Global Institutional Investment Manager backs MT Finance

We are delighted to announce we have entered into an agreement with a Global Institutional Investment Manager with over $1.6 Trillion of assets under management.  Under the agreement, the Fund has committed to initially acquiring up to £100m of bridging loan assets from the company.

This new agreement follows a similar agreement entered into with the same Investment Manager in 2017 and reflects the successful performance of MT Finance in the past two years. It follows MT Finance having successfully secured £50m in funding from Insight Asset Management in December 2018. MT Finance is now uniquely placed in the short-term lending sector to continue to support property professionals, business owners, and individuals with their finance requirements in the months and years ahead.

Established in 2008, by co-founders Joshua Elash and Tomer Aboody, MT Finance has grown to become one of the largest specialist lenders in the UK.  MT Finance’s reputation in the market excels for delivering fit for purpose bridging loans at sensible rates, and its approach to lending is something that has been consistently recognised within the financial services industry with the company winning various sector awards including Best Short-Term Lender at the Mortgage Strategy Awards 2019.

Joshua Elash, MT Finance co-founder, said: “This is a significant endorsement. We have shown discipline and have applied a commercial but sensible approach over the last two years. This new funding reflects the confidence our institutional partners place in MT Finance. We are delighted to continue to be partnering with one of the largest financial institutions in the world, and this additional financial support enables the company to drive forward the ambitious growth plans we have in place to ensure MT Finance continues its development towards becoming the market leading bridging finance provider.”

MT Finance is advised by the Financial Services Corporate Finance team at EY.  Joshua Elash said, “we would like to give our thanks to Nick Parkhouse and the team at EY for their continued support and guidance as a key strategic advisor.” Nick Parkhouse, a Partner in the Financial Services Corporate Finance team, said: “the team here is absolutely delighted for Joshua and Tomer and the whole team at MT Finance and look forward to continuing to support them in their future successes.”

MT Finance Hires BDM for Northern Expansion

We are pleased to announce that we have appointed Jamie Gillespie as business development manager covering the Midlands and North of England areas, to support our continued regional expansion.

He will work alongside the Company’s existing team of BDMs, headed up by Commercial Director, Gareth Lewis.

Jamie previously held roles at Freedom Finance and Fluent Money, and more recently with Seneca Bridging as business development manager.

The appointment is our second hire outside of London, following the recruitment of Richard Sherman as BDM for Wales and the South East in September 2018.

Jamie said:

“I’m massively excited about the ambitions MT Finance have and I’m looking forward to getting out on the road and offering our products and award-winning service to as many new and old faces as possible.”

Gareth Lewis, commercial director, added:

“We have been looking to strengthen our sales team and broaden our reach in order to support introducers across the country, and Jamie’s appointment is testament to this.

“Jamie’s enthusiasm and drive will be there for all to see and we look forward to him hitting the ground running.”

MT Finance appoints senior underwriter

We’re pleased to announce that MT Finance has appointed Cattrina Wigley as Senior Underwriter.

Cattrina joins MT Finance from Octopus Property (previously Dragonfly), where she was a Credit Manager.

Cattrina has over 14 years of experience working in the financial services industry having started her career in 2004 as a fully qualified regulated mortgage broker. Cattrina previously held underwriting roles at several specialist finance firms including Castle Trust, before joining Octopus Property in 2014.

In her new role, Cattrina will play a significant role in managing our lending process from application through to drawdown.

Cattrina’s appointment comes alongside two recent further hires of an Operations Manager and a New Business Executive.

Gareth Lewis, Commercial Director at MT Finance, said:

 “We are delighted to welcome Cattrina to the team at MT Finance. As part of our continued growth plans her experience will be greatly received, as will the knowledge she brings to the team. We all look forward to working with her.”

Cattrina Wigley, Senior Underwriter at MT Finance, said: 

 “MT Finance has a fantastic reputation within the industry. I’ve dealt with them in the past and have always been impressed with the way they work.

“As one of the leading specialist short-term lenders in the market, joining the MT Finance team is a great opportunity to further my skills and I’m looking forward to be a part of their growth plans and further success.”


