LendInvest has successfully finalised its sixth securitisation, marking a significant achievement in the property finance sector.
- This latest transaction involved £285m in prime property loans and received top-tier credit ratings from leading agencies.
- The initiative included owner-occupied loans for the first time, reflecting LendInvest’s continued growth in the mortgage market.
- Seventeen investors participated in this securitisation, with pricing reflecting high confidence in the company’s asset quality.
- The issuance contributes to LendInvest’s overall funds under management, now surpassing £4.67 billion.
LendInvest has successfully completed its sixth securitisation, reinforcing its position within the property finance market. This recent development encompasses prime property loans amounting to £285 million, with the ‘Mortimer 2024-Mix Plc’ transaction being significantly oversubscribed. The loans received impeccable Aaa(sf) and AAA(sf) ratings from S&P Global Ratings and Moody’s, covering 86.5% of the pool. This exemplifies investor confidence in the quality of the assets managed by LendInvest.
The transaction marks a pivotal step for LendInvest, as it includes owner-occupied loans, a new segment for the company since it entered this market in 2023. The robust demand and competitive pricing, supported by 17 investors, underscore the reliability of LendInvest’s offerings and their capacity to meet investor expectations. The senior tranche of this securitisation was priced at 0.83% over SONIA, showcasing its strong market standing.
Through this issuance, LendInvest’s total funds under management have reached an impressive £4.67 billion, continuing the company’s trajectory of growth. Since its inception, LendInvest has facilitated over £7.5 billion in property finance, providing essential financial solutions to property investors and homeowners across the UK.
The securitisation process was managed collaboratively with BNP Paribas and Citi acting as joint arrangers, while JP Morgan, Lloyds, National Australia Bank Limited, Citi, and BNP Paribas took the roles of joint lead managers. Rod Lockhart, the CEO of LendInvest, expressed his satisfaction with the outcome, highlighting the sustained trust and engagement from investors despite broader market uncertainties. ‘I am delighted to announce the completion of our sixth securitisation, marking another milestone since we launched our RMBS programme in 2019,’ Lockhart stated. He further noted the healthy activity in the buy-to-let market, evidenced by a significant year-on-year increase in buy-to-let offers.
LendInvest’s sixth securitisation not only enhances its portfolio but also reflects its agile adaptation to market demands amidst economic uncertainties.
