Residential Mortgage-Backed Securities December 25

Shawbrook Bank Limited has announced the successful completion of its Ealbrook Mortgage funding 2025-1 plc transaction, a £325 million securitisation of loans originated by Bluestone Mortgages Limited ('BML'). The transaction represents the third BML transaction under the Ealbrook shelf and is the twelfth securitisation Shawbrook has completed to date. The c.£39 million Class B to X Notes as well as the Residual Certificates were pre-placed, with Shawbrook retaining the £293 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 : "The completion of Ealbrook Funding 2025-1 confirms our ability to raise funding efficiently through the wholesale markets and provides further diversification to the Group's funding base, further strengthening both our liquidity and capital position. Our decision to retain the Class A Notes enhances balance sheet flexibility, while the strong interest in the pre-placed tranches reflects investor confidence in the performance of our Retail Mortgage Brands' assets and in our originate to distribute strategy. We will continue to execute transactions that support our sustainable growth plans and capital management objectives."