Charter Court taps BofA for first sterling RMBS of 2020

Pound Coins
By Tom Brown
08 Jan 2020

Bank of America is arranging the first sterling RMBS of the year, Precise Mortgage Funding 2020-1B, a £432m deal from Charter Court’s securitization platform.

Lloyds and BofA are joint lead managers on the deal, a prime buy-to-let mortgage transaction backed 100% by first-lien loans originated since 2014. The pool a weighted average seasoning of 9.7 months.

The deal has a three year, £241.26m senior tranche rated triple-A by Fitch and Moody’s with ...

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