LendInvest Completes £300 Million Mortimer Securitisation Transaction

LendInvest completed its eighth securitisation transaction, Mortimer 2026-1 plc, utilizing a £300 million portfolio of UK prime buy-to-let mortgage loans. The deal comprises a £265 million portfolio consisting of 1,240 loans and £35 million in pre-funding.

This transaction is the group's first to qualify under the UK simple, transparent and standardised (STS) framework. The company intends for this designation to broaden its institutional investor base, specifically targeting bank treasury investors. At the cut-off date, all loans in the portfolio were performing, with a weighted average rental cover of 177.25% and a weighted average loan-to-value ratio of 73.23%.

Chief Executive Rod Lockhart noted that the transaction achieved a lower overall cost of funding than the previous year, despite a challenging market environment.