Precise buy-to-let RMBS wins tight pricing

Houses_different_sizes_230x150
By Bill Thornhill
17 Jan 2018

The strength of demand for UK RMBS was highlighted on Wednesday with the launch of Charter Mortgages’ Precise Mortgage Funding 2018-1B, with the deal being priced well inside of initial guidance and all tranches subscribed multiple times over.

The buy-to-let mortgage offering was announced last week. On Monday, initial spreads for the class ‘A’, ‘B’, ‘C’ and ‘D’ notes were respectively set at 70bp-75bp over three month Libor, low 100bp area, mid to high 100bp and 200bp to low 200bp area.

On Wednesday, the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.