TIDM83NO
RNS Number : 0832Q
Lanark Master Issuer PLC
14 February 2019
IMPORTANT NOTICE
IMPORTANT: You must read the following before continuing. The
following applies to the final terms following this page (the
"final terms"), and you are therefore advised to read this
carefully before reading, accessing or making any other use of the
final terms. In accessing the final terms, you agree to be bound by
the following terms and conditions, including any modifications to
them any time you receive any information from us as a result of
such access.
NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO
SELL OR A SOLICITATION OF AN OFFER TO BUY THE NOTES DESCRIBED
HEREIN AND THE BASE PROSPECTUS.
THE NOTES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMED (THE "SECURITIES
ACT") OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR
OTHER RELEVANT JURISDICTION. THE ISSUER HAS NOT REGISTERED AND DOES
NOT INT TO REGISTER AS AN INVESTMENT COMPANY UNDER THE INVESTMENT
COMPANY ACT OF 1940, AS AMED. IN ORDER TO BE ELIGIBLE TO READ THE
FINAL TERMS OR MAKE AN INVESTMENT DECISION WITH RESPECT TO THE
NOTES DESCRIBED THEREIN, YOU MUST EITHER (1) NOT BE A "U.S. PERSON"
AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OR (2) BE A
"QUALIFIED INSTITUTIONAL BUYER" WITHIN THE MEANING OF RULE 144A
UNDER THE SECURITIES ACT (A "QIB").
In the United Kingdom, the final terms are directed only at
persons who (i) are investment professionals within the meaning of
Article 19 of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 or (ii) are persons falling within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc") of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (all such persons together being
referred to as "relevant persons").
The final terms must not be acted on or relied upon by persons
other than relevant persons. Any investment or investment activity
to which this communication relates is available only to relevant
persons and will be engaged in only with relevant persons.
The final terms may not be forwarded or distributed to any other
person and may not be reproduced in any manner whatsoever. Any
forwarding, distribution or reproduction of the final terms in
whole or in part is unauthorised. Failure to comply with this
directive may result in a violation of the Securities Act or the
applicable laws of other jurisdictions.
The final terms are being sent at your request and by accepting
the email and accessing the final terms, you shall be deemed to
have represented to us that (1) you and any customers you represent
are not a U.S. person, and the electronic mail address that you
have given to us and to which this email has been delivered is not
located in the U.S., its territories and possessions (including
Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake
Island and the Northern Mariana Islands), or any state of the U.S.
or the District of Columbia or (2) you are a QIB; and that you
consent to delivery of the final terms by electronic transmission
and that you agree to the terms set out herein.
You are reminded that the final terms have been delivered to you
on the basis that you are a person into whose possession the final
terms may be lawfully delivered in accordance with the laws of the
jurisdiction in which you are located and you may not, nor are you
authorised to, deliver the final terms to any other person.
The materials relating to the offering do not constitute, and
may not be used in connection with, an offer or solicitation in any
place where offers or solicitations are not permitted by law. If a
jurisdiction requires that the offering be made by a licensed
broker or dealer and the managers or any affiliate of the managers
is a licensed broker or dealer in that jurisdiction, the offering
shall be deemed to be made by the managers or such affiliate on
behalf of the issuer in such jurisdiction.
The final terms have been sent to you in an electronic form. You
are reminded that documents transmitted via this medium may be
altered or changed during the process of electronic transmission
and consequently none of Lanark Master Issuer plc, Clydesdale Bank
PLC, Merrill Lynch International as the arranger for the issue and
as a manager, BNP Paribas, London Branch, Citigroup Global Markets
Limited,
Standard Chartered Bank and Wells Fargo Securities, LLC each as
a manager, or any person who controls Lanark Master Issuer plc, the
arranger, any manager or any director, officer, employee, agent or
affiliate of any such person accepts any liability or
responsibility whatsoever in respect of any difference between the
final terms distributed to you in electronic format herewith and
the hard copy version available to you on request from any
manager.
IMPORTANT - PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The
notes are not
intended to be offered, sold or otherwise made available to and
should not be offered, sold or otherwise made available to any
retail investor in the European Economic Area ("EEA"). For these
purposes, a retail investor means a person who is one (or more) of:
(i) a retail client as defined in point (11) of Article 4(1) of
Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer
within the meaning of Directive 2002/92/EC (as amended or
superseded), where that customer would not qualify as a
professional client as defined in point (10) of Article 4(1) of
MiFID II. Consequently no key information document required by
Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering
or selling the notes or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or
selling the notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPs
Regulation.
MIFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLY
TARGET MARKET - Solely for the purposes of each manufacturer's
product approval process, the target market assessment in respect
of the notes has led to the conclusion that: (i) the target market
for the notes is eligible counterparties and professional clients
only, each as defined in Directive 2014/65/EU (as amended, "MiFID
II"); and (ii) all channels for distribution of the notes to
eligible counterparties and professional clients are appropriate.
Any person subsequently offering, selling or recommending the notes
(a "distributor") should take into consideration the manufacturers'
target market assessment; however, a distributor subject to MiFID
II is responsible for undertaking its own target market assessment
in respect of the notes (by either adopting or refining the
manufacturers' target market assessment) and determining
appropriate distribution channels.
13 February 2019
Lanark Master Issuer plc
(Incorporated with limited liability in England and Wales,
registered number 6302751)
Issue of series 2019-1 notes
under its GBP20 billion residential mortgage backed note
programme
The series 2019-1 notes will comprise the following classes of
notes:
Expected s
Rating
------------- --------- -----------
Initial Standard
principal class Final maturity Issue price Fitch Moody's & Poor's
amount
-------------- --------- ---------------- ------------- ------------- --------- -----------
Class December
$325,000,000 1A1 2069 100% AAAsf Aaa(sf) AAA(sf)
GBP350,000,000 Class December 100% AAAsf Aaa(sf) AAA(sf)
1A2 2069
Terms used herein shall be deemed to be de ned as such for the
purposes of the terms and conditions of the notes set forth in the
base prospectus dated 21 June 2018 (the "base prospectus") which
constitutes a base prospectus for the purposes of Directive
2003/71/EC as amended (the "Prospectus Directive"). This document
is not a prospectus for the purposes of Section 12(a)(2) or any
other provision or rule under the United States Securities Act of
1933, as amended (the "Securities Act"). This document constitutes
the final terms of the notes described herein for the purposes of
Article 5(4) of the Prospectus Directive and must be read in
conjunction with the base prospectus. Full information on the
issuer and the offer of the notes is only available on the basis of
the combination of these final terms and the base prospectus. The
base prospectus is available for viewing at the of ces of the
paying agent at Winchester House, 1 Great Winchester Street, London
EC2N 2DB and copies are available at the registered address of the
issuer at Winchester House, Mailstop 429, 1 Great Winchester
Street, London EC2N 2DB. These final terms may be used to offer and
sell the series 2019-1 notes only if accompanied by the base
prospectus.
The notes set forth will be admitted
An application has been made for the notes to be admitted to the
official list and application has been made to the London Stock
Exchange for the notes to be admitted to trading on its regulated
market.
The base prospectus, its supplements and the final terms will be
made available in electronic form on the website of the regulated
market of the London Stock Exchange at
http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.
Arranger for the issue
BofA Merrill Lynch*
Join Lead Managers for the issue
BofA Merrill Lynch BNP PARIBAS
Citigroup Wells Fargo Securities
Co-Manager for the issue
Standard Chartered Bank
* BofA Merrill Lynch means Merrill Lynch International
The following are the specific terms and conditions relating to
the series 2019-1 notes and form part of the terms and conditions
of the notes as applied to the series 2019-1 notes (and solely with
respect to the series 2019-1 notes) by the issuer trust deed and
constitute the final terms of the series 2019-1 notes for the
purposes of Article 5.4 of the Prospectus Directive.
1. Issue of the notes
(a) Issuer
Lanark Master Issuer plc
(b) Series
Series 2019-1
(c) Closing date and earliest date on which Securities will be admitted to trading
14 February 2019
(d) Initial principal amount
Initial principal
Notes amount
------------------------------------------------------------------------------------------- ----------------------
Series 2019-1 class 1A1 notes
........................................................................... $325,000,000
Series 2019-1 class 1A2 notes GBP350,000,000
...........................................................................
(e) Issue price
100% of the initial principal amount in relation to each class
of notes in the series 2019-1 notes
(f) Expected Ratings
Notes Ratings
-------------------------------------------------- ---------- ---------- ----------
Standard
Moody's Fitch & Poor's
---------- ---------- ----------
Series 2019-1 class 1A1 notes Aaa(sf) AAAsf AAA(sf)
.................................................
Series 2019-1 class 1A2 notes Aaa(sf) AAAsf AAA(sf)
.................................................
(g) Selling restrictions
The notes may be offered and sold only in compliance with
applicable laws and regulations. See "Transfer Restrictions" in the
base prospectus.
2. Form and holding of the notes
(a) Reg S notes and Rule 144A notes
The series 2019-1 class 1A1 notes are either Reg S notes or Rule
144A notes The series 2019-1 class 1A2 notes are either Reg S notes
or Rule 144A notes
Reg S global note certificates are registered in the name of a
nominee of a common safekeeper for Euroclear and Clearstream,
Luxembourg
Rule 144A global note certificates denominated in a currency
other than US dollars are registered in the name of a nominee of a
common safekeeper for Euroclear and Clearstream, Luxembourg
Rule 144A global note certificates denominated in US dollars are
registered in the name of a nominee of Cede & Co., as nominee
of DTC
(b) Specified currency
US dollars in respect of each class of notes in the series
2019-1 notes that is denominated in US dollars
Pounds sterling in respect of each class of notes in the series
2019-1 notes that is denominated in pounds sterling
(c) Speci ed denominations
For each class of notes in the series 2019-1 notes denominated
in US dollars, $200,000 and integral multiples of $1,000 in excess
thereof
For each class of notes in the series 2019-1 notes denominated
in pounds sterling,
GBP100,000 and integral multiples of GBP1,000 in excess
thereof
(d) Additional Business Centre(s)
Not applicable
(e) Any clearing system(s) other than DTC, Euroclear, or Clearstream, Luxembourg
Not applicable
(f) Additional Paying Agent(s)
Not applicable
(g) Delivery
Delivery against payment
(h) Clearing System Codes
Common Common
CUSIP ISIN (Rule ISIN code code (Reg
Notes (Rule 144A) (Reg S) (Rule S)
144A) 144A)
---------- ---------- ------------------ ------------ ----------- -------------
Series 513770 US513770BB22 XS1950916178 N/A 195091617
2019-1 BB2
class
1A1 notes
Series N/A XS1950915790 XS1950915444 195091579 195091544
2019-1
class
1A2 notes
(i) Estimate of total expenses related to admission to trading
GBP8,100
(j) Placement disclosure for PCS purposes only
Not applicable
3. Interest on the notes
(a) Interest commencement date
14 February 2019
(b) Fixed rate note provisions
Not applicable
(c) Floating rate note provisions
The floating rate note provisions are applicable to the series
2019-1 notes
(i) Note payment dates
For each class of the series 2019-1 notes, the monthly payment
date falling in February, May, August and November in each year up
to and including the final maturity date or, following the earlier
to occur of the step-up date (if any) for such notes and a
pass-through trigger event, the 22nd day of each calendar month of
each year up to and including the final maturity date. The first
note payment date in respect of each class of notes in the series
2019-1 notes will be the note payment date falling in May 2019.
(ii) Business day convention
Following Business Day convention
(iii) Screen rate determination
The screen rate determination provisions are applicable to the
series 2019-1 notes
(A) Reference rate
For each interest period for each class of notes in the series
2019-1 notes denominated in US dollars, three-month USD LIBOR or,
in respect of the first interest period for each class of notes in
the series 2019-1 notes denominated in US dollars, the linear
interpolation of three-month USD LIBOR and six-month USD LIBOR and
for each interest period for each class of notes in the series
2019-1 notes denominated in US dollars following the earlier to
occur of the step-up date (if any) and a pass-through trigger
event, three-month USD LIBOR
For each interest period for each class of notes in the series
2019-1 notes denominated in pounds sterling, three-month sterling
LIBOR or, in respect of the first interest period for each class of
notes in the series 2019-1 notes denominated in pounds sterling,
the linear interpolation of three-month sterling LIBOR and
six-month sterling LIBOR and for each interest period for each
class of notes in the series 2019-1 notes denominated in pounds
sterling following the earlier to occur of the step-up date (if
any) and a pass-through trigger event, three-month sterling
LIBOR
(B) Interest determination date(s)
For the series 2019-1 class 1A1 notes, the second day on which
commercial banks are open for general business (including dealings
in foreign exchange and foreign currency deposits) in London prior
to the start of each floating interest period
For the series 2019-1 class 1A2 notes the first day of each
floating interest period
(C) Relevant screen page
Reuters Screen Libor 01 Page
(iv) ISDA determination
Not applicable
(v) Margin(s)
Margin for
each floating Margin for
interest each floating
Notes period up interest period
to (but from (and
excluding) including)
the step-up the step-up
date date
--------------------------------------- --------------- -----------------
Series 2019-1 class 1A1
notes................................ 0.77% 1.54%
Series 2019-1 class 1A2
notes................................ 0.82% 1.64%
(vi) Step-up date
Step-up
date -
Notes the note
payment
date falling
in
----------------------------------------------------------------------------------------------------- -------------
Series 2019-1 class 1A1 August
notes............................................................................... 2021
Series 2019-1 class 1A2 August
notes............................................................................... 2021
(vii) Maximum rate of interest and minimum rate of interest
The minimum rate of interest on the Series 2019-1 notes shall be
zero.
