-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WrklB+kXLKZ3kKoFR+Y/rbQNKbkmS7sfj9cOt/LPIdIXilRR8pBpdOXGzY+5RXlv bsDp/gtv6WprzghbH7pc1A== 0000903423-08-000533.txt : 20080630 0000903423-08-000533.hdr.sgml : 20080630 20080630135033 ACCESSION NUMBER: 0000903423-08-000533 CONFORMED SUBMISSION TYPE: 10-D/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20080509 FILED AS OF DATE: 20080630 DATE AS OF CHANGE: 20080630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Holmes Master Issuer CENTRAL INDEX KEY: 0001394660 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-139944-01 FILM NUMBER: 08925061 BUSINESS ADDRESS: STREET 1: ABBEY HOUSE BAKER STREET STREET 2: 011-44-20-7612-4000 CITY: LONDON NW1 6XL UNITE STATE: X0 ZIP: 00000 10-D/A 1 holmes-10da_0630.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-D/A

 

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the monthly distribution period from

May 9, 2008 to June 9, 2008

Commission File Number of issuing entity: 333-139944-01

HOLMES MASTER ISSUER PLC

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-139944

HOLMES FUNDING LIMITED

(Exact name of depositor as specified in its charter)

ABBEY NATIONAL PLC

(Exact name of sponsor as specified in its charter)

England and Wales

(State or other jurisdiction of incorporation or organization of the issuing entity)

N/A

(I.R.S. Employer Identification No.)

Abbey National House

2 Triton Square

Regent’s Place

London   NW1 3AN

United Kingdom

 

(Address of principal executive offices of the issuing entity)

+44 (0)20 7612 4000

(Telephone number, including area code)

None

(Former name, former address, if changed since last report)

Registered/reporting pursuant to (check one)

 

Section 12(b)

Section 12(g)

Section 15(d)

Name of exchange

Title of class

 

 

 

(If Section 12(b))

Series 2007-1, Class 1A1

[___]

[___]

x

None

Series 2007-1, Class 2A

[___]

[___]

x

None

Series 2007-1, Class 3A1

[___]

[___]

x

None

Series 2007-1, Class 4A

[___]

[___]

x

None

Series 2007-1, Class 1B1

[___]

[___]

x

None

Series 2007-1, Class 1C1

[___]

[___]

x

None

Series 2007-1, Class 2C1

[___]

[___]

x

None

Series 2007-2, Class 1A1

[___]

[___]

x

None

Series 2007-2, Class 2A1

[___]

[___]

x

None

 

 

 

 

1

 

 

 


 

 

 

Series 2007-2, Class 3A1

[___]

[___]

x

None

Series 2007-2, Class 4A

[___]

[___]

x

None

Series 2007-2, Class 1B

[___]

[___]

x

None

Series 2007-2, Class 2B1

[___]

[___]

x

None

Series 2007-2, Class 2M1

[___]

[___]

x

None

Series 2007-2, Class 1C

[___]

[___]

x

None

Series 2007-2, Class 2C1

[___]

[___]

x

None

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X. No ......

 

 

 

2

 

 

 


 

 

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

A distribution was made on June 16, 2008 by the Bank of New York, as principal paying agent on behalf of the issuing entity, to the holders of the notes listed above.

The description of the distribution and pool performance for the distribution period from May 9, 2008 to June 9, 2008 is provided in the monthly statements attached as Exhibit 99.1 and Exhibit 99.2 to this Form 10-D.

 

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.1 is included in the Prospectus Supplement relating to the Series 2007-1 notes dated March 27, 2007 (the “2007-1 Prospectus Supplement”) and the related Prospectus dated March 21, 2007 (together with the 2007-1 Prospectus Supplement, the “2007-1 Prospectus”) of Holmes Master Issuer plc (the “issuing entity”) filed with the Securities and Exchange Commission (the “SEC”) on March 27, 2007 pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “Securities Act”).

 

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.2 is included in the Prospectus Supplement relating to the Series 2007-2 notes dated June 7, 2007 (the “2007-2 Prospectus Supplement”) and the related Prospectus dated May 23, 2007 (together with the 2007-2 Prospectus Supplement, the “2007-2 Prospectus”) of Holmes Master Issuer plc (the “issuing entity”) filed with the Securities and Exchange Commission (the “SEC”) on June 11, 2007 pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended (the “Securities Act”).

Item 9. Exhibits.

Exhibit No.

Description

99.1

2007-1 Monthly Statement to Noteholders

99.2

2007-2 Monthly Statement to Noteholders

 

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 Funding Limited, as depositor

 

Date:  30 June 2008

 

By: /s/ Jessica Petrie

Name: Jessica Petrie

Title: Authorised Signatory

 

 

 

 

3

 

 

 

 

 

 EX-99.1 2 holmes-10daex991_0630.htm

  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

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

463,338

43,902,203

 

 

Replenishment

15,240

2,037,798

 

 

Repurchased

(7,870)

(1,003,050)

 

 

Redemptions

(7,603)

(918,008)

 

 

Losses

(43)

(507)

 

 

Capitalised Interest

0

5,018

( * see below )

 

Other Movements

0

0

 

 

Carried Forward

463,062

44,023,454

 

 

 

 

 

 

 

 

 

 

 

 

* 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

1,678,693

150,223,476

 

 

Repurchased

(553,017)

(46,577,577)

 

 

Redemptions

(775,939)

(66,277,199)

 

 

Losses

(370)

(6,198)

 

 

Capitalised Interest

0

261,738

( * see above )

 

Other Movements

0

0

 

 

Carried Forward

463,062

44,023,454

 

 

 

 

 

 

 

 

 

Page 1 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Prepayment Rates

 

 

 

 

 

Trust Payment Rate (CPR) - Redemptions

Annualised Trust Payment Rate (CPR)

 

 

1 Month

2.09%

22.40%

 

 

3 Month

5.57%

20.50%

 

 

12 Month

25.78%

25.78%

 

 

 

 

 

 

 

 

Trust Payment Rate (CPR) - Repurchases

Annualised Trust Payment Rate (CPR)

 

 

1 Month

3.67%

28.55%

 

 

3 Month

7.29%

21.85%

 

 

12 Month

18.29%

18.29%

 

 

 

 

 

 

 

 

Trust Payment Rate (CPR) - Redemptions and Repurchases

Annualised Trust Payment Rate (CPR)

 

 

1 Month

5.76%

50.95%

 

 

3 Month

12.86%

42.35%

 

 

12 Month

44.06%

44.06%

 

 

 

 

 

 

 

Asset Profiles

 

