Pre-funding mechanism highlighted

Category: RMBS

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Belmont Green Finance (BGF) is in the market with an inaugural £201.53m UK non-conforming RMBS. Dubbed Tower Bridge Funding 1, the securitisation comprises newly-originated first-lien mortgages originated through the Vida Homeloans brand.

Moody's and DBRS have assigned provisional ratings to the transaction of Aaa/AAA on the class A notes, Aa2/AA (High) on the class Bs, A1/A (High) on the class Cs, Baa2/BBB on the class Ds and Ba2/BB on the class Es.

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