Enra Specialist Finance has signed a £250m mortgage forward flow agreement with J.P. Morgan to sell future buy-to-let mortgages originated by subsidiary West One Loans to the investment firm.
This latest investment follows West One Loans’ inaugural residential mortgage-backed securitisation of its buy-to-let and second charge loans in November last year.
Enra said the deal would enable it to maintain stable sources of capital to continue to lend in the specialist sector and expand West One Loans’ lending capacity.
Danny Waters, CEO of Enra Specialist Finance, said: “This new relationship with J.P. Morgan is another positive move for the business.
“This collaboration allows us to further develop our West One buy-to-let offering in line with our 2021 objectives and solidifies our position within the market as a large, well-resourced, leading specialist lender.”
Eric Wragge, managing director in securitised products at J.P. Morgan, added: “We are pleased to have worked with Enra on this transaction to help scale its footprint in the buy-to-let arena and look forward to watching its continued growth as a specialist lender.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS