bank of America. The transaction attracted strong interest from investors, with the five classes of notes issued being oversubscribed by between 1.9x and 6.8x, and we also welcomed a number of new investors to the programme. This strong market demand helped Belmont Green to achieve its lowest cost funding to date, with the Senior Notes pricing at 78 basis points over Sterling Overnight Index Average (SONIA). Anth Mooney, CEO, Belmont Green, said: “With the COVID-19 crisis increasingly looking like it is receding, people are focusing their attention more on how to navigate the “new normal”, and for many that means reassessing their living circumstances. As the mortgage lending specialist for customers with complex mortgage needs, Vida is well placed to support them. This latest RMBS deal and our resulting lower cost of funding allows us to help many more customers and in the longer term, supports our growth ambitions as we work towards seeking authorisation as a bank from the PRA.” John Rowan, CFO, added: “The pricing of and strong support for our latest securitisation transaction clearly indicates that investors are recognising our strong potential for growth. We are continuing to broaden our investor base and it is encouraging to see strong demand across all the notes with improved pricing as more investors gain confidence in our track record.” Return to News Contact Us Telephone: 01784 461 561 Email: info@belmontgreen.co.uk 1 Bridge Street, Staines-upon-Thames Surrey TW18 4TW About Us Team Executive Committee Board Members Investor Centre Securitisation History Transaction Details Investor Contacts Corporate Responsibility News Careers Contact Belmont Green is a trading style of Belmont Green Finance Limited, registered in England and Wales no. 09837692. Registered office: 1 Bridge Street, Staines-upon-Thames, Surrey TW18 4TW. Belmont Green Finance Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register Firm Reference 738741 Privacy Policy Cookie policy Modern Slavery Agreement Women in finance Cookie Control Icon