Fleet Mortgages breaks London Wall silence with OWS deal

By Owen Sanderson
04 May 2021

Fleet Mortgages is offering its first UK buy-to-let RMBS under the London Wall brand since 2018, following several years in which the company’s collateral emerged largely in Citi’s multi-originator principal shelf Canada Square. One William Street Capital, which renewed its partnership with Fleet in 2019, is sponsoring the deal.

Arranger Citi announced Fleet 2021-01 on Friday, securitizing a £309m portfolio of UK buy-to-let mortgages to professional landlords. On offer to investors is a £276m triple-A tranche, £15m class ‘B’, £4.6m class ‘C’ and an excess spread note on a “call desk” basis.

London Wall Capital Investments and ...

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