RCS - Together Fin. Svc. - Together successfully prices second RMBS of 2025

Mitsubishi UFJ FinancialAnnouncement

19/09/2025 08:00

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RNS Number : 9655Z  Together Financial Services Limited  19 September 2025

 

Together successfully prices second RMBS of 2025

19 September 2025

Together Financial Services Limited ("Together" or the "Group"), one of the
UK's leading non-bank relationship lenders, announces the successful pricing
of its £367 million 1(st) charge only residential mortgage backed
securitisation ("RMBS"), Together Asset Backed Securitisation 14 2025 - 1ST1
PLC ("TABS14").

Highlights

·    £367m 1(st) charge only RMBS

·    0.81% weighted average cost of placed notes

-     95% advance rate

·    90.0% of issued notes expected to be rated AAA(sf) by S&P and
AAA(sf) by Fitch

Richard Rowntree, Group CEO of Together commented: "The successful pricing of
TABS14 is another meaningful step on our journey to giving people a fair
chance to turn their home ownership ambitions into reality."

Gary Beckett, Group MD and Chief Treasury Officer at Together, added: "Since
July 2024, we have successfully raised or refinanced over £5 billion across
ten transactions. The successful pricing of TABS14 reflects the high quality
of our loan book, the strength of our business model and the continued
confidence and support from our investors."

TABS14 is supported by a portfolio of 1(st) 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 seven public residential and four commercial
real estate MBS, six private securitisation facilities, senior secured notes
and banking syndicate facility (RCF).

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

 

 

For further enquires please contact:

Together

 Mike Davies, Director of Corporate Affairs        + 44 7753 138185

                                                   mike.davies@togethermoney.com
 Angeli Everitt, Strategic Communications Adviser  +44 7729 092363

                                                   angeli.everitt@togethermoney.com
 Camarco (Financial PR)

 Ben Woodford

                                                   +44 2037818333

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

 Alex Campbell

                                                   +44 7710 230545

                                                   alex.campbell@camarco.co.uk (mailto: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.

Ends

Further information about TABS14

TABS14 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 TABS14 will mature on the interest payment date falling in
August 2066, with the optional redemption date on the interest payment date
falling in October 2029, after which the margin on the rated notes (other than
the class X1 and X2 notes) issued by TABS14 is set to increase. The mortgage
loans will be sold to TABS14 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
TABS14 on the closing day. The outstanding principal balance of the mortgage
loans sold to TABS14 is £367 million.

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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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