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Lanebrook Mortgage Transaction 2024-1 PLC: 20 May 2024

Another stand-alone transaction under the Lanebrook name where the Issuer will make payments on the Notes from a portfolio comprising mortgage loans originated by The Mortgage Lender Ltd to borrowers, secured on properties in England, Wales, and Scotland, and such mortgages sold to the Seller prior to the closing date.

As at the Portfolio Reference Date (31 March 2024) the Provisional Portfolio comprises 2,823 first-ranking buy-to-let loans originated by the seller between 4 December 2020 and 31 January 2024 and secured over properties located in England, Wales and Scotland. All loans were subject to a full property valuation. The average current balance is £208,921 and the largest loan is for £1.969mln. Repayment type: interest-only – 94.41%, repayment – 5.59%. Interest rate type: Fixed Rate Loan reverting to floating – 100.00%. Loan purpose: refinancing - 58.19%, purchase – 46.81%. The WA current LTV is 71.25% (original LTV was 71.06%) and the WA seasoning is 10.77 months. Regional distribution (by current balances): London – 39.00%, South East – 14.88%, the North West - 9.36% and the East of England – 8.73%.

Significant investor: On the Closing Date, the Seller will subscribe and pay for a proportion of the Class A Notes and all of the Class B Notes, Class C Notes, Class D Notes, Class E Notes, Class X1 Notes and Class X2 Notes.

UK & EU Risk Retention: On the Closing Date, Shawbrook, as an originator for the purposes of the UK Securitisation Regulation and the EU Securitisation Regulation (as in force on the Closing Date), will retain on an ongoing basis a material net economic interest of not less than 5% in the securitisation in accordance with Article 7 of the UK Securitisation Regulation and Article 7 of the EU Securitisation Regulation.

US Risk Retention: The Seller, as the sponsor under the US Risk Retention Rules, does not intend to retain at least 5% of the credit risk of the securitised assets for purposes of compliance with the final rules promulgated under Section 15G of the Securities Exchange Act of 1934, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

UK STS: The Seller confirms that it will make a STS notification (as defined in the UK Securitisation Regulation) to the FCA that the Notes and the Certificates are a STS-compliant securitisation pursuant to Article 18 of the UK Securitisation Regulation.