The initial forward flow agreement was agreed in July 2022 to back MT Finance’s buy-to-let (BTL) offering.
MT Finance said the latest agreement “represents a deepening of the strategic relationship between the two firms” and will allow the lender to grow its BTL offering.
It said the funding would also allow it to continue developing and growing its specialist lending proposition across other mortgage product lines.
MT Finance was founded in 2008 by Joshua Elash and Tomer Aboody and operates in the bridging and BTL mortgage markets.
Interpath advised MT Finance on the enhanced flow agreement and Ashurst LLP acted as legal counsel for MT Finance.
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Joshua Elash, founding director of MT Finance 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.”
Rob Tanna-Smith, managing director at JPMorgan, said: “Over the past three years, we have worked together with MT Finance as they launched and scaled their buy-to-let 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.”
