UK Mortgages Ltd: Securitisation Announcement for Keystone
Portfolio
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN
OR INTO OR FROM THE UNITED STATES,
CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.
UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 60440)
LEI
549300388LT7VTHCIT59
UK Mortgages Ltd: Securitisation Announcement for Keystone
Portfolio
11th January 2021
The Board of UK Mortgages Limited (“UKML”) and TwentyFour Asset
Management LLP (“TwentyFour”) are pleased to announce that in line
with the strategy approved by shareholders in Q4 of last year, Hops
Hill No.1 PLC, the securitisation of the portfolio of first
ranking, Buy-to-Let mortgage loans originated by Keystone Property
Finance (“Keystone”), has been announced today, with National
Australia Bank (“NAB”) and Santander as Co-Arrangers, and
Santander, NAB and Standard Chartered Bank as Joint Lead
Managers.
Keystone have been originating loans for UKML for the last two
years with warehouse financing provided by NAB. The portfolio size
reached almost £340m by 31st December 2020 and a transaction of up to £400m is
now being marketed, to include loans currently in the pipeline and
expected to be completed over the next 3 months.
Roadshow meetings are being offered to securitisation investors
over the next two to three days, following which the book will be
built and the transaction launched, subject to market
conditions.
An update will be provided once the transaction has
completed.
Further information:
TwentyFour Asset Management LLP
Rob Ford
020 7015 8900
Numis Securities Limited, Corporate Broker
Nathan Brown
Hugh Jonathan
020 7260 1000