Blockbuster Bradford and Bingley deal priced

摘要

Execution on Ripon Mortgages and Harben Finance - two long-awaited RMBS take-outs of Bradford & Bingley buy-to-let mortgages -illustrated continued demand for high quality collateral. The assets were previously owned by government vehicle UK Asset Resolution, which utilised stapled financing to remove execution risk, and therefore achieve a higher price from the sale.