MT Finance has upsized its forward flow agreement with JP Morgan by £1bn, bringing the total size to £2.5bn.
The initial agreement was put into place in July 2022 to support the launch of MT Finance’s BTL mortgage offering.
This latest agreement will enable MT Finance to expand its BTL mortgage proposition and to continue developing and expanding its specialist lending proposition across other mortgage product lines.
Interpath advised MT Finance on the enhanced forward flow agreement and Ashurst LLP acted as legal counsel to MT Finance for this deal.
Joshua Elash, founding director of MT Finance (pictured above), commented: “This latest agreement assists us in two key areas.
“Firstly, it allows us to improve and expand our product offering on our BTL 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 JP Morgan, said: “Over the past three years, we have worked together with MT Finance as they launched and scaled their BTL 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.”
Stuart Mogg, managing director at Interpath, added: “We are delighted to have advised MT Finance on securing this forward flow agreement, which provides the business with the competitive pricing and flexibility needed to scale their products effectively.
“With strong demand for such financing in the current market, this agreement positions MT Finance to support borrowers navigating an evolving market landscape.
“It has been an absolute pleasure supporting the team through this process, and we look forward to seeing their continued success in the market.”
