Precise to spring more BTL paper on UK RMBS market
Non-bank lender Precise has mandated leads for a new £300m RMBS transaction, backed by prime UK buy-to-let properties, despite two legacy BTL deals backed by £11.8bn of Bradford & Bingley BTL mortgages surfacing last week.
Charter Court Financial Services Limited, which originates UK residential, buy-to-let, bridging and second charge loans under the Precise Mortgages brand, is launching a £300m deal backed by a £484.6m pool of prime BTL mortgages advanced to semi-professional landlords.Lloyds Bank is arranging the deal, Precise Mortgage Funding ...
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