 

 

 

Weighted Average Seasoning

36.56

months

 

 

Weighted Average Loan size

£95,070.32

 

 

 

Weighted Average LTV

65.75%

*** (see below)

 

 

Weighted Average Indexed LTV

59.05%

using Halifax House Price Index

 

Weighted Average Indexed LTV

58.73%

using Nationwide House Price Index

 

Weighted Average Remaining Term

17.73

Years

 

 

 

 

 

 

 

Product Type Analysis

£000's

%

 

 

Variable Rate

9,236,121

20.98%

 

 

Fixed Rate

19,660,875

44.66%

 

 

Tracker Rate

15,126,459

34.36%

 

 

 

44,023,454

100.00%

 

 

 

 

 

 

 

As at 09 June 2008 approximately 16.59% of the loans were flexible loans

 

 

 

 

 

 

 

 

 

Page 2 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Repayment Method Analysis

£000's

%

 

 

Endowment

3,970,916

9.02%

 

 

Interest Only

15,417,014

35.02%

 

 

Repayment

24,635,525

55.96%

 

 

 

44,023,454

100.00%

 

 

 

 

 

 

 

As at 09 June 2008 approximately 29.27% of the loans were written under Abbey's policy of non-income verification

 

 

 

 

 

Loan Purpose Analysis

£000's

%

 

 

Purchase

24,543,076

55.75%

 

 

Remortgage

19,480,378

44.25%

 

 

 

44,023,454

100.00%

 

 

 

 

 

 

 

Mortgage Standard Variable Rate

 

 

 

 

Effective Date

Rate

 

 

 

01 May 2008

7.09%

 

 

 

01 March 2008

7.34%

 

 

 

01 January 2008

7.59%

 

 

 

01 August 2007

7.84%

 

 

 

 

 

 

 

 

Geographic Analysis

 

 

 

 

Region

Number

£000's

%

 

East Anglia

17,651

1,519,087

3.45%

 

East Midlands

24,565

1,975,213

4.49%

 

Greater London

79,733

9,974,581

22.66%

 

North

18,365

1,242,755

2.82%

 

North West

53,327

4,056,084

9.21%

 

Scotland

28,046

1,892,398

4.30%

 

South East

124,914

13,878,439

31.53%

 

South West

38,014

3,579,355

8.13%

 

Wales

21,395

1,548,077

3.52%

 

West Midlands

28,185

2,256,237

5.13%

 

Yorkshire and Humberside

28,410

2,064,873

4.69%

 

Unknown

457

36,355

0.08%

 

Total

463,062

44,023,454

100.00%

 

 

 

 

 

 

 

 

Page 3 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Original LTV Bands

 

 

 

 

 

 

 

 

 

Range

Number

£000's

%

Average Seasoning

0.00 - 25.00

40,058

1,496,383

3.40%

35.68

25.01 - 50.00

124,430

8,407,189

19.10%

38.23

50.01 - 75.00

177,414

19,353,289

43.96%

35.49

75.01 - 80.00

21,417

2,717,099

6.17%

34.52

80.01 - 85.00

29,155

4,052,199

9.20%

31.87

85.01 - 90.00

43,348

5,865,695

13.32%

32.89

90.01 - 95.00

27,240

2,131,600

4.84%

61.87

Total

463,062

44,023,454

100.00%

36.56

 

 

 

 

 

*** 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

450,155

42,720,658

149

97.09%

1.00 - 1.99 months

7,258

734,096

5,863

1.67%

2.00 - 2.99 months

2,615

250,758

3,917

0.57%

3.00 - 3.99 months

1,127

106,460

2,366

0.24%

4.00 - 4.99 months

585

55,802

1,574

0.13%

5.00 - 5.99 months

341

33,690

1,193

0.08%

6.00 -11.99 months

687

68,978

3,485

0.16%

12 months and over

101

10,137

1,137

0.02%

Properties in Possession

193

21,499

1,692

0.05%

Total

463,062

44,002,078

21,376

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.

 

 

 

 

 

 

 

 

 

 

 

Page 4 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Movement in Shares of Trust

 

 

 

 

 

Funding

Seller

 

 

 

£000's

£000's

 

 

Balance Brought Forward

33,793,101

10,109,102

 

 

Replenishment of Assets

0

2,037,798

 

 

Acquisition by Funding

0

0

 

 

Distribution of Principal Receipts

(209,177)

(1,711,881)

 

 

Allocation of Losses

(391)

(116)

 

 

Share of Capitalised Interest

3,865

1,153

 

 

Payment Re Capitalised Interest

(3,865)

3,865

 

 

Balance Carried Forward

33,583,533

10,439,921

 

 

 

 

 

 

 

Carried Forward Percentage

76.28555%

23.71445%

 

 

 

 

 

 

 

Minimum Seller Share

2,768,270

6.29%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Accumulation Ledger

 

 

 

 

 

£000's

 

 

 

Brought Forward

1,248,252

 

 

 

Additional Amounts Accumulated

209,568

 

 

 

Payment of Notes

0

 

 

 

Carried Forward

1,457,820

 

 

 

 

 

 

 

 

Target Balance

1,456,913

payable on 15th July 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,456,913

 

 

 

 

 

 

 

 

 

 

Page 5 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Excess Spread *

 

 

 

 

Quarter to 15/04/08

0.3174%

 

 

 

Quarter to 15/01/08

0.5229%

 

 

 

Quarter to 15/10/07

0.5859%

 

 

 

Quarter to 16/07/07

0.5050%

 

 

 

 

 

 

 

 

*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 15/04/08

£563,000,000.00

£0.00

£10,000,000.00

 

Required Amount as at 15/04/08

£563,000,000.00

£0.00

£10,000,000.00

 

Percentage of Notes

1.61%

0.00%

0.03%

 

Percentage of Funding Share

1.68%

0.00%

0.03%

 

 

 

 

 

 

 

 

 

 

 

Notes Outstanding

 

 

 

 

 

£000's

Enhancement

 

 

AAA Notes Outstanding

32,576,888

8.64%

 

 

AA Notes Outstanding

952,146

5.92%

 

 

A Notes Outstanding

464,856

4.59%

 

 

BBB Notes Outstanding

1,046,954

1.61%

 

 

Total

35,040,844

 

 

 

 

 

 

 

 

Properties in Possession

 

 

 

 

 

 

 

 

 

Stock

 

 

 

 

 

Current Period

 

 

 

Number

£000's

 

 

Brought Forward

182

20,939

 

 

Repossessed in Period

48

11,236

 

 

Sold in Period

(37)

(8,984)

 

 

Carried Forward

193

23,191

 

 

 

 

 

 

 

 

Cumulative

 

 

 

Number

£000's

 

 

Repossessed to date

2,052

334,953

 

 

Sold to date

(1,859)

(311,762)

 

 

Carried Forward

193

23,191

 

 

 

 

 

 

 

 

 

Page 6 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Repossession Sales Information

 

 

 

 

Average time Possession to Sale

105

Days

 

 

Average arrears at time of Sale

£6,397

 

 

 

 

 

 

 

 

MIG Claim Status **

 

 

 

 

 

Number

£000's

 

 

MIG Claims made

199

1,396

 

 

 

 

 

 

 

**On the 14th October, 2005, Abbey exercised its right to cancel all relevant MIG policies and

 

therefore, none of the mortgage loans in the portfolio are currently covered by a MIG policy.

