Together successfully prices third RMBS of 2024

Together Financial Services Limited (“Together” or the “Group”), one of the UK’s leading non-bank relationship lenders, announces the successful pricing of its £445 million 1st charge only residential mortgage backed securitisation (“RMBS”), Together Asset Backed Securitisation 2024 – 1ST2 PLC (“TABS12”).

Highlights
• £445m 1st charge only RMBS
• 1.08% weighted average cost of placed notes
o 95% advance rate
• 89.5% of issued notes expected to be rated AAA(sf) by S&P and AAA(sf) by Fitch

Mike McTighe, Chairman of Together commented: “We are delighted to announce the successful pricing of our third RMBS this year as we continue to support more residential owner occupier and buy-to-let customers in realising their ambitions.”

Gary Beckett, Group MD and Chief Treasury Officer at Together, added: “Since the start of this calendar year, we have successfully raised or refinanced over £2.2 billion across six transactions. As we continue to strengthen and diversify our funding, this highlights the strength of our business model, quality of our loan book and strong ongoing support from our investors.”

TABS12 is supported by a portfolio of 1st charge owner occupied and buy-to-let loans secured against residential property in England, Scotland and Wales and refinances assets forming part of the Group’s AA rated £1.25 billion Charles Street facility (“CABS”) and the Group’s senior secured notes. The new facility complements the Group’s existing seven public residential and four commercial real estate MBS, six private securitisation facilities, senior secured notes and banking syndicate facility (RCF).

Lloyds acted as Arrangers and Joint Lead Managers accompanied by Natixis and Santander as Joint Lead Managers.

For further enquires please contact:
Together
Mike Davies, Director of Corporate Affairs + 44 7753 138185
[email protected]
Abena Affum, Corporate Affairs Manager +44 7542 862956
[email protected]
Camarco (Financial PR)
Ben Woodford

Eddie Livingstone-Learmonth

+44 2037818333
[email protected]

+44 2037574993
[email protected]

Together is the trading name of Together Financial Services Limited, which has its registered office address at Lake View, Lakeside, Cheadle, Cheshire SK8 3GW.