Belmont Green, which trades as Vida Homeloans, has announced its third residential mortgage-backed security (RMBS) of this year.

Tower Bridge Funding 2024-3 has raised £300m to help drive lending growth across the specialist residential and buy-to-let (BTL) markets.

This is the thirteenth RMBS transaction from Belmont Green and was supported by Barclays, BNP Paribas, Macquarie Group, and NatWest.

Belmont Green chief executive officer Anth Mooney says: “This transaction continues to demonstrate the strong investor confidence in our business as we prepare to become a bank.”

“The high level of interest we’ve seen reflects the strength of our loan book and our ability to consistently deliver in the specialist mortgage market. This additional funding will enable us to keep supporting brokers with tailored solutions for customers, helping more people find a place to call home.”