Belmont Green, the parent company of Vida Homeloans, has successfully raised £300m through its latest residential mortgage-backed security (RMBS), named Tower Bridge Funding 2024-2.
This marks the company’s second RMBS issuance in 2024 and its twelfth overall, signaling strong investor confidence and a robust strategy to expand its lending in the specialist residential and buy-to-let (BTL) markets.
Supported by major financial institutions including Bank of America, Barclays, Macquarie Group, NatWest, and Santander CIB, the deal attracted more than £1bn in demand from UK and European investors.
The offering was oversubscribed by between 3.6 to 5.3 times across the various tranches, underscoring the strong market appetite for Belmont Green’s securities.
John Rowan, CFO of Belmont Green, said: “We are very pleased with the investor reception; indeed, this is the strongest demand we have seen for a Tower Bridge RMBS, which is great news for us and also for the wider specialist lending sector in the UK.”
CEO Anth Mooney added: “As we continue to make progress to becoming a bank, this latest transaction further deepens our funding capacity and the investor interest is a real testament to the strength of our book.”
