Precise to spring more BTL paper on UK RMBS market

David Bell

April 10, 2017 01:30 PM

Zoopla_houses_AP_230x150 — To Let signs stand next to a properties in west London, Tuesday, Aug. 2, 2016. A new study has found that the proportion of people owning their homes in England has fallen to its lowest level in thirty years and that soaring prices have forced millions to abandon the dream of home ownership, with parts of northern and central England becoming increasingly unaffordable. (AP Photo/Alastair Grant) | Alastair Grant/AP

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.

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David Bell