6-K 1 holmes2_0908.htm

FORM 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Report of Foreign Issuer

 

Pursuant to Rule 13a-16 or 15d-16 of

 

Securities Exchange Act of 1934

 

For the month of September 2005

 

HOLMES FINANCING (No 2) PLC

HOLMES FUNDING LIMITED

HOLMES TRUSTEES LIMITED

 

(Translation of registrant's name into English)

 

Abbey National House, 2 Triton Square, Regent’s

Place, London NW1 3AN, England

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F . . . .X. . . . Form 40-F . . . . . . . .

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes . . . . . . . No . . .X. . .  

 

 

 

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

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

397,530

29,891,413

 

 

Replenishment

16,980

1,532,137

 

 

Repurchased

(7,797)

(739,715)

 

 

Redemptions

(10,764)

(890,225)

 

 

Losses

(24)

(1)

 

 

Capitalised Interest

0

3,970

( * see below )

 

Other Movements

0

0

 

 

Carried Forward

395,925

29,797,579

 

 

 

 

 

 

 

 

 

 

 

 

* Capitalised interest refers to interest due met from amounts standing to

 

 

the credit of overpayment facilities on flexible loans

 

 

 

 

 

 

 

 

 

Cumulative

 

 

 

Number

£000's

 

 

Brought Forward

115,191

6,399,214

 

 

Replenishment

1,032,927

79,817,348

 

 

Repurchased

(317,013)

(23,146,604)

 

 

Redemptions

(434,477)

(33,384,210)

 

 

Losses

(703)

(1,078)

 

 

Capitalised Interest

0

112,909

( * see above )

 

Other Movements

0

0

 

 

Carried Forward

395,925

29,797,579

 

 

 

 

 

 

 

 

Trust Payment Rate (CPR)

Annualised Trust Payment Rate (CPR)

****

 

1 Month

5.45%

48.98%

( including

 

3 Month

14.66%

46.95%

redemptions and

 

12 Month

43.75%

43.75%

repurchases )

 

 

 

 

 

 

****

 

 

 

 

To reflect methods more commonly used in the industry the formula to calculate

 

the annualised CPR from the monthly CPR has been changed from (1+R)12 - 1 to

 

1- (1 - R )12 where R is the current monthly CPR. The use of the revised formula

 

for prior calculation periods would have had no effect on the calculation of

 

 

anticipated accumulation periods or the calculation of the second reserve fund

 

required amount for the purposes of the mortgages trust deed. The result of the

 

revised formula in the calculation of the annualised CPR for all prior periods

 

 

is appended to this report.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 1 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Asset Profiles

 

 

 

 

Weighted Average Seasoning

34.76

months

 

 

Weighted Average Loan size

£75,260.67

 

 

 

Weighted Average LTV

68.27%

*** (see below)

 

 

Weighted Average Indexed LTV

54.34%

using Halifax House Price Index

 

Weighted Average Indexed LTV

53.38%

using Nationwide House Price Index

 

Weighted Average Remaining Term

18.15

Years

 

 

 

 

 

 

 

Product Type Analysis

£000's

%

 

 

Variable Rate

9,368,359

31.44%

 

 

Fixed Rate

5,414,220

18.17%

 

 

Tracker Rate

15,015,000

50.39%

 

 

 

29,797,579

100.00%

 

 

 

 

 

 

 

As at 08 August 2005 approximately 10.14% of the loans were flexible loans

 

 

 

 

 

 

 

Repayment Method Analysis

£000's

%

 

 

Endowment

5,342,706

17.93%

 

 

Interest Only

5,342,706

17.93%

 

 

Repayment

19,112,167

64.14%

 

 

 

29,797,579

100.00%

 

 

 

 

 

 

 

As at 08 August 2005 approximately 16.31% of the loans were written under Abbey's policy of non-income verification

 

 

 

 

 

Loan Purpose Analysis

£000's

%

 

 

Purchase

21,326,127

71.57%

 

 

Remortgage

8,471,452

28.43%

 

 

 

29,797,579

100.00%

 

 

