MT Finance agrees forward flow agreement with JP Morgan of

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MT Finance Group has agreed an increase of £1bn to its financing agreement with JP Morgan bringing the total size of the forward flow to £2.5bn.

The initial agreement was set up in July 2022 to support the launch of MT Finance’s buy-to-let mortgage offering.

This latest agreement will enable MT Finance to further expand its buy-to-let mortgage offering and to continue developing its specialist lending proposition.

MT Finance was established in 2008 by co-founders Joshua Elash and Tomer Aboody.

Commenting on the deal Elash 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.”