MT Finance completes first buy-to-let securitisation

By Bridging Loan Directory 7th November 2024

Leading specialist lender MT Finance Group Limited (“MT Finance”) has today announced the successful closing of the public buy-to-let (BTL) securitisation Pierpoint BTL 2024-1.

The transaction, arranged by JP Morgan, marks a significant milestone as the first public securitisation of MT Finance originated BTL collateral.

As part of the securitisation process, two independent credit rating agencies, namely Fitch Ratings and DBRS Morningstar, conducted an operational review of MT Finance.

The comprehensive review examined every aspect of MT Finance’s operations, from origination and underwriting to servicing and risk management.

The impressive results achieved reflects the company’s commitment to operational excellence and its ability to consistently deliver sustainable growth.

Gareth Lewis, managing director at MT Finance, commented:

“The successful closing of Pierpoint BTL 2024-1 represents a pivotal moment for MT Finance.

Achieving a ‘AAA’ rating on the Class A Notes and the lowest possible stress applied to new originators coming to the public markets for the first time from these rating agencies validates our strategic vision.

Furthermore, the strong market reception demonstrates investor confidence in our business model and positions us strongly for continued growth.”

Marylen Edwards, director and head of BTL at MT Finance, added:

“Since launching our BTL proposition, we have focused on building a sustainable, high-quality lending operation that maintains the service excellence MT Finance is known for.

The remarkable feedback we received from the two rating agencies reflects our commitment to robust processes, thorough underwriting, and prudent risk management.

This securitisation provides a strong platform for our next phase of growth while ensuring we continue to support investors with competitive, flexible lending solutions.”