 

 

 

 

 

Mortgage Standard Variable Rate

 

 

 

 

Effective Date

Rate

 

 

 

01 September 2004

6.75%

 

 

 

01 July 2004

6.50%

 

 

 

01 June 2004

6.25%

 

 

 

01 March 2004

6.00%

 

 

 

 

 

 

 

 

 

Page 2 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Geographic Analysis

 

 

 

 

Region

Number

£000's

%

 

East Anglia

16,538

1,159,886

3.86%

 

East Midlands

21,746

1,430,811

4.77%

 

Greater London

66,737

6,456,087

21.51%

 

North

17,171

945,788

3.20%

 

North West

44,733

2,713,051

9.07%

 

Scotland

26,149

1,490,185

5.00%

 

South East

101,493

9,034,769

30.44%

 

South West

31,237

2,346,056

7.90%

 

Wales

18,660

1,064,275

3.63%

 

West Midlands

26,535

1,717,969

5.79%

 

Yorkshire and Humberside

24,509

1,414,707

4.74%

 

Unknown

417

23,995

0.08%

 

Total

395,925

29,797,579

100.00%

 

 

 

 

 

 

 

 

 

 

 

Original LTV Bands

 

 

 

 

 

 

 

 

 

Range

Number

£000's

%

 

0.00 - 25.00

18,793

792,962

2.66%

 

25.01 - 50.00

84,379

5,190,932

17.42%

 

50.01 - 75.00

149,577

12,369,299

41.51%

 

75.01 - 80.00

19,761

1,696,188

5.69%

 

80.01 - 85.00

24,213

2,177,993

7.31%

 

85.01 - 90.00

43,025

3,929,200

13.19%

 

90.01 - 95.00

56,177

3,641,005

12.22%

 

Total

395,925

29,797,579

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 3 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Arrears

 

 

 

 

Band

Number

Principal

Overdue

%

Current

385,157

28,958,278

(3,431)

97.22%

1.00 - 1.99 months

5,623

450,810

3,757

1.51%

2.00 - 2.99 months

2,239

165,388

2,625

0.56%

3.00 - 3.99 months

1,155

85,324

1,908

0.29%

4.00 - 4.99 months

505

37,016

1,070

0.12%

5.00 - 5.99 months

353

27,184

938

0.09%

6.00 -11.99 months

676

49,475

2,608

0.17%

12 months and over

58

3,679

410

0.01%

Properties in Possession

159

9,661

879

0.03%

Total

395,925

29,786,815

10,764

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.

 

 

 

 

 

 

 

 

 

Movement in Shares of Trust

 

 

 

 

 

Funding

Seller

 

 

 

£000's

£000's

 

 

Balance Brought Forward

12,021,682

17,869,731

 

 

Replenishment of Assets

0

1,532,137

 

 

Acquisition by Funding

0

0

 

 

Distribution of Principal Receipts

(177,960)

(1,451,980)

 

 

Allocation of Losses

0

(1)

 

 

Share of Capitalised Interest

1,597

2,373

 

 

Payment Re Capitalised Interest

(1,597)

1,597

 

 

Balance Carried Forward

11,843,722

17,953,857

 

 

 

 

 

 

 

Carried Forward Percentage

39.74726%

60.25274%

 

 

 

 

 

 

 

Minimum Seller Share

1,385,716

4.65%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 4 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Cash Accumulation Ledger

 

 

 

 

 

£000's

 

 

 

Brought Forward

722,417

 

 

 

Additional Amounts Accumulated

177,960

 

 

 

Payment of Notes

(722,417)

 

 

 

Carried Forward

177,960

 

 

 

 

 

 

 

 

Target Balance

177,960

payable on 17th October 2005

 

 

 

 

 

 

 

177,960

 

 

 

 

 

 

 

 

Liquidity Facilities

Drawn £000's

Undrawn £000's

 

 

Holmes Funding

£0

£25,000

 

 

Holmes Financing 1

£0

£25,000

 

 

Holmes Financing 2

£0

£25,000

 

 

Holmes Financing 3

£0

£25,000

 

