Together Financial Services Limited has priced its £425.5m first charge residential mortgage backed securitisation (RMBS), Together Asset Backed Securitisation 2023 – 1ST1 PLC RMBS (TABS8).
This was Together’s eighth successful RMBS since 2017 and its 11th mortgage-backed securitisation overall.
Gerald Grimes (pictured), group CEO designate at Together, said: “We are delighted to announce the pricing of our TABS8 residential mortgage backed securitisation which will further support our residential owner occupier and buy-to-let customers in realising their property ambitions.”
Gary Beckett, group managing director and chief treasury officer at Together, added: “TABS8 is our eighth RMBS and our eleventh public securitisation overall since 2017, underlining the quality of our loan book and the ongoing strong support from our funding partners.”
Over the past 12 months, Together has raised or refinanced over £1.6bn of facilities across 4 transactions.
TABS8 is supported by a portfolio of 1st charge owner-occupied and buy-to-let residential mortgages, secured against properties in England, Wales and Scotland, and refinances assets forming part of the Group’s AA rated £1.25bn Charles Street facility (CABS) and the group’s senior secured notes.
The new facility complements the Group’s existing five public residential and three commercial real estate MBS, six private securitisation facilities, senior secured notes and banking syndicate facility.
