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Foundation Home Loans completes £350m securitisation deal

Foundation Home Loans, the intermediary-only specialist lender, has announced the completion of its latest securitisation.

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The lender said this £350m deal was the largest transaction under its Twin Bridges securitisation platform, and its first non-publicly placed trade. The deal reinforces the company’s financial position, with over £1bn in warehouse funding in place to cover its lending targets over the next 12 months.

 

This is the fifth deal under the Twin Bridges platform, which the lender established in 2017.

 

Hans Geberbauer, chief executive of Foundation Home Loans, said: “This securitisation is an excellent trade which bolsters our robust capital and liquidity position even further, allowing us to continue to offer competitive specialist mortgage funding to our intermediary partners.

 

“It is great to see confidence and demand returning both in the securitisation and wholesale funding market and among customers, whether for buy-to-let or owner-occupied mortgages.”

 

Foundation will be one of the speakers at Credit Strategy’s FSE Week in September.

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