Paragon Mortgages (No.4) PLC - March 2002

Issuer	Paragon Mortgages (No.4) PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Closing Date	March 2002
Originator	Paragon Mortgages Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Notes Issued	Class A1	Class B
	£457,500,000	£42,500,000
Note Denominations	£10,000	£10,000
Margins	26bp	85bp
Step Up Dates	April 2008	April 2008
Step Up Margins	52bp	170bp
Optional Redemption Dates	April 2005	April 2005
Principal Determination Dates	Last Business Day of December, March, June and September
Interest Payment Dates	07 January, 07 April, 07 July and 07 October
Lead Managers	ING Bank N.V., London Branch, 60 Victoria Wall, London, EC2N 5TQ
Administrator	Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Trustee	Citicorp Trustee Company Limited, Citigroup Centre, 14^th Floor, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies	Moody’s Investor Services Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB Standards & Poor's, 20 Canada Square, Canary Wharf, London, E14 5LH Fitch Ratings limited, 4^th Floor, 101 Finsbury Pavement, London, EC2A 1RS
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, One Burnhill Row, London, EC1Y 8YY
Legal Advisors to the Lead Managers and Trustee	Simmons & Simmons, CityPoint, One Ropemaker Street, London, EC2Y 9SS
Auditors to the Issuer	Deloitte & Touche LLP, 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	Global Home Loans Limited, 1 Providence Place, Skipton, North Yorkshire, BD23 2HL
SWAP Counterparty	JP Morgan Chase Bank, 12^th Floor, 125 London Wall, London, EC2Y 5AJ