Specialist buy-to-let (BTL) lender Quantum Mortgages has completed its second securitisation, made up of £278m of UK BTL loans.
The securitisation transaction, named Bletchley Park Funding 2025-1, takes the total value of assets in the Bletchley Park Funding programme to over £500m.
The lender noted that this was only 10 months after its inaugural deal in 2024.
Quantum Mortgages said this transaction saw “increased demand”, leading to tighter pricing.
It added that it shows “continued confidence” in the UK BTL sector, as all bond categories are oversubscribed due to strong take-up from investors.
HSBC acted as sole arranger while Lloyds and Citi acted as joint lead managers. Quantum’s funding partner ABCarval was the transaction’s sponsor.
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Jason Neale (pictured), founder and CEO of Quantum Mortgages, said: “We are delighted to complete our second securitisation, especially so soon after our inaugural deal last summer. The huge interest and demand from the investor community confirms our position as an established expert in providing finance for professional landlords, and the pricing of the deal reflects the quality and diligent work our team produce every day.
“The continued high demand for assets backed by UK buy-to-let mortgages is not only great news for us but all UK non-bank lenders who rely on the capital markets for funding. Greater demand allows us all to continue to grow and innovate while reducing our cost of funds to provide better value products for landlords.”
Quantum Mortgages recently launched a bridging range and also added large loan and first-time landlord deals earlier this year.
