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Holmes Master Issuer (2018-1): 20 March 2018

Another issuance of the Holmes Master programme, where the master trust portfolio as at the reference date will consist of 92,585 mortgage accounts comprising loans originated by Santander UK and secured over properties located in England, Wales and Scotland having an aggregate outstanding principal balance of approximately £4.506bln as at that date (31 December 2017). The loans in the portfolio as at the reference date were originated by the seller between August 1995 and January 2016.

The average outstanding principal balance per loan is £48,672 and there are only 19 loans of greater than £700,000 in the pool. Purpose of loan (By current balances): purchase 56.57%, re-mortgage 43.43%. Repayment terms (by % of total current balances): interest-only 62.53%, repayment 37.47%. The WA LTV at origination was 69.16% and is currently (indexed) 47.21%. WA seasoning is 133.08mnths. Geographical distribution (by current balances): South East (excluding London) 21.50%, London 21.39%, East Anglia 12.03% and the North West 10.21%.

Compare/contrast: Holmes Master Issuer (2017-1), Lanark Master Issuer 2018-1