Together Financial Services Prices £409 Million Mortgage Securitisation

Together Financial Services Limited priced its seventh public small balance commercial real estate mortgage-backed securitisation on October 16, 2026. The transaction, issued through Together Asset Backed Securitisation 2026-2 CRE-7 plc, totals £409 million and is backed by a portfolio of first and second charge mortgages on commercial, residential, and mixed-use properties across England, Wales, and Scotland.

First charge mortgages make up 98.2% of the portfolio. The weighted average cost of placed notes is 1.21% at a 95% advance rate, with Fitch and DBRS expected to rate 83% of the notes AAA(sf). Settlement for the deal is scheduled for October 28, 2026.

Chief Financial Officer Chris Adams stated that the pricing of CRE7 demonstrates the strength of the company's capital markets access and investor support. BNP Paribas and Lloyds Bank Corporate Markets served as co-arrangers, while Barclays, BNP Paribas, Citi, Lloyds Bank Corporate Markets, and Natixis acted as joint lead managers.