Albion No 8 Plc: 01 June 2026

This will be the ninth RMBS issue from Leeds Building Society and will be the eighth to use the Albion name. For history of Leeds Building Society, please see market commentary on earlier Albion transactions.

The Issuer will make payments on the Notes from payments of principal and revenue received from a portfolio comprising 4,713 repayment mortgage loans originated by Leeds Building Society and secured over residential properties located in England and Wales, purchased by the Seller between 2011 and 2025.

At cut-off (30 April 2026) all loans are current and the maximum, minimum and average Original Principal Balance of the Loans as of the Provisional Pool Date is £961,499, £17,250 and £156,621, respectively. Interest Type by loans (by outstanding principal balance): Fixed rate Mortgage Loan – 99.04%, Floating rate Mortgage Loan - 0.96%. The WA current indexed LTV is 60.6% (original WA LTV is 64.2%) and the WA seasoning is 22.4 mnths. Regional concentration (by current balances): the North West – 16.1%, South East -14.4%, Yorks & Humberside – 13.0%, the East of England – 9.2% and the South West - 9.5%.

UK & EU Risk Retention: LBS will undertake that it will retain on an ongoing basis a material net economic interest of at least 5% of the nominal value of the securitised exposures. Such interest will comprise of an interest in the first loss tranche, in this case represented by the Class B Notes.

US Risk Retention: LBS, as the sponsor under the final rules promulgated under Section 15G of the Securities Exchange Act of 1934, does not intend to retain at least 5% of the credit risk of the Notes for the purposes of 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.

STS: The transaction is intended to qualify as a simple, transparent and standardised (STS) securitisation within the meaning of Regulation 9 of the 2024 UK SR SI. On or about the Closing Date, it is intended that a notification will be submitted to the FCA by LBS, as originator, in accordance with SECN 2.5, confirming that the requirements of SECN 2.2.1R to SECN 2.2.29R (the UK STS Requirements) have been satisfied.

Compare/contrast: Albion 7, Elvet Mortgages 2026-1, Hazel Residential plc