The transaction comprised a £285m portfolio of first charge BTL and prime second charge mortgages, originated under Enra’s lending brand West One Loans.

Adrian Scragg, director of funding solutions at Enra Specialist Finance, said: “I am proud of the fantastic outcome we have achieved with Elstree two.

“The high level of investor engagement and strong execution are testament to the strength and maturity of the business, and the high credit quality of the loans it originates.

“I am already looking forward to the next issuance from our programme.”

Danny Waters, chief executive of Enra Specialist Finance, added: “The securitisation is a great start to the year, and the culmination of significant work through 2021 to mature and industrialise our funding.

“In the last 12 months we have attracted new warehouse partners, established a flow agreement, grown our lending significantly and delivered on our promise to become a repeat RMBS issuer.

“The business is now extremely well placed to scale up further in 2022.”