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LONDON - Shawbrook Bank Limited has successfully completed a £568 million securitization deal, known as the Aldbrook Mortgage Transaction (JO:NTUJ) 2025-1 plc, with a significant portion of the notes pre-placed. The transaction, involving the securitization of loans originated by The Mortgage Lender Limited (TML), includes £67 million in Class B to X Notes and Residual Certificates, which were pre-placed. Shawbrook has retained the £501 million Class A Notes.
The loans in the securitized pool are primarily buy-to-let mortgages, accounting for 80%, with the remaining 20% being owner-occupied loans. These loans are secured against properties located throughout England, Wales, and Scotland. This latest financial maneuver is part of Shawbrook’s strategy to target growth, manage capital effectively, and refine its funding approach.
Dylan Minto, Shawbrook’s Chief Financial Officer, expressed satisfaction with the bank’s eleventh securitization transaction, emphasizing its significance in establishing Shawbrook as a consistent participant in the wholesale debt markets. The retention of the Class A notes is seen as a step towards diversifying the bank’s liquidity sources. Minto also noted that the transaction has resulted in an attractive gain on sale, which is expected to contribute positively to the Group’s overall performance.
The deal has reportedly attracted considerable interest from investors, which Shawbrook interprets as a sign of confidence in its portfolio and business model. Moving forward, Minto stated that the bank will continue to focus on its ’originate to distribute’ strategy through its Retail Mortgage Brands, aiming to execute transactions that bolster financial resilience and foster the creation of long-term value.
This securitization is a clear indication of Shawbrook’s ongoing efforts to expand and strengthen its financial base. The information for this report is based on a press release statement.
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