Enra Specialist Finance, the parent company of specialist lender West One Loans, has completed a £320m securitisation comprising of first charge and buy-to-let (BTL) mortgages.

The issuance, called Elstree 2025-1, is Enra’s sixth securitisation.

Enra said that the proceeds from the transaction would help itself and its subsidiary West One, which originated the mortgages, to increase their lending volumes.

West One, which has £1.75bn of annual origination, offers a range of products including bridging, development finance, residential, BTL and second charge loans.

The latest transaction was oversubscribed and attracted a wider investor base, Enra stated, as it welcomed six new investors to the programme.

“We’re delighted to have closed our sixth securitisation, and inaugural pure first charge transaction, cementing Enra’s reputation as a reliable repeat issuer of high quality RMBS,” commented chief financial officer at Enra, Emily Gestetner.

“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.”

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