(viii) Day count fraction
For each class of notes in the Series 2019-1 notes denominated
in US dollars, Actual/360
For each class of notes in the Series 2019-1 notes denominated
in pounds sterling, Actual/365
(ix) Party responsible for calculating the rate of interest and
interest amount (if not the agent bank)
Not applicable
4. Repayment of the notes
(a) Type of note
The series 2019-1 notes are controlled amortisation notes
(b) Details relating to bullet notes
Not applicable
(c) Details relating to controlled amortisation notes
Applicable
Series Series
2019-1 2019-1
class 1A1 class 1A2
notes notes
-------------- --------------
Target Target
Controlled amortisation dates balance balance
the note payment date falling ($) (GBP)
in
------------------------------------------------------------------------------------------------------ -------------- --------------
Feb-19............................................................................................... 325,000,000.00 350,000,000.00
May-19 ............................................................................................. 325,000,000.00 350,000,000.00
Aug-19 .............................................................................................. 303,333,333.33 326,666,667.67
Nov-19 .............................................................................................. 281,666,667.67 303,333,333.33
Feb-20............................................................................................... 266,500,000.00 287,000,000.00
May-20 ............................................................................................. 247,000,000.00 266,000,000.00
Aug-20 .............................................................................................. 227,500,000.00 245,000,000.00
Nov-20 .............................................................................................. 205,833,333.33 221,666,667.67
Series Series
2019-1 2019-1
class 1A1 class 1A2
notes notes
-------------- --------------
Target Target
Controlled amortisation dates balance balance
the note payment date falling ($) (GBP)
in
------------------------------------------------------------------------------------------------------ -------------- --------------
Feb-21............................................................................................... 184,166,667.67 198,333,333.33
May-21 ............................................................................................. 162,500,000.00 175,000,000.00
Aug-21 .............................................................................................. 140,833,333.33 151,666,667.67
Nov-21 .............................................................................................. 0 0
Feb-22............................................................................................... 0 0
May-22 ............................................................................................. 0 0
Aug-22 .............................................................................................. 0 0
Nov-22 .............................................................................................. 0 0
Feb-23............................................................................................... 0 0
May-23 ............................................................................................. 0 0
Aug-23 .............................................................................................. 0 0
Nov-23 .............................................................................................. 0 0
Feb-24............................................................................................... 0 0
May-24 ............................................................................................. 0 0
Aug-24 .............................................................................................. 0 0
Notwithstanding the target balance shown for the series 2019-1
class 1A1 and class 1A2 notes on the note payment date occurring in
August 2021, it is expected that, subject to having sufficient
funds and to other commercial considerations, the issuer will
exercise its option to redeem the series 2019-1 notes in full on
the note payment date occurring in August 2021 (which is the
step-up date for such notes), pursuant to the conditions.
(d) Details relating to pass-through notes
Not applicable
(e) Redenomination
Not applicable
(f) Final maturity date
Notes Final maturity date - the note
payment date falling in
------------------- ----------------------------------------
Series 2019-1 class December 2069
1A1 notes .....
Series 2019-1 class December 2069
1A2 notes .....
5. Money market notes
Not applicable
6. Required subordinated percentage and reserves
(a) Required subordinated percentage
Notes Required subordinated percentage
------------------------------------------------------------------------ ------------------------------------------
class A Prior to the monthly payment
notes*.............................................................. date falling in November
2019, 12.00%
On or following the monthly
payment date falling in
November 2019, if annualised
lifetime CPR (in the period
between closing and that
interest payment date)
is greater than or equal
to 25.00%, then 14.75%
and otherwise 12.00%
On or following the monthly
payment date falling in
November 2020, if annualised
lifetime CPR (in the period
between closing and that
interest payment date)
is greater than or equal
to 25.00%, then 26.00%
and otherwise 20.00%
On or following the monthly
payment date falling in
November 2021, if annualised
lifetime CPR (in the period
between closing and that
interest payment date)
is greater than or equal
to 25.00%, then 45.00%
and otherwise 27.00%
Notes Required subordinated percentage
--------------------------------------------------------------------------------- ---------------------------------
Notwithstanding the above, there shall be no repayment
of any Class Z VFN prior to the monthly payment
date falling in November 2019
class B notes ................................................................ N/A
class C notes ................................................................ N/A
class D notes................................................................ N/A
class E notes ................................................................ N/A
* The minimum subordination percentage may be modified by
Clydesdale at any time subject to being (i) not lower than 12.0%
and (ii) subject to a rating agency confirmation from S&P.
(b) Target reserve required amount
GBP54,812,075.46
(c) Issuer reserve minimum amount percentage
0%
(d) Programme reserve required percentage
1.24%
(e) Arrears or step-up trigger event
(i) Item (i) funding reserve fund increased amount
GBP13,703,018.86
(ii) Item (ii) funding reserve fund increased amount
GBP13,703,018.86
(iii) Item (i) and (ii) funding reserve fund increased amount
GBP27,406,037.73
(f) Required mortgage collateral percentage*
Prior to the monthly payment date falling in November 2019,
12.00%
On or following the monthly payment date falling in November
2019, if annualised lifetime CPR (in the period between closing and
that interest payment date) is greater than or equal to 25.00%,
then 14.75% and otherwise 12.00%
On or following the monthly payment date falling in November
2020, if annualised lifetime CPR (in the period between closing and
that interest payment date) is greater than or equal to 25.00%,
then 26.00% and otherwise 20.00%
On or following the monthly payment date falling in November
2021, if annualised lifetime CPR (in the period between closing and
that interest payment date) is greater than or equal to 25.00%,
then 45.0% and otherwise 27.00%
Notwithstanding the above, there shall be no repayment of any
Class Z VFN prior to the monthly payment date falling in November
2019
* The minimum required mortgage collateral percentage may be
modified by Clydesdale at any time subject to being (i) not lower
than 12.00% and (ii) subject to a rating agency confirmation from
S&P.
(g) Aggregate outstanding principal amount as at Closing Date of:
Series 1 Class Z VFN: GBP475,628,000 Series 2 Class Z VFN:
GBP300,000,000
7. Details of the issuer swaps relating to the notes
The issuer swap provider for the series 2019-1 class 1A1 notes
is BNP Paribas
Specified currency exchange rate
For the series 2019-1 class 1A1 notes, GBP1.00/$1.2978
8. Eurosystem eligibility
In respect of the series 2019-1 class 1A1 notes that are Reg S
notes and the series 2019-1 class 1A2 notes, yes. Note that the
designation "yes" simply means that the 2019-1 notes are intended
upon issue to be deposited with one of the ICSDs as common
safekeeper (and registered in the name of a nominee of one of the
ICSDs acting as common safekeeper) and does not necessarily mean
that the 2019-1 notes will be recognised as eligible collateral for
Eurosystem monetary policy and intra day credit operations by the
Eurosystem either upon issue or at any or all times during their
life. Such recognition will depend upon the European Central Bank
being satisfied that Eurosystem eligibility criteria have been
met.
In respect of the series 2019-1 class 1A1 notes that are Rule
144A notes, no.
Loan tranche information
On the closing date for the series 2019-1 notes, the issuer
will, pursuant to the terms of the global intercompany loan
agreement, advance to funding an aggregate amount in sterling equal
to the proceeds of the issue of the series 2019-1 notes.
The advance will be made up of separate loan tranches. Each loan
tranche will be funded by a separate class or sub-class of notes in
the series 2019-1 notes and will be identified by reference to that
class or sub-class of notes.
The loan tranche to be funded by the series 2019-1 notes is as
follows:
Loan tranches Initial principal Notes that will fund
amount the loan tranche
---------------------- ------------------------- -----------------------
AAA (Class 1A1) GBP250,423,794.11 Series 2019-1 class
Loan Tranche......... 1A1 notes
AAA (Class 1A2) GBP350,000,000.00 Series 2019-1 class
Loan Tranche......... 1A2 notes
The following are certain other terms and conditions of the loan
tranche that will be funded by the series 2019-1 notes.
(a) Closing date
14 February 2019
(b) Interest commencement date
14 February 2019
(c) Step-up date and final maturity date
Step-up date - the
Loan Tranches note payment date Final maturity date
falling in
--------------- -------------------------- ---------------------------------
1A1 August 2021 December 2069
1A2 August 2021 December 2069
(d) Loan payment dates
For all loan tranches to be funded by the series 2019-1 notes,
the monthly payment date falling in each year up to and including
the final maturity date. The first loan payment date for each loan
tranche funded by the series 2019-1 notes will be the monthly
payment date falling in May 2019.
(e) Funding rating repayment test
Not applicable
Start-Up Loan
The start-up loan provider for the start-up loan to be made to
the issuer on the closing date specified herein will be Clydesdale
Bank PLC.
The initial principal amount of such start-up loan will be
GBP2,000,000.
The interest rate for such start-up loan will be three-month
sterling LIBOR plus 0.90%
Funding Subordinated Loan
The Funding subordinated loan provider for the start-up loan to
be made to Funding on the closing date specified herein will be
Clydesdale Bank PLC.
The initial principal amount of such Funding subordinated loan
will be GBP19,379,144.52.
The interest rate for such Funding subordinated loan will be
three-month sterling LIBOR plus 0.90%.
Other series of notes issued
As of the closing date specified herein, the aggregate principal
amount outstanding of notes issued by the issuer (converted, where
applicable, into sterling at the applicable speci ed currency
exchange rate), including the notes described herein, will be:
Class A notes GBP600,423,794
...................................................................................................
.............................................
Class B notes nil
...................................................................................................
.............................................
Class C notes nil
...................................................................................................
.............................................
Class D notes nil
...................................................................................................
.............................................
Class E nil
notes..............................................................................................
...................................................
Class Z GBP775,628,000
notes..............................................................................................
...................................................
Other loan tranches
As of the closing date specified herein, the aggregate principal
amount outstanding of loan tranches advanced by the issuer to
funding pursuant to the terms of the global intercompany loan
agreement, including the loan tranches described herein, will
be:
AAA GBP600,423,794
...................................................................................................
..........................................................
AA nil
...................................................................................................
.............................................................
A nil
...................................................................................................
................................................................
BBB nil
...................................................................................................
...........................................................
BB................................................................................................. nil
................................................................
Z GBP775,628,000
...................................................................................................
................................................................
Mortgage loan final maturity date
December 2069
Interest-only mortgage loan amount
Not applicable
Post-perfection SVR-LIBOR margin
4.08 per cent.
Trust Property
As at the closing date specified herein the seller share of the
trust property will be approximately
GBP447,189,714 representing approximately 8.65% of the trust
property. The actual amounts of the seller share of the trust
property as at the closing date specified herein will not be
determined until such closing date which will be after the date of
this pricing supplement. Notwithstanding item (ii) in paragraph
four under heading "US Credit Risk Retention Requirements" on page
68 of the base prospectus, the date of the data used to calculate
these amounts is 30 November 2018.
Assignment Conditions
For the purposes of the Assignment Conditions:
(a) the arrears of interest amount shall be 2.00 per cent.;
(b) the three month arrears maximum amount shall be 4.00 per cent.;
(c) the maximum aggregate current principal balance amount shall be 15.00 per cent.;
(d) the WAFF/WALS amount shall be 0.25 per cent.;
(e) the Moody's portfolio variation test percentage amount shall be 100.00 per cent.;
(f) the weighted average yield amount shall be 1.65 per cent.; and
(g) the weighted average LTV amount shall be 0.25 per cent.
Fitch Conditions
For the purposes of the Fitch Conditions:
(a) the original weighted average LTV margin is not applicable;
(b) the current weighted average LTV margin shall be 68.20 per cent.;
(c) the Fitch original LTV margin shall be 47.00 per cent.; and
(d) the Fitch interest-only mortgage loan mortgage amount is not applicable.
(a)
Maturity and repayment considerations
The average life of each class of the series 2019-1 notes cannot
be stated because the actual rate of repayment of the mortgage
loans and redemption of the mortgages and a number of other
relevant factors are unknown. Calculations of the possible average
life of each class of the series 2019-1 notes can be made, however,
based on certain assumptions. The assumptions used to calculate the
possible average lives of each class of the series 2019-1 notes in
the following table include that:
(a) neither the issuer security nor the Funding security is enforced;
(b) the aggregate current balance of mortgage loans in the
mortgages trust will not fall below an amount equal to the product
of 1.06 and the principal amount outstanding of all notes of the
issuer at any time;
(c) no asset trigger event or non-asset trigger event occurs;
(d) no event occurs that would cause payments on each class of
the series 2019-1 notes to be deferred;
(e) the issuer exercises its option to redeem each class of the
notes on the step-up date, if any, relating to such notes;
(f) the series 2019-1 notes are issued on the closing date
specified herein and all notes of any series other than the series
2019-1 notes are at their respective target balances on the
interest payment date falling in May 2019;
(g) each payment made by the issuer to the noteholders is paid
on the 22nd day of the relevant month in which such payment is
payable, regardless of whether such date is a Business Day, and a
day count fraction of Act/365 is utilised;
(h) no interest or fees are paid from mortgages trustee
available principal receipts, funding available principal receipts
or issuer available principal receipts;
(i) the mortgage loans are not subject to any defaults or
losses, and no mortgage loan falls into arrears;
(j) the long-term, unsecured, unsubordinated and unguaranteed
debt obligations of the seller continue to be rated at least "BBB+"
by Standard & Poor's, the seller continues to have an Issuer
Default Rating of at least "BBB+" by Fitch and the seller continues
to have a long-term counterparty risk assessment of at least "A2
(cr)" by Moody's; and
(k) no further series of notes are issued after the closing date specified herein.
Assumptions (e) and (f) reflect the issuer's current
expectations, although no assurance can be given that repayment of
the notes will occur as described. Assumptions (a) through (d) and
(h) through (k) relate to unpredictable circumstances.
Based upon the foregoing assumptions, the approximate average
lives of the series 2019-1 notes, at various constant payment rates
for the mortgage loans, would be as follows:
Possible Possible
average average
life of life of
Constant payment rate1 (% per annum) the series the series
2019-1 class 2019-1 class
1A1 notes 1A2 notes
(in years) (in years)
----------------------------------------------------------------------------------- ------------- -------------
5%.................................................................................
.................................................. 2.11 2.11
10%................................................................................
................................................. 1.97 1.97
15%................................................................................
................................................. 1.97 1.97
20%................................................................................
................................................. 1.97 1.97
25%................................................................................
................................................. 1.97 1.97
30%................................................................................
................................................. 1.97 1.97
35%................................................................................
................................................. 1.97 1.97
------------------------------------------------------------------------------------
1 Does not include scheduled repayments.
The average life of each class of the series 2019-1 notes is
subject to factors largely outside the control of the issuer and
consequently no assurance can be given that these assumptions and
estimates are realistic
and they must therefore be viewed with considerable caution. For
more information relating to the risks involved in the use of these
estimated average lives, see "Risk factors - The yield to maturity
of the notes may be adversely affected by prepayments or
redemptions on the mortgage loans or repurchases of mortgage loans
by the seller" in the base prospectus.