 

 

 

 

 

 

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 £30 billion

 

 

 

 

 

 

 

 

 

 

 

 

Contact Details

 

 

 

 

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

 

 

 

 

 

 

Telephone : +44 (1908) 343836

 

 

 

 

Facsimilie : +44 (1908) 343019

 

 

 

 

Email : Securitisation@Abbey.com

 

 

 

Or, visit our website at www.holmesreporting.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 7 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

  

Notes

Deal

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

Outstanding

Reference Rate

Margin

Series 4 Class A

Holmes Financing No. 1

AAA/Aaa/AAA

£250,000,000

 

6.62%

Series 4 Class B

Holmes Financing No. 1

AA/Aa3/AA

£11,000,000

5.92938%

0.62%

Series 4 Class C

Holmes Financing No. 1

BBB/Baa2/BBB

£14,000,000

5.92938%

1.75%

Series 3 Class A

Holmes Financing No. 8

AAA/Aaa/AAA

€ 660,000,000

4.74700%

0.15%

Series 3 Class B

Holmes Financing No. 8

AA/Aa3/AA

€ 22,666,667

4.74700%

0.27%

Series 3 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

€ 38,333,333

4.74700%

0.85%

Series 4 Class A 1

Holmes Financing No. 8

AAA/Aaa/AAA

£900,000,000

5.92938%

0.15%

Series 4 Class A 2

Holmes Financing No. 8

AAA/Aaa/AAA

$500,000,000

2.71313%

0.14%

Series 4 Class B

Holmes Financing No. 8

AA/Aa3/AA

£39,900,000

5.92938%

0.30%

Series 4 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

£68,000,000

5.92938%

0.90%

Series 2 Class A

Holmes Financing No. 9

AAA/Aaa/AAA

$2,175,000,000

2.71313%

0.06%

Series 3 Class A1

Holmes Financing No. 9

AAA/Aaa/AAA

€ 740,000,000

4.74700%

0.10%

Series 3 Class A2

Holmes Financing No. 9

AAA/Aaa/AAA

£400,000,000

5.92938%

0.09%

Series 4 Class A

Holmes Financing No. 9

AAA/Aaa/AAA

£600,000,000

5.92938%

0.09%

Series 2 Class A

Holmes Financing No. 10

AAA/Aaa/AAA

$720,000,000

2.71313%

0.03%

Series 2 Class B

Holmes Financing No. 10

AA/Aa3/AA

$55,000,000

2.71313%

0.09%

Series 2 Class C

Holmes Financing No. 10

BBB/Baa2/BBB

$55,000,000

2.71313%

0.35%

Series 3 Class A

Holmes Financing No. 10

AAA/Aaa/AAA

€ 1,000,000,000

4.74700%

0.07%

Series 3 Class B1

Holmes Financing No. 10

AA/Aa3/AA

€ 37,000,000

4.74700%

0.12%

Series 3 Class B2

Holmes Financing No. 10

AA/Aa3/AA

£27,500,000

5.92938%

0.12%

Series 3 Class M1

Holmes Financing No. 10

A/A2/A

€ 34,000,000

4.74700%

0.20%

Series 3 Class M2

Holmes Financing No. 10

A/A2/A

£20,000,000

5.92938%

0.20%

Series 3 Class C1

Holmes Financing No. 10

BBB/Baa2/BBB

€ 52,500,000

4.74700%

0.40%

Series 3 Class C2

Holmes Financing No. 10

BBB/Baa2/BBB

£22,000,000

5.92938%

0.40%

Series 4 Class A1

Holmes Financing No. 10

AAA/Aaa/AAA

$1,440,000,000

2.71313%

0.08%

Series 4 Class A2

Holmes Financing No. 10

AAA/Aaa/AAA

£750,000,000

5.92938%

0.09%

Series 2 Class A

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

$1,500,000,000

2.71313%

0.06%

Series 2 Class B

Holmes Master Issuer 2006-1

AA/Aa3/AA

$35,000,000

2.71313%

0.12%

Series 2 Class M

Holmes Master Issuer 2006-1

A/A2/A

$30,000,000

2.71313%

0.19%

Series 2 Class C

Holmes Master Issuer 2006-1

BBB/Baa2/BBB

$40,000,000

2.71313%

0.39%

Series 3 Class A1

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

$900,000,000

2.71313%

0.08%

Series 3 Class A2

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

€ 670,000,000

4.74700%

0.10%

Series 3 Class A3

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

£700,000,000

5.92938%

0.10%

Series 3 Class B2

Holmes Master Issuer 2006-1

AA/Aa3/AA

€ 37,500,000

4.74700%

0.15%

Series 3 Class B3

Holmes Master Issuer 2006-1

AA/Aa3/AA

£20,000,000

5.92938%

0.15%

Series 3 Class M2

Holmes Master Issuer 2006-1

A/A2/A

€ 35,500,000

4.74700%

0.22%

Series 3 Class M3

Holmes Master Issuer 2006-1

A/A2/A

£12,000,000

5.92938%

0.22%

Series 3 Class C2

Holmes Master Issuer 2006-1

BBB/Baa2/BBB

€ 61,500,000

4.74700%

0.42%

Series 3 Class C3

Holmes Master Issuer 2006-1

BBB/Baa2/BBB

£12,500,000

5.92938%

0.42%

Series 2 Class A

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

$1,500,000,000

2.71313%

0.05%

Series 2 Class B2

Holmes Master Issuer 2007-1

AA/Aa3/AA

€ 26,300,000

4.74700%

0.14%

Series 2 Class M2

Holmes Master Issuer 2007-1

A/A2/A

€ 10,600,000

4.74700%

0.22%

Series 2 Class M3

Holmes Master Issuer 2007-1

A/A2/A

£10,800,000

5.92938%

0.22%

Series 2 Class C1

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

$9,800,000

2.71313%

0.42%

Series 2 Class C2

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

€ 21,900,000

4.74700%

0.42%

Series 2 Class C3

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

£5,000,000

5.92938%

0.42%

Series 3 Class A1

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

$1,600,000,000

2.71313%

0.08%

 

