MT Finance has completed its first public BTL securitisation, Pierpoint BTL 2024-1.
Arranged by JP Morgan, MT Finance has called this a “significant milestone” for the firm.
As part of the securitisation process, two independent credit rating agencies 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.
Commenting on the closing of Pierpoint BTL 2024-1, Gareth Lewis - managing director at MT Finance - called this a “pivotal moment”.
“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,” said Gareth.
“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: “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."
