West One Loans parent Enra Specialist Finance has completed a £320m securitisation.
This issuance, the sixth securitisation for the company, is called Elstree 2025-1 and comprises first charge and BTL mortgages originated by West One.
The securitisation was oversubscribed, with six new investors joining the programme as a result.
Elstree 2025-1 achieved the tightest Class A print for a publicly marketed UK BTL/RMBS since 2021.
Both Enra and West one will use the proceeds of this issuance to fund their respective growth plans.
Emily Gestetner, CFO at Enra Specialist Finance, commented: “We’re delighted to have closed our sixth securitisation, and inaugural pure 1st charge transaction, cementing Enra’s reputation as a reliable repeat issuer of high quality RMBS.
“The fact the issue was oversubscribed and achieved market leading pricing, is a testament to the quality of our underwriting and the robust performance of our loan book. Importantly, this deal gives us the firepower to ramp up our lending as we execute our ambitious growth plans for the year ahead."
