Cheadle based specialist property lender, Together, has announced the successful pricing of a £378 million residential mortgage backed securitisation (RMBS).
The TABS11 facility is Together’s second RMBS pricing of 2024 after a previous £302 million facility was priced in January. It is supported by a portfolio of 1st charge owner occupied and buy-to-let loans secured against residential property in England, Scotland and Wales and refinances assets in the Cheadle lender’s 2022 Fairway Asset Backed Securitisation 1 Limited facility.
Mike McTighe, Chairman of Together commented:
“We are delighted to announce the successful pricing of our second RMBS this year, which will help us to support more residential owner occupier and buy-to-let customers in realising their ambitions.”
Gary Beckett, Group MD and Chief Treasury Officer at Together, added:
“Since the start of our financial year in July, we have now raised or refinanced over £3.2 billion across eight transactions as we continue to add depth of funding and maturity to support our lending ambitions. This highlights the strength of our business model, quality of our loan book and strong ongoing support from our investors.”
The new facility complements Together’s existing seven public residential and four commercial real estate MBS, six private securitisation facilities, senior secured notes and banking syndicate facility (RCF).
BNPP and Wells Fargo acted as Co-arrangers and Joint Lead Managers accompanied by Santander as
Joint Lead Managers.
Greater Manchester launches Local Nature Recovery Strategy 
Work begins on multi-million pound revamp of Manchester Airport’s Terminal 3 
National shortlisting for Stockport NHS capital projects team