Permanent Master Issuer 2016-1: 30 November 2016

This master trust property consists of mortgage loans originated by Halifax plc and mortgage loans originated by Bank of Scotland plc.

Notes on the Master Trust: the programme allows for the substitution of the trust property with the assignment of new loans to the mortgages trust; BOS is obliged to repurchase from the trust all loans subject to a further advance. Loans subject to product switches will be retained in the trust subject to certain conditions being met; junior classes may be repaid prior to senior classes.

As of the closing date for this issue, there are 197,873 mortgage accounts in the Trust (52.04% being repayment loans and 47.96% being interest-only loans) with an average WA LTV of 44.65% and a WA seasoning of 126.41mnths. The loans in the expected portfolio as at the cut-off date were originated between 1 February 1996 and 29 October 2010.


Compare/contrast: Permanent 2015-1, Lanark Master Issuer 2016-1