UK Mortgages Ltd Securitisation Announcement for Keystone Portfolio

 
TIDMUKML 
 
UK Mortgages Ltd: Securitisation Announcement for Keystone Portfolio 
 
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, 
RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR FROM THE UNITED 
STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF 
IRELAND OR JAPAN. 
 
                             UK MORTGAGES LIMITED 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 60440) 
 
 549300388LT7VTHCIT59 
 
                           LEI 549300388LT7VTHCIT59 
 
UK Mortgages Ltd: Securitisation Announcement for Keystone Portfolio 
 
11th January 2021 
 
The Board of UK Mortgages Limited ("UKML") and TwentyFour Asset Management LLP 
("TwentyFour") are pleased to announce that in line with the strategy approved 
by shareholders in Q4 of last year, Hops Hill No.1 PLC, the securitisation of 
the portfolio of first ranking, Buy-to-Let mortgage loans originated by 
Keystone Property Finance ("Keystone"), has been announced today, with National 
Australia Bank ("NAB") and Santander as Co-Arrangers, and Santander, NAB and 
Standard Chartered Bank as Joint Lead Managers. 
 
Keystone have been originating loans for UKML for the last two years with 
warehouse financing provided by NAB. The portfolio size reached almost GBP340m by 
31st December 2020 and a transaction of up to GBP400m is now being marketed, to 
include loans currently in the pipeline and expected to be completed over the 
next 3 months. 
 
Roadshow meetings are being offered to securitisation investors over the next 
two to three days, following which the book will be built and the transaction 
launched, subject to market conditions. 
 
An update will be provided once the transaction has completed. 
 
Further information: 
 
TwentyFour Asset Management LLP 
Rob Ford 
020 7015 8900 
 
Numis Securities Limited, Corporate Broker 
Nathan Brown 
 
Hugh Jonathan 
020 7260 1000 
 
 
 
END 
 

(END) Dow Jones Newswires

January 11, 2021 04:31 ET (09:31 GMT)