LiveMore raises £212M in third mortgage-backed securitisation
What's the deal? LiveMoreDealroom has a profile for this one. Try Dealroom →, a specialist mortgage lender for people aged over 40, has completed a £212 million social bond securitisation named Exmoor Funding 2026-1. It is the UK lender's third residential mortgage-backed securitisation (RMBS), raising debt to fund lending to older homeowners.
What's the endgame? The issuance supports LiveMore's aim of widening mortgage access for under-served customers aged 40 and over. The deal sits under its Social Bond Framework and aligns with the International Capital Market Association (ICMA) Social Bond Principles.
Why it matters: LiveMore says it gives investors a way to back a capital markets transaction targeting both financial returns and measurable social impact — a rare offering in the UK mortgage space.
S&P and Moody's rated the securitisation. It also received a Simple, Transparent and Standardised (STS) designation under EU/UK regulation, and was assessed for the Capital Requirements Regulation and Liquidity Coverage Ratio Regulation.
ISS ESG provided a Second Party Opinion confirming that LiveMore's lending to under-served borrowers qualifies as a social project category under the ICMA framework. The categories include broadening access to homeownership, enhancing financial inclusion in retirement, and addressing UN Sustainable Development Goal 10 on reduced inequalities.
Simon Webb, managing director of finance and capital markets at LiveMore, said the lender is "one of the very few UK mortgage lenders offering ICMA-aligned social bonds." He added: "We're aligning who we lend to with how we fund ourselves, proving that responsible lending and responsible investing can go hand in hand."
The signal: At £212 million, the deal lands in the smaller tier of securitisations by size, sitting around the 36th percentile for capital raised. But LiveMore's repeat issuance shows a growing market for mortgage funding tied to measurable social outcomes.
Read more: financialreporter.co.uk
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