News
Keep up to date with the latest developments at Belmont Green.
New deal raises £300m to support the mortgage lending specialist in providing brokers and their customers with solutions to complex mortgage needs.
Belmont Green, which trades as Vida Homeloans, has announced its third residential mortgage-backed security (RMBS) of 2024, Tower Bridge Funding 2024-3, raising £300m to help drive lending growth across the specialist residential and BTL markets.
This is the thirteenth RMBS transaction from Belmont Green and was supported by Barclays, BNP Paribas, Macquarie Group, and NatWest. Attracting nearly £1bn of demand from UK and European investors, with notes being oversubscribed by between 3.2x and 5.6x across the tranches on offer.
The transaction further strengthens Vida Homeloans funding capacity in support of its ambitious growth plans.
John Rowan, CFO, Belmont Green said: “I am delighted that we have seen another successful Tower Bridge issuance, the support from our existing and new investor base is much appreciated. The market continues to be very supportive of the specialist lending sector in the UK.”
Anth Mooney, CEO commented: “This transaction continues to demonstrate the strong investor confidence in our business as we prepare to become a bank. The high level of interest we've seen reflects the strength of our loan book and our ability to consistently deliver in the specialist mortgage market. This additional funding will enable us to keep supporting brokers with tailored solutions for customers, helping more people find a place to call home.”