RCS - Together Fin. Svc. - Together prices first RMBS issuance of 2026

BarclaysAnnouncement

23/03/2026 08:15

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RNS Number : 5460X  Together Financial Services Limited  23 March 2026

Together prices first RMBS issuance of 2026

23(rd) March 2026

 

Together Financial Services Limited ('Together' or 'the Group'), which aims to
be the UK's finance partner of choice, announces the successful pricing of its
£528 million 1st charge only residential mortgage backed securitisation
("RMBS"), Together Asset Backed Securitisation 15 2026 - 1ST1 PLC ("TABS15").

 

Highlights

·      £528m 1st charge only RMBS

·      0.95% weighted average cost of placed notes - 95% advance rate

·      90% of issued notes expected to be rated AAA(sf) by S&P and
AAA(sf) by DBRS

 

Richard Rowntree, Group Chief Executive Officer of Together commented, said:

 

"The successful pricing of our first RMBS transaction of 2026 marks another
important milestone, as we continue to open doors to give people a fair chance
to turn their home ownership and investment property ambitions into reality."

 

Gary Beckett, Group MD and Chief Treasury Officer at Together, added:

 

"The successful pricing of TABS15 highlights the strength of our platform, the
quality of our loan book and the ongoing confidence and support of our
investors."

 

TABS15 is supported by a portfolio of 1st charge owner occupied and buy-to-let
loans secured against residential property in England, Scotland and Wales and
refinances assets forming part of the Group's £1.2 billion Kingsway facility
("KABS") and the Group's senior secured notes. The new facility complements
the Group's existing nine public residential and three commercial real estate
MBS, nine private securitisation facilities, senior secured notes and banking
syndicate facility (RCF).

 

Wells Fargo acted as Arrangers and Joint Lead Managers accompanied by
Barclays, Lloyds, MUFG, SMBC as Joint Lead Managers.

 Together
 Mike Davies, Director of Corporate Affairs  +44 7753 138185

                                             mike.davies@togethermoney.com (mailto:mike.davies@togethermoney.com)

 Camarco (Financial PR)

 Ben Woodford

                                             +44 7990 653341

 Alex Campbell                               ben.woodford@camarco.co.uk (mailto:ben.woodford@camarco.co.uk)

                                             +44 7710 230545

                                             alex.campbell@camarco.co.uk

 

About Together

Together has been giving people a fair chance to bring their property
ambitions to life for over 50 years.

We provide a wide range of flexible lending products including residential and
buy-to-let mortgages, bridging loans, commercial mortgages and development
funding to give our customers the opportunity to turn their ambitions into
reality.

By using our expertise and common sense, we build trusted relationships and
open doors to help individuals, SMEs, businesses and property investors to
thrive.

Together is the trading name of Together Financial Services Limited, which has
its registered office address at Lake View, Lakeside, Cheadle, Cheshire SK8
3GW.

Further information about TABS15

TABS15 is a special purpose securitisation vehicle which will acquire the
beneficial ownership to a portfolio of mortgage loans secured against
residential properties in England, Wales and Scotland on the closing date. The
notes issued by TABS15 will mature on the interest payment date falling in
March 2067, with the optional redemption date on the interest payment date
falling in January 2030, after which the margin on the rated notes (other than
the class X1 and X2 notes) issued by TABS15 is set to increase. The mortgage
loans will be sold to TABS15 by Together Personal Finance Limited and Together
Commercial Finance Limited (as applicable). Certain of those mortgage loans
will be repurchased by Together Personal Finance Limited and Together
Commercial Finance Limited from the KABS facility prior to being on-sold to
TABS15 on the closing day. The outstanding principal balance of the mortgage
loans sold to TABS15 is £528 million.

This announcement may include projections and other "forward-looking"
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of any of the transaction
parties about future events and financial performance. The use of any of the
words "expect," "anticipate," "continue," "will," "project," "should,"
"believe," " plans," "intends" and similar expressions are intended to
identify forward-looking information or statements. Although Together believes
that the expectations and assumptions on which such forward looking statements
and information are reasonable, undue reliance should not be placed on the
forward-looking statements and information because Together can give no
assurance that such statements and information will prove to be correct. Since
forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and
uncertainties.

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