Hawksmoor Mortgage Funding 2026-1 plc : 26 May 2026

This is a refinancing of the Stratton Hawksmoor 2022-1 transaction, which originally closed in August 2022, and is a re-securitisation of loans seen earlier in the Clavis, Hawksmoor 2019-1 and Stratton 2019-1 transactions.

The Issuer will make payments on the Debt and the Certificates from payments of principal and revenue received from a portfolio comprising mortgage loans and their related security sold on the Closing Date by Braavos Seller DAC and secured over residential properties located in England, Wales, Northern Ireland and Scotland, which will be purchased by the Issuer on the Closing Date.

The provisional portfolio consists of 14,099 loans secured on 14,019 properties and extended to 13,983 borrowers. Origination: Hawksmoor - 12,311 loans / 83.33% of pool; Stratton-Clavis - 1,788 loans / 16.67% of pool. The average current balance per Loan is £82,891 and the largest is £1.455mln. Occupancy Type: Owner-Occupied – 91.53%, BTL – 8.47%. Repayment Method: Interest Only – 77.41%, Repayment – 19.46%, Part & Part – 3.13%. Interest Rate Type: Floating – 82.52%, Floating (for life) – 16.66%, other – 0.83%. The WA indexed LTV is 47.25% (original LTV was 82.34%) and the WA seasoning is 230.65 months. Additional info: Self-employed – 30.55%, Self-certified – 26.47%, CCJs – 12.41%, Greater or equal to 3 Months in Arrears – 23.95%. Regional distribution: Greater London – 14.22%, North West – 14.21%, South East – 11.66% and Yorkshire & Humberside – 9.15%.

UK & EU Risk Retention: On the Closing Date, Bank of America NA London Branch (the "Retention Holder") as Originator for the purposes of 2024 UK SR SI, will retain on an ongoing basis so long as any Debt remains outstanding a material net economic interest of not less than 5% in the securitisation as required by and in accordance with the PRA Retention Rules and the FCA Retention Rules. In addition, although the EU Securitisation Regulation is not applicable to it, the Retention Holder will retain (on a contractual basis), as originator, on an ongoing basis so long as any Debt remains outstanding, a material net economic interest of not less than 5% in the securitisation in accordance with EU Retention Requirements. Such interest will comprise the retention of not less than 5% of the nominal value of each tranche sold or transferred to investors on the Closing Date, in this case represented by the Retention Holder holding the VRR Loan Notes.

US Risk Retention: The Retention Holder, as Sponsor (as defined in the US Credit Risk Retention Requirements) intends to satisfy the US Credit Risk Retention Requirements by acquiring and retaining (i) the VRR Loan Notes representing at least 5% of the nominal value of each Class of Debt and each Class of Residual Certificates and (ii) 5% of the nominal value of the S Certificates. Such retention of the US Retained Interest will represent at least 5% of all "ABS interests" in the Issuer.

STS: The Notes are not intended to be designated as a STS securitisation for the purposes of the EU Securitisation Regulation or the UK Securitisation Regulation.

Compare/contrast: Stratton Hawksmoor Mortgages 2022-1 plc (redeemed), Aldbrook Mortgage Transaction 2026-1 plc, Braccan Mortgage Funding 2026-1 plc