A pool of £3.4 billion in older, nonconforming and buy-to-let homes originated primarily by UK affiliates of GE Money has been priced for an August closing.

Hawksmoor Mortgages 2016-1 PLC is a collection of U.K. mortgage loans issued by several lenders and sold/serviced to a Luxembourg company owned by European private equity funds. More than 80% were originated by GE Money’s home lending and mortgage units, with about one-third consisting of aged, pre-crisis loans issued in 2007, according to a presale report from Standard & Poor’s.

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