Arima Mortgages PLC: 20 October 2023

An unrated standalone non-conforming RMBS transaction, which is secured over residential and commercial properties located in England and Wales. The transaction is essentially a re-financing of loans purchased from the Farringdon Mortgages No. 2 plc and Trinidad Mortgage Securities 2018-1 transactions.

The provisional portfolio (as at 31 August 2023):-

………………………………………TMS 18 ………………….F2 ………………….Pool
Number of borrowers ………… ……. 458 …………………….140 …………….….. 598
Number of sub-accounts ……… …… 484 …………………… 140 ………………. 624
Number of properties ……………….. 520 …………………… 140 …………….…. 660
Av current balance (£) ………..… 151,682 …………..……. 101,690 ………….. 139,978
WA OLTV……………………… .....70.92%....................... ... 79.59% …………… 72.40%
WA CLTV ………………………….45.22% ……………..…... 73.22% …………….. 49.98%
WA Seasoning (years) ………… …13.22 ………………….. 18.22 ……………. .,. 14.07
Interest-only ……………………… 56.51%.................... ..... 87.40% …………..... 61.76%
BTL …………………………….…..30.96%..................... ...... 0.19% ……….......... 25.73%
Loans in Arrears >= 3 month ……. 19.00% …………….. ... 12.95% …………..... 17.97%

UK & EU Risk Retention: On the Closing Date, Barclays Bank PLC (the Retention Holder) will retain, as originator, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the UK Securitisation Regulation and Article 6(1) of the EU Securitisation Regulation.

US Risk Retention: The Retention Holder as "sponsor" under the US Credit Risk Retention Requirements intends to satisfy the US Credit Risk Retention Requirements by acquiring and retaining, directly, an eligible vertical interest equal to a minimum of 5% of the nominal value of each Class of Notes.

Compare/contrast: Farringdon Mortgages No. 2 plc, Trinidad Mortgage Securities 2018-1, Together Asset Backed Securitisation 2023-1ST2 plc