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Final Securitised Pool
£584.8M
£584,829,344
Loan Count
6,667
Loans in the portfolio
WA LTV
49.88%
Weighted average loan-to-value
WA Seasoning
147.36m
Weighted average seasoning
Closing Date
26 March 2025
Step-Up Date
25 March 2028
First Call Date
25 March 2028
Final Maturity
25 December 2068
Interest Payment Dates
LEI
635400ZNMBDVDVJH8I61
Registration No.
16121173
Listing Venue
London Stock Exchange's main market
Governing Law
English law
Hazel Residential PLC is an RMBS securitisation of UK residential mortgage loans originated by Santander UK plc. The final securitised pool amounts to £584.8 million, backed by 6,667 loans. Total notes issued are £593.6 million, with Class A notes rated AAA(sf) by S&P and Fitch. The transaction features a step-up date in March 2028 and a final maturity in December 2068.
Average loan size
£87.7K
WA interest rate
5.47%
Owner occupied
95.75%
Buy-to-let
4.25%
Fixed rate
76.27%
Variable rate
23.73%
Top region
London: 24.28%
Collateral notes
The portfolio consists of UK residential mortgage loans, with 46.0% interest-only and 4.25% buy-to-let. 13.76% of loans are over one month in arrears, and 6.7% of borrowers have a bankruptcy in the last six years.
Reference rate: Compounded Daily SONIA
| Class | Principal | Issue Price | Margin (bps) | Step-Up (bps) | Ratings | ISIN |
|---|---|---|---|---|---|---|
Class A Loan NoteRetainedQuarterly | £247,235,000 | 100% | +85 | +128 | | — |
Class A NotesQuarterly | £273,265,000 | 100% | +85 | +128 | | XS3021375871 |
Class B NotesQuarterly | £19,010,000 | 100% | +120 | +180 | | XS3021375954 |
Class C NotesQuarterly | £17,540,000 | 100% | +160 | +240 | | XS3021376093 |
Class D NotesQuarterly | £13,160,000 | 100% | +200 | +300 | | XS3021376176 |
Class E NotesQuarterly | £5,850,000 | — | +325 | +425 | | XS3021376333 |
Class F NotesQuarterly | £5,850,000 | — | +425 | +525 | | XS3021376416 |
Class RFN NotesQuarterly | £8,770,000 | — | +600 | — | | XS3021376507 |
Class Z NotesQuarterly | £2,920,000 | — | +750 | — | | XS3021376762 |
Residual CertificatesRetainedQuarterly | — | — | — | — | | XS3029462135 |
Final Maturity Dates
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