Precise Mortgages completes fourth securitisation

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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.”

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