Enra secures £250m mortgage originations from J.P Morgan

Enra Specialist Finance has secured £250m in future mortgage originations from J.P Morgan.

Enra secures £250m mortgage originations from J.P Morgan

Enra Specialist Finance has secured £250m in future mortgage originations from J.P Morgan.

The transaction involves the sale of future buy-to-let mortgages originated by Enra to J.P. Morgan.

According to Enra, this deal represents the latest substantial investment it has secured for its lending business West One Loans.

The company added that it believes this deal demonstrates the business’s commitment to maintaining diversified, stable sources of capital to support lending activity across its range of products.

Danny Waters, chief executive 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.”