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Finance for People (No. 1) PLC - June 1997

Issuer Finance for People (No.1)  PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Closing Date June 1997
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
Societe Generale, Exchange House, Primrose Street, Broadgate, London, EC2A 2HT
Notes Issued Class A1 Class A2 Class B Class C
  £67,000,000 £128,780,000 £16,920,000 £11,290,000
Margins 6bp 13bp 35bp 69bp
Step Up Dates 31 August 1999 31 August 2003 31 August 2003 31 August 2003
Step Up Margins 20bp 45bp 75bp 175bp
Optional Redemption Dates 31 August 1999 31 August 2000 31 August 2000 31 August 2000
Principal Determination Dates Nine days, or if earlier, 5 business days prior to the Interest Payment Date
Interest Payment Dates Last Bsuiness day of May, August, November and February
Lead Manager Deutsche Bank AG London, 6 Bishopsgate, London, EC2P 2AT
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 Deutsche Bank AG London, 6 Bishopsgate, London, EC2P 2AT