The cut-off date mortgage portfolio
The statistical and other information contained in these final
terms has been compiled by reference to the mortgage loans in the
cut-off date mortgage portfolio as of 30 November 2018 (the
"cut-off date"). The cut-off date mortgage portfolio comprised an
aggregate current principal balance of
GBP5,167,518,380.01. The mortgage loans in the cut-off date
mortgage portfolio were originated between 6 November 2002 and 28
December 2017.
A mortgage loan included in the cut-off date mortgage portfolio
(and which has not been assigned to the mortgages trustee pursuant
to the terms of the mortgage sale agreement) will not be so
assigned to the mortgages trustee if, in the period up to (and
including) the applicable assignment date, it is repaid in full or
if it does not comply with the terms of the mortgage sale agreement
on or about the applicable assignment date, or is a mortgage loan
which is a Non-Compliant LCR Loan.
Once the determination has been made as to the anticipated
principal balances of the notes to be issued and the corresponding
size of the trust that would be required ultimately to support
payments on the notes, the seller will then randomly select the
mortgage loans to be assigned to the mortgages trustee on the
closing date from the mortgage loans available to be so assigned on
such date.
Unless indicated otherwise, the following description relates to
types of mortgage loans that could be included in the mortgage
portfolio as of the closing date or on any subsequent date.
The borrowers in respect of 93.49% of the aggregate current
principal balance of the mortgage loans in the cut-off date
mortgage portfolio as of 30 November 2018 have agreed to have their
scheduled mortgage payments to the originators directly debited
from their bank accounts.
76.83% of the aggregate current principal balance of the
mortgage loans in the cut-off date mortgage portfolio as of the
cut-off date were fixed rate mortgage loans. The remaining 23.17
per cent. of the aggregate current principal balance of the
mortgage loans in the cut-off date mortgage portfolio as of the
cut-off date were standard variable rate mortgage loans, variable
rate mortgage loans, capped rate mortgage loans, discount rate
mortgage loans or tracker rate mortgage loans, as described
below.
A small proportion of mortgage loans (approximately 0.70% of the
aggregate current principal balance of the mortgage loans to be
assigned to the mortgages trustee on the closing date) are mortgage
loans extended to the relevant borrowers in connection with the
purchase by those borrowers of properties from local authorities or
certain other landlords under the right-to-buy schemes governed by
the Housing Act 1985 (as amended by the Housing Act 2004) or (as
applicable) the Housing (Scotland) Act 1987 (as amended by the
Housing (Scotland) Act 2001)).
As of the cut-off date, the seller's standard variable rate for
existing and new borrowers was 5.20% per annum.
The tables set out below show statistical and other information
relating to all mortgage loans in the cut-off date mortgage
portfolio.
Columns stating percentages may not add up to 100% due to
rounding.
Mortgage portfolio
Originators
Aggregate Current % Current % Number of
Originator Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
--------------------- -------------------- -------------------- -------------------- --------------------
Clydesdale
Bank.................
......... 3,657,800,544.83 70.78 21,421 49.57
Yorkshire Bank
.....................
...... 1,509,717,835.18 29.22 21,791 50.43
-------------------- -------------------- -------------------- --------------------
Total
.....................
.....................
. 5,167,518,380.01 100.00 43,212 100.00
==================== ==================== ==================== ====================
Occupation Status
Aggregate Current % Current % Number of
Occupation Status Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
--------------------- -------------------- -------------------- -------------------- --------------------
Owner-Occupied
.....................
.... 5,167,518,380.01 100.00 43,212 100.00
-------------------- -------------------- -------------------- --------------------
Total
.....................
.....................
. 5,167,518,380.01 100.00 43,212 100.00
==================== ==================== ==================== ====================
Type of Mortgage Loan
Aggregate Current % Current % Number of
Type of Mortgage Principal Balance Principal Number of Mortgage
Loan (GBP) Balance Mortgage Loan Parts
Loan Parts
--------------------- -------------------- -------------------- -------------------- --------------------
Residential..........
.....................
.... 5,167,518,380.01 100.00 43,212 100.00
-------------------- -------------------- -------------------- --------------------
Total
.....................
.....................
. 5,167,518,380.01 100.00 43,212 100.00
==================== ==================== ==================== ====================
Tenure
Aggregate Current % Current % Number of
Tenure Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
--------------------- -------------------- -------------------- -------------------- --------------------
Feuhold
.....................
.................. 1,176,488,227.74 22.77 12,266 28.39
Freehold
.....................
................. 3,325,487,703.04 64.35 26,197 60.62
Leasehold
.....................
............... 535,624,413.26 10.37 3,344 7.74
Unknown..............
.....................
.. 129,918,035.97 2.51 1,405 3.25
-------------------- -------------------- -------------------- --------------------
Total
.....................
.....................
. 5,167,518,380.01 100.00 43,212 100.00
==================== ==================== ==================== ====================
Seasoning of mortgage loans
The following table shows length of time since the mortgage
loans were originated as of the cut-off date.
Aggregate % Current % Number of
Seasoning (months) Current Principal Number of Mortgage
Principal Balance Mortgage Loan Parts
Balance Loan Parts
(GBP)
-------------------------------------- ---------------- --------------- ---------------- ----------------
0.01 to 6.00
................................. 0.00 0.00 0 0.00
6.01 to
12.00................................ 114,367,847.16 2.21 525 1.21
12.01 to
18.00.............................. 1,100,105,091.42 21.29 5,032 11.64
18.01 to
24.00.............................. 584,036,414.37 11.30 3,123 7.23
24.01 to
30.00.............................. 473,856,881.51 9.17 2,966 6.86
30.01 to
36.00.............................. 232,084,571.47 4.49 2,170 5.02
36.01 to
42.00.............................. 382,128,293.54 7.39 2,879 6.66
42.01 to
48.00.............................. 256,180,890.77 4.96 2,207 5.11
48.01 to
54.00.............................. 424,339,945.90 8.21 3,132 7.25
54.01 >=
...................................... 1,600,418,443.87 30.97 21,178 49.01
---------------- --------------- ---------------- ----------------
Total
......................................
..... 5,167,518,380.01 100.00 43,212 100.00
================ =============== ================ ================
The weighted average seasoning of mortgage loans, as of the
cut-off date, was 50.13 months. The maximum seasoning of such
mortgage loans, as of the cut-off date, was
192.92 months and the minimum seasoning of such mortgage loans,
as of the cut-off date, was 11.08 months.
Years to maturity
Aggregate % Current % Number of
Years to maturity Current Principal Number of Mortgage
Principal Balance Mortgage Loan Parts
Balance Loan
(GBP) Parts
------------------------------------------ ---------------- -------------- -------------- ---------------
<=0.00
......................................... 2,851,458.86 0.06 22 0.05
0.01 to 5.00
................................. 209,319,103.53 4.05 4,378 10.13
5.01 to
10.00................................ 585,204,761.85 11.32 8,417 19.48
10.01 to
15.00.............................. 979,831,861.13 18.96 10,271 23.77
15.01 to
20.00.............................. 968,207,139.23 18.74 6,949 16.08
20.01 to
25.00.............................. 1,234,573,474.04 23.89 6,766 15.66
25.01 to
30.00.............................. 731,457,212.34 14.15 4,018 9.30
30.01 >=
...................................... 456,073,369.03 8.83 2,391 5.53
---------------- -------------- -------------- ---------------
Total
..........................................
. 5,167,518,380.01 100.00 43,212 100.00
================ ============== ============== ===============
The weighted average remaining term of the mortgage loans, as of
the cut-off date, was 18.86 years. The maximum remaining term, as
of the cut-off date, was 37.03 years.
Geographical distribution of mortgaged properties
The following table shows the spread of mortgaged properties
securing the mortgage loans throughout England, Wales and Scotland
as of the cut-off date. No properties are situated outside England,
Wales and Scotland. The geographical location of a property has no
impact upon the lending criteria and credit scoring tests.
Region
Aggregate Current % Current % Number of
Region Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
--------------------- -------------------- -------------------- -------------------- --------------------
East
Midlands.............
................. 226,579,619.50 4.38 2,511 5.81
East of England
.....................
...... 83,349,065.55 1.61 392 0.91
London
.....................
................... 816,653,578.25 15.80 2,298 5.32
North East
.....................
.............. 253,520,684.77 4.91 3,579 8.28
North West
.....................
............. 428,940,724.52 8.30 4,721 10.93
Scotland.............
.....................
..... 1,209,831,914.74 23.41 12,701 29.39
South East
.....................
.............. 910,938,797.15 17.63 3,104 7.18
South West
.....................
............. 193,575,315.08 3.75 824 1.91
Wales
.....................
..................... 41,448,961.28 0.80 246 0.57
West Midlands
.....................
....... 188,744,067.83 3.65 1,276 2.95
Yorkshire & Humberside
............ 813,935,651.34 15.75 11,560 26.75
-------------------- -------------------- -------------------- --------------------
Total
.....................
.....................
. 5,167,518,380.01 100.00 43,212 100.00
==================== ==================== ==================== ====================
Original loan-to-value ratios
The following table shows the range of original loan-to-value
ratios, which express the current balance of a mortgage loan, as at
the date of its origination, divided by the value of the mortgaged
property securing that mortgage loan at the same date.
No mortgaged property has been revalued since the date of
origination of the related mortgage loan other than where
additional lending or re-mortgaging has been applied for since the
date of origination or where the mortgage loan was a mortgage loan
originated by either originator prior to 10th April 2006 (unless
originated through the intermediary/broker network) where a self
assessment of the property valuation from the potential borrower
was used for the valuation of the property, and in applying that
self assessment to an LTV calculation, an LTV ratio of less than
75% was determined. In each of the aforementioned cases, the
original valuation may have been updated with a more recent
valuation, which recent valuation has been used in formulating this
data.
Original loan-to-value ratios
Aggregate % Current % Number of
Original loan-to-value Current Principal Number of Mortgage
ratios Principal Balance Mortgage Loan Parts
Balance Loan Parts
(GBP)
-------------------------------------- ---------------- --------------- ---------------- ----------------
0.01 to
25.00................................ 87,634,889.35 1.70 2,092 4.84
25.01 to
50.00.............................. 564,360,034.52 10.92 7,815 18.09
50.01 to
55.00.............................. 209,861,837.92 4.06 2,035 4.71
55.01 to
60.00.............................. 266,783,618.80 5.16 2,434 5.63
60.01 to
65.00.............................. 297,039,113.91 5.75 2,480 5.74
65.01 to
70.00.............................. 374,002,713.53 7.24 2,781 6.44
70.01 to
75.00.............................. 503,227,883.70 9.74 3,477 8.05
75.01 to
80.00.............................. 575,717,638.98 11.14 4,039 9.35
80.01 to
85.00.............................. 505,171,124.32 9.78 3,466 8.02
85.01 to
90.00.............................. 1,386,737,887.96 26.84 8,848 20.48
90.01 to
100.00............................ 394,473,502.51 7.63 3,717 8.60
100.01 >=
.................................... 2,508,134.51 0.05 28 0.06
---------------- --------------- ---------------- ----------------
Total
......................................
..... 5,167,518,380.01 100.00 43,212 100.00
================ =============== ================ ================
The weighted average original loan-to-value ratio of the
mortgage loans, as of the cut-off date, was 73.36 per cent.
Current loan-to-value ratios
The following table shows the range of current loan-to-value
ratios, or LTV ratios, which express the current balance of a
mortgage loan, as of the cut-off date, divided by the value of the
mortgaged property securing that mortgage loan at the same
date.
Aggregate Current % Current % Number
Current loan-to-value Principal Balance Principal Number of
ratios (GBP) Balance of Mortgage
Mortgage Loan
Loan Parts
Parts
-------------------------------------- ---------------------------------------------------- -------------- ------------- -----------
0.01 to
25.00................................ 247,275,918.57 4.79 8,300 19.21
25.01 to
50.00.............................. 929,822,668.15 17.99 10,621 24.58
50.01 to
55.00.............................. 291,346,631.81 5.64 2,245 5.20
55.01 to
60.00.............................. 345,743,690.23 6.69 2,369 5.48
60.01 to
65.00.............................. 401,900,746.68 7.78 2,589 5.99
65.01 to
70.00.............................. 483,660,535.28 9.36 2,910 6.73
70.01 to
75.00.............................. 569,053,983.24 11.01 3,160 7.31
75.01 to
80.00.............................. 512,476,306.72 9.92 3,046 7.05
80.01 to
85.00.............................. 597,556,850.62 11.56 3,695 8.55
85.01 to
90.00.............................. 682,163,489.06 13.20 3,495 8.09
90.01 to
100.00............................ 102,651,958.20 1.99 757 1.75
100.01 >=
.................................... 3,865,601.45 0.07 25 0.06
-------------- ------------- -----------
Total
......................................
..... 5,167,518,380.01 100.00 43,212 100.00
==================================================== ============== ============= ===========
The weighted average current loan-to-value ratio of the mortgage
loans, as of the cut-off date was 64.55 per cent.
Current indexed loan-to-value ratios
The following table shows the range of current indexed
loan-to-value ratios, or LTV ratios, which express the current
balance of a mortgage loan, as of the cut-off date, divided by the
indexed value of the mortgaged property securing that mortgage
loan, as of the same date (calculated using the Nationwide House
Price Index).
Aggregate % Current % Number
Current Indexed loan-to-value Current Principal Number of
ratios Principal Balance of Mortgage
Balance Mortgage Loan
(GBP) Loan Parts
Parts
----------------------------------------------------------------------- ---------------- -------------- ------------- -----------
<=0.00 5.44 0.00 5 0.01
0.01 to
25.00................................................................. 361,532,455.83 7.00 10,367 23.99
25.01 to
50.00............................................................... 1,213,922,098.45 23.49 11,987 27.74
50.01 to
55.00............................................................... 359,610,760.15 6.96 2,538 5.87
55.01 to
60.00............................................................... 412,007,434.16 7.97 2,676 6.19
60.01 to
65.00............................................................... 479,637,644.53 9.28 2,926 6.77
65.01 to
70.00............................................................... 522,141,404.59 10.10 3,032 7.02
70.01 to
75.00............................................................... 554,174,777.34 10.72 3,114 7.21
75.01 to
80.00............................................................... 472,477,674.43 9.14 2,663 6.16
80.01 to
85.00............................................................... 466,390,670.14 9.03 2,361 5.46
85.01 to
90.00............................................................... 299,532,604.25 5.80 1,384 3.20
90.01 to
100.00............................................................. 25,901,337.18 0.50 158 0.37
100.01 >=
..................................................................... 189,513.52 0.00 1 0.00
---------------- -------------- ------------- -----------
Total
.......................................................................
