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Presale Report

Pierpont BTL 2025-1 PLC

Tue 13 May, 2025 - 12:59 PM ET

The presale report for Pierpont BTL 2025-1 PLC, a securitisation of buy-to-let mortgages originated by LendInvest and MT Finance, highlights that the transaction's expected ratings are contingent on final documents conforming to received information, with the pool having a weighted average original loan-to-value of 75.1% and a ֳ-calculated interest coverage ratio of 104.9%, while the class A notes are expected to have a credit enhancement of 11.2% and a legal final maturity in March 2062.

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