Mortgages plc has securitised for the fourth time

The fourth transaction, for £250 million has been lead managed by Barclays Capital and Lehmans.

Paul Thomas, chief operating officer at Mortgages plc, commented: “The investment market over the last few months, as most people are aware, has been very difficult. It is extremely positive for the company to close the issue in such a market when some were withheld until the New Year.

“Whilst many may not fully understand securitisation, put simply, it enables Mortgages plc to continue to fund efficiently and demonstrates our ongoing growth in this market sector. Our lending portfolio continues to be of a high quality as demonstrated in this transaction and this securitisation reinforces our commitment to the residential mortgage backed securities market.”

Mortgages plc has currently generated more than £2 billion of mortgage applications.