Molo and Colcap UK Make History with £300m Securitisation

In a groundbreaking move, Molo and Colcap UK have successfully completed their first securitisation, totalling a staggering £300m. This residential mortgage-backed security (RMBS), dubbed Molossus BTL 2024-1, consists of prime UK buy-to-let (BTL) mortgage loans in England and Wales.

The UK housing market is on the rise

This monumental achievement marks a significant milestone for both companies, showcasing their ability to structure and execute successful RMBS transactions in the UK market. The securitisation was made possible through the joint efforts of Macquarie Bank and Standard Chartered Bank, who acted as joint arrangers and joint lead managers, alongside Citigroup.

Molo and Colcap UK’s partnership is a game-changer for the BTL market

Molo’s CEO, Matt Kimber, expressed his enthusiasm for the success of this RMBS, stating, “The success of this RMBS highlights the strength of Molo’s mortgage lending capabilities and the credit quality of our originations. It enables us to continue empowering landlords with accessible and innovative lending solutions while reinforcing our position as a leader in the buy-to-let mortgage market.”

Matt Kimber, Molo’s CEO, is confident in the company’s future

Paolo Tanca, Colcap UK’s treasurer, echoed Kimber’s sentiments, saying, “This deal represents a significant milestone for us, showcasing our ability to structure and execute successful RMBS transactions in the UK market. We are excited about the opportunities for future growth and expansion.”

Paolo Tanca, Colcap UK’s treasurer, is optimistic about the future

Esther Morley, Colcap UK’s executive director and COO, added, “Today’s successful RMBS announcement demonstrates growing confidence in the UK property market and in the quality of Molo’s buy-to-let portfolio. This strategic move with Molo is the first of many and demonstrates our commitment to innovation. It also marks the beginning of a new chapter for Colcap in the UK market.”

Esther Morley, Colcap UK’s executive director and COO, is excited about the future of the company

This securitisation is a testament to the strength of the partnership between Molo and Colcap UK, which began in 2021 when Colcap Financial partnered with Molo to re-enter the BTL market. The success of this deal sets the stage for further collaborations and growth opportunities, benefiting both their UK operations and their broader global presence, including Colcap Australia.

Molo and Colcap UK’s partnership is a game-changer for the BTL market

As the UK property market continues to thrive, this securitisation marks a significant step forward for Molo and Colcap UK, solidifying their position as leaders in the buy-to-let mortgage market.

The UK property market is on the rise