..... 5,167,518,380.01 100.00 43,212 100.00
================ ============== ============= ===========
The weighted average current indexed loan-to-value ratio of the
mortgage loans, as of the cut-off date, was 59.06 per cent.
Current balances
The following table shows the current balances of the mortgage
loans (including capitalised fees and/or charges, if applicable),
as of the cut-off date:
Aggregate % Current % Number
Range of current principal Current Principal Number of
balance (GBP) Principal Balance of Mortgage
Balance Mortgage Loan
(GBP) Loan Parts
Parts
------------------------------------------------------------------ ---------------- -------------- ------------- -----------
<= 9,999 13,360,708.58 0.26 2,468 5.71
10,000 to
24,999........................................................... 77,387,081.47 1.50 4,403 10.19
25,000 to
49,999........................................................... 288,507,466.55 5.58 7,669 17.75
50,000 to
74,999........................................................... 450,080,681.84 8.71 7,235 16.74
75,000 to
99,999........................................................... 477,081,557.73 9.23 5,493 12.71
100,000 to
124,999....................................................... 402,355,245.50 7.79 3,613 8.36
125,000 to
149,999....................................................... 327,077,529.97 6.33 2,389 5.53
150,000 to
174,999....................................................... 280,252,592.51 5.42 1,733 4.01
175,000 to
199,999....................................................... 233,410,830.50 4.52 1,247 2.89
200,000 to
224,999....................................................... 211,564,146.55 4.09 995 2.30
225,000 to
249,999....................................................... 188,631,858.57 3.65 794 1.84
250,000 to
274,999....................................................... 168,678,704.01 3.26 644 1.49
275,000 to
299,999....................................................... 174,611,186.42 3.38 608 1.41
300,000 to
324,999....................................................... 154,100,074.04 2.98 494 1.14
325,000 to
349,999....................................................... 139,051,947.91 2.69 412 0.95
350,000 to
374,999....................................................... 131,996,829.10 2.55 364 0.84
375,000 to
399,999....................................................... 127,594,533.49 2.47 329 0.76
400,000 to
424,999....................................................... 111,632,385.17 2.16 271 0.63
425,000 to
449,999....................................................... 104,637,158.14 2.02 239 0.55
450,000 to
474,999....................................................... 90,757,901.86 1.76 197 0.46
475,000 to
499,999....................................................... 103,525,512.25 2.00 212 0.49
500,000 to
599,999....................................................... 353,995,178.55 6.85 647 1.50
600,000 to
699,999....................................................... 225,640,618.98 4.37 350 0.81
700,000 to
799,999....................................................... 151,066,239.24 2.92 204 0.47
800,000 to
899,999....................................................... 91,608,490.98 1.77 108 0.25
900,000 >=
..................................................................
. 88,911,920.10 1.72 94 0.22
---------------- -------------- ------------- -----------
Total ........................................... 5,167,518,380.01 100.00 43,212 100.00
================ ============== ============= ===========
The largest mortgage loan has a current balance, as of the
cut-off date, of GBP999,986.11. The average current balance, as of
the cut-off date, was approximately GBP119,585.26.
Flexible Offset Product Type
Flexible Offset Aggregate Current % Current % Number of
Product Type Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
-------------------- --------------------- --------------------- ---------------------
Flexible
(Non-Offset)
.................
.................
................. 4,433,665,545.32 85.80 34,464 79.76
Offset
.................
.................
.................
.................
....... 733,852,834.69 14.20 8,748 20.24
-------------------- --------------------- --------------------- ---------------------
Total
.................
.................
......... 5,167,518,380.01 100.00 43,212 100.00
==================== ===================== ===================== =====================
Mortgage loan products
Mortgage loan Aggregate Current % Current % Number of
products Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
-------------------- --------------------- --------------------- ---------------------
Discount
.................
.................
.................
.................
... 163,829,175.53 3.17 1,125 2.60
Fixed
.................
.................
.................
.................
........ 3,970,373,291.08 76.83 27,559 63.78
SVR..............
.................
.................
.................
............. 557,100,468.76 10.78 9,719 22.49
Tracker
.................
.................
.................
.................
..... 476,215,444.64 9.22 4,809 11.13
-------------------- --------------------- --------------------- ---------------------
Total
.................
.................
......... 5,167,518,380.01 100.00 43,212 100.00
==================== ===================== ===================== =====================
Employment status
Employment status Aggregate Current % Current % Number of
Principal Balance Principal Number of Mortgage
(GBP) Balance Mortgage Loan Parts
Loan Parts
-------------------- --------------------- --------------------- ---------------------
Not Self-employed
.................
.................
.................
.... 4,886,827,017.07 94.57 40,927 94.71
Self-employed
.................
.................
.................
........... 280,691,362.94 5.43 2,285 5.29
-------------------- --------------------- --------------------- ---------------------
Total
.................
.................
......... 5,167,518,380.01 100.00 43,212 100.00
==================== ===================== ===================== =====================
Distribution of xed rate mortgage loans
Fixed rate mortgage loans remain at the relevant xed rate for a
period of time as speci ed in the offer of advance, after which
they move to the standard variable rate of the originators or some
other rate as speci ed in the offer of advance.
Fixed rate % Aggregate % Current % Number
Current Principal Number of
Principal Balance of Mortgage
Balance Mortgage Loan
(GBP) Loan Parts
Parts
---------------- -------------- ------------- -----------
0.01 to 3.00
.................................................................. 3,237,217,485.35 81.53 19,945 72.37
3.01 to 3.50
.................................................................. 314,002,805.64 7.91 3,641 13.21
3.51 to 4.00
.................................................................. 275,438,800.51 6.94 2,515 9.13
4.01 to 4.50
.................................................................. 93,333,622.48 2.35 1,001 3.63
4.51 to 5.00
.................................................................. 50,246,773.24 1.27 456 1.65
5.01 to 8.00
.................................................................. 133,803.86 0.00 1 0.00
---------------- -------------- ------------- -----------
Total:
..................................................................
......... 3,970,373,291.08 100.00 27,559 100.00
================ ============== ============= ===========
Year Fixed Rate Period Ends
Year Fixed Rate Period Ends Aggregate % Current Number % Number
Current Principal of of
Principal Balance Mortgage Mortgage
Balance Loan Loan
(GBP) Parts Parts
---------------- -------------- -----------
2018
............................................................................. 72,568,445.33 1.83 485 1.76
2019
............................................................................. 1,769,054,603.70 44.56 10,105 36.67
2020
............................................................................. 952,083,086.85 23.98 7,660 27.79
2021
............................................................................. 324,905,705.25 8.18 2,876 10.44
2022
............................................................................. 557,261,051.55 14.04 3,746 13.59
2023
............................................................................. 274,709,861.18 6.92 2,507 9.10
2024
............................................................................. 19,790,537.22 0.50 180 0.65
---------------- -------------- ------------ -----------
Total:
........................................................................... 3,970,373,291.08 100.00 27,559 100.00
================ ============== ============ ===========
Repayment Method
Repayment Method Aggregate Current % Current Number of % Number of
Principal Balance Principal Mortgage Mortgage
(GBP) Balance Loan Parts Loan Parts
-------------------- --------------------- ---------------------
Interest
Only.............
.................
.................
.................
. 1,000,465,614.82 19.36 3,159 7.31
Repayment
.................
.................
.................
................ 4,167,052,765.19 80.64 40,053 92.69
-------------------- --------------------- --------------------- ---------------------
Total:
.................
.................
.................
.................
....... 5,167,518,380.01 100.00 43,212 100.00
==================== ===================== ===================== =====================
Months in Arrears
Months in Arrears Aggregate % Current % Number
Current Principal Number of
Principal Balance of Mortgage
Balance Mortgage Loan
(GBP) Loan Parts
Parts
---------------- -------------- ------------- -----------
<= 0.00
......................................................................... 5,096,066,728.92 98.62 42,344 97.99
0.01 to 1.00
.................................................................. 21,639,446.64 0.42 306 0.71
1.01 to 2.00
.................................................................. 16,037,375.15 0.31 198 0.46
2.01 to 3.00
.................................................................. 8,523,583.66 0.16 93 0.22
3.01 to 6.00
.................................................................. 11,519,610.86 0.22 129 0.30
6.01 to
12.00................................................................. 8,395,011.18 0.16 89 0.21
12.01 >=
....................................................................... 5,336,623.60 0.10 53 0.12
---------------- -------------- ------------- -----------
Total: .......................................... 5,167,518,380.01 100.00 43,212 100.00
================ ============== ============= ===========
First Time Buyer
First Time Buyer Aggregate Current % Current Number of % Number of
Principal Balance Principal Mortgage Mortgage
(GBP) Balance Loan Parts Loan Parts
-------------------- --------------------- ---------------------
N
.................
.................
.................
.................
.............. 4,507,365,336.12 87.22 37,608 87.03
Y
.................
.................
.................
.................
.............. 660,153,043.89 12.78 5,604 12.97
-------------------- --------------------- --------------------- ---------------------
Total:
.................
.................
.................
.................
....... 5,167,518,380.01 100.00 43,212 100.00
==================== ===================== ===================== =====================
Delinquency and loss experience of the mortgage portfolio
(including mortgage loans which previously formed part of the
mortgage portfolio)
Since the establishment of the mortgages trust, total losses on
mortgage loans in the mortgage portfolio (including mortgage loans
which previously formed part of the mortgage portfolio) were
GBP4,455,840.00 as at the cut-off date.
The following table summarises loans in arrears and repossession
experience for mortgage loans in the mortgage portfolio (including
mortgage loans which previously formed part of the mortgage
portfolio) as at the cut-off date. The seller will represent and
warrant on the closing date that no mortgage loan to be transferred
to the mortgages trust on the closing date will have experienced
any arrears in excess of an amount equal to one month's principal
and interest in the prior 12 months. All of the loans in the table
were originated by Clydesdale Bank PLC or Yorkshire Bank Home Loans
Limited. Clydesdale Bank PLC and Yorkshire Bank Home Loans Limited
service all of the loans that they originate.
The mortgage loans used for statistical purposes in the table
below are administered in accordance with Clydesdale Bank PLC's
administration policies. The method by which Clydesdale Bank PLC
classi es mortgage loans as being in arrears is described in the
base prospectus under "The servicer and the servicing agreement -
Arrears and default procedures", and is important in helping to
understand Clydesdale Bank PLC's arrears and repossession
experience for mortgage loans in the mortgage portfolio as set
forth in the following table.
Arrears & Delinquencies - mortgage loans in the mortgage
portfolio (including mortgage loans which previously formed part of
the mortgage portfolio)
31-Dec-07 31-Dec-08 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 30-Sep-17 31-Dec-17 28-Feb-18 30-Nov-18
------------------------
Outstanding GBP3,330,732,787 GBP2,769,918,487 GBP2,370,122,825 GBP1,993,585,774 GBP2,054,003,578 GBP3,286,389,788 GBP2,843,315,600 GBP4,492,431,722 GBP4,042,059,596 GBP3,560,023,851 GBP5,649,479,061 GBP4,542,941,008 GBP6,295,972,577 GBP5,167,518,380
balance
of mortgage
loans:............
..
======================== ==================== ==================== ==================== ==================== =================== ==================== ==================== ==================== ==================== ======================== ========================= ======================== ========================
Outstanding
balance
of loans in
arrears
(>0m):
>0 -<=2 GBP49,392,407 GBP42,974,216 GBP39,064,184 GBP31,829,798 GBP29,527,261 GBP47,478,847 GBP36,475,877 GBP42,786,943 GBP34,028,509 GBP26,829,528 GBP31,752,090 GBP38,151,361 GBP42,026,977 GBP37,676,822
months............
..................
..................
..
>2 -<=3 GBP7,368,790 GBP10,394,022 GBP6,404,374 GBP8,247,926 GBP5,270,956 GBP8,465,371 GBP6,094,569 GBP6,038,332 GBP7,170,528 GBP9,155,701 GBP5,918,322 GBP3,893,058 GBP2,471,742 GBP8,523,584
months............
..................
..................
..
>3 -<=6 GBP5,520,223 GBP10,618,136 GBP12,913,632 GBP11,325,749 GBP5,529,336 GBP9,316,750 GBP9,237,985 GBP8,669,152 GBP9,816,324 GBP10,956,145 GBP10,792,436 GBP12,337,615 GBP12,877,176 GBP11,519,611
months............
..................
..................
..
>6 -<=12 GBP887,424 GBP6,633,284 GBP10,554,487 GBP10,198,566 GBP10,198,566 GBP8,030,984 GBP8,454,439 GBP6,458,547 GBP9,822,339 GBP9,347,943 GBP7,630,643 GBP8,970,677 GBP10,352,797 GBP8,395,011
months............
..................
..................
>12 months GBP0 GBP2,800,220 GBP12,653,466 GBP15,386,638 GBP15,386,638 GBP6,587,151 GBP6,318,420 GBP4,626,986 GBP4,784,723 GBP5,804,169 GBP5,916,446 GBP5,676,070 GBP5,455,195 GBP5,336,624
..................
..................
..................
..
------------------------ -------------------- -------------------- -------------------- -------------------- ------------------- -------------------- -------------------- -------------------- -------------------- ------------------------ ------------------------- ------------------------ ------------------------
Total outstanding
loan balance in GBP63,168,844 GBP73,419,879 GBP81,590,143 GBP76,988,678 GBP65,912,758 GBP79,879,102 GBP66,581,289 GBP68,579,960 GBP65,622,423 GBP62,093,486 GBP62,009,937 GBP69,028,781 GBP73,183,887 GBP71,451,651
arrears (>0m):
..................
..................
..................
.........
======================== ==================== ==================== ==================== ==================== =================== ==================== ==================== ==================== ==================== ======================== ========================= ======================== ========================
Total loan
balances
in arrears %
(>0m):
.............. 1.90% 2.65% 3.44% 3.86% 3.21% 2.43% 2.34% 1.53% 1.62% 1.74% 1.10% 1.52% 1.16% 1.38%
Total loan
balances
in arrears %
(>3m):
.............. 0.19% 0.72% 1.52% 1.85% 1.51% 0.73% 0.84% 0.44% 0.60% 0.73% 0.43% 0.59% 0.46% 0.49%
Outstanding
balance GBP0 GBP2,103,551 GBP2,998,225 GBP4,293,850 GBP1,852,240 GBP3,017,083 GBP1,387,656 GBP836,356 GBP293,258 GBP421,443 GBP1,432,619 GBP1,049,950 GBP335,279 GBP549,117
of loans in
possession
(inc. interest):
..................
