UK Mortgages Ltd - Net Asset Value(s)
PR Newswire
LEI 549300388LT7VTHCIT59
UKML RNS: Commentary accompanying UK Mortgages Limited December 2020 NAV
The UKML NAV per share was calculated for December 2020 month end at 81.79 pence per share, an increase of 0.36 pence per share.
Alongside the regular monthly income generated by the Company s investments, the key drivers for the movement in the NAV for this period have been the updated IFRS 9 Expected Credit Loss (ECL) provisioning assessment and the hedge effectiveness calculations both of which occur semi-annually. With regard to ECL provisioning, there has been a significant reduction in the number of loans taking a payment holiday, with current levels having fallen to a fraction of the amount at the previous calculation in June 2020, which essentially coincided with the peak take-up. The effect of this has been to partially reduce the required provisioning, despite continuing to model an enhanced level of stress on loans where t
UK Mortgages Ltd - Monthly Factsheet - December 2020
PR Newswire
Monthly Factsheet
The Board of UK Mortgages Limited (UKML) and TwentyFour Asset Management LLP (TwentyFour) are pleased to present the latest factsheet for the fund. Information on current investments and pipeline can be found in the factsheet.
Copies can be downloaded from the Company s website:
https://twentyfouram.com/en/funds/uk-mortgages-fund/
or viewed here
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Keystone Property Finance has completed its first-ever securitisation, worth £400m. The securitisation with Hops Hill No.1 PLC was originated under a forward flow agreement between Keystone and UK Mortgages Limited, a listed investment company managed by TwentyFour Asset Management. The arrangement is the first to
UK Mortgages Ltd - Highly Successful Securitisation of Keystone Portfolio
PR Newswire
UK Mortgages Ltd: Highly Successful Securitisation Completed for Keystone Portfolio
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.
18 January 2021
549300388LT7VTHCIT59
18 January 2021
The Board of UK Mortgages Limited ( UKML ) and TwentyFour Asset Management LLP ( TwentyFour ) are pleased to announce that the launch and pricing of Hops Hill No.1 PLC, the debut securitisation of a portfolio of first ranking, Buy-to-Let mortgage loans originated by Keystone Property Finance ( Keystone ), was completed on Friday afternoon following two and a half days of roadshow meetings and a further two days of book building.