Pepper releases guidance for non-conforming UK RMBS

Tom Brown

July 13, 2021 02:00 PM

PA-UK mortgage signs — For sales signs outside properites in Brunswick Square, Brighton. 06/02/04: First-time buyers are adopting a risky approach to buying their first home as they become increasingly desperate to get on to the property ladder, research showed today. People buying their first house are less likely to have a survey done, take out a fixed rate mortgage or make an offer below the asking price than other buyers, according to Yorkshire Bank. 13/04/2004: House prices in the UK fell by 1% during February as the market suffered its traditional quiet period, Government figures showed today April 13 2004. The Office of the Deputy Prime Minister said the average property cost 160,937 during the month, down from 162,559 in January. 30/10/04: The range of advice offered by mortgage brokers and advisers will vary considerably from tomorrow, experts have warned. The Mortgage Advice Bureau said that brokers will now be either directly authorised by the FSA, have joined a network as 'appointed representatives', or have created their own panel of lenders. As a result the range of products and borrower circumstances that they can advise on will vary tremendously, as will fees and service. | Martin Stephens/PA Archive/PA Images

Pepper Money has released initial price thoughts for its latest non-conforming UK RMBS deal, called Polaris 2021-1. Citi, National Australia Bank and NatWest Markets were guiding the £425m deal on Tuesday at around 80bp or in the low-80bp for the senior tranche.

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Tom Brown