Jerrold Holdings, a Manchester-based mortgage lender, has completed a £900 million re-financing.

Jerrold Holdings, a Manchester-based mortgage lender, has completed a £900 million re-financing.
Royal Bank of Scotland (RBS) and nabCapital arranged a £500 million securitisation package as part of the deal, with the remaining £400 million provided as a syndicated loan by nabCapital, RBS and Bank of Scotland.

nabCapital invested £365 million in total, which was arranged by its Manchester-based institutional banking office and its specialist securitisation and syndications team.

Institutional banking director Andy Taylor said this re-financing will help to develop the mortgage lender. “This deal is another great example of nabCapital’s willingness and appetite to step-up to the mark and provide a significant financial commitment to our client.”