Pavillion Mortgages 2026-1: 20 April 2026

The fourth standalone transaction via the Pavillion Mortgage name, where the Issuer's primary source of funds to make payments on the Notes will be payments received in respect of a portfolio of first ranking residential mortgage loans originated by Barclays Bank UK plc and secured on properties located in England, Wales, Scotland and Northern Ireland.

The provisional pool (as at 31 October 2025) consists of 5,097 mortgage loans where the average current balance at property level is £209,226 and the largest is for £2.835mln. Occupancy type: Owner-occupied – 56.57%, BTL – 43.43%. Original Valuation Type: Full, internal and external inspection – 86.73%, Automated valuation method – 13.27%. Repayment Type: Re-payment – 56.35%, interest only – 41.09% and P&P – 2.56%. Loan Purpose: purchase – 63.49%, re-mortgage – 32.99%, other – 3.52%. Interest rate type: Fixed with switch to floating – 45.18%, discount tracker – 36.56%, floating for life – 18.26%. Arrears: Loans in Arrears >= 3 month (% of Current Balance - Loan Level) – 10.39%. The WA current LTV is 76.47% (original LTV was 78.44%) and the WA seasoning is 44.72 months. Additional information: Self-Employed – 15.93%; First Time Buyer – 36.87%. Regional distribution: Greater London – 26.07%, South East – 21.06%, East of England – 16.84% and the South West – 7.90%.

Significant Investor: The Seller will, on the Closing Date, purchase 100% of the Class A1 and A2 Notes.

UK & EU Risk Retention: On the Closing Date, Barclays Bank plc (the Retention Holder) will retain, as sponsor, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the UK Securitisation Regulation and Article 6(1) of the EU Securitisation Regulation. As at the Closing Date, such interest will be comprised of the Retention Holder holding no less than 5% of the nominal value of each Class of Notes.

US Risk Retention: The Seller, as the sponsor under the US Risk Retention Rules, 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 Exchange Act, but rather intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non-US transactions.

UK STS: The Notes are not intended to be designated as UK STS

Compare/contrast: Pavillion Mortgages 2024-1, Elvet Mortgages 2026-1 plc