Together has priced its first residential mortgage securitization at £ 318million.
The portfolio consists of a portfolio of owner-occupied and rental residential mortgages secured by properties in England, Wales and Scotland.
The Cheadle-based specialist lender has raised or refinanced more than £ 1.9bn since the start of this year to support its loans.
Together Chief Financial Officer Pete Ball said, “This is our seventh mortgage-backed securitization since 2017, but our first is only first mortgages.
“This will give us additional leeway to increase our residential loans as we continue to shape our successful business for the future. “
The company has a loan portfolio of around £ 4 billion, which it says provides commercial finance, as well as personal mortgages and secured loans for borrowers who may not be able to afford it. access financing through traditional lenders.
Ball adds, “The Covid-19 pandemic will undoubtedly have had an impact on the finances and real estate aspirations of many potential borrowers.
“However, we think that shouldn’t mean they should be shut out of the mortgage market.
“Our latest securitization will allow us to fund more underserved UK borrowers to help them achieve their residential real estate ambitions.
Together they have posted record monthly loans since the start of the UK’s first foreclosure of £ 190.3million in the quarter through June. The group’s average monthly loans increased 17.1% for the three months ended June compared to the previous quarter.
The company will release its annual results on September 16.