 

Holmes Financing 4

£0

£25,000

 

 

Holmes Financing 5

£0

£25,000

 

 

Holmes Financing 6

£0

£25,000

 

 

 

 

 

 

 

Excess Spread *

 

 

 

 

Quarter to 15/07/05

0.2536%

 

 

 

Quarter to 15/04/05

0.2725%

 

 

 

Quarter to 15/01/05

0.3015%

 

 

 

Quarter to 15/10/04

0.5449%

 

 

 

 

 

 

 

 

*Excess spread is calculated by reference to deferred consideration

 

 

(determined according to relevant accounting policies) for the period,

 

 

adjusted for non-cash related items and items relating to amounts

 

 

falling due after transfers to the first and second reserve funds in the

 

 

Funding Revenue Priority of Payments, expressed as a percentage of

 

 

the average note balance over that period.

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserve Funds

First Reserve

Second Reserve

Funding Reserve

 

Balance as at 15/07/2005

£338,000,000.00

£0.00

£70,000,000.00

 

Required Amount as at 15/07/2005

£338,000,000.00

£0.00

£70,000,000.00

 

Percentage of Notes

2.81%

0.00%

0.58%

 

 

Page 5 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Properties in Possession

 

 

 

 

 

 

 

 

 

Stock

 

 

 

 

 

Current Period

 

 

 

Number

£000's

 

 

Brought Forward

147

8,579

 

 

Repossessed in Period

29

4,466

 

 

Sold in Period

(17)

(2,505)

 

 

Carried Forward

159

10,540

 

 

 

 

 

 

 

 

Cumulative

 

 

 

Number

£000's

 

 

Repossessed to date

868

74,812

 

 

Sold to date

(709)

(64,272)

 

 

Carried Forward

159

10,540

 

 

 

 

 

 

 

Repossession Sales Information

 

 

 

 

Average time Possession to Sale

90

Days

 

 

Average arrears at time of Sale

£4,014

 

 

 

 

 

 

 

 

MIG Claim Status

 

 

 

 

 

Number

£000's

 

 

MIG Claims made

199

1,396

 

 

MIG Claims outstanding

1

3

 

 

 

 

 

 

 

Average time claim to payment

36

 

 

 

 

 

 

 

 

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 £25 billion

 

 

 

 

 

 

 

Proposed Changes

 

 

 

 

Abbey has requested Fitch Ratings to confirm the impact on the rating of the issued securities

 

if the minimum required short term rating of Abbey as sterling account bank / GIC provider is

 

changed to F1 from F1+. Once Fitch has completed its review of the appropriate documentation

 

amendments, it expects to confirm that this change will have no effect on the rating of any of the

 

securities issued by any of the Issuers. In addition, it has indicated that in the event that Abbey

 

is downgraded below F1 then Abbey's obligations will either need to be guaranteed by a third

 

party rated at least F1 or transferred to a counterparty rated at least F1, within 30 days of the

 

downgrade, to prevent a downgrade by Fitch of any of the issued securities

 

 

 

 

 

 

 

 

Page 6 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Contact Details

 

 

 

 

If you have any queries regarding this report please contact the Securitisation Team via

 

 

 

 

 

 

Telephone : +44 (1908) 343232 / 344602 / 343836

 

 

 

Facsimilie :  +44 (1908) 343019

 

 

 

 

Email :        Securitisation@Abbey.com

 

 

 

 

 

 

 

 

 

 

Page 7 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

  

Notes

Deal

Rating (S&P/Moody's/Fitch)

Outstanding

Reference Rate

Margin

Series 2 Class A

Holmes Financing No. 1

AAA/Aaa/AAA

$975,000,000

3.14063%

0.19%

Series 2 Class A

Holmes Financing No. 4

AAA/Aaa/AAA

€ 800,000,000

 

