Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Together Prices £562.9m Residential Mortgage-Backed Securitisation

Together has successfully priced a £562.9 million first charge residential mortgage-backed securitisation (RMBS), named TABS16. This marks the lender’s second RMBS transaction of 2026.

The TABS16 deal achieved a weighted average cost of placed notes of 0.94% and a 95% advance rate. According to the report, 90% of the issued notes are expected to receive AAA(sf) ratings from both S&P and DBRS.

The transaction is supported by a portfolio of first charge residential and buy-to-let (BTL) loans across England, Scotland, and Wales. The deal refinanced assets previously held in Together’s £1.2 billion Kingsway facility and senior secured notes.

For letting agents and inventory clerks, the continued activity in the buy-to-let and residential mortgage markets, as demonstrated by this transaction, may indicate ongoing demand for rental properties and related services across the UK.