MT Finance secures investment ahead of launch of BTL loans

Specialized property finance lender MT Finance has announced that it has entered into a forward flow agreement with JP Morgan to support the launch of its buy-to-let mortgage offering.

JP Morgan’s investment in future buy-to-let mortgage originations marks another significant milestone for the company and significantly enhances its existing lending platform through diversification into the term loan market.

MT was established in 2008 by co-founders Joshua Elash and Tomer Aboody and operates in both the UK regulated and unregulated bridge financing market.

The lender’s launch into buy-to-let follows the introduction of a regulated bridging product in 2020 and will be followed by new products in the next 12 months, supporting MT Finance’s aim to provide a wide range of products specialized lending to meet the needs of borrowers. Needs.

More details on the new buy-to-let product will be available in the coming weeks before an official launch with a first group of selected brokers.

Joshua Elash, Director and Founder of MT Finance, said: “We look forward to working with JP Morgan on this exciting project. This new relationship fits perfectly with MT Finance’s other significant institutional partnerships and provides us with the opportunity to further develop our core objective of being an ESG-focused multi-solution financial institution. 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 experience in securing effective financing has never been more needed.

Rob Tanna-Smith, Executive Director in JP Morgan’s EMEA Securitized Products Group, said: “We are delighted to collaborate with MT Finance on this exciting new product launch. MT Finance is a growing business with an ambitious management team and our securitized products group were delighted to work with them on this strategic initiative and provide significant capacity for new buy-to-let lending.