5.05%

Series 2 Class A

Holmes Financing No. 7

AAA/Aaa/AAA

$1,250,000,000

3.14063%

0.15%

Series 2 Class A

Holmes Financing No. 8

AAA/Aaa/AAA

$1,500,000,000

3.14063%

0.08%

Series 2 Class B

Holmes Financing No. 1

AA/Aa3/AA

$34,500,000

3.14063%

0.41%

Series 2 Class B

Holmes Financing No. 4

AA/Aa3/AA

€ 35,800,000

2.13800%

0.40%

Series 2 Class B

Holmes Financing No. 6

AA/Aa3/AA

$42,000,000

3.14063%

0.41%

Series 2 Class B

Holmes Financing No. 7

AA/Aa3/AA

$37,500,000

3.14063%

0.35%

Series 2 Class B

Holmes Financing No. 8

AA/Aa3/AA

$51,000,000

3.14063%

0.17%

Series 2 Class C

Holmes Financing No. 1

BBB/Baa2/BBB

$45,000,000

3.14063%

1.15%

Series 2 Class C

Holmes Financing No. 4

BBB/Baa2/BBB

€ 53,800,000

2.13800%

1.45%

Series 2 Class C

Holmes Financing No. 6

BBB/Baa2/BBB

$71,000,000

3.14063%

1.45%

Series 2 Class C

Holmes Financing No. 7

BBB/Baa2/BBB

$63,750,000

3.14063%

0.80%

Series 2 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

$87,000,000

3.14063%

0.72%

Series 3 Class A

Holmes Financing No. 2

AAA/Aaa/AAA

£500,000,000

4.93063%

0.24%

Series 3 Class A

Holmes Financing No. 3

AAA/Aaa/AAA

€ 805,000,000

2.13800%

0.24%

Series 3 Class A

Holmes Financing No. 6

AAA/Aaa/AAA

€ 1,000,000,000

2.13800%

0.24%

Series 3 Class A

Holmes Financing No. 7

AAA/Aaa/AAA

$500,000,000

3.14063%

0.23%

Series 3 Class A

Holmes Financing No. 8

AAA/Aaa/AAA

€ 990,000,000

2.13800%

0.15%

Series 3 Class A 1

Holmes Financing No. 5

AAA/Aaa/AAA

€ 600,000,000

 

