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Final Securitised Pool
£276.1M
£276,104,000
Loan Count
3,117
Loans in the portfolio
WA LTV
60.5%
Weighted average loan-to-value
WA Seasoning
21.13m
Weighted average seasoning
Closing Date
12 February 2025
Step-Up Date
12 January 2029
First Call Date
12 January 2029
Final Maturity
12 September 2056
Interest Payment Dates
LEI
635400YLGUIWG9EKBV27
Registration No.
16002510
Listing Venue
Euronext Dublin
Governing Law
English law
Together Asset Backed Securitisation 2025-2ND1 PLC is a UK RMBS transaction backed by a provisional portfolio of £286.3 million in residential and mixed-use mortgage loans originated by Together Personal Finance Limited and Together Commercial Finance Limited. The deal issued £276.8 million in notes across seven tranches, with the Class A notes rated AAA(sf) by DBRS and S&P. The transaction closed on 12 February 2025 and features a first call date in January 2029.
Average loan size
£91.9K
WA interest rate
9.5%
Owner occupied
58.8%
Buy-to-let
41.2%
Fixed rate
72.1%
Variable rate
27.9%
Top region
Greater London: 38.3%
Collateral notes
The portfolio consists of second and third ranking legal mortgages over residential and mixed-use properties in England, Wales, and Scotland.
| Class | Principal | Issue Price | Margin (bps) | Step-Up (bps) | Ratings | ISIN |
|---|---|---|---|---|---|---|
Class A NotesMonthly | £199,281,000 | 100% | +93 | +193 | | XS2974981859 |
Class B NotesMonthly | £29,062,000 | 100% | +120 | +220 | | XS2974982311 |
Class C NotesMonthly | £15,915,000 | 100% | +150 | +250 | | XS2974982584 |
Class D NotesMonthly | £11,763,000 | 100% | +195 | +295 | | XS2974984523 |
Class E NotesMonthly | £8,303,000 | 100% | +315 | +415 | | XS2974983129 |
Class F NotesMonthly | £6,919,000 | 100% | +448 | +548 | | XS2975080917 |
Class Z NotesMonthly | £5,536,000 | 100% | — | — | | XS2975081642 |
Residual CertificatesRetained | — | — | — | — | | XS2975082020 |
Final Maturity Dates
Origination
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