Residential Mortgage-Backed Securities October 24

Shawbrook Bank Limited has announced the successful completion of its Ealbrook Mortgage funding 2024-1 plc transaction, a £399 million securitisation of loans originated by Bluestone Mortgages Limited ('BML'). The transaction represents the second BML transaction under the Ealbrook shelf and is the tenth securitisation Shawbrook has completed to date. The c.£45 million Class B to R Notes as well as the Residual Certificates were pre-placed, with Shawbrook retaining the £354 million Class A Notes. The securitised pool is comprised of mostly owner-occupied loans secured against properties in England, Wales and Scotland. The transaction will support the Group's targeted growth trajectory, capital management and funding strategy. Dylan Minto, Chief Financial Officer commented : "We are pleased to announce the successful completion of this transaction, demonstrating our ability to broaden our funding sources and enhance capital efficiency by leveraging the strength of our Retail Mortgage Brands' originate to distribute strategy. The transaction not only supports our funding diversification objective but also provides valuable capital relief, positioning us to further drive sustainable growth. E albrook Mortgage funding 2024-1 is Shawbrook's tenth transaction. This deal attracted considerable interest from investors and adds to our track record as a solid repeat issuer into the debt capital markets. Going forward, we remain focused on executing transactions that enhance our financial resilience and support long-term value."