 

Page 8 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Series 3 Class A2

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

€ 1,500,000,000

4.74700%

0.10%

Series 3 Class A3

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

£800,000,000

5.92938%

0.10%

Series 3 Class B2

Holmes Master Issuer 2007-1

AA/Aa3/AA

€ 46,700,000

4.74700%

0.14%

Series 3 Class B3

Holmes Master Issuer 2007-1

AA/Aa3/AA

£48,000,000

5.92938%

0.14%

Series 3 Class M2

Holmes Master Issuer 2007-1

A/A2/A

€ 28,000,000

4.74700%

0.22%

Series 3 Class M3

Holmes Master Issuer 2007-1

A/A2/A

£28,800,000

5.92938%

0.22%

Series 3 Class C2

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

€ 86,900,000

4.74700%

0.42%

Series 3 Class C3

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

£25,500,000

5.92938%

0.42%

Series 4 Class A

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

$1,000,000,000

2.71313%

0.10%

Series 1 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$612,500,000

2.71313%

0.03%

Series 1 Class A2

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$600,000,000

2.71313%

0.04%

Series 1 Class B

Holmes Master Issuer 2007-2

AA/Aa3/AA

$41,000,000

2.71313%

0.07%

Series 1 Class C

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

$64,200,000

2.71313%

0.23%

Series 2 Class A

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

CAD 600,000,000

3.16143%

0.08%

Series 2 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$2,750,000,000

2.71313%

0.05%

Series 2 Class B1

Holmes Master Issuer 2007-2

AA/Aa3/AA

$25,000,000

2.71313%

0.12%

Series 2 Class B2

Holmes Master Issuer 2007-2

AA/Aa3/AA

€ 95,000,000

4.74700%

0.13%

Series 2 Class B3

Holmes Master Issuer 2007-2

AA/Aa3/AA

£50,000,000

5.92938%

0.14%

Series 2 Class C1

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

$34,000,000

2.71313%

0.41%

Series 2 Class C2

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

€ 106,000,000

4.74700%

0.41%

Series 2 Class C3

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

£45,000,000

5.92938%

0.43%

Series 2 Class M1

Holmes Master Issuer 2007-2

A/A2/A

$10,000,000

2.71313%

0.22%

Series 2 Class M2

Holmes Master Issuer 2007-2

A/A2/A

€ 20,000,000

4.74700%

0.22%

Series 2 Class M3

Holmes Master Issuer 2007-2

A/A2/A

£38,000,000

5.92938%

0.24%

Series 3 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$1,250,000,000

2.71313%

0.08%

Series 3 Class A2

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

€ 1,300,000,000

4.74700%

0.09%

Series 3 Class A3

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

£450,000,000

5.92938%

0.09%

Series 4 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$750,000,000

2.71313%

0.10%

Series 1 Class A1

Holmes Master Issuer 2007-3

AAA/Aaa/AAA

€ 3,854,466,000

4.81500%

0.29%

Series 1 Class A2

Holmes Master Issuer 2007-3

AAA/Aaa/AAA

€ 3,114,720,000

4.81200%

0.31%

Series 1 Class A3

Holmes Master Issuer 2007-3

AAA/Aaa/AAA

€ 2,491,776,000

4.81300%

0.32%

Series 1 Class B

Holmes Master Issuer 2007-3

AA/Aa3/AA

£124,000,000

5.92938%

1.00%

Series 1 Class M

Holmes Master Issuer 2007-3

A/A2/A

£127,000,000

5.92938%

1.60%

Series 1 Class C

Holmes Master Issuer 2007-3

BBB/Baa2/BBB

£250,000,000

5.92938%

2.25%

Series 1 Class A1

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 2,257,200,000

4.74800%

0.44%

Series 1 Class A2

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 4,514,400,000

4.75000%

0.41%

Series 1 Class A3

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 1,003,200,000

4.74200%

0.47%

Series 1 Class A4

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 1,630,200,000

4.74700%

0.44%

Series 1 Class B

Holmes Master Issuer 2008-1

AA/Aa3/AA

£370,000,000

5.92160%

1.00%

Series 1 Class M

Holmes Master Issuer 2008-1

A/A2/A

£120,000,000

5.92160%

1.60%

Series 1 Class C

Holmes Master Issuer 2008-1

BBB/Baa2/BBB

£250,000,000

5.92160%

2.25%

 

 

 

 

 

 

 

 

Page 9 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

  

Retired Class A Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date Retired

Holmes 1

Holmes 8

Holmes 9

Holmes 10

Holmes 2006-1

Holmes 2007-1

Holmes 2007-2

Holmes 2007-3

Holmes 2008-1

02Q3

-

-

-

-

-

-

-

-

-

02Q4

-

-

-

-

-

-

-

-

-

03Q1

-

-

-

-

-

-

-

-

-

03Q2

-

-

-

-

-

-

-

-

-

03Q3

600

-

-

-

-

-

-

-

-

03Q4

-

-

-

-

-

-

-

-

-

04Q1

-

-

-

-

-

-

-

-

-

04Q2

-

-

-

-

-

-

-

-

-

04Q3

-

-

-

-

-

-

-

-

-

04Q4

-

-

-

-

-

-

-

-

-

05Q1

-

-

-

-

-

-

-

-

-

05Q2

-

1,001

-

-

-

-

-

-

-

05Q3

650

-

-

-

-

-

-

-

-

05Q4

-

-

-

-

-

-

-

-

-

06Q1

-

-

-

-

-

-

-

-

-

06Q2

-

-

-

-

-

-

-

-

-

06Q3

-

-

-

-

-

-

-

-

-

06Q4

-

-

1,018

-

-

-

-

-

-

07Q1

-

812

-

-

-

-

-

-

-

07Q2

-

-

-

-

-

-

-

-

-

07Q3

575

-

-

679

-

-

-

-

-

07Q4

-

-

-

-

-

-

-

-

-

08Q1

-

-

-

-

-

771

-

-

-

08Q2

-

221

-

388

-

600

715

-

-

 

 

 

 

 

 

 

 

 

 

 

 

Page 10 of 12

 


  

Holmes Master Issuer plc 2007-1

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

Outstanding Class A Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected Redemption

