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Acenden board a new portfolio of UK residential second lien loans PDF Print E-mail
Thursday, 17 September 2015

In early August, Acenden boarded a new portfolio of second lien loans which was acquired by a fund advised by AnaCap. This new portfolio represents the fourth mortgage book boarded by Acenden in the last 12 months having successfully migrated three Irish portfolios in September 2014, April & May 2015 totalling close to €1 billion. This new portfolio of loans takes our total assets under management to £5.4 billion.

The new portfolio consists of approximately 4,600 UK regulated second lien loans which will be administered out of Acenden’s High Wycombe office.
 
Alex Maddox, Business Origination Director at Acenden said: “We are delighted to bring a new client on to our platform which adds to Acenden’s track record for providing loan servicing and asset management to investors who are active in the UK mortgage market”.

(Source - Acenden Press Release)

 

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