Transaction Overview
LendInvest has completed a £285 million securitisation of prime buy-to-let (BTL) and residential mortgages. The transaction, titled “Mortimer 2024-Mix Plc,” reflects the platform lender’s ongoing success in the UK’s mortgage-backed securities market.
Investor Confidence
The package was oversubscribed, with 17 institutional investors participating in the deal. The senior tranche of the securitisation was priced at 83 basis points above the Sterling Overnight Index Average (Sonia), demonstrating strong market confidence in LendInvest’s asset quality and underwriting standards. This marks the firm’s sixth consecutive annual securitisation since launching its programme in 2019.
LendInvest’s Performance
The deal brings LendInvest’s total funds under management to £4.67 billion, further cementing its position as a leading alternative lender in the UK property finance sector.
CEO Comments
Rod Lockhart, CEO of LendInvest, commented: “This milestone highlights the market’s trust in our platform and our commitment to delivering high-quality assets. The inclusion of owner-occupied loans in our securitisation programme underscores our expanding residential mortgage-backed securities range and ability to provide value to investors.”
The announcement comes in the wake of Chancellor Rachel Reeves’ recent Budget, which raised the stamp duty surcharge on second homes and investment properties to 5% from 3%. Despite these regulatory changes, LendInvest has reported robust growth, with buy-to-let mortgage offers increasing by 270% year-on-year.
Lockhart added: “While macroeconomic conditions remain uncertain, our performance demonstrates the resilience of the buy-to-let market and the effectiveness of our strategy. We continue to see strong demand from borrowers and investors alike.”
Market Analysis
Market analysts suggest that LendInvest’s focus on technology-driven lending and prudent risk management has positioned it as a key player in the UK mortgage market. With its latest securitisation, the firm continues to showcase its ability to adapt and thrive in a competitive financial ecosystem.
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