Twin Bridges 2026-1: 07 July 2026

This is the thirteenth Twin Bridges transaction from Paratus (currently three are outstanding) which will again be a standalone issuance, where the Issuer will make payments on the Notes from payments of principal and revenue received from a portfolio comprising buy-to-let mortgage loans sold by Paratus AMC Limited which were originated by the Seller and secured over residential properties located in England, Wales and Scotland.

As at the Portfolio Reference Date (30 April 2026) the portfolio consisted of 2,033 buy-to-let accounts, where the average outstanding balance per loan is £196,816 and the largest is for £1.508mln. All loans were subject to a full property valuation and the majority are performing (99.33%). Borrower type: individual – 33.12%, limited company - 66.88%. Redemption type: interest-only - 95.2%, capital & interest - 4.4% and part & part - 0.4%. Loan purpose: re-mortgage - 58.8%, purchase - 41.2%. Product type: fixed - 90.4%, tracker – 9.6%. The WA CLTV is 73.28% (OLTV was 73.45%) and the WA seasoning is 14.8 months. Regional concentration: Greater London - 34.5%, South East - 12.7% and North West -11.7%.

EU & UK Risk Retention: On the Closing Date and until all the Notes have been redeemed in full, Paratus as Originator (the Retention Holder) will retain a material net economic interest of not less than 5% in the securitisation.

US Risk Retention: The Retention Holder intends to comply with the US Risk Retention requirements by acquiring on the Closing Date and retaining an eligible vertical interest of not less than 5%.

STS: On or about the Closing Date it is intended that a Notification will be submitted to the FCA by the Issuer in accordance with SECN 2.5.

Compare/contrast: Twin Bridges 2023-2, Braccan Mortgage Funding 2026-1 plc, Frontier Mortgage Funding 2026-1 plc