Precise completes fourth securitisation
Specialist lender Precise Mortgages completed its fourth public securitisation earlier this week bringing total issuance since December 2013 to over £800 million.
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The £205 million Fitch and S&P rated transaction is comprised of residential and buys to let loans.
Alan Cleary, Managing Director of Precise Mortgages commented:
“Having a diversified funding model enables us to continue with our strategy of helping borrowers underserved by high street lenders. We recently became a bank which gives us an additional funding source, we believe this will lead to Precise Mortgages becoming the specialist lender of choice for the intermediary market.”
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