Winchester 1 PLC: 09 November 2024

The first public transaction from Hampshire Trust, where the Issuer will make payments on the Notes from payments of principal and interest received from a portfolio comprising buy-to-let mortgage loans and their related security originated by HTB to borrowers secured on properties in England and Wales.

Hampshire Trust Bank plc is a public limited company incorporated in England and is 100% owned by Hoggant Limited, a private limited company. HTB is a specialist mortgage lender and it has more than eight years' expertise in originating and servicing buy-to-let mortgage loans in the UK.

As at the Portfolio Reference Date (31 July 2024) the pool consisted of 952 interest-only BTL loans, where the average principal balance is £422,738 and the largest is for £3.291mln. All properties are subject to full property valuation and, at the pool date, none were in arrears. Interest rate type: fixed reverting to variable – 96.18%. The current LTV is 70.11% (original LTV was 70.17%) and the WA seasoning is 22.94 months. Regional distribution: London – 33.73%, North West – 14.47%, South East – 11.34% and East Midlands – 11.16%.

UK & EU Risk Retention: On the Closing Date the Seller, as an originator for the purposes of the UK Securitisation Framework and the EU Securitisation Regulation, will retain on an ongoing basis a material net economic interest of not less than 5% in the securitisation.

Compare/contrast: Braccan Mortgage Funding 2024-1, Ealbrook Mortgage Funding 2024-1 plc, Kenrick No.4 plc