Quantum Mortgages has completed its second securitisation, just 10 months after its first deal in 2024.
The buy-to-let (BTL) lender has now reached over £500m of assets in its Bletchley Park Funding programme.
The latest deal, Bletchley Park Funding 2025-1, included £278m of UK BTL loans.
The firm saw increased demand for this issue, with all bonds oversubscribed.
Senior notes were priced at 0.77% over the Sterling Overnight Index Average (SONIA), which was the tightest pricing for a UK BTL securitisation since Quantum Mortgages launched in 2022.
Backers included UK and international clearing banks, challenger banks, investment banks, asset managers, and fund managers.
HSBC was sole arranger, with Lloyds and Citi as joint lead managers.
ABCarval, Quantum’s funding partner, sponsored the transaction.
Jason Neale (pictured), founder and CEO at Quantum Mortgages, said: “We are delighted to complete our 2nd securitisation, especially so soon after our inaugural deal last summer.
“The huge interest and demand from the investor community confirms our position as an established expert in providing finance for professional landlords and the pricing of the deal reflects the quality and diligent work our team produce every day.
“The continued high demand for assets backed by UK Buy to Let mortgages, is not only great news for us but all UK Non-Bank lenders who rely on the capital markets for funding.
Neale added: “Greater demand allows us all to continue to grow and innovate while reducing our cost of funds to provide better value products for landlords.”
