The lead manager for this latest securitisation was Barclays Capital.
Sales and marketing director, Stephen Johnson said: “Market conditions are the toughest since the capital markets began trading mortgage backed securities - and in the current climate getting this deal done is a remarkable achievement.
"This caps a hugely successful trading year, with the business growing by around 70 per cent on 2006 and the launch of the first online mortgage system in our market.
"Commercial First is fortunate to enjoy the support of our institutional shareholder Lloyds TSB’s private equity arm Lloyds Development Capital, and we are well positioned to trade through the disruption in the markets which at this stage is likely to remain through the majority of 2008.”
