View more on these topics

Precise Mortgages’ parent Charter Court eyes 2017 flotation


Precise Mortgages’ parent firm Charter Court Financial Services wants to float this year on the London Stock Exchange.

The firm has hired investment bankers  from Barclays and Royal Bank of Canada to work on the initial public offering.

EY is also helping with the listing, according to Sky News.

Charter Court, which also owns the Exact Mortgage Experts and Charter Savings Bank brands, ran an auction last year and called for bids in the £400m range,but the deal fell through.

BC Partners, General Atlantic Partners, a bidding group of Warburg Pincus and Centerbridge, and Varde Partners were reported to be interested in buying Charter Court.

However, at the time, Charter Court management signalled that floating was an option regardless of whether the sale went through or not.



Precise Mortgages puts buy-to-let calculator online

Precise Mortgages has put its buy-to-let calculator online so that brokers can see how much their clients can borrow and access bespoke interest coverage ratios. Many lenders have taken a blanket approach to the new Prudential Regulation Authority buy-to-let affordability rules and have raised ICRs to 145 per cent from an industry standard of 125 […]


Precise and Crystal launch Right to Buy product

Precise Mortgages has teamed up with Crystal Specialist Finance to offer an exclusive Right to Buy product with a valuation fee refund of up to £630. This product is available to all local authority or housing association tenants in England who want to buy their house through the Right to Buy scheme. Rates start from […]

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


News and expert analysis straight to your inbox

Sign up