Together prices eighth residential mortgage backed securitisation

Together has announced the pricing of its latest £425.5 million first charge only residential mortgage backed securitisation (RMBS).

This is the specialist lender's eighth successful RMBS since 2017 and eleventh mortgage backed securitisation overall.

Over the past 12 months, Together has raised or refinanced over £1.6bn of facilities across four transactions to help diversify and extend its funding profile.

The latest securitisation, TABS8 is supported by a portfolio of first charge owner-occupied and buy-to-let residential mortgages, secured against properties in England, Wales and Scotland, and refinances assets forming part of its £1.25 billion Charles Street facility and the Group’s senior secured notes.

The new facility complements the Group's existing five public residential and three commercial real estate mortgage backed securitisations, six private securitisation facilities, senior secured notes and banking syndicate facility.

Gerald Grimes, Group CEO designate of Together, commented: "We are delighted to announce the pricing of our TABS8 residential mortgage backed securitisation which will further support our residential owner occupier and buy-to-let customers in realising their property ambitions.”

Gary Beckett, Group managing director and chief treasury officer at Together, added: “TABS8 is our eighth RMBS and our eleventh public securitisation overall since 2017, underlining the quality of our loan book and the ongoing strong support from our funding partners.”