LG advises Rooftoop Mortgages on £500 million securitisation transaction
17 November 2006
LG, the London-based business law firm, has advised Rooftop Mortgages - a lender in the UK non-conforming mortgage market - on the £500 million Mansard 2006-1 PLC residential mortgage backed securitisation (RMBS).
This is the latest in a string of successful RMBS-related transactions for LG in 2006, which also include the sale of the residential mortgage business of a sub-prime lender which had assets of approximately £1,500,000,000.
Finance partner Charles Malpass led the LG team advising Rooftop Mortgages which included John Nystrom, Xanthe Lok and Megan Evans (finance) and Stuart Glover, Stewart Scott and Kelly Shutler (real estate).
Charles said: "This is another example of the increasingly complex and high profile work which is being undertaken by LG. We have advised on a number of deals with both RMBS and CMBS elements over the past year and have a strong pipeline ahead."
Baker & McKenzie acted for the lead arranger, Bear, Stearns International Limited and Todds Murray advised in relation to Scots law.
Notes to editors
- Lawrence Graham LLP is a London-based business law firm with a market leading real estate finance team who specialise in structuring real estate investment and financing for lenders, investors and developers.
- Rooftop Mortgages is a lender in the UK non-conforming mortgage market. It was established in 2003 to offer non-conforming residential mortgages to UK borrowers.
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Charles Malpass
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