Keystone completes sixth securitisation

Keystone Property Finance has completed its sixth securitisation, Hops Hill No. 6.

The latest transaction totals £400m of buy-to-let mortgages, comprising £320m of completed loans and an additional £80m of loans currently in the pipeline that will be added during the prefunding period. This securitisation takes the total issuance under the Hops Hill programme to over £2 billion.

The deal is the latest in a series of major recent milestones for Keystone. Over the past 12 months, the lender has branched into new lending areas – refurb-to-let and semi-commercial – invested heavily in its technology and, in January, broadened its funding base with a third funding line from an international investment bank.

Elise Coole (pictured), managing director at Keystone Property Finance, said: “Completing our sixth securitisation is a significant moment for Keystone and a reflection of the consistency and quality of our lending. The funding relationship with TwentyFour Asset Management has been in place for over 8 years and thanks to their continued support the Hops Hill programme is now a well-recognised name in the UK securitisation market.

“The continued support we see from investors speaks to the confidence they place in our underwriting and the performance of our loan book. It also reflects the resilience of the funding base we have built, which gives us the firepower to keep strengthening our proposition and support a wider range of landlords in what is a fast-moving and evolving market."