Shawbrook Group PLC Residential Mortgage-Backed Securities (RMBS)

TIDMPH56

Shawbrook Group PLC

13 December 2022

 
 Residential Mortgage-Backed Securities (RMBS) - December 2022 
 Shawbrook Bank Limited has today announced the successful completion 
  of Shawbrook Mortgage Funding 2022-1, a GBP574m 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 
 [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. 
 
   LEI: 21380071539WSMTM4410 
 

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December 13, 2022 10:24 ET (15:24 GMT)