4.25%

Series 3 Class A 2

Holmes Financing No. 5

AAA/Aaa/AAA

£500,000,000

4.93063%

0.23%

Series 3 Class A1

Holmes Financing No. 1

AAA/Aaa/AAA

£375,000,000

4.93063%

0.26%

Series 3 Class A1

Holmes Financing No. 4

AAA/Aaa/AAA

£550,000,000

4.93063%

0.23%

Series 3 Class A2

Holmes Financing No. 1

AAA/Aaa/AAA

€ 320,000,000

2.13800%

0.26%

Series 3 Class A2

Holmes Financing No. 4

AAA/Aaa/AAA

$410,000,000

3.14063%

0.23%

Series 3 Class B

Holmes Financing No. 1

AA/Aa3/AA

£24,000,000

4.93063%

0.45%

Series 3 Class B

Holmes Financing No. 2

AA/Aa3/AA

£19,000,000

4.93063%

0.45%

Series 3 Class B

Holmes Financing No. 3

AA/Aa3/AA

€ 24,000,000

2.13800%

0.40%

Series 3 Class B

Holmes Financing No. 4

AA/Aa3/AA

$34,500,000

3.14063%

0.44%

Series 3 Class B

Holmes Financing No. 5

AA/Aa3/AA

€ 53,000,000

2.13800%

0.40%

Series 3 Class B

Holmes Financing No. 6

AA/Aa3/AA

€ 34,000,000

2.13800%

0.50%

Series 3 Class B

Holmes Financing No. 7

AA/Aa3/AA

£15,000,000

4.93063%

0.50%

Series 3 Class B

Holmes Financing No. 8

AA/Aa3/AA

€ 34,000,000

2.13800%

0.27%

Series 3 Class C

Holmes Financing No. 1

BBB/Baa2/BBB

£30,000,000

4.93063%

1.60%

Series 3 Class C

Holmes Financing No. 2

BBB/Baa2/BBB

£25,000,000

4.93063%

1.50%

Series 3 Class C

Holmes Financing No. 3

BBB/Baa2/BBB

€ 50,000,000

2.13800%

1.50%

Series 3 Class C

Holmes Financing No. 4

BBB/Baa2/BBB

$49,500,000

3.14063%

1.30%

Series 3 Class C

Holmes Financing No. 5

BBB/Baa2/BBB

€ 76,000,000

2.13800%

1.47%

Series 3 Class C

Holmes Financing No. 6

BBB/Baa2/BBB

€ 57,000,000

2.13800%

1.50%

Series 3 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

€ 57,500,000

2.13800%

0.85%

Series 3 Class M

Holmes Financing No. 7

A/A2/A

£20,000,000

4.93063%

0.80%

Series 4 Class A

Holmes Financing No. 1

AAA/Aaa/AAA

£250,000,000

 

6.62%

Series 4 Class A

Holmes Financing No. 2

AAA/Aaa/AAA

€ 500,000,000

2.13800%

0.27%

Series 4 Class A

Holmes Financing No. 4

AAA/Aaa/AAA

CHF 850,000,000

 

3.50%

 

 

Page 8 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Series 4 Class A 1

Holmes Financing No. 6

AAA/Aaa/AAA

$1,000,000,000

3.14063%

0.24%

Series 4 Class A 1

Holmes Financing No. 7

AAA/Aaa/AAA

€ 500,000,000

2.13800%

0.26%

Series 4 Class A 1

Holmes Financing No. 8

AAA/Aaa/AAA

£900,000,000

4.93063%

0.15%

Series 4 Class A 2

Holmes Financing No. 6

AAA/Aaa/AAA

CHF 300,000,000

 

2.50%

Series 4 Class A 2

Holmes Financing No. 7

AAA/Aaa/AAA

£250,000,000

4.93063%

0.26%

Series 4 Class A 2

Holmes Financing No. 8

AAA/Aaa/AAA

$500,000,000

3.14063%

0.14%

Series 4 Class B

Holmes Financing No. 1

AA/Aa3/AA

£11,000,000

4.93063%

0.62%

Series 4 Class B

Holmes Financing No. 2

AA/Aa3/AA

€ 21,000,000

2.13800%

0.50%

Series 4 Class B

Holmes Financing No. 4

AA/Aa3/AA

£11,000,000

4.93063%

0.43%

Series 4 Class B

Holmes Financing No. 6

AA/Aa3/AA

$40,000,000

3.14063%

0.52%

Series 4 Class B

Holmes Financing No. 7

AA/Aa3/AA

€ 41,000,000

2.13800%

0.53%

Series 4 Class B

Holmes Financing No. 8

AA/Aa3/AA

£39,900,000

4.93063%

0.30%

Series 4 Class C

Holmes Financing No. 1

BBB/Baa2/BBB

£14,000,000

4.93063%

1.75%

Series 4 Class C

Holmes Financing No. 2

BBB/Baa2/BBB

€ 35,000,000

2.13800%

1.60%

Series 4 Class C

Holmes Financing No. 4

BBB/Baa2/BBB

£19,000,000

4.93063%

1.50%

Series 4 Class C

Holmes Financing No. 6

BBB/Baa2/BBB

$69,000,000

3.14063%

1.55%

Series 4 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

£68,000,000

4.93063%

0.90%

Series 4 Class M

Holmes Financing No. 7

A/A2/A

€ 56,000,000

2.13800%

0.80%

Series 5 Class A

Holmes Financing No. 6

AAA/Aaa/AAA

£500,000,000

4.93063%

0.24%

Series 5 Class B

Holmes Financing No. 6

AA/Aa3/AA

£17,000,000

4.93063%

0.52%

Series 5 Class C

Holmes Financing No. 6

BBB/Baa2/BBB

£29,000,000

4.93063%

1.55%

 

 

 

 

 

 

 

 

