Precise Mortgages completes fourth securitisation

Published on

Precise Mortgages completed its fourth public securitisation this week.

It brings the total issuance since December 2013 to over £800 million.

The £205 million Fitch and S&P rated transaction is comprised of residential and buy-to-let loans.

Alan Cleary, managing director of Precise Mortgages, said: “Having a diversified funding model enables us to continue with our strategy of helping borrowers underserved by high street lenders.

“We recently became a bank which gives us an additional funding source, we believe this will lead to Precise Mortgages becoming the specialist lender of choice for the intermediary market.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

MorganAsh launches calculator to help firms estimate scale of customer vulnerability

MorganAsh has launched a calculator designed to help financial services firms gauge how many...

Average mortgage rate reaches 5.50% as market reprices

The average mortgage rate tracked by Moneyfacts has climbed to 5.50% for the first...

RSM UK urges action as house price growth stalls and transactions fall

RSM UK is calling for stamp duty reform and more support for first-time buyers...

Clydesdale Bank raises selected residential and buy-to-let rates

Clydesdale Bank is increasing a number of residential and buy-to-let product transfer rates from...

24-hour secured loan case underlines growing use of specialist finance

A secured loan completed within 24 hours is being cited as a sign of...

Latest publication

Other news

MorganAsh launches calculator to help firms estimate scale of customer vulnerability

MorganAsh has launched a calculator designed to help financial services firms gauge how many...

Average mortgage rate reaches 5.50% as market reprices

The average mortgage rate tracked by Moneyfacts has climbed to 5.50% for the first...

RSM UK urges action as house price growth stalls and transactions fall

RSM UK is calling for stamp duty reform and more support for first-time buyers...