Quantum Mortgages has completed its third public securitisation as it marks its fourth anniversary since launching, taking funds raised via its Bletchley Park Funding programme beyond £800m.
This latest transaction, Bletchley Park Funding 2026-1, was upsized from an initial target of £286m to a final placement of £297m.
The portfolio is backed by BTL loans originated by Quantum Mortgages, secured against residential properties across England, Wales, and Northern Ireland.
The senior Class A notes achieved final book coverage of 1.6x and priced at SONIA +80bps.
Quantum said strong appetite from credit funds and banks drove heavy oversubscription across the mezzanine tranches, with Class C and D notes up to 4.5x covered.
This latest transaction follows Quantum’s inaugural transaction in 2024 and its second securitisation in 2025.
The deal was arranged by HSBC as lead arranger, alongside Citi and Lloyds Bank as joint lead managers.
The transaction was sponsored by global alternative investment manager AB CarVal, Quantum Mortgages’ primary funding partner.
Jason Neale, CEO at Quantum Mortgages (pictured above), said, “This is another important step forward for us.
“Three securitisations in under two years show we are no longer a new entrant.
“We are now an established issuer in the capital markets, meaning we can confidently continue providing our intermediary partners with more flexible mortgage options for their clients.”
