CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Amicus launches £100m securitisation of short-term property loans
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Amicus launches £100m securitisation of short-term property loans PDF Print E-mail
Monday, 24 August 2015

Amicus Finance Plc (“Amicus”), a leading specialist in short term lending solutions, has announced that it has completed a £100m short-term mortgage-backed securitisation. 

Amicus believes that the transaction is the first securitisation in the UK market made up entirely of short term property loans, providing investors with attractive risk-adjusted returns through exposure to predominantly first-lien UK property loans.

Amicus’ first UK MBS (mortgage-backed security), Amicus Mortgage Finance 2015-1 is a regulated non-rated entity with a scheduled maturity  of July 2018, comprising a portfolio of quality short term loans with a weighted average loan to value of 60%; the term of the loans ranges from 6-18 months.

John Jenkins, CEO of Amicus commented: “This is a first for Amicus and we believe a first for the UK market. We are very excited to have launched and completed this new transaction.  We are in a strong position to offer attractive risk adjusted returns driven by the quality of our loan portfolios and our track record in underwriting and risk management.

“The UK mortgage market is seeing a sustained and growing appetite for short-term property finance driven by the tightening of mainstream bank underwriting requirements; recent changes to planning laws; and the inability of some lenders to act sufficiently quickly to respond to demand.

“There is clear investor demand for this type of short-term mortgage-backed security. Many institutions are increasing their focus on the alternative finance sector as a means of enabling enhanced returns without taking on large risks. Given the continued appetite for short term property finance, we anticipate significant growth in demand for short term syndication of this class of debt through bond issuance.”

“Our intention is to use this successful fund raising to drive our growth ambitions in the short-term lending market which as a whole has grown to an estimated volume of almost £3bn annually, according to industry data.”

(Source - Amicus Press Release)

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197