A former U.K. subprime mortgage lender is sponsoring its first securitization of "buy-to-let" mortgages to prime borrowers.

The £310.3 million transction, Twin Bridges 2017-1, is backed by 965 mortgages with a total balance of £243 million underwritten to U.K. landlords by Paratus AMC Ltd., formerly known as GMAC-RFC.

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