Retired Class A Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date Retired

Holmes 1

Holmes 2

Holmes 3

Holmes4

Holmes 5

Holmes 6

Holmes 7

Holmes 8

02Q3

-

703

-

-

352

-

-

-

02Q4

-

-

-

-

352

-

-

-

03Q1

-

-

750

-

-

-

-

-

03Q2

-

-

-

-

-

-

-

-

03Q3

600

-

-

-

-

481

-

-

03Q4

-

176

-

191

-

481

-

-

04Q1

-

176

-

191

-

-

241

-

04Q2

-

176

-

191

-

-

241

-

04Q3

-

176

-

191

-

-

-

-

04Q4

-

-

-

-

698

-

-

-

05Q1

-

-

750

-

-

-

-

-

05Q2

-

-

-

-

-

801

-

1,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 9 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 


Outstanding Class A Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected Redemption

Holmes 1

Holmes 2

Holmes 3

Holmes4

Holmes 5

Holmes 6

Holmes 7

Holmes 8

05Q2

-

-

-

-

-

-

-

-

05Q3

650

-

-

-

-

-

-

-

05Q4

-

125

-

-

-

-

-

-

06Q1

-

125

-

-

-

-

803

-

06Q2

-

125

-

-

-

-

-

-

06Q3

-

125

500

   1,340

-

-

-

-

06Q4

-

-

-

350

875

-

-

-

07Q1

-

-

-

-

-

-

161

812

07Q2

-

-

-

-

-

634

161

-

07Q3

575

-

-

-

-

-

-

-

07Q4

-

300

-

-

-

770

-

-

08Q1

-

-

-

-

-

-

-

-

08Q2

-

-

-

-

-

500

592

221

08Q3

-

-

-

-

-

-

-

221

08Q4

-

-

-

-

-

-

-

221

09Q1

-

-

-

-

-

-

-

   1,171

09Q2

-

-

-

-

-

-

-

-

09Q3

-

-

-

-

-

-

-

-

09Q4

-

-

-

-

-

-

-

-

10Q1

-

-

-

-

-

-

-

-

10Q2

-

-

-

-

-

-

-

-

10Q3

250

-

-

-

-

-

-

-

10Q4

-

-

-

-

-

-

-

-

 

Page 10 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

Page 11 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Appendix of Restated Trust Payment Rates (CPR)

 

 

 

 

 

Previously Reported CPR Calculations

 

Revised Trust Payment Rate (CPR) Calculations

 

Annualised 1 Month

Annualised 3 Month

Annualised 12 Month

 

Annualised 1 Month

Annualised 3 Month

Annualised 12 Month

September 2000

31.17%

 

 

 

39.69%

 

 

October 2000

28.55%

 

 

 

14.03%

 

 

November 2000

27.97%

30.02%

 

 

22.26%

26.13%

 

December 2000

27.90%

23.57%

 

 

22.22%

19.59%

 

January 2001

18.19%

17.92%

 

 

15.59%

20.08%

 

February 2001

37.13%

22.67%

 

 

27.70%

21.99%

 

March 2001

32.28%

21.57%

 

 

24.91%

22.90%

 

April 2001

38.72%

25.99%

 

 

28.57%

27.08%

 

May 2001

31.76%

33.66%

 

 

23.58%

25.71%

 

June 2001

58.57%

29.58%

 

 

59.44%

39.50%

 

July 2001

47.78%

37.64%

 

 

34.88%

41.34%

 

August 2001

54.90%

51.53%

23.26%

 

36.88%

44.96%

30.33%

September 2001

58.57%

52.38%

24.10%

 

38.57%

36.79%

30.22%

October 2001

50.29%

53.02%

26.96%

 

34.94%

36.81%

31.82%

November 2001

31.84%

32.79%

19.69%

 

35.16%

36.24%

32.85%

December 2001

65.05%

41.14%

23.26%

 

41.40%

37.24%

34.41%

January 2002

33.38%

41.64%

25.15%

 

26.07%

34.51%

35.13%

February 2002

47.40%

46.72%

27.50%

 

33.61%

33.99%

35.59%

March 2002

60.90%

44.64%

30.33%

 

36.57%

32.22%

36.49%

April 2002

50.29%

23.38%

33.04%

 

