MT Finance and Hampshire Trust Bank have achieved significant milestones in the securitisation of buy-to-let mortgages.
- MT Finance closes inaugural buy-to-let securitisation named Pierpoint BTL 2024-1.
- Hampshire Trust Bank completes its first mortgage securitisation, Winchester No.1 worth £300 million.
- Industry leaders share insights on the implications and future growth stemming from these developments.
- Investor confidence remains strong, showcasing the potential for further market expansion.
MT Finance has made significant progress in the buy-to-let mortgage market. Since its entry in June 2022, the company has worked towards establishing a stable presence. The recent securitisation of Pierpoint BTL 2024-1 marks the firm’s inaugural public securitisation of buy-to-let collateral, a noteworthy achievement indicating MT Finance’s strategic advancement.
Gareth Lewis, managing director at MT Finance, highlighted the importance of this development, stating that achieving a ‘AAA’ rating on the Class A Notes is a validation of the firm’s strategic approach. This achievement also reflects the company’s adherence to rigorous standards as recognised by rating agencies. Lewis notes, “The successful closing…represents a pivotal moment for MT Finance,” emphasising the firm’s stable positioning in the market.
Marylen Edwards, head of buy-to-let at MT Finance, elaborated on the company’s focus on creating a sustainable lending operation. She remarked on the remarkable feedback received from rating agencies, attributing it to the firm’s robust processes and effective risk management. Edwards stressed the commitment to providing competitive and flexible lending solutions, essential for supporting investors in the evolving market.
Hampshire Trust Bank has also completed its landmark mortgage securitisation, Winchester No.1. This £300 million transaction marks the bank’s first step in diversifying its funding sources. Winchester No.1 is backed by a portfolio of high-quality buy-to-let mortgage loans, showcasing the bank’s robust capital base and its capacity for growth.
The CEO of Hampshire Trust Bank, Matthew Wyles, expressed satisfaction with this milestone, noting the transaction’s role in bolstering the bank’s capital base and facilitating profitable growth. Wyles commented on the strong investor demand for this securitisation, which speaks volumes about the investor community’s trust and confidence in the bank’s offerings.
MT Finance and Hampshire Trust Bank’s recent securitisations highlight their strong market positioning and the potential for future growth in the mortgage sector.
