International law firm Addleshaw Goddard has advised more2life (M2L), one of the UK’s largest equity release lenders, on the securitisation of a pool of mortgages it originated. 

M2L originally sold the portfolio to Slatewood LP, a wholly owned direct subsidiary of Universities Superannuations Scheme Limited and the originator under the securitisation. The equity release Residential Mortgage-Backed Security (RMBS) transaction involved the private placement of A1, A2 and A3 notes for Summerhouse 1 Plc. M2L is the primary servicer under the securitisation.

The Addleshaw Goddard team advising on the transaction was led by Partner Carl Posern and included Tanim Rahman (Managing Associate), Hannah Newton (Legal Director) and Adrienn Garajszky (Associate).