The £205m Fitch and Standard & Poors rated transaction is comprised of residential and buy-to-let loans.
Alan Cleary, managing director of Precise Mortgages, said: “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.”
