The funding will support the lender's launch into the buy-to-let market
Specialist property finance lender MT Finance has announced that it has entered into a forward flow agreement with J.P. Morgan to support the launch of its buy-to-let mortgage offering.
The investment from J.P. Morgan in future buy-to-let mortgage originations marks another important milestone for the company that was established in 2008.
MT Finance is now operating in both the regulated and non-regulated UK bridging finance market, and the investment significantly enhances its existing lending platform through diversification into the term lending market.
The launch into buy-to-let follows the successful introduction of a regulated bridging product in 2020 and will be followed by new products in the next 12 months.
Read more: MT Finance launches into regulated bridging market.
More details on the new buy-to-let product will be made available in the coming weeks ahead of a formal launch to an initial select group of brokers.
“We look forward to working with J.P. Morgan on this exciting project. This new relationship sits neatly with MT Finance’s other significant institutional partnerships and provides us with the opportunity to continue to develop our core objective of being an ESG-focused, multi-solution, financial institution,” Joshua Elash (pictured), director and co-founder of MT Finance, said.
“This forward flow agreement provides the infrastructure to allow us to bring a truly relevant buy-to-let product to market at a time when our extensive track record of delivering certainty of funding efficiently has never been more needed.”
Rob Tanna-Smith, executive director within J.P. Morgan’s EMEA securitized products group, said they were pleased to be collaborating with MT Finance on the new product launch.
“MT Finance is a growing business with an ambitious management team and our securitised products group has been pleased to work with them on this strategic initiative and to provide significant capacity for new buy-to-let lending,” he said.
MT Finance was supported on the transaction by the EY Financial Services Corporate Finance team.