Holmes 1

Holmes 8

Holmes 9

Holmes 10

Holmes 2006-1

Holmes 2007-1

Holmes 2007-2

Holmes 2007-3

Holmes 2008-1

08Q2

-

-

-

-

-

-

-

-

-

08Q3

-

221

-

388

-

-

715

-

-

08Q4

-

221

1,272

-

-

-

-

-

-

09Q1

-

1,171

-

-

-

-

-

-

-

09Q2

-

-

-

342

-

-

-

-

-

09Q3

-

-

-

342

397

-

-

-

-

09Q4

-

-

-

-

397

-

-

-

-

10Q1

-

-

453

-

-

386

-

-

-

10Q2

-

-

453

-

-

386

1,664

-

-

10Q3

250

-

600

-

-

-

-

-

-

10Q4

-

-

-

1,526

1,632

-

-

-

-

11Q1

-

-

-

-

-

-

-

-

-

11Q2

-

-

-

-

-

2,649

654

-

-

11Q3

-

-

-

-

-

-

654

-

-

11Q4

-

-

-

-

-

-

654

-

-

12Q1

-

-

-

-

-

-

-

918

-

12Q2

-

-

-

-

-

-

-

918

-

12Q3

-

-

-

-

-

-

377

918

-

12Q4

-

-

-

-

-

515

-

-

-

13Q1

-

-

-

-

-

-

-

742

-

13Q2

-

-

-

-

-

-

-

742

-

13Q3

-

-

-

-

-

-

-

742

-

13Q4

-

-

-

-

-

-

-

-

-

14Q1

-

-

-

-

-

-

-

593

-

14Q2

-

-

-

-

-

-

-

593

-

14Q3

-

-

-

-

-

-

-

593

-

14Q4

-

-

-

-

-

-

-

-

7,500

15Q1

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

Page 11 of 12

 


  

Holmes Master Issuer plc 2007-1
 Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 09 May 2008 to 09 June 2008

All values are in thousands of pounds sterling unless otherwise stated

 

 

 


 

 

Page 12 of 12

 

 

 

 EX-99.2 3 holmes-10daex992_0630.htm

  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

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

463,338

43,902,203

 

 

Replenishment

15,240

2,037,798

 

 

Repurchased

(7,870)

(1,003,050)

 

 

Redemptions

(7,603)

(918,008)

 

 

Losses

(43)

(507)

 

 

Capitalised Interest

0

5,018

( * see below )

 

Other Movements

0

0

 

 

Carried Forward

463,062

44,023,454

 

 

 

 

 

 

 

 

 

 

 

 

* 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

1,678,693

150,223,476

 

 

Repurchased

(553,017)

(46,577,577)

 

 

Redemptions

(775,939)

(66,277,199)

 

 

Losses

(370)

(6,198)

 

 

Capitalised Interest

0

261,738

( * see above )

 

Other Movements

0

0

 

 

Carried Forward

463,062

44,023,454

 

 

 

 

 

 

 

 

 

Page 1 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Prepayment Rates

 

 

 

 

 

Trust Payment Rate (CPR) - Redemptions

Annualised Trust Payment Rate (CPR)

 

 

1 Month

2.09%

22.40%

 

 

3 Month

5.57%

20.50%

 

 

12 Month

25.78%

25.78%

 

 

 

 

 

 

 

 

Trust Payment Rate (CPR) - Repurchases

Annualised Trust Payment Rate (CPR)

 

 

1 Month

3.67%

28.55%

 

 

3 Month

7.29%

21.85%

 

 

12 Month

18.29%

18.29%

 

 

 

 

 

 

 

 

Trust Payment Rate (CPR) - Redemptions and Repurchases

Annualised Trust Payment Rate (CPR)

 

 

1 Month

5.76%

50.95%

 

 

3 Month

12.86%

42.35%

 

 

12 Month

44.06%

44.06%

 

 

 

 

 

 

 

Asset Profiles

 

 

 

 

Weighted Average Seasoning

36.56

months

 

 

Weighted Average Loan size

£95,070.32

 

 

 

Weighted Average LTV

65.75%

*** (see below)

 

 

Weighted Average Indexed LTV

59.05%

using Halifax House Price Index

 

Weighted Average Indexed LTV

58.73%

using Nationwide House Price Index

 

Weighted Average Remaining Term

17.73

Years

 

 

 

 

 

 

 

Product Type Analysis

£000's

%

 

 

Variable Rate

9,236,121

20.98%

 

 

Fixed Rate

19,660,875

44.66%

 

 

Tracker Rate

15,126,459

34.36%

 

 

 

44,023,454

100.00%

 

 

 

 

 

 

 

As at 09 June 2008 approximately 16.59% of the loans were flexible loans

 

 

 

 

 

 

 

 

 

Page 2 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Repayment Method Analysis

£000's

%

 

 

Endowment

3,970,916

9.02%

 

 

Interest Only

15,417,014

35.02%

 

 

Repayment

24,635,525

55.96%

 

 

 

44,023,454

100.00%

 

 

 

 

 

 

 

As at 09 June 2008 approximately 29.27% of the loans were written under Abbey's policy of non-income verification

 

 

 

 

 

Loan Purpose Analysis

£000's

%

 

 

Purchase

24,543,076

55.75%

 

 

Remortgage

19,480,378

44.25%

 

 

 

44,023,454

100.00%

 

 

 

 

 

 

 

Mortgage Standard Variable Rate

 

 

 

 

Effective Date

Rate

 

 

 

01 May 2008

7.09%

 

 

 

01 March 2008

7.34%

 

 

 

01 January 2008

7.59%

 

 

 

01 August 2007

7.84%

 

 

 

 

 

 

 

 

Geographic Analysis

 

 

 

 

Region

Number

£000's

%

 

East Anglia

17,651

1,519,087

3.45%

 

East Midlands

24,565

1,975,213

4.49%

 

Greater London

79,733

9,974,581

22.66%

 

North

18,365

1,242,755

2.82%

 

North West

53,327

4,056,084

9.21%

 

Scotland

28,046

1,892,398

4.30%

 

South East

124,914

13,878,439

31.53%

 

South West

38,014

3,579,355

8.13%

 

Wales

21,395

1,548,077

3.52%

 

West Midlands

28,185

2,256,237

5.13%

 

Yorkshire and Humberside

28,410

2,064,873

4.69%

 

Unknown

457

36,355

0.08%

 

Total

463,062

44,023,454

100.00%

 

 

 

 

 

 

 

 

Page 3 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Original LTV Bands

 

 

 

 

 

 

 

 

 

