CMF 2024-1 PLC: 06 June 2024

The Issuer will make payments on the Notes from payments of principal and revenue received from a portfolio comprising mortgage loans and their related security originated by Charter Court Financial Services Limited under its trading name of Precise Mortgages and acquired by Broadlands, and secured over residential properties located in England, Wales and Scotland.

This transaction represents the third public securitisation transaction that is backed exclusively by prime residential mortgage loans originated by Charter Court Financial Services under its trading name of Precise Mortgages.

As at the Portfolio Reference Date (29 February 2024) the Provisional Portfolio comprises of 2,575 loans, secured over owner-occupied properties located in England, Wales and Scotland. All mortgages are first legal mortgage / first ranking standard security, all were subject to a full property valuation and none were in arrears. The average current balance is £194,253 and the largest is for £778,359. Repayment Method: repayment – 89.38%, Interest only – 8.07%, P&P – 2.55%. Interest rate types: Fixed Rate Loan reverting to BBR - 99.65%, fixed switching to LIBOR - 0.35%. Additional information (% of current balances): self-employed borrowers - 34.51%, first time buyers - 43.53%, refinanced loans - 24.47%. The WA current LTV is 65.17% (original LTV 66.96%) and the WA seasoning is 17.17 months. Regional concentration (by current balances): South East - 21.13%, East Anglia - 16.43%, the North West - 10.47% and the South West - 9.99%.

UK & EU Risk Retention: CCFS (in its capacity as originator) retains on an ongoing basis a material net economic interest of not less than 5% in the securitisation.

US Risk Retention: 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, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

STS: On or about the Closing Date, it is intended that a notification will be submitted to the FCA by CCFS, as originator, in accordance with Article 27 of the UK Securitisation Regulation, confirming that the requirements of Articles 18-22 of the UK Securitisation Regulation have been satisfied.

Compare/contrast: CMF 2023-1, Duncan Funding 2024-1 plc, Molossus BTL 2024-1 plc