MT Finance Group has announced an upsize of £1bn to its forward flow agreement with J.P. Morgan, bringing the total size of the forward flow to £2.5bn.
The initial agreement was put into place in July 2022 to support the launch of MT Finance’s buy-to-let mortgage offering.
This latest agreement will enable MT Finance to expand its buy-to-let mortgage offering and to continue developing and expanding its specialist lending proposition across other mortgage product lines.
Joshua Elash (pictured), founding director of MT Finance, said: “This latest agreement assists us in two key areas. Firstly, it allows us to improve and expand our product offering on our buy-to-let mortgage business in a very focused and strategically important fashion. Secondly, it provides us with the infrastructure to diversify and launch into other areas of the mortgage market, something we intend to do later this year."
Rob Tanna-Smith, managing director at J.P. Morgan, commented: “Over the past three years, we have worked together with MT Finance as they launched and scaled their buy-to-let mortgage offering, complementary to their well-established bridging finance proposition. Broadening this collaboration is the natural next step in supporting MT Finance as they strategically position the business for further growth.”
