Announcement of Securitisation Transaction
Priced fifth securitisation of £410 million UK buy-to-let mortgages; FuM to reach £4.2 billion at close.
- Securitisation transaction size £410 million
- Funds under Management post-close £4.2 billion
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LendInvest plc
Announcement of Fifth Securitisation Transaction
LendInvest plc (LSE: LINV, "LendInvest"), a leading platform for mortgages and the ultimate holding company of LendInvest BTL Limited, today announces that LendInvest BTL Limited has priced the group's fifth securitisation of £410 million of UK prime Buy-to-Let mortgage loans in an oversubscribed Residential Mortgage Backed Security (RMBS) transaction.
The transaction is expected to close on 29th November 2023, and upon closing total Funds under Management (FuM) will increase to £4.2 billion.
National Australia Bank and Lloyds acted as Joint Arrangers. Barclays, Citi, HSBC, Lloyds, National Australia Bank Limited, Wells Fargo Securities acted as Joint Lead Managers
Rod Lockhart, Chief Executive Officer of LendInvest, said: "We're pleased to have priced LendInvest's fifth and largest securitisation transaction to date, which has drawn significant appetite from investors even during challenging market conditions, demonstrating the continued attractiveness of the asset class.
"LendInvest continues to leverage its technology platform to provide disruptive solutions in the mortgage market, giving us a competitive edge with brokers and borrowers and helping us to continue to attract diverse sources of capital."
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