...+ London Wall Mortgage Capital PLC - Series Fleet 2021-02 is an RMBS transaction that securitizes a portfolio of buy-to-let (BTL) mortgage loans secured on properties in England and Wales. + This transaction is the fifth securitization under the London Wall Mortgage Capital PLC program. + The loans in the pool were originated between 2015 and 2021 by Fleet Mortgages Ltd., a nonbank specialist BTL lender. + Fleet Mortgages has recently been acquired by Starling Bank Ltd. and the business will now be regulated and adhere to Prudential Regulatory Authority (PRA) standards + The transaction includes a portion of loans that were originally securitized in the Series Fleet 2016-01 transaction. + We consider the collateral to be prime based on the overall historical performance of Fleet Mortgages' BTL mortgage book, the conservative underwriting criteria, and the absence of loans in arrears in the securitized pool. + Of the pool, none of the mortgages have an active payment holiday due to the COVID-19...
