Enra Specialist Finance, the parent company of specialist lender West One Loans, has completed its sixth securitisation.
The issuance, called Elstree 2025-1, comprises £320m of first charge and buy-to-let mortgages originated by West One.
The proceeds from the transaction will help Enra, and subsidiary West One, increase its lending as part of its growth plans.
The transaction was oversubscribed and welcomed six investors to the programme.
Elstree achieved the tightest Class A print for a publicly marketed UK BTL/RMBS since 2021.
Enra Specialist Finance chief financial officer Emily Gestetner says: “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.”
