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

The investment from J.P. Morgan in future BTL mortgage originations enhances its existing lending platform through diversification into the term lending market.

The launch into BTL follows the introduction of a regulated bridging product in 2020 and will be followed by further “new and exciting products in the coming 12 months”, MT Finance reveals.

The lender says that 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.

MT Finance director and founder Joshua Elash says: “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.” 

J.P. Morgan EMEA Securitized Products Group executive director Rob Tanna-Smith adds: “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 was supported on the transaction by the EY Financial Services Corporate Finance team.