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Finance for People (No. 2) PLC - January 1998

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