Range

Number

£000's

%

Average Seasoning

0.00 - 25.00

40,058

1,496,383

3.40%

35.68

25.01 - 50.00

124,430

8,407,189

19.10%

38.23

50.01 - 75.00

177,414

19,353,289

43.96%

35.49

75.01 - 80.00

21,417

2,717,099

6.17%

34.52

80.01 - 85.00

29,155

4,052,199

9.20%

31.87

85.01 - 90.00

43,348

5,865,695

13.32%

32.89

90.01 - 95.00

27,240

2,131,600

4.84%

61.87

Total

463,062

44,023,454

100.00%

36.56

 

 

 

 

 

*** 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

450,155

42,720,658

149

97.09%

1.00 - 1.99 months

7,258

734,096

5,863

1.67%

2.00 - 2.99 months

2,615

250,758

3,917

0.57%

3.00 - 3.99 months

1,127

106,460

2,366

0.24%

4.00 - 4.99 months

585

55,802

1,574

0.13%

5.00 - 5.99 months

341

33,690

1,193

0.08%

6.00 -11.99 months

687

68,978

3,485

0.16%

12 months and over

101

10,137

1,137

0.02%

Properties in Possession

193

21,499

1,692

0.05%

Total

463,062

44,002,078

21,376

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.

 

 

 

 

 

 

 

 

 

 

 

Page 4 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Movement in Shares of Trust

 

 

 

 

 

Funding

Seller

 

 

 

£000's

£000's

 

 

Balance Brought Forward

33,793,101

10,109,102

 

 

Replenishment of Assets

0

2,037,798

 

 

Acquisition by Funding

0

0

 

 

Distribution of Principal Receipts

(209,177)

(1,711,881)

 

 

Allocation of Losses

(391)

(116)

 

 

Share of Capitalised Interest

3,865

1,153

 

 

Payment Re Capitalised Interest

(3,865)

3,865

 

 

Balance Carried Forward

33,583,533

10,439,921

 

 

 

 

 

 

 

Carried Forward Percentage

76.28555%

23.71445%

 

 

 

 

 

 

 

Minimum Seller Share

2,768,270

6.29%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Accumulation Ledger

 

 

 

 

 

£000's

 

 

 

Brought Forward

1,248,252

 

 

 

Additional Amounts Accumulated

209,568

 

 

 

Payment of Notes

0

 

 

 

Carried Forward

1,457,820

 

 

 

 

 

 

 

 

Target Balance

1,456,913

payable on 15th July 2008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,456,913

 

 

 

 

 

 

 

 

 

 

Page 5 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Excess Spread *

 

 

 

 

Quarter to 15/04/08

0.3174%

 

 

 

Quarter to 15/01/08

0.5229%

 

 

 

Quarter to 15/10/07

0.5859%

 

 

 

Quarter to 16/07/07

0.5050%

 

 

 

 

 

 

 

 

*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 15/04/08

£563,000,000.00

£0.00

£10,000,000.00

 

Required Amount as at 15/04/08

£563,000,000.00

£0.00

£10,000,000.00

 

Percentage of Notes

1.61%

0.00%

0.03%

 

Percentage of Funding Share

1.68%

0.00%

0.03%

 

 

 

 

 

 

 

 

 

 

 

Notes Outstanding

 

 

 

 

 

£000's

Enhancement

 

 

AAA Notes Outstanding

32,576,888

8.64%

 

 

AA Notes Outstanding

952,146

5.92%

 

 

A Notes Outstanding

464,856

4.59%

 

 

BBB Notes Outstanding

1,046,954

1.61%

 

 

Total

35,040,844

 

 

 

 

 

 

 

 

Properties in Possession

 

 

 

 

 

 

 

 

 

Stock

 

 

 

 

 

Current Period

 

 

 

Number

£000's

 

 

Brought Forward

182

20,939

 

 

Repossessed in Period

48

11,236

 

 

Sold in Period

(37)

(8,984)

 

 

Carried Forward

193

23,191

 

 

 

 

 

 

 

 

Cumulative

 

 

 

Number

£000's

 

 

Repossessed to date

2,052

334,953

 

 

Sold to date

(1,859)

(311,762)

 

 

Carried Forward

193

23,191

 

 

 

 

 

 

 

 

 

Page 6 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Repossession Sales Information

 

 

 

 

Average time Possession to Sale

105

Days

 

 

Average arrears at time of Sale

£6,397

 

 

 

 

 

 

 

 

MIG Claim Status **

 

 

 

 

 

Number

£000's

 

 

MIG Claims made

199

1,396

 

 

 

 

 

 

 

**On the 14th October, 2005, Abbey exercised its right to cancel all relevant MIG policies and

 

therefore, none of the mortgage loans in the portfolio are currently covered by a MIG policy.

 

 

 

 

 

 

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 £30 billion

 

 

 

 

 

 

 

 

 

 

 

 

Contact Details

 

 

 

 

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

 

 

 

 

 

 

Telephone : +44 (1908) 343836

 

 

 

 

Facsimilie : +44 (1908) 343019

 

 

 

 

Email : Securitisation@Abbey.com

 

 

 

Or, visit our website at www.holmesreporting.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 7 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

  

Notes

Deal

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

Outstanding

Reference Rate

Margin

Series 4 Class A

Holmes Financing No. 1

AAA/Aaa/AAA

£250,000,000

 

