Funding deals mark key milestones for lenders targeting complex borrower needs
Specialist lender Foundation Home Loans and fintech mortgage provider Gen H have both secured fresh funding to expand their lending capabilities.
Specialist lender Foundation Home Loans has completed its latest securitisation, raising £550 million through the Braccan Mortgage Funding 2025-1 transaction, finalised on Thursday, May 15.
The lender, which works exclusively with intermediaries, initially targeted £475 million. However, strong interest from the investment community led to the deal being upsized. More than 30 institutional investors participated, including over 10 new entrants to the Braccan platform.
Proceeds from the transaction will be directed toward expanding the lender’s specialist mortgage offerings, with a focus on supporting both landlords and residential borrowers with complex needs.
In September 2024, Foundation closed its first residential mortgage-backed securitisation (RMBS) deal named Braccan 2024-1, backed by a portfolio of buy-to-let and owner-occupied mortgages, also valued at £550 million.
“The success of this latest transaction is a testament to the strength of our business model and the trust that investors place in us,” remarked Pete Ball, chief executive of Foundation Home Loans. “Despite challenging market conditions, we have been able to achieve extremely strong pricing and secure significant new investment.
“This funding will enable us to continue developing our specialist lending proposition to better meet the diverse needs of borrowers and their ever-shifting property-related ambitions.”
Meanwhile, fintech mortgage lender Gen H has earlier this week announced a forward-flow funding partnership with SilverRock Financial Services.
SilverRock will fund a portion of Gen H’s originated and administered mortgages, supporting the fintech’s push to broaden access to homeownership through its unique products and flexible lending criteria.
The partnership marks a strategic milestone for Gen H, which has been expanding its funding base and recently launched New Build Boost, a product designed to help new build buyers overcome affordability and deposit barriers.
“We’ve had the great pleasure of growing our panel of funders this year, enabling us to pursue, at full speed, our goal of unlocking homeownership for everyone,” said Graham McClelland, Gen H’s recently appointed chief executive. “This relationship will allow us to further improve our criteria and push forward with exciting new propositions over the coming year.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