34.78%

35.00%

36.97%

May 2002

75.13%

30.10%

38.49%

 

44.53%

38.77%

38.63%

June 2002

91.30%

32.35%

43.95%

 

49.76%

43.35%

37.53%

July 2002

50.26%

69.25%

41.41%

 

35.71%

43.62%

37.60%

August 2002

90.88%

73.95%

44.27%

 

50.40%

45.69%

38.84%

September 2002

74.44%

70.42%

46.74%

 

44.61%

43.90%

39.36%

October 2002

98.55%

85.82%

50.31%

 

52.45%

49.26%

40.93%

November 2002

80.04%

63.13%

40.25%

 

58.06%

52.02%

43.03%

December 2002

89.45%

77.90%

43.28%

 

49.15%

53.37%

43.70%

January 2003

47.72%

70.89%

44.66%

 

33.80%

47.93%

44.22%

February 2003

83.00%

71.82%

47.80%

 

47.44%

43.86%

45.29%

March 2003

61.95%

62.86%

48.81%

 

40.33%

40.79%

45.57%

April 2003

65.88%

68.92%

53.21%

 

41.66%

43.23%

46.07%

May 2003

80.36%

68.33%

55.66%

 

46.92%

43.04%

46.27%

June 2003

105.58%

81.24%

58.14%

 

54.45%

47.94%

46.71%

July 2003

72.83%

83.99%

59.01%

 

44.15%

48.70%

47.33%

August 2003

83.86%

85.18%

61.74%

 

48.01%

49.05%

47.12%

September 2003

85.47%

78.88%

62.70%

 

48.67%

46.98%

47.46%

October 2003

84.20%

83.47%

65.22%

 

47.68%

48.12%

47.04%

November 2003

76.24%

80.29%

65.25%

 

45.71%

47.37%

45.89%

December 2003

78.21%

77.57%

64.83%

 

46.30%

46.57%

45.64%

 

 

Page 12 of 13

 


  

Holmes Financing No 2 plc

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 July 2005 to 08 August 2005

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

January 2004

59.99%

70.21%

63.35%

 

39.28%

43.85%

46.03%

February 2004

79.31%

71.45%

65.26%

 

46.42%

44.10%

45.94%

March 2004

75.33%

70.45%

64.90%

 

45.18%

43.71%

46.32%

April 2004

72.93%

63.33%

54.09%

 

51.56%

47.80%

47.15%

May 2004

74.65%

66.95%

54.74%

 

45.35%

47.45%

47.02%

June 2004

63.65%

68.58%

54.45%

 

41.05%

46.16%

45.87%

July 2004

76.51%

70.64%

54.67%

 

45.36%

43.96%

45.97%

August 2004

80.19%

72.45%

56.02%

 

46.80%

44.46%

45.87%

September 2004

75.10%

75.94%

56.62%

 

45.10%

45.76%

45.56%

October 2004

80.27%

76.77%

57.14%

 

47.04%

46.32%

45.51%

November 2004

84.38%

78.68%

58.65%

 

47.94%

46.70%

45.70%

December 2004

66.88%

75.49%

58.76%

 

42.28%

45.81%

45.37%

January 2005

47.61%

64.76%

58.09%

 

33.67%

41.59%

44.96%

February 2005

60.58%

58.05%

59.20%

 

39.38%

38.54%

44.39%

March 2005

66.77%

57.82%

59.46%

 

42.07%

38.47%

44.14%

April 2005

68.34%

64.46%

60.03%

 

42.64%

41.38%

43.35%

May 2005

68.01%

66.91%

59.85%

 

42.49%

42.40%

43.10%

June 2005

75.76%

69.58%

59.77%

 

45.42%

43.53%

43.47%

July 2005

79.08%

73.11%

60.67%

 

46.40%

44.79%

43.56%

 

 

 

Page 13 of 13

 

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

  HOLMES FINANCING (No 2) PLC  
     
     

Dated: 8th September 2005

By / s / Karen Carson

 

 

 

 (Authorised Signatory)