Since its introduction into the UK in the late 1980s, securitisation has transformed the UK real estate market . New structures and instruments have become available for lenders and investors who wish to participate in the attractively high returns which can be made from real estate debt.
Owners of property portfolios, on the other hand, have been able to exploit this demand by converting what was once generally regarded as little more than an intractable item on the balance sheet into an asset of major strategic value.
