LendInvest completes £300m buy-to-let mortgage securitisation

LendInvest plc has successfully completed its eighth residential mortgage-backed securitisation, Mortimer 2026-1 Plc, under its Mortimer programme. The £300m deal is backed by a £265 million portfolio of 1,240 UK prime buy-to-let mortgage loans, with additional £35 million in pre-funding. The transaction attracted strong institutional investor demand, with Class A, B, and C notes being 2.5, 3.8, and 4.4 times oversubscribed, respectively.

The Class A notes, rated AAA by Fitch and Morningstar DBRS, priced at 82 basis points over SONIA, while the weighted average cost of funding was 88 basis points, down from 92 basis points for the previous Mortimer 2025-1 securitisation. LendInvest's Mortimer programme has enabled the company to access institutional capital markets funding since its first transaction in 2019, and the successful completion of this eighth securitisation further demonstrates the strength of LendInvest's access to institutional capital.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.