Finance Report February 2002
February 22 2002 - 5:24AM
UK Regulatory
RNS Number:8967R
Holmes Financing (No.3) PLC
22 February 2002
THE FOLLOWING FINANCIAL INFORMATION IS TO BE FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION IN WASHINGTON DC TODAY AND IS RELEASED ACCORDINGLY FOR
INFORMATION TO THE LONDON STOCK EXCHANGE
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 09 January 2002 to 08 February 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 285,696 17,954,206
Replenishment 8,968 636,335
Repurchased (3,887) (288,622)
Redemptions (4,111) (313,972)
Losses (41) (150)
Other Movements 0 (26)
Carried Forward 286,625 17,987,771
The losses shown for the current period are from inception to date
as they have not previously been reported separately.
From next month this will show the current period only
Cumulative
Number £000's
Brought Forward 115,191 6,399,214
Replenishment 258,821 17,416,825
Repurchased (37,264) (2,472,761)
Redemptions (50,082) (3,355,357)
Losses (41) (150)
Other Movements 0 0
Carried Forward 286,625 17,987,771
Annualised 1 Month CPR 47.40% **(including
Annualised 3 Month CPR 46.72% redemptions and
Annualised 12 Month CPR 27.50% 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 37.55 months
Weighted Average Loan size £62,757.16
Weighted Average LTV 79.07% *** (see below)
Weighted Average Remaining 19.27 years
Term
Product Type Analysis £000's %
Variable Rate 12,032,020 66.89%
Fixed Rate 5,955,751 33.11%
Tracker Rate 0 0.00%
Flexible Mortgages 0 0.00%
17,987,771 100.00%
Mortgage Standard Variable Rate
Effective Date Rate
01 December 2001 6.10%
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 09 January 2002 to 08 February 2002
All values are in thousands of pounds sterling unless otherwise stated
Geographic Analysis
Region Number £000's %
East Anglia 11,065 611,069 3.40%
East Midlands 15,189 795,820 4.42%
Greater London 55,310 4,315,787 23.99%
North West 13,273 614,695 3.42%
North 34,008 1,682,150 9.35%
South East 81,345 5,967,759 33.18%
South West 22,648 1,342,537 7.46%
Wales 14,435 675,841 3.76%
West Midlands 18,905 1,025,056 5.70%
Yorkshire and Humberside 20,306 946,931 5.26%
Unknown 141 10,126 0.06%
Total 286,625 17,987,771 100.00%
Original LTV Bands
Range Number £000's %
0.00 - 25.00 3,767 148,801 0.83%
25.01 - 50.00 27,183 1,375,820 7.65%
50.01 - 75.00 69,953 4,647,796 25.84%
75.01 - 80.00 14,963 1,042,472 5.80%
80.01 - 85.00 19,108 1,365,332 7.59%
85.01 - 90.00 42,513 3,132,218 17.41%
90.01 - 95.00 109,138 6,275,332 34.89%
Total 286,625 17,987,771 100.00%
*** 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 280,634 17,661,374 (2,108) 98.20%
1.00 - 1.99 months 3,938 217,376 1,730 1.21%
2.00 - 2.99 months 892 50,125 716 0.28%
3.00 - 3.99 months 452 24,333 498 0.14%
4.00 - 4.99 months 213 11,051 300 0.06%
5.00 - 5.99 months 147 7,613 254 0.04%
6.00 -11.99 months 232 10,938 512 0.06%
12 months and over 36 1,263 252 0.01%
Properties in Possession 81 1,419 125 0.01%
Total 286,625 17,985,492 2,279 100.00%
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.
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 09 January 2002 to 08 February 2002
All values are in thousands of pounds sterling unless otherwise stated
Shares of Trust last Distribution Date (08 February 2002)
£000's %
Funding Share 11,973,516 66.56476%
Seller Share 6,014,255 33.43524%
17,987,771 100.00000%
Minimum Seller Share 719,348 4.00%
Cash Accumulation Ledger
£000's
Brought Forward 0
Additional Amounts 150
Accumulated
Payment of Notes 0
Carried Forward 150
Excess Spread
Quarter to 15/1/2002 0.5487%
Quarter to 16/10/2001 0.4621%
Quarter to 16/7/2001 0.6650%
Reserve Funds First Reserve Second Reserve
Balance as at 15/1/2002 £129,075,435.66 £19,000,000.00
Percentage of Notes 1.07% 0.16%
Properties in Possession
Stock
Current Period
Number £000's
Brought Forward 27 1,495
Repossessed in Period 9 338
Sold in Period (5) (289)
Carried Forward 31 1,544
Cumulative
Number £000's
Repossessed to date 81 3,779
Sold to date (50) (2,235)
Carried Forward 31 1,544
Repossession Sales Information
Average time Possession 79 Days
to Sale
Average arrears at time £4,666.00
of Sale
MIG Claim Status
Number £000's
MIG Claims made 38 291
MIG Claims outstanding 5 41
Average time claim to 23 days
payment
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 09 January 2002 to 08 February 2002
All values are in thousands of pounds sterling unless otherwise stated
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
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