Beckett Mortgages 2025-1 DAC: 04 October 2025

A standalone transaction, where the Issuer will make payments on the Notes from payments of principal and revenue on a portfolio comprising mortgage loans secured over residential properties located in Ireland. The loans in the Mortgage Portfolio were originated by Nua Money Limited (the Original Seller) and acquired by the Seller from the Original Seller.

At the cut-off date (1 August 2025) the provisional pool consisted of 816 performing mortgage loans, where the average mortgage loan balance is Eur281,945 and largest current balance is Eur1.497mln. Occupancy Type (by current balances): Owner occupied – 100.0%. Mortgage type: Purchase – 81.31%, Re-mortgage with Equity Release – 5.78%, Equity Release – 5.64%, others – 7.27%. Interest Rate Type: Fixed with switch to floating – 100.0%. Additional information: First Time Buyer – 49.69%. self-employed – 16.11%. The indexed CLTV is 70.63% (original LTV was 70.86%) and the WA seasoning is 2.9 mnths. Regional concentration: Dublin – 46.70%, Cork – 6.58% and Meath – 5.51%.

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.

US Risk Retention: The transaction .. is not intended to involve the retention by a sponsor of at least 5% of the "credit risk" of the "securitized assets" for the purposes of compliance with Section 15G of the U.S. Securities Exchange Act of 1934….. but rather the intention is to rely on an exemption provided for in Section 20 of the U.S. Credit Risk Retention Requirements regarding non-U.S. transactions.

STS: On the Closing Date, it is intended that a notification will be submitted to ESMA and the Central Bank of Ireland by Barclays Bank Ireland PLC, as originator, in accordance with Article 27 of the EU Securitisation Regulation, confirming that the requirements Article 18 and Articles 19 to 22 of the EU Securitisation Regulation for designation as non-ABCP traditional EU STS securitisation (the EU STS Requirements) have been satisfied with respect to the Notes.

Compare/contrast: Jamestown Residential 2024-1 DAC, Kinbane 2025-RPL 1 DAC,