High yield issuer turns to RMBS for the first time

A debut non-conforming UK RMBS deal from Together Financial Services, formerly Jerrold Holdings, is being marketed to investors this week, the first public RMBS from the specialist lender.

  • By Sam Kerr
  • 12 Sep 2017

The deal, Together Asset Based Securitization (TABS1), is backed by £301.6m of owner occupied and buy-to-let mortgages, according to a DBRS presale. The pool is split between first-lien (36.9%) and second lien (60.4%) mortgages.  The weighted average loan to value ratio of the loans is 56.9%.

According to ...

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2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
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