Equifinance completes first public securitisation

Transaction includes a £260 million portfolio of second charge mortgages

Equifinance completes first public securitisation

Second charge lender Equifinance has successfully completed its first public securitisation, East One 2024 Plc.

The transaction included a £260 million portfolio of second charge mortgages and was fully subscribed, launched, and priced within a span of two weeks.

“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,” said Tony Marshall (pictured), chief executive of Equifinance.

“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.”

Founded in 2012 by Marshall, Chris Payne, and Philip George, Equifinance began as a niche lender within the second charge mortgage sector. After a brief hiatus, it made a full return to the second charge market in September 2020. Since its inception, the company has originated approximately £500 million in second charge residential mortgages.

With the support of funding partners, Equifinance has expanded its product range and significantly increased its market share, positioning itself to become a programmatic issuer.

The lender also credits its growth to its workforce, strong relationships with distribution and funding partners, and a broad product range designed to meet diverse customer needs.

Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.