A debut non-conforming UK RMBS deal from Together Financial Services, formerly Jerrold Holdings, is being marketed to investors this week, the first public RMBS from the specialist lender.
The deal, Together Asset Based Securitization (TABS1), is backed by £301.6m of owner occupied and buy-to-let mortgages, according to a DBRS presale. The pool is split between first-lien (36.9%) and second lien (60.4%) mortgages. The weighted average loan to value ratio of the loans is 56.9%.
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