Cheadle-based specialist property lender, Together, has announced it has the successful pricing of its £276.8 million 2nd charge only residential mortgage backed securitisation (RMBS), TABS13.
TABS13 is supported by a portfolio of 2nd charge owner occupied and buy-to-let loans secured against
residential property. It refinances assets forming part of the Group’s £387 million Wilmslow ABS facility and the Group’s senior secured notes.
The new facility complements the Group’s existing nine public residential and four commercial real estate MBS, seven private securitisation facilities, senior secured notes and banking syndicate facility (RCF).
Gary Beckett, Group MD and Chief Treasury Officer at Together, commented:
“We are delighted to announce the successful pricing of our first public RMBS this year as we continue to support more residential owner occupier and buy-to-let customers in realising their ambitions. Since the start of this calendar year, we have already successfully raised or refinanced over £1.87 billion across three transactions, as we continue to strengthen and diversify our funding programme to support our future growth strategy.”
BNP Paribas acted as Arrangers and Joint Lead Managers accompanied by HSBC, Santander and Wells
Fargo as Joint Lead Managers.
The successful pricing of the RMBS facility follows the successful upsizing of the lender’s £1.25 billion Charles Street securitisation in January 2025, while in 2024, Together raised or refinanced over £3.3 billion of facilities across seven transactions.
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