Enra Specialist has agreed a £250m mortgage forward flow agreement with J.P. Morgan, which involves the sale of future buy-to-let mortgages originated by Enra to J.P. Morgan.
This new initiative is focused on supporting the origination of larger buy-to-let mortgage portfolios.
The agreement follows the group’s inaugural residential mortgage-backed securitisation of its buy-to-let and second charge loans in November 2020.
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.”