6.62%

Series 4 Class B

Holmes Financing No. 1

AA/Aa3/AA

£11,000,000

5.92938%

0.62%

Series 4 Class C

Holmes Financing No. 1

BBB/Baa2/BBB

£14,000,000

5.92938%

1.75%

Series 3 Class A

Holmes Financing No. 8

AAA/Aaa/AAA

€ 660,000,000

4.74700%

0.15%

Series 3 Class B

Holmes Financing No. 8

AA/Aa3/AA

€ 22,666,667

4.74700%

0.27%

Series 3 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

€ 38,333,333

4.74700%

0.85%

Series 4 Class A 1

Holmes Financing No. 8

AAA/Aaa/AAA

£900,000,000

5.92938%

0.15%

Series 4 Class A 2

Holmes Financing No. 8

AAA/Aaa/AAA

$500,000,000

2.71313%

0.14%

Series 4 Class B

Holmes Financing No. 8

AA/Aa3/AA

£39,900,000

5.92938%

0.30%

Series 4 Class C

Holmes Financing No. 8

BBB/Baa2/BBB

£68,000,000

5.92938%

0.90%

Series 2 Class A

Holmes Financing No. 9

AAA/Aaa/AAA

$2,175,000,000

2.71313%

0.06%

Series 3 Class A1

Holmes Financing No. 9

AAA/Aaa/AAA

€ 740,000,000

4.74700%

0.10%

Series 3 Class A2

Holmes Financing No. 9

AAA/Aaa/AAA

£400,000,000

5.92938%

0.09%

Series 4 Class A

Holmes Financing No. 9

AAA/Aaa/AAA

£600,000,000

5.92938%

0.09%

Series 2 Class A

Holmes Financing No. 10

AAA/Aaa/AAA

$720,000,000

2.71313%

0.03%

Series 2 Class B

Holmes Financing No. 10

AA/Aa3/AA

$55,000,000

2.71313%

0.09%

Series 2 Class C

Holmes Financing No. 10

BBB/Baa2/BBB

$55,000,000

2.71313%

0.35%

Series 3 Class A

Holmes Financing No. 10

AAA/Aaa/AAA

€ 1,000,000,000

4.74700%

0.07%

Series 3 Class B1

Holmes Financing No. 10

AA/Aa3/AA

€ 37,000,000

4.74700%

0.12%

Series 3 Class B2

Holmes Financing No. 10

AA/Aa3/AA

£27,500,000

5.92938%

0.12%

Series 3 Class M1

Holmes Financing No. 10

A/A2/A

€ 34,000,000

4.74700%

0.20%

Series 3 Class M2

Holmes Financing No. 10

A/A2/A

£20,000,000

5.92938%

0.20%

Series 3 Class C1

Holmes Financing No. 10

BBB/Baa2/BBB

€ 52,500,000

4.74700%

0.40%

Series 3 Class C2

Holmes Financing No. 10

BBB/Baa2/BBB

£22,000,000

5.92938%

0.40%

Series 4 Class A1

Holmes Financing No. 10

AAA/Aaa/AAA

$1,440,000,000

2.71313%

0.08%

Series 4 Class A2

Holmes Financing No. 10

AAA/Aaa/AAA

£750,000,000

5.92938%

0.09%

Series 2 Class A

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

$1,500,000,000

2.71313%

0.06%

Series 2 Class B

Holmes Master Issuer 2006-1

AA/Aa3/AA

$35,000,000

2.71313%

0.12%

Series 2 Class M

Holmes Master Issuer 2006-1

A/A2/A

$30,000,000

2.71313%

0.19%

Series 2 Class C

Holmes Master Issuer 2006-1

BBB/Baa2/BBB

$40,000,000

2.71313%

0.39%

Series 3 Class A1

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

$900,000,000

2.71313%

0.08%

Series 3 Class A2

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

€ 670,000,000

4.74700%

0.10%

Series 3 Class A3

Holmes Master Issuer 2006-1

AAA/Aaa/AAA

£700,000,000

5.92938%

0.10%

Series 3 Class B2

Holmes Master Issuer 2006-1

AA/Aa3/AA

€ 37,500,000

4.74700%

0.15%

Series 3 Class B3

Holmes Master Issuer 2006-1

AA/Aa3/AA

£20,000,000

5.92938%

0.15%

Series 3 Class M2

Holmes Master Issuer 2006-1

A/A2/A

€ 35,500,000

4.74700%

0.22%

Series 3 Class M3

Holmes Master Issuer 2006-1

A/A2/A

£12,000,000

5.92938%

0.22%

Series 3 Class C2

Holmes Master Issuer 2006-1

BBB/Baa2/BBB

€ 61,500,000

4.74700%

0.42%

Series 3 Class C3

Holmes Master Issuer 2006-1

BBB/Baa2/BBB

£12,500,000

5.92938%

0.42%

Series 2 Class A

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

$1,500,000,000

2.71313%

0.05%

Series 2 Class B2

Holmes Master Issuer 2007-1

AA/Aa3/AA

€ 26,300,000

4.74700%

0.14%

Series 2 Class M2

Holmes Master Issuer 2007-1

A/A2/A

€ 10,600,000

4.74700%

0.22%

Series 2 Class M3

Holmes Master Issuer 2007-1

A/A2/A

£10,800,000

5.92938%

0.22%

Series 2 Class C1

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

$9,800,000

2.71313%

0.42%

Series 2 Class C2

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

€ 21,900,000

4.74700%

0.42%

Series 2 Class C3

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

£5,000,000

5.92938%

0.42%

Series 3 Class A1

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

$1,600,000,000

2.71313%

0.08%

 

 

