0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Specialist mortgage lender secures first securitisation  

UK mortgage lender Enra Specialist Finance has finalised its first securitisation with a £268m portfolio.  

Share on LinkedInShare on TwittereCard

For the initial securitisation, Elstree Funding No. 1, Enra garnered demand from pre-placement orders ahead of publicly launching the deal.

 

The portfolio was split between second-charge mortgages and first charge buy-to-let mortgages, all originated under Enra’s lending brand West One Loans. Enra explained that it intends to come to market every year as a regular issuer, so it held back around £50m of bonds for public sale. Originally a bridging lender, West One now has around £1bn of assets under management.

 

Enra explained that having delivered steady growth in its new product lines, it anticipates further growth, facilitating more residential mortgage backed securities issuance in the future.

 

Emily Gestetner, chief financial officer of Enra, said: “I am delighted to have priced Enra’s first securitisation. In a matter of weeks we have planned and executed this transaction in challenging market conditions, given the backdrop of the pandemic and Brexit.”

 

Specialist lenders will be one of the focal points during FSE-Week, our week of digital broadcasts for mortgage lenders and intermediaries. Specialist Wednesday, on 11 November, will feature speakers from BM Solutions, Foundation Home Loans and Castle Trust Bank, among other specialist lenders.

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Listen on demand: Webinar - Tracking confidence in Car Finance

Listen on demand: Webinar - Tracking confidence in Car Finance

Car finance webinar at noon today to reveal and explore market's recovery 

Car finance webinar at noon today to reveal and explore market's recovery 

Mortgage approvals reach highest since 2007, as consumer credit remains ‘weak’

Mortgage approvals reach highest since 2007, as consumer credit remains ‘weak’

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group