Skipton, Aldermore show glimpse of post-FLS world in UK RMBS

skipton
By Tom Porter
03 Apr 2014

The return of Skipton Building Society’s Darrowby prime RMBS programme to the primary market next week will be the latest sign that UK lenders are preparing for life after the government’s Funding for Lending Scheme — and there are more to come in the near future.

Darrowby No.1 and Darrowby No.2 came in 2011 and 2012, respectively, but Skipton took a year off in 2013, influenced at least in part by the cheap funding available through the UK’s Funding for Lending Scheme, which has kept RMBS issuance from the country depressed since it was ...

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