Enra Specialist Finance

Enra secures £250m forward flow agreement with JP Morgan

Enra Specialist Finance has signed a £250m mortgage forward flow agreement with JP Morgan, in a bid to support the origination of larger BTL mortgage portfolios.

The transaction involves the sale of future BTL mortgages originated by Enra to JP Morgan.

This is the latest in a series of investments Enra has obtained for its lending business West One, which opened its proposition to the whole market in December

In November, Enra completed its first residential mortgage-backed securitisation of its BTL and second-charge loans. 

“This new relationship with JP Morgan is another positive move for the business,” said Danny Waters, CEO at Enra Specialist Finance. 

“This collaboration allows us to further develop our West One BTL offering in line with our 2021 objectives and solidifies our position within the market as a large, well-resourced, leading specialist lender.”

Eric Wragge, managing director in securitised products at JP Morgan, added: “We are pleased to have worked with Enra on this transaction to help scale its footprint in the BTL arena and look forward to watching its continued growth as a specialist lender.”

Enra Specialist Finance has £1bn of assets under management. 

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