..................
.................
Outstanding GBP0 GBP96,478 GBP2,150,756 GBP5,276,672 GBP10,220,041 GBP13,381,864 GBP18,442,921 GBP21,127,439 GBP22,623,604 GBP23,541,836 GBP23,981,668 GBP24,386,281 GBP25,128,874 GBP25,518,658
balance
of loans
sold:.............
.........
Outstanding GBP0 GBP96,478 GBP2,054,278 GBP3,125,916 GBP4,943,368 GBP3,161,823 GBP5,061,057 GBP2,684,519 GBP1,496,165 GBP918,232 GBP439,832 GBP404,613 GBP742,593 GBP389,784
balance
of loans sold
in period: .......
Net loss on sold GBP0 GBP15,406 GBP467,593 GBP951,121 GBP1,946,426 GBP2,442,104 GBP3,407,380 GBP3,834,010 GBP3,989,016 GBP4,198,273 GBP4,298,461 GBP4,342,000 GBP4,382,768 GBP4,455,840
properties:.......
..................
........
Ratio of net
losses
to total loans
assigned to
trust %:
*................
.................
.................
.......... 0.00% 0.00% 0.01% 0.02% 0.04% 0.03% 0.04% 0.04% 0.04% 0.03% 0.08% 0.10% 0.07% 0.09%
Average loss on
all sold GBP0 GBP1,284 GBP38,851 GBP40,355 GBP82,942 GBP41,307 GBP80,440 GBP35,553 GBP12,917 GBP17,438 GBP7,504 GBP10,885 GBP10,192 GBP14,614
properties
in the
period:...........
..................
..................
.................
------------------------ -------------------- -------------------- -------------------- -------------------- ------------------- -------------------- -------------------- -------------------- -------------------- ------------------------ ------------------------- ------------------------ ------------------------
Outstanding number
of mortgage
loans:
......... 40,507 34,693 30,122 25,997 25,258 39,311 33,921 45,234 41,373 35,457 49,878 43,197 51,859 43,212
======================== ==================== ==================== ==================== ==================== =================== ==================== ==================== ==================== ==================== ======================== ========================= ======================== ========================
Outstanding
number
of loans in
arrears
(>0m):
>0 -<=2
months...........
.................
.................
..... 615 574 520 486 418 673 523 545 423 378 396 471 510 504
>2 -<=3
months...........
.................
.................
..... 88 112 92 89 72 87 79 80 96 92 76 41 39 93
>3 -<=6
months...........
.................
.................
..... 62 115 168 147 92 112 125 129 118 150 130 126 132 129
>6 -<=12
months...........
.................
.................
... 13 69 136 137 107 92 92 95 99 108 88 99 103 89
>12 months
.................
.................
.................
..... 0 26 108 156 100 89 72 57 68 63 60 58 61 53
------------------------ -------------------- -------------------- -------------------- -------------------- ------------------- -------------------- -------------------- -------------------- -------------------- ------------------------ ------------------------- ------------------------ ------------------------
Total outstanding
number of loans
in
arrear (>0m):
.................
.................
.................
. 778 896 1,024 1,015 789 1,053 891 906 804 791 750 795 845 868
Total number of
loans in arrears
% (>0m):
.......... 1.92% 2.58% 3.40% 3.90% 3.12% 2.68% 2.63% 2.00% 1.94% 2.23% 1.50% 1.84% 1.63% 2.01%
Total number of
loans in arrears
% (>3m):
.......... 0.19% 0.61% 1.37% 1.69% 1.18% 0.75% 0.85% 0.62% 0.69% 0.91% 0.56% 0.66% 0.57% 0.63%
Static pool data
This section sets out, to the extent material, certain static
pool information with respect to the mortgage loans in the mortgage
portfolio.
The issuer has not included static pool information on
prepayments in this section, as this information is not separately
identified by the servicer. However, prepayment rates in respect of
the mortgage loans in the mortgage portfolio are set out in the
monthly reports to investors that are prepared pursuant to the
servicing agreement.
The sale of new mortgage loans by the seller to the mortgages
trustee is subject to conditions, including conditions required by
the rating agencies, designed to maintain certain credit-related
and other characteristics of the mortgages trust. These include
limits on mortgage loans in arrears in the mortgage portfolio at
the time of sale, limits on the aggregate balance of mortgage loans
sold, limits on changes in the weighted average foreclosure
frequency (WAFF) and the weighted average loss severity (WALS),
minimum yield for the mortgage loans in the mortgage portfolio
after the sale and maximum LTV for the loans in the mortgage
portfolio after the sale. See a description of these conditions in
"Assignment of the mortgage loans and related security - Assignment
of the mortgage loans and their related security" in the base
prospectus.
The following tables show, for each of the last eleven years of
origination, the distribution of loans in the mortgages trust
originated in that year by delinquency category as at each year-end
starting in December 2007 and as at 30 April 2016, 31 March 2017,
30 September 2017, 28 February 2018 and 30 November 2018.
Mortgage portfolio arrears by year of origination
Mortgage loans originated in 2007
31 December 2007 31 December 31 December 31 December
2008 2009 2010
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 3,034 302,551,787.82 98.51% 98.45% 3,898 418,838,844.36 97.57% 97.70% 3,435 359,834,706.71 96.76% 96.63% 2,976 304,895,864.98 96.06% 96.26%
1 - < 2
months
in
arrears.
... 36 4,082,113.54 1.17% 1.33% 56 5,320,871.05 1.40% 1.24% 51 6,328,214.93 1.44% 1.70% 49 4,319,642.74 1.58% 1.36%
2 - < 3
month
in
arrears
.... 2 93,315.39 0.06% 0.03% 9 871,078.89 0.23% 0.20% 8 540,193.97 0.23% 0.15% 10 1,193,467.00 0.32% 0.38%
3 - < 6
month
in
arrears
.... 6 285,985.00 0.19% 0.09% 18 1,898,666.84 0.45% 0.44% 22 1,637,766.04 0.62% 0.44% 26 2,519,489.78 0.84% 0.80%
6 - < 12
month
in
arrears 2 306,418.60 0.06% 0.10% 8 722,661.08 0.20% 0.17% 17 1,402,631.92 0.48% 0.38% 18 1,596,279.44 0.58% 0.50%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% 6 1,063,594.67 0.15% 0.25% 17 2,648,948.75 0.48% 0.71% 19 2,227,214.44 0.61% 0.70%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 3,080 307,319,620.35 100.00% 100.00% 3,995 428,715,716.89 100.00% 100.00% 3,550 372,392,462.32 100.00% 100.00% 3,098 316,751,958.38 100.00% 100.00%
31 December 2011 31 December 31 December 31 December
2012 2013 2014
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ----------
Current 2,736 260,879,932.16 97.02% 96.81% 6,753 673,917,413.63 97.66% 97.93% 5,676 550,161,810.72 97.63% 97.82% 5,095 472,878,017.91 97.79% 98.00%
1 - < 2
months
in
arrears.
... 46 5,578,573.31 1.63% 2.07% 97 7,637,765.21 1.40% 1.11% 70 6,375,994.82 1.20% 1.13% 64 5,840,070.55 1.23% 1.21%
2 - < 3
month
in
arrears
.... 6 465,638.57 0.21% 0.17% 10 1,162,439.75 0.14% 0.17% 15 1,118,392.03 0.26% 0.20% 12 998,004.24 0.23% 0.21%
3 - < 6
month
in
arrears
.... 6 394,014.24 0.21% 0.15% 26 2,716,853.18 0.38% 0.39% 23 1,958,208.97 0.40% 0.35% 16 1,302,075.95 0.31% 0.27%
6 - < 12
month
in
arrears 13 1,017,009.39 0.46% 0.38% 14 1,319,905.12 0.20% 0.19% 13 1,046,107.93 0.22% 0.19% 11 747,868.45 0.21% 0.15%
>12
months
in
arrears.
....... 13 1,143,070.84 0.46% 0.42% 15 1,392,794.60 0.22% 0.20% 17 1,740,036.40 0.29% 0.31% 12 758,665.32 0.23% 0.16%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 2,820 269,478,238.51 100.00% 100.00% 6,915 688,147,171.49 100.00% 100.00% 5,814 562,400,550.87 100.00% 100.00% 5,210 482,524,702.42 100.00% 100.00%
31 December 2015 30 April 2016 31 Dec 31 March 2017
2016
--------- ------- -------------------------- --------- ------- -------------- ------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- ------- --------- ------- -------------- ---------- ---------
Current 4,440 400,045,605.80 97.75% 97.97% 4,284 386,330,770.16 97.67% 97.88% 3,803 342,591,981.92 97.41% 97.63% 3,813 343,207,072.69 97.62% 97.84%
1 - < 2
months
in
arrears.
... 52 4,687,227.31 1.14% 1.15% 54 4,297,548.89 1.23% 1.09% 44 2,307,890.88 1.13% 0.66% 42 3,381,349.22 1.08% 0.96%
2 - < 3
month
in
arrears
.... 7 460,063.66 0.15% 0.11% 14 1,040,993.40 0.32% 0.26% 16 2,300,289.05 0.41% 0.66% 10 576,877.61 0.26% 0.16%
3 - < 6
month
in
arrears
.... 19 1,296,920.40 0.42% 0.32% 16 1,897,549.17 0.36% 0.48% 20 1,741,808.97 0.51% 0.50% 21 1,369,698.95 0.54% 0.39%
6 - < 12
month
in
arrears 12 1,129,705.93 0.26% 0.28% 8 538,335.02 0.18% 0.14% 12 1,304,263.76 0.31% 0.37% 9 1,384,949.94 0.23% 0.39%
>12
months
in
arrears.
....... 12 719,707.85 0.26% 0.18% 10 573,489.90 0.23% 0.15% 9 671,352.73 0.23% 0.19% 11 856,758.83 0.28% 0.24%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- ------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 4,542 408,339,230.95 100.00% 100.00% 4,386 394,678,686.54 100.00% 100.00% 3,904 350,917,587.31 100.00% 100.00% 3,906 350,776,707.24 100.00% 100.00%
30 September 31 December 28 February 30 November
2017 2017 2018 2018
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
--------- ---------------- ------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 3,509 315,536,628.40 97.47% 97.45% 3,300 295,548,950.47 97.12% 96.75% 3,298 293,802,440.05 97.46% 97.41% 2,779 251,417,563.98 96.53% 96.82%
1 - < 2
months
in
arrears...
. 44 2,988,423.90 1.22% 0.92% 60 4,900,690.31 1.77% 1.60% 44 2,547,385.37 1.30% 0.84% 50 3,474,261.48 1.74% 1.34%
2 - < 3
month
in arrears
.... 15 1,238,827.27 0.42% 0.38% 5 971,142.98 0.15% 0.32% 7 301,923.79 0.21% 0.10% 14 1,063,610.84 0.49% 0.41%
3 - < 6
month
in arrears
.... 13 1,161,370.68 0.36% 0.36% 11 496,019.59 0.32% 0.16% 12 1,354,388.10 0.35% 0.45% 10 836,125.84 0.35% 0.32%
6 - < 12
month
in arrears 13 2,106,997.08 0.36% 0.65% 14 2,691,804.34 0.41% 0.88% 13 2,538,249.18 0.38% 0.84% 15 1,401,043.70 0.52% 0.54%
>12 months
in
arrears...
..... 6 745,465.61 0.17% 0.23% 8 876,394.60 0.24% 0.29% 10 1,061,801.58 0.30% 0.35% 11 1,479,556.28 0.38% 0.57%
--------- ---------------- ------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
..........
..........
..........
... 3,600 323,777,712.94 100.00% 100.00% 3,398 305,485,002.29 100.00% 100.00% 3,384 301,606,188.07 100.00% 100.00% 2,879 259,672,162.12 100.00% 100.00%
Mortgage loans originated in 2008
31 December 2008 31 December 31 December 31 December
2009 2010 2011
--------- ------- -------------------------- --------- ------- ------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- ------------- ---------- --------- ------- -------------- ---------- ---------
Current 1,342 116,212,420.27 98.68% 98.43% 1,221 102,160,584.00 96.37% 96.21% 1,034 83,026,726.18 93.91% 93.42% 2,247 194,625,948.50 97.10% 97.38%
1 - < 2
months
in
arrears.
... 11 957,079.97 0.81% 0.81% 30 2,425,008.43 2.37% 2.28% 29 2,173,013.57 2.63% 2.45% 39 2,673,909.51 1.69% 1.34%
2 - < 3
month
in
arrears
.... 5 711,240.47 0.37% 0.60% 4 421,772.26 0.32% 0.40% 11 997,902.48 1.00% 1.12% 7 658,573.36 0.30% 0.33%
3 - < 6
month
in
arrears
.... 2 183,139.26 0.15% 0.16% 7 676,874.89 0.55% 0.64% 9 951,034.93 0.82% 1.07% 9 782,150.56 0.39% 0.39%
6 - < 12
month
in
arrears 0 0.00 0.00% 0.00% 5 503,449.41 0.39% 0.47% 10 889,050.78 0.91% 1.00% 7 661,695.59 0.30% 0.33%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 8 834,258.78 0.73% 0.94% 5 470,285.06 0.22% 0.24%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- ------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 1,360 118,063,879.97 100.00% 100.00% 1,267 106,187,688.99 100.00% 100.00% 1,101 88,871,986.72 100.00% 100.00% 2,314 199,872,562.58 100.00% 100.00%
31 December 2012 31 December 31 December 31 December
2013 2014 2015
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 4,179 334,468,903.62 97.55% 96.90% 3,119 243,183,532.97 97.17% 96.17% 3,025 228,125,132.64 96.89% 96.61% 2,615 188,729,237.94 96.71% 95.44%
1 - < 2
months
in
arrears.
