This new facility further diversifies the funding structure of the business, and will allow MT Finance to continue expanding its existing lending within the UK short-term finance market.

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It also strengthens the relationship between MT Finance and JP Morgan after the agreement of a forward flow to support the launch of its BTL mortgage offering in July 2022.  

Ben Lawrence, CFO at MT Finance (pictured above), commented: “We are delighted to have the opportunity to further develop the already strong relationship with JP Morgan.

“Having experienced significant growth in 2023, this new funding line provides us with additional capacity to continue this exciting trajectory.”  

Rob Tanna-Smith, executive director at JP Morgan’s EMEA securitized products group, added: “We are pleased to be broadening our relationship with MT Finance with this new funding line.

“This transaction is a clear indication of the scale of MT Finance’s ambitious plans for growth within the specialist lending sector.”