Charter Court is the parent company of Precise Mortgages, Charter Savings Bank and Exact Mortgage Experts.

Charter Court hopes the IPO will position the company for the next stage of its development and further raise its profile, while assisting in retaining and incentivising employees and providing it with a platform for future growth as well as enabling the selling shareholders to partially release their investment.

"Since our formation in 2008, the hard work in building this bank and its scalable growth platform has resulted in us being one of the leading specialist mortgage lenders in the markets in which we operate and we have also built a successful online savings bank offering sight and term deposits,” said Ian Lonergan, CEO of Charter Court.

“We are now focused on the next phase of our development intended to drive sustainable, profitable growth and generate attractive returns while maintaining our approach to asset quality.”

Charter Court is a specialist lender in the buy-to-let, specialist residential, second charge and bridging markets. It had a £4.4b net mortgage loan book as of 30th June 2017 and has generated mortgage originations of £2.5bn in 2016, up 55% on 2015.

Ian added: "We believe this is therefore the right time for this IPO, which will enhance our profile as we look to leverage our specialist skills and capabilities to exploit the opportunities we see for further growth in our chosen specialist mortgage markets."

Broker Peel Hunt is acting as co-lead manager on the transaction alongside a number of major banks.