Mayer Brown advises HSBC on £244.5 million inaugural BTL mortgage loans securitisation for Quantum Mortgages

London - Mayer Brown has advised HSBC Bank, as arranger and lead manager, on Bletchley Park Funding 2024-1, a £244,543,000 public securitisation of a portfolio of buy-to-let and owner occupier mortgage loans originated by specialist buy-to-let lender Quantum Mortgages Limited and Hey Habito LTD, an online mortgage brokerage.

The portfolio of loans was transferred to the Issuer, Bletchley Park Funding 2024-1 Plc, by Cypher Funding LP (a CarVal AB entity acting as beneficial title seller). The transaction marks the first-ever public securitisation for Quantum Mortgages and represents ongoing confidence in the UK buy-to-let sector, as investor demand for these assets remain strong.

The team included Finance partner David O'Connor, senior associate Robyn Llewellyn, associate James Hanley, trainees Max Charlton and Nim Tennison, and Tax partner Matthew Mortimer and senior associate Kathryn Jones.