Page 8 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

Series 3 Class A2

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

€ 1,500,000,000

4.74700%

0.10%

Series 3 Class A3

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

£800,000,000

5.92938%

0.10%

Series 3 Class B2

Holmes Master Issuer 2007-1

AA/Aa3/AA

€ 46,700,000

4.74700%

0.14%

Series 3 Class B3

Holmes Master Issuer 2007-1

AA/Aa3/AA

£48,000,000

5.92938%

0.14%

Series 3 Class M2

Holmes Master Issuer 2007-1

A/A2/A

€ 28,000,000

4.74700%

0.22%

Series 3 Class M3

Holmes Master Issuer 2007-1

A/A2/A

£28,800,000

5.92938%

0.22%

Series 3 Class C2

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

€ 86,900,000

4.74700%

0.42%

Series 3 Class C3

Holmes Master Issuer 2007-1

BBB/Baa2/BBB

£25,500,000

5.92938%

0.42%

Series 4 Class A

Holmes Master Issuer 2007-1

AAA/Aaa/AAA

$1,000,000,000

2.71313%

0.10%

Series 1 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$612,500,000

2.71313%

0.03%

Series 1 Class A2

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$600,000,000

2.71313%

0.04%

Series 1 Class B

Holmes Master Issuer 2007-2

AA/Aa3/AA

$41,000,000

2.71313%

0.07%

Series 1 Class C

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

$64,200,000

2.71313%

0.23%

Series 2 Class A

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

CAD 600,000,000

3.16143%

0.08%

Series 2 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$2,750,000,000

2.71313%

0.05%

Series 2 Class B1

Holmes Master Issuer 2007-2

AA/Aa3/AA

$25,000,000

2.71313%

0.12%

Series 2 Class B2

Holmes Master Issuer 2007-2

AA/Aa3/AA

€ 95,000,000

4.74700%

0.13%

Series 2 Class B3

Holmes Master Issuer 2007-2

AA/Aa3/AA

£50,000,000

5.92938%

0.14%

Series 2 Class C1

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

$34,000,000

2.71313%

0.41%

Series 2 Class C2

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

€ 106,000,000

4.74700%

0.41%

Series 2 Class C3

Holmes Master Issuer 2007-2

BBB/Baa2/BBB

£45,000,000

5.92938%

0.43%

Series 2 Class M1

Holmes Master Issuer 2007-2

A/A2/A

$10,000,000

2.71313%

0.22%

Series 2 Class M2

Holmes Master Issuer 2007-2

A/A2/A

€ 20,000,000

4.74700%

0.22%

Series 2 Class M3

Holmes Master Issuer 2007-2

A/A2/A

£38,000,000

5.92938%

0.24%

Series 3 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$1,250,000,000

2.71313%

0.08%

Series 3 Class A2

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

€ 1,300,000,000

4.74700%

0.09%

Series 3 Class A3

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

£450,000,000

5.92938%

0.09%

Series 4 Class A1

Holmes Master Issuer 2007-2

AAA/Aaa/AAA

$750,000,000

2.71313%

0.10%

Series 1 Class A1

Holmes Master Issuer 2007-3

AAA/Aaa/AAA

€ 3,854,466,000

4.81500%

0.29%

Series 1 Class A2

Holmes Master Issuer 2007-3

AAA/Aaa/AAA

€ 3,114,720,000

4.81200%

0.31%

Series 1 Class A3

Holmes Master Issuer 2007-3

AAA/Aaa/AAA

€ 2,491,776,000

4.81300%

0.32%

Series 1 Class B

Holmes Master Issuer 2007-3

AA/Aa3/AA

£124,000,000

5.92938%

1.00%

Series 1 Class M

Holmes Master Issuer 2007-3

A/A2/A

£127,000,000

5.92938%

1.60%

Series 1 Class C

Holmes Master Issuer 2007-3

BBB/Baa2/BBB

£250,000,000

5.92938%

2.25%

Series 1 Class A1

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 2,257,200,000

4.74800%

0.44%

Series 1 Class A2

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 4,514,400,000

4.75000%

0.41%

Series 1 Class A3

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 1,003,200,000

4.74200%

0.47%

Series 1 Class A4

Holmes Master Issuer 2008-1

AAA/Aaa/AAA

€ 1,630,200,000

4.74700%

0.44%

Series 1 Class B

Holmes Master Issuer 2008-1

AA/Aa3/AA

£370,000,000

5.92160%

1.00%

Series 1 Class M

Holmes Master Issuer 2008-1

A/A2/A

£120,000,000

5.92160%

1.60%

Series 1 Class C

Holmes Master Issuer 2008-1

BBB/Baa2/BBB

£250,000,000

5.92160%

2.25%

 

 

 

 

 

 

 

 

Page 9 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

  

Retired Class A Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date Retired

Holmes 1

Holmes 8

Holmes 9

Holmes 10

Holmes 2006-1

Holmes 2007-1

Holmes 2007-2

Holmes 2007-3

Holmes 2008-1

02Q3

-

-

-

-

-

-

-

-

-

02Q4

-

-

-

-

-

-

-

-

-

03Q1

-

-

-

-

-

-

-

-

-

03Q2

-

-

-

-

-

-

-

-

-

03Q3

600

-

-

-

-

-

-

-

-

03Q4

-

-

-

-

-

-

-

-

-

04Q1

-

-

-

-

-

-

-

-

-

04Q2

-

-

-

-

-

-

-

-

-

04Q3

-

-

-

-

-

-

-

-

-

04Q4

-

-

-

-

-

-

-

-

-

05Q1

-

-

-

-

-

-

-

-

-

05Q2

-

1,001

-

-

-

-

-

-

-

05Q3

650

-

-

-

-

-

-

-

-

05Q4

-

-

-

-

-

-

-

-

-

06Q1

-

-

-

-

-

-

-

-

-

06Q2

-

-

-

-

-

-

-

-

-

06Q3

-

-

-

-

-

-

-

-

-

06Q4

-

-

1,018

-

-

-

-

-

-

07Q1

-

812

-

-

-

-

-

-

-

07Q2

-

-

-

-

-

-

-

-

-

07Q3

575

-

-

679

-

-

-

-

-

07Q4

-

-

-

-

-

-

-

-

-

08Q1

-

-

-

-

-

771

-

-

-

08Q2

-

221

-

388

-

600

715

-

-

 

 

 

 

 

 

 

 

 

 

 

 

Page 10 of 12

 


  

Holmes Master Issuer plc 2007-2

Periodic Report re Holmes Trustees Limited and Holmes Funding Limited

For Period 09 May 2008 to 09 June 2008

 

 

 

 

 

All values are in thousands of pounds sterling unless otherwise stated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Class A Notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected Redemption

Holmes 1

Holmes 8

Holmes 9

Holmes 10

Holmes 2006-1

Holmes 2007-1

Holmes 2007-2

Holmes 2007-3

Holmes 2008-1

08Q2

-

-

-

-

-

-

-

-

-

08Q3

-

221

-

388

-

-

715

-

-

08Q4

-

221

1,272

-

-

-

-

-

-

09Q1

-

1,171

-

-

-

-

-

-

-

09Q2

-

-

-

342

-

-

-

-

-

09Q3

-

-

-

342

397

-

-

-

-

09Q4

-

-

-

-

397

-

-

-

-

10Q1

-

-

453

-

-

386

-

-

-

10Q2

-

-

453

-

-

386

1,664

-

-

10Q3

250

-

600

-

-

-

-

-

-

10Q4

-

-

-

1,526

1,632

-

-

-

-

11Q1

-

-

-

-

-

-

-

-

-

11Q2

-

-

-

-

-

2,649

654

-

-

11Q3

-

-

-

-

-

-

654

-

-

11Q4

-

-

-

-

-

-

654

-

-

12Q1

-

-

-

-

-

-

-

918

-

12Q2

-

-

-

-

-

-

-

918

-

12Q3

-

-

-

-

-

-

377

918

-

12Q4

-

-

-

-

-

515

-

-

-

13Q1

-

-

-

-

-

-

-

742

-

13Q2

-

-

-

-

-

-

-

742

-

13Q3

-

-

-

-

-

-

-

742

-

13Q4

-

-

-

-

-

-

-

-

-

14Q1

-

-

-

-

-

-

-

593

-

14Q2

-

-

-

-

-

-

-

593

-

14Q3

-

-

-

-

-

-

-

593

-

14Q4

-

-

-

-

-

-

-

-

7,500

15Q1

-

-

-

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

Page 11 of 12

 


  

Holmes Master Issuer plc 2007-2
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 09 May 2008 to 09 June 2008

All values are in thousands of pounds sterling unless otherwise stated

 

 

 


 

 

Page 12 of 12

 

 

 

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