MT Finance

MT Finance secures JP Morgan investment for BTL launch




MT Finance has procured a forward flow agreement with JP Morgan to support the launch of its BTL mortgage offering.

JP Morgan’s investment in future BTL mortgage originations is another important milestone for the specialist short-term lender, by helping it diversify into the term lending market.

EY Financial Services Corporate Finance supported MT Finance on the transaction, and more detail on the new BTL product will be made available to an initial select group of brokers in the coming weeks, ahead of a formal launch.

“We look forward to working with JP Morgan on this exciting project,” said Joshua Elash, director at MT Finance (pictured above).

“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.”

Rob Tanna-Smith, executive director at JP Morgan’s EMEA securitised products group, commented: “We are pleased to be collaborating with MT Finance on this exciting 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 BTL lending.”

The news follows MT Finance’s introduction of a regulated bridging product in 2020.

The agreement is part of the finance provider’s goal to provide a wide range of specialist lending products to meet borrowers’ needs, with further new products expected in the coming year.

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