Chetwood Funding 2025-1: 15 November 2025

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 the Originators and secured over residential properties located in England and Wales and sold by Chetwood to the Issuer on the Closing Date. The Issuer confirms that the assets backing the issue of the Notes and the Notes are not part of a re-securitisation.

As at the Portfolio Reference Date, the Provisional Portfolio comprised 2,293 Loans originated by the Originators and secured over BTL properties located in England and Wales, where the average current balance is £232,487. The originators of the loans are Landbay (44.7%), Lendinvest (33.4%) and FHL (21.95%). Repayment Method: interest only – 99.1%, repayment – 0.9%. Interest rate types: fixed – 100.00%. The WA current LTV is 76.9% (original LTV was 76.9%), the Indexed current LTV is 75.4% and the WA seasoning is 11.28 months. Additional information: self-employed – 52.81%. Geographical distribution: Greater London – 35.7%, South East – 14.4%, the North West – 12.7% and East Anglia – 11.2%.

Significant Investor: Chetwood shall on the Closing Date purchase 100% of the Class A1 Notes and the Class A2 Notes. Chetwood has no obligation to retain the Notes (including the Class A1 Notes and the Class A2 Notes) on an ongoing basis.

UK & EU Risk Retention: As at the Closing Date, the UK Retention Requirement and the EU Retention Requirement will each be satisfied by Chetwood (in its capacity as the "Retention Holder") retaining on its balance sheet certain randomly selected exposures having an aggregate nominal value equivalent to no less than 5% of the nominal value of the securitised exposures as at the Closing Date, where such exposures would otherwise have been securitised in the transaction.

US Risk Retention: The Seller does not intend to retain at least 5% of the credit risk of the securitised assets for the purposes of compliance with the final rules promulgated under section 15G of the Securities Exchange Act of 1934, but rather intends to rely on an exemption provided for in Section __.20 of the US Risk Retention Rules regarding non-US transactions.

STS: The transaction is intended to qualify as a STS securitisation within the meaning of Regulation 3(1) of the 2024 UK SR SI.

Compare/contrast: Chetwood Funding 2024-1, Braccan Mortgage Funding 2025-1 plc, Hadrian Funding 2025-1 plc