PMM manages the Phoenix Shared Equity funds which are dedicated to acquiring portfolios of shared equity mortgages. Having purchased over 15,000 loans, encompassing the portfolios of a number of national housebuilders including Barratt and Bellway, PMM is the largest shared equity mortgage investment manager in the UK.
Shared Equity Mortgages
BRIDGING THE GAP
Shared equity loans can account for a significant proportion of a home builders’ net assets and can be a sub-optimal use of their capital. The acquisition of these portfolios has the potential to bridge the gap between external investors, who are achieving low returns on their cash, and house builders who need working capital to maintain their house building programs.
A SPECIALIST APPROACH
PMM leverages its acquisition and asset management capabilities using Hampton Mortgage Servicing, its affiliated, FCA authorised mortgage servicing platform. It was founded on the philosophy that the unique combination of features that these loans have (no/low interest bearing, long dated, secured) requires a specialist, proactive management approach.
HAMPTON MORTGAGE SERVICING
HMS is mandated to service loans acquired by Phoenix Shared Equity and third party owned shared equity portfolios. Compliance with regulatory requirements is at the heart of its operations, providing a high level of comfort to home builders who may not have the in-house resource, expertise, regulatory authorisations or appetite to manage these loans optimally themselves.
PMM can offer a range of tailored options to help loan owners accelerate the monetisation of their loan books. Our dedicated Shared Equity Mortgages asset management team is lead by David Wason. For more information please contact:
Hampton Mortgage Servicing Limited
1st Floor Molex House