UK RMBS Flourishing in Active Market

Expectations of renewed activity in the UK Residential Mortgage-Backed Securities (“RMBS”) market have been fulfilled, with a bumper first half of 2024, characterised by a return of bank-led deals, as a succession of well received and upsized RMBS transactions ignited the market, following a multi-year lull. Issuers have moved to take advantage of the positive market conditions, with a flurry of new deals.