Residential Mortgage Backed Securities - June 23

Shawbrook Group PLC

29 June 2023

 

Residential Mortgage-Backed Securities (RMBS) - June 2023

Shawbrook Bank Limited has today, 29 June 2023, announced the successful completion of its Holbrook Mortgage Transaction 2023-1. The £678m fully retained transaction represents the first securitisation of Shawbrook-funded owner-occupied loans originated by The Mortgage Lender ('TML'), and is the seventh securitisation Shawbrook has completed to date.

The pool is comprised of 3,577 owner-occupied mortgage loans secured against properties in England, Wales and Scotland. The transaction will support the Group's targeted growth trajectory, funding strategy and capital management.

Dylan Minto, Chief Financial Officer commented: "This fully retained transaction, which is our first structured trade of TML owner-occupied originated loans, significantly increases the contingent wholesale funding options available to us.   As our seventh transaction to date, our strong track record of high-quality RMBS issuances, provides additional evidence that our sophisticated approach to liability management and flexible platform is a great formula for providing attractive funding optionality."

For further information, please contact: Christopher Such MD, Structured Funding [e-mail] For investor enquiries, please contact: Murray Long Head of Investor Relations [e-mail] 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.

 

END