Hampshire Trust Bank (HTB) has completed its first mortgage securitisation, Winchester No.1, a £300m transaction which marked a milestone in the bank’s strategic development.
The securities were backed by a portfolio of buy-to-let mortgage loans originated by HTB.
HTB said the transaction underscored the market’s confidence in its strong credit performance and stringent underwriting standards, while reinforcing the bank’s robust financial position.
Matthew Wyles (pictured), HTB’s chief executive officer, said: “This is an important milestone in the development of HTB.
“Our first mortgage securitisation is a critical step in further diversifying our funding sources, bolstering our capital base and providing a sound platform for our ongoing profitable growth.
“It was particularly pleasing to see such strong demand from investors.”