MT Finance secures £50m funding deal from Insight Investment

MT Finance Limited (“MTF”), an award-winning specialist short-term property lender, today announces the completion of new senior and mezzanine debt facilities to enhance its lending capabilities to the UK property finance market.

MTF has raised up to £50m of senior funding from funds managed by Insight Investment alongside mezzanine funding from an unnamed UK fund manager. These new lines further diversify the funding structure of the business that currently includes a £125m committed forward-flow arrangement with a Global Institutional Investment Manager, as well as almost £100m from a portfolio of High-Net-Worth individuals.

Established in 2008 by co-founders Joshua Elash and Tomer Aboody, MTF has quickly established its reputation for providing outstanding customer service and the ability to complete loans quickly. MTF has successfully completed in excess of £200m loans in the preceding 12 months and had a record month of originations in November.

MTF’s reputation in the market excels for delivering fit for purpose bridging loans at sensible rates, and its approach to lending is something that has been consistently recognised within the financial services industry, with the company winning various sector awards including “Best Service from A Bridging Finance Provider” in the 2018 Business Moneyfacts Awards.

Joshua Elash, co-founder, said, “MTF has assisted property professionals, business owners, and individuals with their finance requirements for the last 10 years. This additional funding will enable us to continue to provide leading, competitive, and relevant products to our clients into 2019 and beyond.”

Commenting on the transaction, Jeremy Deacon, Insight Investment added,

“Our Secured Finance strategy continues to seek compelling asset-backed structures that provide our clients with attractive risk-adjusted return while capturing the complexity/illiquidity premium on offer in the private ABS market. We have known Joshua and Tomer for the past few years and they have built an impressive bridging platform underpinned by good credit and service. We are pleased to support MTF on the next stage of their journey through the provision of scalable senior funding and look forward to a fruitful relationship over the next few years.”

MTF was advised by the Financial Services Corporate Finance team at EY.

Jordan Blakesley, Senior Manager, said, “We are delighted to have assisted MTF with the debt-raising process. The support demonstrates the strength of the underlying MTF platform and will enable the MTF team to act on the sizeable opportunities they are seeing in the market.”

Lee Doyle, Matthew Pentecost, and Elizabeth Street-Thompson from the banking team at Ashurst LLP provided legal advice to MTF.

Michael Lorraine, Kathryn James, and Annabel Rolls from the asset-backed finance team at Simmons & Simmons LLP provided legal advice to Insight Investment.

MT Finance hires John Charcol broker

MT Finance is pleased to announce that we have appointed a new business development manager as part of our expansion strategy.

Richard Sherman has joined from John Charcol Mortgage Brokers, where he served as Bridging and Development Finance Specialist.

Richard will be responsible for building new relationships with brokers, as well as strengthening our existing relationships. He will cover the South West and Wales region.

Richard has more than 10 years’ experience in the specialist finance sector, having previously held roles at Santander and Barclays, before joining John Charcol in 2016.

Richard’s appointment is part of a wider expansion of mtf and comes alongside three further hires of a New Business Executive, an Accounts Assistant, and a Communications Executive.

Gareth Lewis, commercial director at MT Finance says:

 “I have always been impressed with the way Richard presented applications during his time at John Charcol, not only did he produce a clear picture of a transaction, he did it with an understanding from the lender’s perspective.

“We are looking forward to working more closely with intermediaries in the South West and Wales, listen to their feedback and grow businesses in that area.”

Richard Sherman at MT Finance, comments: 

 “When I was approached by mtf, and Gareth Lewis in particular, I was very interested to hear their plans for the future. As a lender I had used many times in the past within my role at John Charcol, I didn’t hesitate to become a part of their growing company and further success.”


mtf launches new heavy refurb bridging products

We have launched a new heavy refurb range with reduced rates to support our brokers and clients.

The new heavy refurb bridging products are available from 0.80% on LTVs of up to 70% of the open market value.

These new products are designed to cater for the increase in demand from our borrowers who are wishing to add value to their investment by undertaking heavy refurbishment works.  We accept both first and second charge applications with up to a 24-month loan term. There are no exit fees or early repayment penalties.

Borrowers can apply as individuals or through limited companies and the types of heavy refurbishment accepted include basement digs, loft conversions, completing a development project and commercial conversions to residential.

