Charter Court Financial Services was founded in 2008 and is backed by US investor Elliott Management, who have not ruled out a continued stake in the firm.
Precise Mortgages launched in 2010 and specialises in the residential, buy to let and second charge markets.
Charter Court recently announced that it passed through £2.5 billion of mortgage completions to the end of October 2015.
Alan Cleary said that the firm could not comment on speculation, but confirmed the accuracy of the news.
