Precise buy-to-let RMBS wins tight pricing

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 ...

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