As part of the changes, we have simplified our pricing and dropped rates across our entire range. Rates now start from 0.75% on both our first and second charge bridging loans.

Over the past 10-years, mtf has been consistently improving and streamlining its processes to offer borrower-friendly, fuss-free products that are transparent from the outset.

Having listened to feedback from broker partners and clients, we have created these new products to help property investors and developers access the finance they need, with speed and with minimum fuss.

Property investors and developers are integral to the UK housing market, so it is vital they get the support they need so they can continue to provide supply to meet the ever-constant demand. At mtf, we are dedicated to supporting property investors and developers with the funding they require through our range of 1st and 2nd charge bridging loan products.

To find out more, speak a member of our team on 0203 051 2331 or click here to fill out our quick enquiry form.


mtf signs up to the Women in Finance Charter

We are delighted to announce mtf is one of 67 companies that has signed up to HM Treasury’s Women in Finance Charter today.

Today’s signatories also include: J.P. Morgan, Admiral Group, Equifax and Yorkshire Building Society, taking the total number of signatories to 272.

The Charter is a pledge for firms to work together to help build greater gender balance in financial services and according to HM Treasury, now covers over 760,000 financial services employees in the UK.

mtf is proud to commit to the Charter and we have set ourselves several targets including: maintaining 50% women in our senior management team and we are aiming for female representation on the board of directors within the next 12 months.

The Charter

  • commits firms to supporting the progression of women into senior roles in the financial services sector by focusing on the executive pipeline and the mid-tier level;
  • recognises the diversity of the sector and that firms will have different starting points – each firm should therefore set its own targets and implement the right strategy for their organisation;
  • requires firms to publicly report on progress to deliver against these internal targets to support the transparency and accountability needed to drive change.

You can read the full Women in Finance Charter here.


Gareth Lewis joins mtf as Commercial Director


mtf has appointed Lewis as its new commercial director. Lewis will be responsible for overseeing product development and identifying new propositions to help further accelerate our expansion.

mtf is delighted to announce that Gareth Lewis, previously director of bridging at Precise Mortgages, has joined the mtf team.

Lewis has more than 14 years of experience in the short-term lending market, having previously held roles at Tiuta and Cheval Property Finance, before joining Precise Mortgages in 2011.

Director of mtf, Joshua Elash, comments:

“We are delighted to welcome Gareth into the mtf family and are excited about the experience and expertise he brings with him. As we continue to grow and develop, Gareth will play a big part in our ongoing project of making mtf the market-leading specialist lender.”

Gareth Lewis, commercial director at mtf, comments: 

“The opportunity to join mtf at this exciting time in its growth was an easy decision to make. I have known Joshua, Tomer and the team for a number of years, and have always admired the way they have worked and built their reputation within the short-term market. I look forward to adding my experience to the team to help us evolve further.”

We’ve moved!

We are delighted to announce that our team has moved to a new and much bigger space, in Holborn.

We have spent the last 3 years at Oxford Circus but when we first moved in, there were six of us and plenty of room- now our team has grown considerably more and space was getting a little tight. The new office will allow us to accommodate our increase in capacity and ensure we continue to provide an excellent service to our introducing brokers and to our clients.

It has been an exciting few years for mtf, and we look at this new location as the start of another chapter in our company’s history.

We’ll be working on getting settled in, so please note mtf will close an hour early tomorrow at 4:30pm.

Please make a note of our new address for all future correspondence:

9th Floor
Holborn Tower
High Holborn

We look forward to welcoming our clients and industry colleagues over the coming months.



mtf Named Bridging Lender of the Year at the Property Wire Awards



On Friday, mtf won the award for Bridging Lender of the Year at the Property Wire Awards 2018. The award was presented by Martin Roberts, presenter of the BBC One property auction series, Homes Under the Hammer, at Eight Members Club in London.

The Property Wire Awards are brought to you by the team behind the premier global property news service: Property Wire and are an opportunity to celebrate the hard work that has been going on in the property industry, rewarding excellence and looking at the champions of the industry today and in the future.

mtf are honoured to have been acknowledged with such a prestigious award and we would like to thank all those who voted for us! We greatly appreciate your continued support.