| Issuer |
First Flexible (No.1) PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Closing Date |
12 November 1999 |
| Originator |
Mortgage Trust Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Notes Issued |
Class A |
Class B |
| |
£276,000,000 |
£24,000,000 |
| Margins |
31bp |
85bp |
| Step Up Dates |
November 2006 |
November 2006 |
| Step Up Margins |
62bp |
170bp |
| Optional Redemption Dates |
November 2005 |
November 2005 |
| Determination Dates |
8 business days prior to each Interest Payment Date |
| Interest Payment Dates |
Last business day of the month |
| Lead Manager |
J.P. Morgan Securities Ltd, 60 Victoria Embankment, London, EC4Y 0JP |
| Servicer |
Mortgage Trust Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Trustee |
Citicorp Trustee Company Limited, Citigroup Centre, 14th Floor, Canada Square, Canary Wharf, London, E14 5LB |
| Rating Agencies |
Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH
Fitch Ratings Limited, 4th Floor, 101 Finsbury Pavement, London, EC2A 1RS |
| Principal Paying / Reference Agent |
Citibank N.A., 5 Carmelite Street, London, EC4Y 0PA |
| Legal Advisors to the Issuer/Administrator |
Lovell White Durrant, 65 Holburn Viaduct, London, EC1A 2DY |
| Legal Advisors to the Lead Managers and Trustee |
Weil, Gotshal & Marges, One South Place, London, EC2M 2WG |
| Auditors to the Issuer |
KMPG Audit Plc, 1 The Embankment, Neville Street, Leeds, LS1 4DW |
| Underlying Assets |
First Charged Residential Owner Occupied Mortgages |
| Start Up Loan Provider |
Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
| Stand By Servicer |
First Activw Plc, Central Park, Leopardstown, Dublin 18 |
| SWAP Counterparty |
Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP |
| Redraw Facility Provider |
Barclays Bank PLC, 54 Lombard Street, London, EC3V 9EX |
| GIC Provider |
Barclays Bank PLC, 54 Lombard Street, London, EC3V 9EX |
| Substitution Period |
November 1999 to November 2002 |