Residential Mortgage-Backed Securities (RMBS)

Residential Mortgage-Backed Securities (RMBS) - December 2022

Shawbrook Bank Limited has today announced the successful completion of Shawbrook Mortgage Funding 2022-1, a £574m fully retained securitisation. The transaction represents the second securitisation of Shawbrook originated loans, following its inaugural SMF 2019-1 transaction in June 2019, and is the sixth securitisation Shawbrook has completed in recent years.

The pool is comprised of 2,096 buy-to-let mortgage loans which were originated by Shawbrook and are secured against properties in England, Wales and Scotland. The transaction will provide the Group with an additional layer of funding to support its focused growth ambitions, while helping to further diversify the Group's funding base.

Dylan Minto, Chief Financial Officer commented:

"We are pleased to have successfully completed this transaction, which is Shawbrook's sixth securitisation and largest to date. This transaction has been fully retained and represents continued strategic diversification of our funding profile, whilst validating the high quality of our asset base.

This transaction significantly increases the contingent wholesale funding options available to us and demonstrates the optionality benefits our advanced liability management continues to deliver."

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

Shawbrook is designed to accommodate individuality, diversity and the dynamics of the modern world. We are driven by our purpose, to power up ingenuity to create opportunity, every single day.

Leveraging strong digital capabilities to complement deep human expertise, our 'best of both' proposition is ideally placed to provide personalised finance solutions to those with immediate and often complex needs. We offer a diversified range of practical lending and savings products across three customer franchises to serve consumers, businesses and real estate professionals.

Our advanced digital platform enables us to provide a differentiated proposition to an expanding customer base. Our multi-channel distribution and end-to-end digital capabilities are empowered by our expert talent and partnerships with a range of leading FinTech and data providers to deliver best-in-class customer experiences.

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.

LEI: 21380071539WSMTM4410