Monthly Report - January 2002
January 25 2002 - 9:05AM
UK Regulatory
RNS Number:5330Q
Holmes Financing (No.3) PLC
25 January 2002
THE FOLLOWING FINANCIAL INFORMATION IS TO BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IN WASHINGTON D C TODAY
AND IS RELEASED ACCORDINGLY FOR INFORMATION PURPOSES TO THE LONDON STOCK EXCHANGE.
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 11th December 2001 to 8th January 2002
All values are in thousands of pounds sterling unless otherwise stated
Mortgage Asset Analysis
Analysis of Mortgage Trust Movements
Current Period
Number £000's
Brought Forward 285,734 17,887,313
Replenishment 7,138 511,511
Repurchased (1,958) (148,062)
Redemptions (5,218) (296,582)
Other Movements 0 26
Carried Forward 285,696 17,954,206
Cumulative
Number £000's
Brought Forward 115,191 6,399,214
Replenishment 249,853 16,780,490
Repurchased (33,377) (2,184,139)
Redemptions (45,971) (3,041,385)
Other Movements 0 26
Carried Forward 285,696 17,954,206
Annualised 1 Month CPR 33.38% **( including
Annualised 3 Month CPR 41.64% redemptions and
Annualised 12 Month CPR 25.15% repurchases )
** The annualised CPR's are expressed as a percentage of the
outstanding balance at the end of the period
Asset Profiles
Weighted Average Seasoning 37
Weighted Average Loan size £62,843.74
Weighted Average LTV 79.09% *** (see below)
Weighted Average Remaining Term 19.32 years
Product Type Analysis £000's %
Variable Rate 11,937,752 66.49%
Fixed Rate 6,016,454 33.51%
Tracker Rate 0 0.00%
Flexible Mortgages 0 0.00%
17,954,206 100.00%
Mortgage Standard Variable Rate
Effective Date Rate
01 September 2001 6.75%
01 November 2001 6.50%
01 December 2001 6.10%
Geographic Analysis
Region Number £000's %
East Anglia 11,100 613,547 3.42%
East Midlands 15,167 796,871 4.44%
Greater London 55,158 4,307,104 23.99%
North West 13,143 609,435 3.39%
North 33,747 1,672,898 9.32%
South East 81,247 5,958,504 33.19%
South West 22,647 1,345,175 7.49%
Wales 14,294 669,170 3.73%
West Midlands 18,870 1,027,108 5.72%
Yorkshire and Humberside 20,194 945,083 5.26%
Unknown 129 9,311 0.05%
Total 285,696 17,954,206 100.00%
Abbey National has reallocated a number of Post Codes to
different Geographical regions from those used in the prospectus
and therefore some minor changes to distribution may be seen.
Original LTV Bands
Range Number £000's %
0.00 - 25.00 3,760 149,088 0.83%
25.01 - 50.00 27,052 1,372,665 7.65%
50.01 - 75.00 69,663 4,635,391 25.82%
75.01 - 80.00 14,889 1,036,143 5.77%
80.01 - 85.00 19,008 1,361,198 7.58%
85.01 - 90.00 42,403 3,126,275 17.41%
90.01 - 95.00 108,921 6,273,446 34.94%
Total 285,696 17,954,206 100.00%
*** The balance is the current outstanding balance on the account
including accrued interest. The LTV is that at origination and
excludes any capitalised high loan to value fees, valuation fees
or booking fees.
Arrears
Band Number Principal Overdue %
Current 279,820 17,634,182 (1,863) 98.23%
1.00 - 1.99 months 4,002 221,072 1,674 1.23%
2.00 - 2.99 months 870 46,996 680 0.26%
3.00 - 3.99 months 387 20,301 425 0.11%
4.00 - 4.99 months 192 9,553 269 0.05%
5.00 - 5.99 months 139 6,999 232 0.04%
6.00 -11.99 months 232 10,416 506 0.06%
12 months and over 27 1,135 134 0.01%
Properties in Possession 27 1,381 114 0.01%
Total 285,696 17,952,035 2,171 100.00%
Definition of Arrears
This arrears multiplier is calculated as the arrears amount ( which is
the difference between the expected monthly repayments and the
amount that has actually been paid, i.e. a total of under and/or
over payments ) divided by the monthly amount repayable. It is
recalculated every time the arrears amount changes, i.e. on the
date when a payment is due.
Shares of Trust last Distribution Date (8th January 2002)
£000's %
Funding Share 11,973,516 66.68920%
Seller Share 5,980,690 33.31080%
17,954,206 100.00000%
Minimum Seller Share 718,008 4.00%
Cash Accumulation Ledger
£000's
Brought Forward 0
Additional Amounts Accumulated 0
Payment of Notes 0
Carried Forward 0
Excess Spread
Quarter to 16/10/2001 0.4621%
Quarter to 16/7/2001 0.6650%
Quarter to 16/4/2001 0.8645%
Reserve Funds First Reserve Second Reserve
Balance as at 15/10/2001 £127,075,547.00 £19,000,000.00
Percentage of Notes 1.06% 0.16%
Properties in Possession
Stock
Current Period
Number £000's
Brought Forward 29 1,453
Repossessed in Period 2 195
Sold in Period (4) (153)
Carried Forward 27 1,495
Cumulative
Number £000's
Repossessed to date 72 3,441
Sold to date (45) (1,946)
Carried Forward 27 1,495
Repossession Sales Information
Average time Possession to Sale 79 Days
Average arrears at time of Sale £4,526.00
MIG Claim Status
Number £000's
MIG Claims made 30 229
MIG Claims outstanding 0 0
Average time claim to payment 23 days
Trigger Events
There has been no debit to the AAA Principal Deficiency Ledger
The Seller has not suffered an Insolvency Event
The Seller is still the Servicer
The Outstanding Principal balance is in excess of £16 billion
This information is provided by RNS
The company news service from the London Stock Exchange
Qnb Fin 26 (LSE:BQ76)
Historical Stock Chart
From Jun 2024 to Jul 2024
Qnb Fin 26 (LSE:BQ76)
Historical Stock Chart
From Jul 2023 to Jul 2024
