Charter Court brings ‘help-to-buy’ UK RMBS with ESG implications

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By Tom Brown
18 Feb 2020

Fitch and Moody’s gave a preliminary rating of triple-A to the senior notes on CMF 2020-1, a prime sterling RMBS with 29.4% of loans in the pool coming from the UK government’s Help-to-Buy scheme.

The loans in the pool are originated when the UK government lends up to 40% of the property purchase in the form of an equity loan. This allows borrowers to fund a 5% cash deposit and mortgage the remaining balance.

A Commons Select Committee last year found ...

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