BGFL is a nonbank specialist lender in the U.K. It was set up in 2015 and launched its lending business later in 2016, through its brand Vida Homeloans. The business was initiated via private equity funding to target owner-occupied and buy-to-let (BTL) customers who may not fit the criteria currently demanded by high street lender banks, such as borrowers that need gifted deposits, U.K. overseas borrowers, unusual income like contractors or short work history, and small impaired credit history, among others. BGFL relies heavily on its securitization platform (Tower Bridge Funding) to fund its mortgage business, and to date it has issued four publicly placed transactions.