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Latest News, Press Releases | Mike Kawczynski

Enra Specialist Finance secures £250m investment in future mortgage originations from J.P. Morgan

Enra Specialist Finance has announced today (11th February 2021) that it has signed a £250m mortgage forward flow agreement with J.P. Morgan. The transaction involves the sale of future buy-to-let mortgages originated by Enra to J.P. Morgan.

This is the latest in a series of substantial investments Enra has secured for its lending business West One Loans. This new initiative is focused on supporting the origination of larger buy-to-let mortgage portfolios.

The agreement follows hot on the heels of the business’s inaugural residential mortgage-backed securitisation of its buy-to-let and second charge loans in November 2020.

This deal further demonstrates the business’s commitment to maintaining diversified, stable sources of capital to support lending activity across its range of products, which also includes bridging and development finance.

Enra Specialist Finance has £1bn of assets under management and will continue to grow its infrastructure as it continues the expansion of West One’s lending capacity. Distribution capability is gathering in strength as indicated by West One joining more lender panels including recent deals with Legal & General Mortgage Club and Dynamo.

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.”

< West One Loans Buy-to-Let extends borrower exposure to £5mWest One Loans’ buy-to-let launches with PMS and Sesame >

Our Companies

Since we first entered the specialist loans market back in 2002, we’ve built, acquired and grown businesses to become one of Europe’s fastest-growing property finance and specialist lending groups, as recognised by the FT1000.

Lending:

West One

Market Leading Specialist Finance

West One is a multi-product specialist lender acquired by Enra in 2014. As one of the UK's leading specialist lenders, West One is renowned for offering one of the most comprehensive and competitive lending portfolios in the UK. The award winning team have a wealth of experience and are committed to solving even the most complex cases.

Services Include:

  • Bridging Loans
  • Buy-to-Let Mortgages
  • Development Finance
  • Second Charge Mortgages
West One

Broking:

Vantage Finance

Your expert master broker

Acquired by Enra in 2018, Vantage Finance is an industry-leading master broker with a focus on providing first-class service. The team's in-depth knowledge of the property finance markets combined with their wealth of industry connections has earned Vantage the reputation for finding simple solutions for complex financial problems.

Services include:

  • Bridging Finance
  • Complex Buy-to-Let
  • Second Charge Mortgages
  • Development Finance
  • Commercial Mortgages
  • First Charge Mortgages
Vantage Finance
Enterprise Finance

Specialist property finance that delivers

Established in 2002 and the founding brand within Enra, Enterprise Finance are an experienced specialist finance distributor with an industry reputation for delivering fast and effective results for their clients. The team are dedicated to cutting out the complexity of complex cases and connecting intermediaries and their clients to the most competitive solutions on the market.

Services include

  • Bridging Finance
  • Second Charge Mortgages
  • Development Finance
  • Complex Buy-to-Let mortgages
  • Commercial Mortgages
Enterprise Finance