LendInvest has completed its eighth residential mortgage-backed securitisation (RMBS) under its Mortimer programme.
The transaction is backed by a £265 million portfolio of 1,240 UK prime buy-to-let mortgage loans, with an additional £35m of pre-fund.
Mortimer 2026-1 is also LendInvest’s first securitisation to qualify as a UK Simple, Transparent and Standardised (STS) securitisation. The STS framework is designed to make securitisations easier for investors to understand and assess and, subject to applicable requirements, can provide preferential capital treatment for certain investors. The designation broadens the potential institutional investor base for LendInvest’s mortgage assets, including bank treasury investors.
The transaction provides an additional route for LendInvest to recycle capital and support future mortgage origination, alongside its broader range of institutional funding partnerships, bank facilities and capital markets funding.
Rod Lockhart (pictured), CEO of LendInvest, commented: “The successful completion of our eighth Mortimer securitisation demonstrates the strength of LendInvest’s access to institutional capital. We saw strong demand across the capital structure and achieved a lower overall cost of funding than last year’s transaction, despite a more challenging market environment.
“This is also our first UK STS securitisation, broadening the potential investor base for our assets and further strengthening the Mortimer programme as an important part of our funding platform.
“The strength of demand across the capital structure, including from bank treasury investors, reflects the broad institutional appetite for LendInvest’s mortgage assets. It also demonstrates the strength and depth of the investor relationships we have built through the Mortimer programme.”
