| Issuer |
Finance for People (No.2) PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Closing Date |
January 1998 |
| Originators |
The National Home Loans Corporation PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Paragon Mortgages Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Notes Issued |
Class A1 |
Class A2 |
Class B |
Class C |
| |
£55,000,000 |
£77,000,000 |
£33,000,000 |
£10,000,000 |
| Margins |
10bp |
18bp |
40bp |
92bp |
| Step Up Dates |
31 March 2000 |
31 March 2004 |
31 March 2004 |
31 March 2004 |
| Step Up Margins |
20bp |
45bp |
85bp |
195bp |
| Optional Redemption Dates |
31 March 2000 |
31 March 2001 |
31 March 2001 |
31 March 2001 |
| Principal Determination Dates |
Nine days, or if earlier, 5 business days prior to the Interest Payment Date |
| Interest Payment Dates |
Last Bsuiness day of June, September, December and March |
| Lead Manager |
HSBC Bank pLC, Thames Exchange, 10 Queen Street Place, London, EC4R 1BQ |
| Administrator |
Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Trustee |
Citicorp Trustee Company Limited, 336 Strand, London WC2R 1HB |
| Rating Agency |
Moody’s Investor Services Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB |
| Principal Paying / Reference Agent/Exchange Rate Agent |
Citibank N.A., 5 Carmelite Street, London, EC4Y 0PA |
| Legal Advisors to the Issuer/Administrator |
Slaughter and May, 35 Basinghall Street, London, EC2V 5DB |
| Legal Advisors to the Lead Managers and Trustee |
Simmons and Simmons, CityPoint, One Ropemaker Street, London, EC2Y 9SS |
| Auditors to the Issuer |
Deloitte & Touche, Colmore Gate, 2 Colmore Row, Birmingham, B3 2BN |
| Underlying Assets |
First Charged Residential Mortgages |
| Subordinated Loan Provider |
Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Stand By Servicer |
Barclays Bank PLC, acting through Barclays Direct Loan Services (PO Box 444, Leeds, LS11 8DD) |
| SWAP Counterparty |
Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP |