Enra Specialist Finance, the parent company of West One Loans, has successfully completed its sixth securitisation, raising £320 million through its latest issuance, Elstree 2025-1.

The securitisation comprises a portfolio of first charge and buy-to-let mortgages originated by West One. The proceeds from the transaction will support Enra and its subsidiary West One in expanding their lending operations as part of their growth strategy.

MARKET CONFIDENCE

The transaction was oversubscribed, attracting a broader investor base, including six new investors. Elstree 2025-1 also secured the tightest Class A pricing for a publicly marketed UK buy-to-let RMBS since 2021.

Emily Gestetner, CFO at Enra Specialist Finance, said: “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.”