... 65 6,172,011.95 1.52% 1.79% 55 5,288,386.97 1.71% 2.09% 56 4,715,028.15 1.79% 2.00% 55 5,775,467.56 2.03% 2.92%
2 - < 3
month
in
arrears
.... 13 878,378.56 0.30% 0.25% 9 888,931.50 0.28% 0.35% 12 742,031.38 0.38% 0.31% 7 858,890.01 0.26% 0.43%
3 - < 6
month
in
arrears
.... 11 1,244,223.95 0.26% 0.36% 12 1,474,877.28 0.37% 0.58% 13 1,169,755.83 0.42% 0.50% 9 632,494.15 0.33% 0.32%
6 - < 12
month
in
arrears 8 1,536,392.21 0.19% 0.45% 9 1,257,325.61 0.28% 0.50% 12 953,953.42 0.38% 0.40% 9 1,227,847.28 0.33% 0.62%
>12
months
in
arrears.
....... 8 852,198.62 0.19% 0.25% 6 778,816.29 0.19% 0.31% 4 423,777.05 0.13% 0.18% 9 519,170.85 0.33% 0.26%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 4,284 345,152,108.91 100.00% 100.00% 3,210 252,871,870.62 100.00% 100.00% 3,122 236,129,678.47 100.00% 100.00% 2,704 197,743,107.79 100.00% 100.00%
30 April 2016 31 December 31 March 2017 30 September
2016 2017
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 2,559 185,469,951.79 96.53% 95.79% 2,231 157,851,520.89 95.87% 94.95% 2,421 170,095,027.34 96.34% 95.87% 2,281 159,073,954.24 96.37% 95.91%
1 - < 2
months
in
arrears.
... 53 4,807,085.99 2.00% 2.48% 48 3,203,970.69 2.06% 1.93% 56 4,139,836.54 2.23% 2.33% 48 3,415,876.88 2.03% 2.06%
2 - < 3
month
in
arrears
.... 11 583,888.14 0.41% 0.30% 12 1,426,294.24 0.52% 0.86% 4 353,748.07 0.16% 0.20% 4 182,429.71 0.17% 0.11%
3 - < 6
month
in
arrears
.... 8 834,835.14 0.30% 0.43% 12 907,795.36 0.52% 0.55% 10 514,812.05 0.40% 0.29% 16 1,167,506.92 0.68% 0.70%
6 - < 12
month
in
arrears 10 1,374,862.89 0.38% 0.71% 17 1,787,604.06 0.73% 1.08% 12 1,137,986.01 0.48% 0.64% 10 881,959.65 0.42% 0.53%
>12
months
in
arrears.
....... 10 551,415.72 0.38% 0.28% 7 1,076,303.40 0.30% 0.65% 10 1,172,929.24 0.40% 0.66% 8 1,127,822.40 0.34% 0.68%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 2,651 193,622,039.67 100.00% 100.00% 2,327 166,253,488.64 100.00% 100.00% 2,513 177,414,339.25 100.00% 100.00% 2,367 165,849,549.80 100.00% 100.00%
31 December 2017 28 February 30 November
2018 2018
--------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 2,152 150,086,029.51 95.99% 95.94% 2,181 149,798,886.17 95.78% 95.67% 1,806 122,854,930.36 95.56% 95.26%
1 - < 2
months
in
arrears.
... 51 2,967,069.76 2.27% 1.90% 60 3,496,274.46 2.64% 2.23% 51 3,118,506.37 2.70% 2.42%
2 - < 3
month
in
arrears
.... 3 139,507.94 0.13% 0.09% 1 86,131.75 0.04% 0.06% 7 333,410.82 0.37% 0.26%
3 - < 6
month
in
arrears
.... 18 1,410,781.92 0.80% 0.90% 14 1,252,702.98 0.61% 0.80% 13 859,288.01 0.69% 0.67%
6 - < 12
month
in
arrears 9 705,518.13 0.40% 0.45% 12 813,256.01 0.53% 0.52% 6 684,192.77 0.32% 0.53%
>12
months
in
arrears.
....... 9 1,134,069.13 0.40% 0.72% 9 1,131,206.26 0.40% 0.72% 7 1,115,847.18 0.37% 0.87%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 2,242 156,442,976.39 100.00% 100.00% 2,277 156,578,457.63 100.00% 100.00% 1,890 128,966,175.51 100.00% 100.00%
Mortgage loans originated in 2009
31 December 31 December 31 December 31 December
20091 20101 2011 2012
--------- ------- ------------------------ --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
-------------- ---------------- --------- ------- ------------ ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1,583 179,050,056.36 98.75% 98.75% 2,806 261,243,299.36 97.13% 97.15%
1 - < 2
months
in
arrears.... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 18 2,029,334.65 1.12% 1.12% 68 6,453,210.08 2.35% 2.40%
2 - < 3
month
in arrears
.... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 4 293,069.03 0.14% 0.11%
3 - < 6
month
in arrears
.... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 2 233,731.15 0.12% 0.13% 8 667,320.01 0.28% 0.25%
6 - < 12
month
in arrears 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 3 244,857.97 0.10% 0.09%
>12 months
in
arrears....
.... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
-------------- ---- ---------------- ---------------- --------- ------- ------------ ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
...........
...........
........... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1,603 181,313,122.16 100.00% 100.00% 2,889 268,901,756.45 100.00% 100.00%
31 December 2013 31 December 31 December 30 April 2016
2014 2015
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 2,183 191,104,705.53 98.20% 98.36% 1,788 136,391,461.38 97.55% 97.28% 1,533 112,951,878.16 97.83% 97.56% 1,555 115,410,789.89 97.68% 97.54%
1 - < 2
months
in
arrears.
... 26 2,167,953.31 1.17% 1.12% 30 2,733,797.12 1.64% 1.95% 16 1,254,827.08 1.02% 1.08% 20 1,522,135.21 1.26% 1.29%
2 - < 3
month
in
arrears
.... 1 10,453.14 0.04% 0.01% 0 0.00 0.00% 0.00% 5 385,301.83 0.32% 0.33% 5 193,371.17 0.31% 0.16%
3 - < 6
month
in
arrears
.... 5 461,188.70 0.22% 0.24% 9 646,609.73 0.49% 0.46% 7 686,524.51 0.45% 0.59% 6 693,188.33 0.38% 0.59%
6 - < 12
month
in
arrears 5 347,008.99 0.22% 0.18% 4 374,498.05 0.22% 0.27% 4 430,962.23 0.26% 0.37% 4 430,962.23 0.25% 0.36%
>12
months
in
arrears.
....... 3 208,630.74 0.13% 0.11% 2 53,210.20 0.11% 0.04% 2 67,996.18 0.13% 0.06% 2 68,506.18 0.13% 0.06%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 2,223 194,299,940.41 100.00% 100.00% 1,833 140,199,576.48 100.00% 100.00% 1,567 115,777,489.99 100.00% 100.00% 1,592 118,318,953.01 100.00% 100.00%
1 Indicates no arrears recorded.
31 December 2016 31 March 2017 30 September 31 December
2017 2017
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- ------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- ------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- ------------- ---------- ---------
Current 1,219 84,985,462.38 97.21% 97.25% 1,512 106,589,195.41 97.49% 97.58% 1,422 98,429,446.17 97.53% 97.51% 1,256 84,925,072.47 98.05% 97.70%
1 - < 2
months
in
arrears.
... 16 849,601.90 1.28% 0.97% 24 1,362,710.30 1.55% 1.25% 16 946,054.17 1.10% 0.94% 10 629,746.37 0.78% 0.72%
2 - < 3
month
in
arrears
.... 4 245,259.81 0.32% 0.28% 1 68,905.46 0.06% 0.06% 5 364,655.08 0.34% 0.36% 0 0.00 0.00% 0.00%
3 - < 6
month
in
arrears
.... 7 431,573.87 0.56% 0.49% 5 615,595.20 0.32% 0.56% 7 731,923.52 0.48% 0.73% 11 1,045,925.72 0.86% 1.20%
6 - < 12
month
in
arrears 8 873,797.08 0.64% 1.00% 9 598,006.22 0.58% 0.55% 6 411,662.34 0.41% 0.41% 4 322,813.06 0.31% 0.37%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 2 63,586.07 0.14% 0.06% 0 0.00 0.00% 0.00%
------- ------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- ------------- ---------- ---------
Total
........
........
........
........
. 1,254 87,385,695.04 100.00% 100.00% 1,551 109,234,412.59 100.00% 100.00% 1,458 100,947,327.35 100.00% 100.00% 1,281 86,923,557.62 100.00% 100.00%
28 February 2018 30 November
2018
--------- -------- ------------------------- ---------
% by % by
Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance
(GBP) (GBP)
------- ------------- --------- --------- -------- ------------- ---------- ---------
Current 1,351 90,806,029.99 97.40% 96.91% 1,092 72,581,098.82 96.30% 95.97%
1 - < 2
months
in
arrears.
... 21 1,503,101.06 1.51% 1.60% 22 1,126,395.48 1.94% 1.49%
2 - < 3
month
in
arrears
.... 2 441,861.44 0.14% 0.47% 4 296,574.45 0.35% 0.39%
3 - < 6
month
in
arrears
.... 8 570,738.90 0.58% 0.61% 6 597,246.76 0.53% 0.79%
6 - < 12
month
in
arrears 5 376,860.07 0.36% 0.40% 10 1,025,572.41 0.88% 1.36%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% - 0.00% 0.00%
------- ------------- --------- --------- -------- ------------- ---------- ---------
Total
........
........
........
........
. 1,387 93,698,591.46 100.00% 100.00% 1,134 75,626,887.92 100.00% 100.00%
Mortgage loans originated in 2010
31 December 31 December 31 December 31 December
20102 2011 2012 2013
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
-------------- ---------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 0 0.00 0.00% 0.00% 3,846 447,896,996.47 99.10% 99.18% 5,906 546,631,913.19 97.85% 97.56% 4,054 339,399,618.03 97.10% 96.68%
1 - < 2
months
in
arrears.... 0 0.00 0.00% 0.00% 25 2,996,413.05 0.64% 0.66% 101 9,138,018.64 1.67% 1.63% 81 7,078,325.28 1.94% 2.02%
2 - < 3
month
in arrears
.... 0 0.00 0.00% 0.00% 5 435,851.13 0.13% 0.10% 10 2,541,308.37 0.17% 0.45% 5 598,654.29 0.12% 0.17%
3 - < 6
month
in arrears
.... 0 0.00 0.00% 0.00% 2 79,417.87 0.05% 0.02% 10 1,163,615.27 0.17% 0.21% 13 926,689.32 0.31% 0.26%
6 - < 12
month
in arrears 0 0.00 0.00% 0.00% 3 195,496.58 0.08% 0.04% 8 760,741.30 0.13% 0.14% 18 2,594,244.60 0.43% 0.74%
>12 months
in
arrears....
.... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1 73,782.06 0.02% 0.01% 4 473,876.81 0.10% 0.13%
-------------- ---- ---------------- ---------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
...........
...........
........... 0 0.00 0.00% 0.00% 3,881 451,604,175.10 100.00% 100.00% 6,036 560,309,378.83 100.00% 100.00% 4,175 351,071,408.33 100.00% 100.00%
31 December 2014 31 December 30 April 31 Dec 2016
2015 2016
--------- ------- -------------------------- --------- ------- ---------------- -------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------- --------- ------- -------------- ---------- ---------
Current 3,269 251,330,755.34 96.66% 96.24% 2,881 217,369,017.48 96.29% 96.02% 2,780 208,605,628.98 96.36% 96.42% 2,201 156,871,223.39 96.16% 96.65%
1 - < 2
months
in
arrears.
... 57 5,212,797.25 1.69% 2.00% 42 2,822,865.38 1.40% 1.25% 44 3,210,209.84 1.53% 1.48% 33 2,021,521.33 1.44% 1.25%
2 - < 3
month
in
arrears
.... 10 644,747.10 0.30% 0.25% 22 1,423,318.90 0.74% 0.63% 24 1,281,177.43 0.83% 0.59% 11 645,624.32 0.48% 0.40%
3 - < 6
month
in
arrears
.... 28 2,003,607.97 0.83% 0.77% 20 1,979,287.54 0.67% 0.87% 19 1,330,558.65 0.66% 0.61% 20 1,255,009.62 0.87% 0.77%
6 - < 12
month
in
arrears 11 846,396.33 0.33% 0.32% 18 1,658,310.60 0.60% 0.73% 9 636,208.54 0.31% 0.29% 16 1,036,530.78 0.70% 0.64%
>12
months
in
arrears.
....... 7 1,104,781.81 0.21% 0.42% 9 1,131,451.15 0.30% 0.50% 9 1,289,475.50 0.31% 0.60% 8 482,422.96 0.35% 0.30%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 3,382 261,143,085.80 100.00% 100.00% 2,992 226,384,251.05 100.00% 100.00% 2,885 216,353,258.94 100.00% 100.00% 2,289 162,312,332.40 100.00% 100.00%
31 March 2017 30 September 31 December 28 February
2017 2017 2018
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 2,464 176,226,396.16 96.67% 96.90% 2,335 164,316,770.99 96.85% 96.87% 2,103 145,110,026.40 96.42% 96.18% 2,239 153,778,531.45 96.22% 96.06%
1 - < 2
months
in
arrears.
... 38 2,728,719.30 1.49% 1.50% 35 2,476,238.23 1.45% 1.46% 43 3,070,230.58 1.97% 2.03% 55 3,707,022.68 2.36% 2.32%
2 - < 3
month
in
arrears
.... 5 401,360.34 0.20% 0.22% 13 699,926.95 0.54% 0.41% 7 535,828.67 0.32% 0.36% 5 517,055.44 0.21% 0.32%
3 - < 6
month
in
arrears
.... 18 1,058,138.50 0.71% 0.58% 12 1,129,516.41 0.50% 0.67% 9 721,629.58 0.41% 0.48% 8 679,286.83 0.34% 0.42%
6 - < 12
month
in
arrears 16 972,253.12 0.63% 0.53% 11 556,768.92 0.46% 0.33% 13 923,572.50 0.60% 0.61% 13 826,683.10 0.56% 0.52%
>12
months
in
arrears.
