Precise Mortgages Issues Third Securitisation
03 December 2014
Charter Court Financial Services Limited (CCFS), under its brand name Precise Mortgages, issued its third public securitisation last week (Precise Mortgage Funding 2014-2 PLC). The deal follows on from CCFS’ two previous transactions, both of which continue to perform exceptionally well.
The £230 million Fitch and S&P rated transaction brings CCFS’ total issuance since December 2013 to over £600M.
CCFS, acting under its brand name Exact Mortgage Experts, retains servicing of the portfolio. Exact is a premium Fitch rated UK third-party mortgage administrator with Fitch ratings of RSS2- for its Special Servicing and RPS3+ for Primary Servicing.
For further information, you can download the New Issue reports from Fitch Ratings’ and S&P’s websites.