Holmes Master Issuer (2018-2): 03 September 2018

Another issuance off the Holmes Master programme, where the master trust portfolio as at the reference date will consist of 91,993 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 £5.207bln as at that date (30 June 2018). The loans in the portfolio as at the reference date were originated by the seller between August 1995 and March 2018.

The average outstanding principal balance per loan is £56,598 and there are only 34 loans of greater than £700,000 in the pool. Purpose of loan (By current balances): purchase 58.13%, re-mortgage 41.87%. Repayment terms (by % of total current balances): interest-only 51.41%, repayment 48.59%. The WA LTV at origination was 68.58% and is currently (indexed) 47.98%. WA seasoning is 112.27mnths. Geographical distribution (by current balances): London 21.39%, South East (excluding London) 21.37%, East Anglia 12.16% and the North West 9.45%.


Compare/contrast: Holmes Master Issuer (2018-1), Lanark Master Issuer 2018-2, Permanent Master Issuer 2018-1