Lovelace 01 CBP PLC: 27 December 2025

A standalone issuance where the Issuer will make payments of principal and interest on the Notes from payments of principal and interest, in each case received from a portfolio of mortgage loans originated by Cynergy Bank plc secured on residential buy-to-let properties, commercial properties and mixed-use (residential buy-to-let and commercial) properties in England, Wales and Scotland, and certain secured overdraft facilities linked to those mortgage loans.

Cynergy Bank plc is a specialist lender focused on serving the blended financial needs of business owners, property entrepreneurs, and family businesses across the UK. The Bank offers tailored banking solutions through a relationship-led model supported by digital capabilities and has developed expertise in originating and servicing residential and commercial mortgage loans, including buy-to-let products.

As at the Cut-off date (30 September 2025) the Portfolio consisted of 547 Buy-to-let Loans advanced to 422 borrowers, and originated by the Seller between May 2006 and September 2025. The Average Current Principal Balance per Loan of £865,150 and the largest is for £6.227mln. The top 10 borrowers account for 9.3% of the portfolio. Repayment type: repayment – 67.4%, interest-only – 32.6%. Purpose of loan: Refinancing - 82.3%, Purchase – 15.4%, Investment - 1.8%. Interest type: Fixed - 69.2%, variable – 30.8%. The WA Original LTV is 53.7% and the WA Average Current LTV is 49.4%. The WA seasoning (in months) is 28.6%. Geographical Distribution by Outstanding property value: London - 64.3%, South East – 9.6% and the North West – 8.7%.

Significant Investor: On the Closing Date, the Seller will subscribe and pay for all of the Class A Notes.

UK/EU Risk Retention Rules: Cynergy, as an originator for the purposes of the UK Securitisation Framework and the EU Securitisation Regulation, will retain a material net economic interest of not less than 5% in the securitisation in accordance with Article 6 of Chapter 2 of the PRA Securitisation Rules and Article 6 of the EU Securitisation Regulation.

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 securitised assets for purposes of compliance with the final rules promulgated under the US Risk Retention Rules, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

Compare/contrast: Braccan Mortgage Funding 2025-2 plc, Ealbrook Mortgage Funding 2025-1 plc, Meridian Funding 2025-1 plc