Second charge lender Equifinance has completed its debut public securitisation consisting of a £260m portfolio of second charge mortgages.
Equifinance revealed that the offering was fully subscribed, launched and priced within two weeks, completing on 16 April.
The transaction, East One 2024 Plc, was named after its postcode and head office location.
Equifinance started life as a niche lender in the second charge mortgage sector in 2012. The firm has now originated around £500m of second charge residential mortgages since inception and said it intends to become a “programmatic issuer”.
CEO at Equifinance, Tony Marshall commented: “We are extremely happy with the outcome of this transaction having developed strong relationships with our funding and distribution partners over the years who have supported us throughout our journey.
“This transaction provides Equifinance with a best-in-class funding structure, which will enable us to bring to market competitive products and services.
“However, we will still hold on to our traditional values of service and supplying products that are designed to help consumers achieve their financial goals.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Pure Retirement and the role of lifetime mortgages
Senior content editor Dan McGrath is joined by strategic account manager at Pure Retirement, Tash Phillips, to discuss the lifetime mortgage market, the role of equity release in the industry and how the firm’s range of products, including its interest servicing lifetime mortgage, can serve the sector moving forward in the ever-changing lending space.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories