MT Finance secures J.P. Morgan investment to support buy-to-let lending

By Bridging Loan Directory 14th June 2022

MT Finance today announces it has agreed a forward flow agreement with J.P. Morgan to support the launch of its buy-to-let mortgage offering.

The investment from J.P. Morgan in future buy-to-let mortgage originations marks another important milestone for the company and significantly enhances its existing lending platform through diversification into the term lending market.

Established in 2008 by co-founders Joshua Elash and Tomer Aboody, MT Finance is an award-winning specialist property finance lender operating in both the regulated and non-regulated UK bridging finance market.

The launch into buy-to-let is an exciting new chapter for MT Finance. It follows the successful introduction of a regulated bridging product in 2020 and will be followed by further new and exciting products in the coming 12 months supporting MT Finance’s goal in providing a wide range of specialist lending products to meet borrowers’ needs.

Having invested consistently in technology, MT Finance has developed a sophisticated platform which automates many of its business processes.

This focus on technology also continues to give the company a competitive advantage in the market by improving the customer journey, reducing processing times, and supporting the company’s service-driven proposition.

The highly-automated platform has also enabled the company’s efficient diversification into the buy-to-let market.

More detail on the new buy-to-let product will be made available in the coming weeks ahead of a formal launch to an initial select group of brokers.

Joshua Elash, Director & Founder of MT Finance, said:

“We look forward to working with J.P. Morgan on this exciting project.

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.

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 track record of delivering certainty of funding efficiently has never been more needed.”

Rob Tanna-Smith, Executive Director within J.P. Morgan’s EMEA Securitized Products Group, said:

“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 buy-to-let lending.”

MT Finance were supported on the transaction by the EY Financial Services Corporate Finance team.