....... 8 481,793.15 0.31% 0.26% 5 450,054.20 0.21% 0.27% 6 518,812.94 0.28% 0.34% 7 579,879.43 0.30% 0.36%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 2,549 181,868,660.57 100.00% 100.00% 2,411 169,629,275.70 100.00% 100.00% 2,181 150,880,100.67 100.00% 100.00% 2,327 160,088,458.93 100.00% 100.00%
2 Indicates no arrears recorded.
30 November 2018
% by
Principal % by principal
Number Balance number balance
(GBP)
-------- -------------- ---------- ----------
Current 1,835 121,356,076.76 95.13% 95.08%
1 - < 2 months
in arrears.... 57 3,738,001.35 2.95% 2.93%
2 - < 3 month
in arrears
.... 7 397,838.03 0.36% 0.31%
3 - < 6 month
in arrears
.... 11 811,765.34 0.57% 0.64%
6 - < 12 month
in arrears 10 770,312.09 0.52% 0.60%
>12 months
in arrears........ 9 560,783.73 0.47% 0.44%
-------- -------------- ---------- ----------
Total ................................. 1,929 127,634,777.30 100.00% 100.00%
Mortgage loans originated in 2011
31 December 2011 31 December 31 December 31 December
2012 2013 2014
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 1,229 163,975,963.29 99.43% 99.86% 5,510 602,104,376.32 98.82% 99.18% 3,759 361,823,284.60 98.09% 98.56% 3,310 296,130,220.04 97.32% 97.83%
1 - < 2
months
in
arrears.
... 4 223,237.97 0.32% 0.14% 54 4,058,961.02 0.97% 0.67% 43 3,152,320.31 1.12% 0.86% 56 4,012,042.51 1.65% 1.33%
2 - < 3
month
in
arrears
.... 3 10,234.28 0.24% 0.01% 5 326,117.07 0.09% 0.05% 11 857,293.20 0.29% 0.23% 9 613,695.56 0.26% 0.20%
3 - < 6
month
in
arrears
.... 0 0.00 0.00% 0.00% 4 300,585.55 0.07% 0.05% 12 843,584.88 0.31% 0.23% 13 811,978.87 0.38% 0.27%
6 - < 12
month
in
arrears 0 0.00 0.00% 0.00% 3 275,214.76 0.05% 0.05% 5 303,578.01 0.13% 0.08% 9 940,015.00 0.26% 0.31%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 2 128,484.55 0.05% 0.03% 4 203,612.38 0.12% 0.07%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 1,236 164,209,435.54 100.00% 100.00% 5,576 607,065,254.72 100.00% 100.00% 3,832 367,108,545.55 100.00% 100.00% 3,401 302,711,564.36 100.00% 100.00%
31 December 2015 30 April 2016 31 Dec 31 March 2017
2016
--------- ------- -------------------------- --------- ------- -------------- ------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- ------- --------- ------- -------------- ---------- ---------
Current 3,115 266,021,798.11 97.93% 98.33% 3,062 259,690,795.84 97.83% 98.32% 2,275 175,350,457.39 97.35% 97.72% 2,629 202,520,619.11 98.06% 98.26%
1 - < 2
months
in
arrears.
... 35 2,605,334.01 1.10% 0.96% 38 2,655,638.31 1.21% 1.01% 28 2,248,270.97 1.20% 1.25% 25 2,166,490.07 0.93% 1.05%
2 - < 3
month
in
arrears
.... 8 548,282.60 0.25% 0.20% 10 715,996.87 0.32% 0.27% 9 543,937.96 0.39% 0.30% 3 142,548.44 0.11% 0.07%
3 - < 6
month
in
arrears
.... 12 668,239.98 0.38% 0.25% 10 415,586.80 0.32% 0.16% 14 690,999.14 0.60% 0.39% 10 405,128.07 0.37% 0.20%
6 - < 12
month
in
arrears 2 247,171.24 0.06% 0.09% 3 248,050.04 0.10% 0.09% 5 228,201.11 0.21% 0.13% 9 551,248.00 0.34% 0.27%
>12
months
in
arrears.
....... 9 453,310.71 0.28% 0.17% 7 396,235.83 0.22% 0.15% 6 386,535.91 0.26% 0.22% 5 311,522.67 0.19% 0.15%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- ------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 3,181 270,544,136.65 100.00% 100.00% 3,130 264,122,303.69 100.00% 100.00% 2,337 179,448,402.48 100.00% 100.00% 2,681 206,097,556.36 100.00% 100.00%
30 September 31 December 28 February 30 November
2017 2017 2018 2018
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
--------- ---------------- ------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 2,428 181,503,089.02 97.55% 97.71% 2,204 161,988,027.43 96.88% 96.99% 2,265 165,161,088.54 97.04% 97.17% 1,845 128,228,756.24 96.95% 96.68%
1 - < 2
months
in
arrears...
. 31 2,036,581.76 1.25% 1.10% 43 3,056,498.05 1.89% 1.83% 39 2,685,985.61 1.67% 1.58% 28 2,469,712.16 1.47% 1.86%
2 - < 3
month
in arrears
.... 7 823,476.50 0.28% 0.44% 4 294,308.71 0.18% 0.18% 3 219,569.88 0.13% 0.13% 9 338,304.44 0.47% 0.26%
3 - < 6
month
in arrears
.... 12 756,614.83 0.48% 0.41% 14 1,120,655.55 0.62% 0.67% 13 754,175.47 0.56% 0.44% 12 793,640.11 0.63% 0.60%
6 - < 12
month
in arrears 7 399,802.66 0.28% 0.22% 6 314,141.43 0.26% 0.19% 8 841,780.20 0.34% 0.50% 6 585,344.65 0.32% 0.44%
>12 months
in
arrears...
..... 4 239,191.95 0.16% 0.13% 4 237,478.25 0.18% 0.14% 6 305,948.92 0.26% 0.18% 3 210,288.13 0.16% 0.16%
--------- ---------------- ------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
..........
..........
..........
... 2,489 185,758,756.72 100.00% 100.00% 2,275 167,011,109.42 100.00% 100.00% 2,334 169,968,548.62 100.00% 100.00% 1,903 132,626,045.73 100.00% 100.00%
Mortgage loans originated in 2012
31 December 2012 31 December 31 December 30 December
2013 2014 2015
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 620 71,049,234.27 99.68% 99.93% 3,793 457,209,854.61 99.58% 99.76% 4,150 422,442,981.53 98.83% 98.95% 3,463 320,223,574.31 98.86% 98.53%
1 - < 2
months
in
arrears.
... 2 52,978.13 0.32% 0.07% 10 665,097.40 0.26% 0.15% 38 3,429,988.47 0.90% 0.80% 23 2,749,628.20 0.66% 0.85%
2 - < 3
month
in
arrears
.... 0 0.00 0.00% 0.00% 2 80,678.33 0.05% 0.02% 2 78,688.50 0.05% 0.02% 4 216,796.11 0.11% 0.07%
3 - < 6
month
in
arrears
.... 0 0.00 0.00% 0.00% 4 371,984.07 0.11% 0.08% 5 651,866.66 0.12% 0.15% 6 301,831.00 0.17% 0.09%
6 - < 12
month
in
arrears 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 3 240,595.98 0.07% 0.06% 5 1,405,670.79 0.14% 0.43%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1 82,434.56 0.02% 0.02% 2 108,456.12 0.06% 0.03%
--- ------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 622 71,102,212.40 100.00% 100.00% 3,809 458,327,614.41 100.00% 100.00% 4,199 426,926,555.70 100.00% 100.00% 3,503 325,005,956.53 100.00% 100.00%
30 April 2016 31 December 31 March 2017 30 September
2016 2017
--------- ------- -------------------------- --------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by % by
Principal % by principal Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 3,299 305,074,639.94 98.68% 98.76% 2,620 225,765,987.65 98.46% 98.48% 2,958 253,191,229.09 98.47% 98.46% 2,567 215,068,576.22 98.62% 98.59%
1 - < 2
months
in
arrears.
... 25 2,662,593.55 0.75% 0.86% 22 2,109,096.92 0.83% 0.92% 32 3,030,750.41 1.07% 1.18% 17 1,574,600.08 0.65% 0.72%
2 - < 3
month
in
arrears
.... 6 340,652.82 0.18% 0.11% 3 105,262.94 0.11% 0.05% 1 36,756.77 0.03% 0.01% 4 245,312.50 0.15% 0.11%
3 - < 6
month
in
arrears
.... 3 135,462.07 0.09% 0.04% 9 835,970.65 0.34% 0.36% 8 632,250.62 0.27% 0.25% 9 891,739.09 0.35% 0.41%
6 - < 12
month
in
arrears 7 508,507.76 0.21% 0.16% 6 366,593.62 0.23% 0.16% 4 184,056.75 0.13% 0.07% 4 276,308.96 0.15% 0.13%
>12
months
in
arrears.
....... 3 172,283.89 0.09% 0.06% 1 73,745.74 0.04% 0.03% 1 71,795.74 0.03% 0.03% 2 86,300.72 0.08% 0.04%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 3,343 308,894,140.03 100.00% 100.00% 2,661 229,256,657.52 100.00% 100.00% 3,004 257,146,839.38 100.00% 100.00% 2,603 218,142,837.57 100.00% 100.00%
31 December 2017 28 February 30 November
2018 2018
---------- -------- ------------------------- ---------- -------- ------------------------- ----------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
-------- -------------- -------- ---------- -------- -------------- --------- ---------- -------- -------------- --------- ----------
Current 2,265 184,604,296.96 98.31% 98.20% 2,399 194,404,107.59 98.04% 97.92% 1,955 148,529,448.80 97.60% 97.23%
1 - < 2
months
in
arrears.
... 17 1,456,829.36 0.74% 0.77% 27 2,249,088.23 1.10% 1.13% 31 2,062,228.32 1.55% 1.35%
2 - < 3
month
in
arrears
.... 5 337,549.86 0.22% 0.18% 2 86,506.96 0.08% 0.04% 4 439,087.59 0.20% 0.29%
3 - < 6
month
in
arrears
.... 6 621,206.37 0.26% 0.33% 7 605,530.42 0.29% 0.31% 5 747,446.85 0.25% 0.49%
6 - < 12
month
in
arrears 9 935,764.40 0.39% 0.50% 10 1,163,730.04 0.41% 0.59% 4 627,325.54 0.20% 0.41%
>12
months
in
arrears.
....... 2 23,931.20 0.09% 0.01% 2 23,931.20 0.08% 0.01% 4 348,974.74 0.20% 0.23%
-------- -------------- -------- ---------- -------- -------------- --------- ---------- -------- -------------- --------- ----------
Total
........
........
........
........
. 2,304 187,979,578.15 100.00% 100.00% 2,447 198,532,894.44 100.00% 100.00% 2,003 152,754,511.84 100.00% 100.00%
Mortgage loans originated in 2013
31 December 2013 31 December 31 December
2014 2015
--------- ------- ---------------------------- --------- -------- -------------------------- ---------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
------------- --------- --------- ------- ---------------- ---------- --------- -------- -------------- ---------- ---------
Current 437 76,804,921.09 99.54% 99.90% 8,186 1,130,317,863.98 99.63% 99.78% 7,073 862,257,016.59 99.30% 99.20%
1 - < 2
months
in
arrears.
... 2 79,157.99 0.46% 0.10% 23 1,736,768.50 0.28% 0.15% 32 3,502,126.87 0.45% 0.40%
2 - < 3
month
in
arrears
.... 0 0.00 0.00% 0.00% 4 403,894.94 0.05% 0.04% 5 860,586.19 0.07% 0.10%
3 - < 6
month
in
arrears
.... 0 0.00 0.00% 0.00% 3 299,197.51 0.04% 0.03% 6 952,226.21 0.08% 0.11%
6 - < 12
month
in
arrears 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 6 1,546,282.41 0.08% 0.18%
>12
months
in
arrears.
....... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1 115,486.43 0.01% 0.01%
--- ------------- --------- --------- ------- ---------------- ---------- --------- -------- -------------- ---------- ---------
Total
........
........
........
........
. 439 76,884,079.08 100.00% 100.00% 8,216 1,132,757,724.93 100.00% 100.00% 7,123.00 869,233,724.70 100.00% 100.00%
30 April 2016 31 December 31 March 2017
2016
--------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 7,003 851,205,647.94 99.39% 99.35% 5,672 676,322,601.76 98.95% 98.91% 5,766 673,203,940.75 98.92% 98.93%
1 - < 2
months
in
arrears.
... 25 2,625,698.68 0.35% 0.31% 31 3,320,576.44 0.54% 0.49% 34 2,947,157.55 0.58% 0.43%
2 - < 3
month
in
arrears
.... 5 501,589.32 0.07% 0.06% 6 386,644.26 0.10% 0.06% 4 256,546.79 0.07% 0.04%
3 - < 6
month
in
arrears
.... 6 452,860.91 0.09% 0.05% 12 1,614,197.00 0.21% 0.24% 13 1,766,506.08 0.22% 0.26%
6 - < 12
month
in
arrears 3 593,580.72 0.04% 0.07% 5 548,152.71 0.09% 0.08% 6 780,755.34 0.10% 0.11%
>12
months
in
arrears.
....... 4 1,394,401.36 0.06% 0.16% 6 1,562,030.13 0.10% 0.23% 6 1,564,005.13 0.10% 0.23%
------- -------------- --------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
........
........
........
........
. 7,046 856,773,778.93 100.00% 100.00% 5,732 683,754,202.30 100.00% 100.00% 5,829 680,518,911.64 100.00% 100.00%
30 September 31 December 28 February
2017 2017 2018
--------- ------- -------------------------- --------- ------- -------------------------- ---------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
--------- ---------------- ------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Current 5,205 589,650,171.30 98.69% 98.71% 4,908 546,166,801.51 98.71% 98.91% 4,863 534,056,412.02 98.66% 98.81%
1 - < 2
months
in
arrears...
. 35 3,671,950.66 0.66% 0.61% 40 3,316,423.89 0.80% 0.60% 37 3,816,566.23 0.75% 0.71%
2 - < 3
month
in arrears
.... 8 810,505.59 0.15% 0.14% 4 301,836.42 0.08% 0.05% 7 230,208.91 0.14% 0.04%
3 - < 6
month
in arrears
.... 15 1,593,541.00 0.28% 0.27% 7 776,048.86 0.14% 0.14% 10 1,232,565.74 0.20% 0.23%
6 - < 12
month
in arrears 6 602,794.70 0.11% 0.10% 9 958,873.45 0.18% 0.17% 8 891,667.36 0.16% 0.16%
>12 months
in
arrears...
..... 5 1,008,426.72 0.09% 0.17% 4 654,231.14 0.08% 0.12% 4 258,680.52 0.08% 0.05%
--------- ---------------- ------------- --------- ------- -------------- ---------- --------- ------- -------------- ---------- ---------
Total
..........
..........
..........
