Paragon Mortgages (No.14) PLC - March 2007

Issuer	Paragon Mortgages (No.14) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date	22 March 2007
Originators	Paragon Mortgages Limited, 51 Homer Road Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued	Class A1	Class A2a	Class A2b	Class A2c	Class B1a	Class B1b	Class C1a	Class C1b
Original Rating (S&P/Moody’s/Fitch)	A-1+/P-1/F1+	AAA/Aaa/AAA	AAA/Aaa/AAA	AAA/Aaa/AAA	AA/Aa2/AA+	AA/Aa2/AA+	A/A2/A	A/A2/A
Current Rating (S&P/Moody’s/Fitch)	AAA/Aa3/AAA	AAA/Aa3/AAA	AAA/Aa3/AAA	AAA/Aa3/AAA	AA+/Aa3/AAA	AA+/Aa3/AAA	A+/A1/A+	A+/A1/A+
Original Notes	$1,500,000,000	£125,000,000	€246,000,000	$400,000,000	£51,900,000	€88,800,000	£20,000,000	€135,500,000
GBP Equivalent	£775,193,798	£125,000,000	£168,147,642	£206,718,346	£51,900,000	£60,697,198	£20,000,000	£92,617,908
Currency Exchange Rates	£1 : $1.94	N/A	£1 : €1.46	£1 : $1.94	N/A	£1 : €1.46	N/A	£1 : €1.46
Note Denominations	$100,000	£50,000	€50,000	$100,000	£50,000	€50,000	£50,000	€50,000
Initial Margins	0bp	10bp	10bp	10bp	18bp	18bp	38bp	38bp
Current Margins	20bp	20bp	20bp	20bp	36bp	36bp	76bp	76bp
Step Up Dates	March 2012	March 2012	March 2012	March 2012	March 2012	March 2012	March 2012	March 2012
Step Up Margins	TBA	20bp	20bp	20bp	36bp	36bp	76bp	76bp
Optional Redemption Dates	March 2011	March 2011	March 2011	March 2011	March 2011	March 2011	March 2011	March 2011
Principal Determination Dates	Last business day of August, November, February and May
Quarterly Interest Payment Dates	15 September, 15 December, 15 March and 15 June
A1 Monthly Interest Payment Date	15^thof each month, commencing 16 April 2007
Class A1 Mandatory Transfer Date	The Interest Payment Date falling on 17 December 2007 and annually thereafter
Joint Lead Managers	Deutsche Bank AG, London, Winchester House, 1 Great Winchester Street, London, EC2N 2DB HSBC Bank plc, 8 Canada Square, London, E14 5HQ The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR
Administrators	Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee	Citicorp Trustee Company Limited, Citigroup Centre, 6^thFloor, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies	Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA Standard & Poor’s, 20 Canada Square, Canary Wharf, London, E14 5LH Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Principal Paying / Reference Agent/	Citibank, N.A. Citigroup Centre, 21^stFloor, Canada Square, Canary Wharf, London, E14 5LB
U.S.Paying Agent	Citibank, N.A. 388 Greenwich Street, 14^thFloor, New York, N.Y. 10043, U.S.A.
Tender Agent	Citibank, N.A. Citigroup Centre, 21^stFloor, Canada Square, Canary Wharf, London, E14 5LB
Class A1 Remarketing Agent	The Royal Bank of Scotland plc, 135 Bishopsgate, London, EC2M 3UR
Class A1 Conditional Note Purchaser	The Royal Bank of Scotland plc, 135 Bishopsgate, London, EC2M 3UR
Legal Advisors to the Issuer/Administrators	Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ
Legal Advisors to the Lead Manager and Trustee	Simmons & Simmons, CityPoint, One Ropemaker Street, London, EC2Y 9SS
Auditors to the Issuer	KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying Assets	Investment Home Loans
Subordinated Loan Providers	Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Services PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute Administrator	Homeloan Management Limited, The Pavilions, Bridgwateer Road, Bristol, BS13 8AE
Basis Hedge Providers:	JP Morgan Chase Bank, 12^thFloor, 125 London Wall, London, EC2Y 5AJ NatWest Markets N.V. (London Branch), 250 Bishopsgate, London, EC2M 4AA
Currency SWAP Provider	Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Flexible Drawing Facility Provider	Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 17th March 2014)