In the latest episode of our “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined by Andrew Lynch, Vice President and Sector Lead of European Structured Finance Ratings, Surveillance, and Petter Wettestad, Vice President of European Structured Finance Ratings, Surveillance, to discuss the UK’s buy-to-let (BTL) sector.

In this episode analysts shared their observations on the key drivers and challenges facing the BTL sector and delved into the performance of UK BTL RMBS transactions amidst the recent macroeconomic environment, following our publication of a detailed commentary on the topic. Our analysts also discussed some upcoming regulatory changes for landlords and shared their expectations on the asset performance of these transactions.

Related Content:

• “UK BTL RMBS Performance Report: Q2 2025” (25 September 2025), https://dbrs.morningstar.com/research/463139

By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.

In the latest episode of our “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined by Clarice Baiocchi, Vice President and Sector Lead of European Structured Finance Ratings, Surveillance, and Sijia Aulenbacher, Assistant Vice President of European Structured Finance Ratings, Surveillance, to discuss Italian nonperforming loan (NPL) securitisations.

Our analysts delve into the details of recent performance trends based on the latest issuer reports and shed light on the evolution of servicer business plans and transaction structures. They discuss various factors like NPL recoveries and their timings, recovery expenses, as well as senior note amortisation speeds. The panel also share their thoughts and expectations on further developments in the Italian NPL and securitisation markets.

Related Content:

• “Italian Nonperforming Loan Securitisations Performance--Q2 2025 Update” (24 September 2025), https://dbrs.morningstar.com/research/463004/
• “Italian Nonperforming Loan Securitisations Business Plans Evolution--Q2 2025 Update” (24 September 2025), https://dbrs.morningstar.com/research/463005
• “Italian Nonperforming Loan Securitisations Transaction Structures--Q2 2025 Update” (24 September 2025), https://dbrs.morningstar.com/research/463006

By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.

In the latest episode of our “European Securitisation Insights” podcast, Mudasar Chaudhry, who leads our European Structured Finance Research team, was joined by European Structured Finance Ratings Surveillance analysts, Andrew Lynch, Vice President and Sector Lead, and Clare Wootton, Vice President, to discuss the UK Housing Market.

In this episode, our analysts discuss the recent trends in UK house prices and the mortgage market, delving into details of UK RMBS transactions and how they are performing against the backdrop of the current macroeconomic environment. The panel highlight some of their observations across the prime and nonprime sectors, discussing the key drivers and challenges faced, and share their thoughts and expectations on the asset performance of UK RMBS transactions going forward.

Related Content:

• “UK Prime and Nonprime RMBS Performance Report: Q2 2025” - https://dbrs.morningstar.com/research/463138

By downloading or listening to this podcast, you are agreeing to the Morningstar DBRS disclaimer and legal terms and conditions found at dbrs.morningstar.com/about/disclaimer and dbrs.morningstar.com/about/termsandconditions, including that the information provided is not investment, financial or other advice. Morningstar DBRS will not be liable for losses arising from your use of the information. Please note that the content of this podcast is intended for European audiences only.