Fosse Master Issuer 2019-1: 16 October 2019

Fosse 19-1

A prime RMBS transaction via the Fosse programme from originator the Santander banking group.

The expected portfolio as at the cut-off date consisted of 26,689 mortgage accounts comprising mortgage loans originated by Alliance & Leicester and/or, following the Part VII effective date, Santander UK, and secured over properties located in England, Wales, Scotland and Northern Ireland, having an aggregate outstanding principal balance of £4.304bln as at that date. The loans in the expected portfolio at the cut-off date were originated between 3 Oct 2002 and 29 March 2019.

As of the closing date, the aggregate outstanding principal balance of all loan tranches advanced by the issuer to Funding 1 under the intercompany loan agreement, including the loan tranches described herein, will be:

Class A................................................................................£1.412bln
Class B................................................................................£0.0mln
Class M ..............................................................................£0.0mln
Class C...............................................................................£0.0mln
Class D............................................................................... £0mln
Class Z............................................................................... £0.249bln

STS: The seller, as originator, has procured an STS notification to be submitted to the European Securities and Markets Association in accordance with Article 27 of the Securitisation Regulation, and to the FCA, that the requirements of Articles 19 to 22 of the Securitisation Regulation have been satisfied with respect to the issue 2019-1 notes.

Compare/contrast: Fosse Master Issuer RMBS Note Programme, Fosse 2015-01