Eversheds has landed one of its largest banking mandates in recent years with the national giant advising Jerrold Holdings on a £900m fundraising package.

The top 10 UK law firm acted for UK-based mortgage lender Jerrold – a regular client of the firm – on the funding package, which closed earlier this month and is designed to aid the company's expansion plans.

Manchester banking partner Nigel Dale and London-based finance partner David Boyd led the team for Eversheds with support from associate Simon Barrell and solicitor Taslima Salam.

Through a structured securitisation led by the Royal Bank of Scotland (RBS) and nabCapital, a division of the National Australia Bank, £500m was raised.

An additional £400m was assembled through a syndication agreement, with RBS, nabCapital and Bank of Scotland as mandated lead arrangers.

Jerrold operates the brands Blemain Finance, Cheshire and Lancashire Mortgage corporations and Bridging Finance. Last year, Barclays Private Equity and SL Capital Partners took a £114m minority stake in the company, which employs 300 people in the northwest.

Commenting on the deal, Dale said: "Jerrold has gone from strength to strength and the additional fundraising will allow it to further develop its business. In the current market, it is reassuring that this well-structured approach has been put in place."

Meanwhile, Linklaters acted for the bank with banking partner Claire Watson and associate Louisa Noel taking the lead roles.