The £425.5 million first charge only RMBS is its 11th mortgage backed securitisation overall
Specialist mortgage lender Together has announced the pricing of its newest first charge only residential mortgage-backed securitisation (RMBS).
The £425.5 million first charge only RMBS, called Together Asset Backed Securitisation 2023 – 1ST1 PLC RMBS (TABS8), is the group’s eighth successful RMBS since 2017 and 11th mortgage-backed securitisation overall.
“We are delighted to announce the pricing of our TABS8 residential mortgage-backed securitisation which will further support our residential owner occupier and buy-to-let customers in realising their property ambitions,” commented Gerald Grimes (pictured), group chief executive designate at Together.
Gary Beckett, group managing director and chief treasury officer at Together, added that TABS8 underlined the quality of its loan book and the ongoing strong support from its funding partners.
We’re pleased to announce the pricing of our £425.5 million TABS8 RMBS.
— Together (@Together_Money) June 30, 2023
Group CEO Designate, Gerald Grimes said that TABS8: “will further support our residential owner occupier and buy-to-let customers in realising their property ambitions.”https://t.co/5UgSmCuyFu pic.twitter.com/JR2LJugMCF
According to the lender, it raised or refinanced over £1.6 billion of facilities across four transactions over the past 12 months, as it continued to diversify and extend its funding profile.
It also said that TABS8 was supported by a portfolio of first charge owner-occupied and buy-to-let residential mortgages, secured against properties in England, Wales, and Scotland, and refinanced assets forming part of the group’s AA rated £1.25 billion Charles Street facility (CABS) and the group’s senior secured notes.
The new facility complemented the group’s existing five public residential and three commercial real estate mortgage-backed securitisation, six private securitisation facilities, senior secured notes, and banking syndicate facility.
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