Residential Mortgage Backed Securities - June 2022

Residential Mortgage Backed Securities (RMBS) - June 2022

Shawbrook Bank Limited has announced the successful completion of its £352m fully retained securitisation of Bluestone Mortgages Limited ('Bluestone') originated loans. The transaction represents the fourth securitisation Shawbrook has completed in recent years, following SMF 2019-1 in June 2019, LMT 2020-1 in September 2020 and LMT 2021-1 in September 2021.

The pool is comprised of 2,094 owner occupied and buy-to-let mortgages, which are secured against properties in England, Wales and Scotland and were originated by Bluestone. This is the inaugural securitisation of mortgages originated by Bluestone, and the transaction will support the Group's growth objectives, funding strategy and capital management.

Dylan Minto, Chief Financial Officer commented:

"We are delighted to have successfully completed this transaction as it further supports our funding diversification strategy, positions Shawbrook as a solid repeat issuer into the debt capital markets and provides optionality to our Platform Lending origination channel as we widen our Originate to Distribute proposition.

This transaction increases the contingent wholesale funding options available to us and provides further evidence of how our engagement with wholesale markets is providing valuable optionality within both our funding and income strategies."

For further information, please contact:

Christopher Such

MD, Structured Funding

[email protected]

For investor enquiries, please contact:

Murray Long

Head of Investor Relations

[email protected]

About Shawbrook - Banking for the real world

Over the last decade we have built a new type of bank that is designed to accommodate individuality, diversity and the dynamics of the modern world.

Serving c.350,000 active and engaged customers during 2021, Shawbrook provides highly personalised, practical lending and savings products to individuals, businesses and real estate investors.

To serve the evolving needs of our customers, and to meet the scale of our potential, we continue to deliver on our purpose: to power up ingenuity to create opportunity, every single day.

The Group's lending activities are primarily funded by a stable retail deposit book consisting of easy access and ISA accounts, variable rate notice accounts and fixed rate fixed term accounts (mostly one - five years). Shawbrook Bank Limited is an operating entity of Shawbrook Group plc. Shawbrook Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is a member of the Financial Services Compensation Scheme.