Equifinance has successfully completed its first public securitisation, East One 2024 Plc. The £260m portfolio of second charge mortgages, named after the company’s postcode and head office location, saw robust demand, being fully subscribed, launched, and priced within two weeks, concluding on the 16th April 2024.
Since its inception in 2012 by Tony Marshall, Chris Payne, and Philip George (NED), Equifinance has carved a niche for itself in the second charge mortgage sector. With over £500m in second charge residential mortgages originated to date, the company is aiming to become a regular issuer in the securitisation market.
Commenting on the securitisation, CEO Tony Marshall said: “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.”
