You are here: Home - News -

Charter Court sees stable flotation as investor concerns hit sector

by: Tim Chen
  • 06/10/2017
  • 0
Charter Court sees stable flotation as investor concerns hit sector
Charter Court Financial Services, parent company of mortgage lender Precise Mortgages, went ahead with its flotation on the London Stock Exchange this week.

It launched on 4 October with a share price of 230p valuing the business at £550m and has remained relatively stable since, at 234p at the time of writing.

After a cancelled £400m auction in May last year — in part collapsed by Brexit concerns – the Initial Public Offering (IPO) was seen by some as a test for post-Brexit investor confidence in the UK specialist mortgage market.

The sector has raised eyebrows this week with OneSavings Bank also in the news. OneSavings Bank shares fell 6% to 374p on Wednesday following the announcement that a major investor was selling another block of shares, but it has since recovered and shares were up to 380p at the time of writing.

Based on the volume of mortgages generated in 2016, Charter Court group was the leading specialist mortgage lender in the UK last year.

Charter Court was founded by its current management team in 2008, and operates through three core brands: property lending through Precise Mortgages, online retail savings bank Charter Savings Bank, and specialist analytics and credit consultancy Exact Mortgage Experts.

The group also reported mortgage originations of £1.3bn during the first six months of 2017, and a net mortgage loan book of £4.4bn.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
Former housing minister emerges as leader of plot to dethrone PM

Former housing minister and Conservative party chairman Grant Shapps has revealed himself as the ringleader of a plot to oust...