... 5,274 597,337,389.97 100.00% 100.00% 4,972 552,174,215.27 100.00% 100.00% 4,929 540,486,100.78 100.00% 100.00%
30 November 2018
% by
Principal % by principal
Number Balance number balance
(GBP)
-------- -------------- ---------- ----------
Current 3,490 333,626,261.86 97.95% 98.18%
1 - < 2 months
in arrears.... 43 2,656,314.83 1.21% 0.78%
2 - < 3 month
in arrears
.... 10 1,496,873.55 0.28% 0.44%
3 - < 6 month
in arrears
.... 10 1,238,644.23 0.28% 0.36%
6 - < 12 month
in arrears 6 559,045.93 0.17% 0.16%
>12 months
in arrears........ 4 244,742.51 0.11% 0.07%
-------- -------------- ---------- ----------
Total ................................. 3,563 339,821,882.91 100.00% 100.00%
Mortgage loans originated in 2014
31 December 2014 31 December 2015
--------- --------- ----------------------------- ---------
Principal % by % by Principal % by % by
Number Balance number principal Number Balance number principal
(GBP) balance (GBP) balance
--------- ---------------- ---------- --------- --------- ---------------- ----------- ---------
Current 7,055 1,023,363,493.16 99.77% 99.77% 8,471 1,236,942,444.63 99.48% 99.57%
1 - < 2
months
in
arrears.
........
.... 16 2,356,457.25 0.23% 0.23% 33 3,881,500.20 0.39% 0.31%
2 - < 3
month
in
arrears
........
..... 0 0.00 0.00% 0.00% 4 235,115.69 0.05% 0.02%
3 - < 6
month
in
arrears
........
..... 0 0.00 0.00% 0.00% 4 898,879.08 0.05% 0.07%
6 - < 12
month
in
arrears 0 0.00 0.00% 0.00% 3 305,945.92 0.04% 0.02%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
--------- ---------------- ---------- --------- --------- ---------------- ----------- ---------
Total...
........
........
........
........
....... 7,071 1,025,719,950.41 100.00% 100.00% 8,515 1,242,263,885.52 100.00% 100.00%
30 April 2016 31 December 2016
--------- --------- --------------------------- ---------
Principal % by % by Principal % by % by
Number Balance number principal Number Balance number principal
(GBP) balance (GBP) balance
--------- ---------------- ---------- --------- --------- -------------- ----------- ---------
Current 8,926 1,332,254,917.33 99.40% 99.47% 6,588 891,515,615.16 99.04% 99.13%
1 - < 2
months
in
arrears.
........
.... 38 4,632,114.42 0.42% 0.35% 39 5,376,120.86 0.59% 0.60%
2 - < 3
month
in
arrears
........
..... 8 1,015,088.16 0.09% 0.08% 4 607,318.60 0.06% 0.07%
3 - < 6
month
in
arrears
........
..... 6 1,268,042.49 0.07% 0.09% 12 1,109,150.80 0.18% 0.12%
6 - < 12
month
in
arrears 0 0.00 0.00% 0.00% 8 632,079.20 0.12% 0.07%
>12
months
in
arrears.
........
........ 2 169,105.17 0.02% 0.01% 1 98,758.26 0.02% 0.01%
--------- ---------------- ---------- --------- --------- -------------- ----------- ---------
Total...
........
........
........
........
....... 8,980 1,339,339,267.57 100.00% 100.00% 6,652 899,339,042.88 100.00% 100.00%
31 March 2017 30 September 2017
--------- --------- ---------------------------- ---------
Principal % by % by Principal % by % by
Number Balance number principal Number Balance number principal
(GBP) balance (GBP) balance
--------- ---------------- ---------- --------- --------- -------------- ------------ ---------
Current 7,898 1,058,325,444.66 99.18% 99.30% 6,775 877,998,884.68 99.01% 99.12%
1=> - <=2
months
in
arrears
....... 43 5,334,493.12 0.54% 0.50% 40 4,769,181.74 0.58% 0.54%
>2 - <=3
month
in
arrears.
........
.. 1 87,939.60 0.01% 0.01% 10 1,060,863.84 0.15% 0.12%
>3 - <=6
month
in
arrears.
........
.. 10 1,171,135.20 0.13% 0.11% 9 826,997.67 0.13% 0.09%
>6 - <=12
month
in
arrears 10 727,669.31 0.13% 0.07% 4 490,639.61 0.06% 0.06%
>12
months
in
arrears.
........
........ 1 99,457.86 0.01% 0.01% 5 618,388.84 0.07% 0.07%
--------- ---------------- ---------- --------- --------- -------------- ------------ ---------
Total...
........
........
........
........
....... 7,963 1,065,746,139.75 100.00% 100.00% 6,843 885,764,956.38 100.00% 100.00%
31 December 2017 28 February 2018
--------- --------- ---------------------------- ---------
Principal % by % by Principal % by % by
Number Balance number principal Number Balance number principal
(GBP) balance (GBP) balance
--------- -------------- ---------- --------- --------- -------------- ------------ ---------
Current 6,281 804,978,082.33 98.74% 98.74% 6,165 784,581,493.72 98.37% 98.58%
1=> - <=2
months
in
arrears
....... 57 7,203,073.69 0.90% 0.88% 76 8,087,366.09 1.21% 1.02%
>2 - <=3
month
in
arrears.
........
.. 3 548,056.43 0.05% 0.07% 2 200,698.16 0.03% 0.03%
>3 - <=6
month
in
arrears.
........
.. 9 1,029,793.41 0.14% 0.13% 11 1,287,256.21 0.18% 0.16%
>6 - <=12
month
in
arrears 5 451,243.90 0.08% 0.06% 7 680,992.79 0.11% 0.09%
>12
months
in
arrears.
........
........ 6 1,025,668.55 0.09% 0.13% 6 1,025,668.55 0.10% 0.13%
--------- -------------- ---------- --------- --------- -------------- ------------ ---------
Total...
........
........
........
........
....... 6,361 815,235,918.31 100.00% 100.00% 6,267 795,863,475.52 100.00% 100.00%
30 November 2018
% by
Principal % by principal
Number Balance number balance
(GBP)
-------- -------------- ---------- ----------
Current 5,034 617,946,674.90 98.21% 98.56%
1 - < 2 months
in arrears.... 60 5,806,863.60 1.17% 0.93%
2 - < 3 month
in arrears
.... 10 864,455.27 0.20% 0.14%
3 - < 6 month
in arrears
.... 8 664,284.03 0.16% 0.11%
6 - < 12 month
in arrears 9 1,040,062.76 0.18% 0.17%
>12 months
in arrears........ 5 626,472.90 0.10% 0.10%
-------- -------------- ---------- ----------
Total ................................. 5,126 626,948,813.46 100.00% 100.00%
Mortgage loans originated in 2015
31 December 2015 30 April 2016 31 December 2016
------------ --------- ---------------------------- ------------ --------- ---------------------------- ------------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
----------- ------------- ----------- ------------ --------- -------------- ------------ ------------ --------- -------------- ------------ ------------
Current 3 227,350.40 100.00% 100.00% 3,128 659,713,220.11 100.00% 100.00% 2,388 492,703,790.18 99.79% 99.80%
1 - < 2
months
in
arrears.
........
.... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 5 968,066.42 0.21% 0.20%
2 - < 3
month in
arrears
........
..... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
3 - < 6
month in
arrears
........
..... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
6 - < 12
month
in
arrears
........
... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
----------- ------------- ----------- ------------ --------- -------------- ------------ ------------ --------- -------------- ------------ ------------
Total...
........
........
........
........
....... 3 227,350.40 100.00% 100.00% 3,128 659,713,220.11 100.00% 100.00% 2,393 493,671,856.60 100.00% 100.00%
31 March 2017 30 September 2017 31 December 2017
------------ --------- ----------------------------- ------------ --------- ---------------------------- ------------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
--------- ---------------- ----------- ------------ --------- -------------- ------------- ------------ --------- -------------- ------------ ------------
Current 7,967 1,139,657,873.62 99.79% 99.85% 6,769 888,197,826.29 99.62% 99.70% 6,238 790,877,611.50 99.49% 99.48%
1=> - <=2
months
in
arrears
....... 16 1,636,409.16 0.20% 0.14% 22 2,286,348.20 0.32% 0.26% 22 2,514,976.91 0.35% 0.32%
>2 - <=3
month
in
arrears.
........
.. 1 35,404.74 0.01% 0.00% 0 0.00 0.00% 0.00% 3 419,666.11 0.05% 0.05%
>3 - <=6
month
in
arrears.
........
.. 0 0.00 0.00% 0.00% 3 310,321.39 0.04% 0.03% 6 1,141,513.19 0.10% 0.14%
>6 - <=12
month
in
arrears 0 0.00 0.00% 0.00% 1 34,781.90 0.01% 0.00% 1 84,988.16 0.02% 0.01%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
Total...
........
........
........
........
....... 7,984 1,141,329,687.52 100.00% 100.00% 6,795 890,829,277.78 100.00% 100.00% 6,270 795,038,755.87 100.00% 100.00%
28 February 2018 30 November 2018
% by % by
Principal % by principal Principal % by number principal
Number Balance number balance Number Balance balance
(GBP) (GBP)
Current 6,182 777,973,151.08 99.26% 99.29% 5,127 638,533,433.61 98.86% 99.09%
1=> - <=2
months
in
arrears
....... 33 3,685,166.42 0.53% 0.47% 36 3,224,221.99 0.69% 0.50%
>2 - <=3
month
in
arrears.
........
.. 2 159,925.84 0.03% 0.02% 8 1,084,459.74 0.15% 0.17%
>3 - <=6
month
in
arrears.
........
.. 8 967,786.47 0.13% 0.12% 12 1,190,282.09 0.23% 0.18%
>6 - <=12
month
in
arrears 3 732,489.45 0.05% 0.09% 3 375,788.34 0.06% 0.06%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% - - 0.00% 0.00%
Total...
........
........
........
........
....... 6,228 783,518,519.26 100.00% 100.00% 5,186 644,408,185.77 100.00% 100.00%
Mortgage loans originated in 2016
31 December 2016 31 March 2017 30 September
2017
------------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
------------ ------------ ------------ ---------- ------------
Current 0 0.00 0.00% 0.00% 7,147 1,121,723,074.69 99.92% 99.93% 6,919 1,066,708,495.59 99.75% 99.77%
1 - < 2
months
in
arrears.
........
.... 0 0.00 0.00% 0.00% 6 782,553.06 0.08% 0.07% 13 1,840,031.79 0.19% 0.17%
2 - < 3
month in
arrears
........
..... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 3 287,896.48 0.04% 0.03%
3 - < 6
month in
arrears
........
..... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1 358,757.47 0.01% 0.03%
6 - < 12
month
in
arrears
........
... 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
Total...
........
........
........
........
....... 0 0.00 0.00% 0.00% 7,153 1,122,505,627.75 100.00% 100.00% 6,936 1,069,195,181.33 100.00% 100.00%
31 December 2017 28 February 2018 30 November
2018
------------ ------------ ------------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
------- ----------- ------------ ------------- ------------ ------------- ------------
Current 6,736 1,030,155,591.96 99.60% 99.55% 6,640 1,014,109,354.85 99.52% 99.51% 5,428 797,179,634.20 99.23% 99.36%
1=> - <=2
months
in
arrears
....... 17 2,580,582.87 0.25% 0.25% 19 2,712,579.26 0.28% 0.27% 20 2,124,114.96 0.37% 0.26%
>2 - <=3
month
in
arrears.
........
.. 2 194,052.81 0.03% 0.02% 1 60,811.02 0.01% 0.01% 6 1,098,425.00 0.11% 0.14%
>3 - <=6
month
in
arrears.
........
.. 8 1,837,469.39 0.12% 0.18% 9 1,913,618.84 0.13% 0.19% 7 839,624.35 0.13% 0.10%
>6 - <=12
month
in
arrears 0 0.00 0.00% 0.00% 3 264,090.92 0.04% 0.03% 6 655,322.47 0.11% 0.08%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 3 377,697.61 0.05% 0.05%
-------
Total...
........
........
........
........
....... 6,763 1,034,767,697.03 100.00% 100.00% 6,672 1,019,060,454.89 100.00% 100.00% 5,470 802,274,818.59 100.00% 100.00%
Mortgage loans originated in 2017
31 March 2017 30 September
2017
-------
% by % by
Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance
(GBP) (GBP)
----------- ------- -------------
Current 115 30,386,507.29 100.00% 100.00% 3,752 761,153,508.63 99.97% 99.98%
1=> - <=2
months
in
arrears
....... 0 0.00 0.00% 0.00% 1 179,587.57 0.03% 0.02%
>2 - <=3
month
in
arrears.
........
.. 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
>3 - <=6
month
in
arrears.
........
.. 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
>6 - <=12
month
in
arrears 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00%
Total...
........
........
........
........
....... 115 30,386,507.29 100.00% 100.00% 3,753 761,333,096.20 100.00% 100.00%
31 December 2017 28 February 30 November 2018
2018
------- -------
% by % by % by
Principal % by principal Principal % by principal Principal % by principal
Number Balance number balance Number Balance number balance Number Balance number balance
(GBP) (GBP) (GBP)
----------- ------- ------------- ------- ------------ ------------
Current 110 28,396,677.93 99.10% 99.73% 8,615 1,813,997,871.99 99.92% 99.92% 7,973 1,655,108,377.10 99.63% 99.60%
1=> - <=2
months
in
arrears
....... 1 77,666.22 0.90% 0.27% 7 1,413,223.65 0.08% 0.08% 23 4,986,023.44 0.29% 0.30%
>2 - <=3
month
in
arrears.
........
.. 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 3 526,389.45 0.04% 0.03%
>3 - <=6
month
in
arrears.
........
.. 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 3 1,073,120.91 0.04% 0.06%
>6 - <=12
month
in
arrears 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% 1 70389.1 0.01% 0.00%
>12
months
in
arrears.
........
........ 0 0.00 0.00% 0.00% 0 0.00 0.00% 0.00% - - 0.00% 0.00%
Total...
........
........
........
........
....... 111 28,474,344.15 100.00% 100.00% 8,622 1,815,411,095.64 100.00% 100.00% 8,003 1,661,764,300.00 100.00% 100.00%
General Interests of natural and legal persons involved in the
issue Not applicable
Signed on behalf of the issuer:
,By LA ; ;!;ton
Duly authorised
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCLLFEAFLISLIA
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February 15, 2019 02:00 ET (07:00 GMT)
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