Charter Court Financial Services Limited (CCFS), which trades with the Precise Mortgages and Exact Mortgage Experts brands, has received several upgrades from Fitch of its Primary and Special Servicing ratings.

Its UK Primary Servicer Rating was upgraded to ‘RPS2-‘ from ‘RPS3+, while its UK Special Servicer Rating was upgraded to ‘RSS2’ from ‘RSS2-’.

CCFS was awarded a banking licence on 6 January 2015 and in doing so the business met the Basel III liquidity ratio requirements as well as undergoing an intensive review by the Prudential Regulation Authority.

The firm said the ratings reflect the high level of industry experience amongst the senior management team. Stability of this group is demonstrated by the fact there have been no departures from the leadership team since Fitch’s first review of the company in 2012.

Alan Cleary, managing director of Precise Mortgages said: “We continue to develop our specialist lending proposition for our intermediary partners and this positive news confirms that our strategy is being successful.”