Periodic Financial Report
January 07 2002 - 11:00AM
UK Regulatory
RNS Number:5873P
Holmes Financing (No.3) PLC
7 January 2002
THE FOLLOWING FINANCIAL INFORMATION IS TO BE FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION IN WASHINGTON DC TODAY AND IS RELEASED FOR INFORMATION TO
THE LONDON STOCK EXCHANGE.
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 9th November 2001 to 10th December 2001
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 284,890 17,853,158
Replenishment 11,365 811,854
Repurchased (5,479) (356,146)
Redemptions (5,042) (421,553)
Other Movements 0 0
Carried Forward 285,734 17,887,313
Cumulative
Number #000's
Brought Forward 115,191 6,399,214
Replenishment 242,715 16,268,979
Repurchased (31,419) (2,036,077)
Redemptions (40,753) (2,744,803)
Other Movements 0 0
Carried Forward 285,734 17,887,313
Annualised 1 Month CPR 65.05% **( including
Annualised 3 Month CPR 41.14% redemptions and
Annualised 12 Month CPR 23.26% 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 35.94 Months
Weighted Average Loan size #62,601.28
Weighted Average LTV 79.12% *** (see below)
Weighted Average Remaining Term 19.40 Years
Product Type Analysis #000's %
Variable Rate 11,923,683 66.66%
Fixed Rate 5,963,630 33.34%
Tracker Rate 0 0.00%
Flexible Mortgages 0 0.00%
17,887,313 100.00%
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 9th November 2001 to 10th December 2001
Mortgage Standard Variable Rate
Effective Date Rate
01 September 2001 6.75%
01 November 2001 6.50%
03 December 2001 6.10%
Geographic Analysis
Region Number #000's %
East Anglia 11,132 612,380 3.42%
East Midlands 15,229 797,762 4.46%
Greater London 55,083 4,283,450 23.95%
North West 13,100 604,187 3.38%
North 33,718 1,667,335 9.32%
South East 81,369 5,941,809 33.22%
South West 22,640 1,338,229 7.48%
Wales 14,252 664,447 3.71%
West Midlands 18,908 1,025,513 5.73%
Yorkshire and Humberside 20,188 943,847 5.28%
Unknown 115 8,354 0.05%
Total 285,734 17,887,313 100.00%
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 3,746 148,767 0.83%
25.01 - 50.00 26,988 1,368,003 7.65%
50.01 - 75.00 69,558 4,614,768 25.80%
75.01 - 80.00 14,888 1,033,204 5.78%
80.01 - 85.00 18,967 1,352,282 7.56%
85.01 - 90.00 42,361 3,109,847 17.39%
90.01 - 95.00 109,226 6,260,442 35.00%
Total 285,734 17,887,313 100.00%
*** 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.
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 9th November 2001 to 10th December 2001
Arrears
Band Number Principal Overdue %
Current 280,331 17,605,844 (926) 98.44%
1.00 - 1.99 months 3,789 194,700 1,573 1.09%
2.00 - 2.99 months 716 39,580 569 0.22%
3.00 - 3.99 months 331 16,749 353 0.09%
4.00 - 4.99 months 194 9,621 261 0.05%
5.00 - 5.99 months 118 6,409 212 0.04%
6.00 -11.99 months 205 9,328 436 0.05%
12 months and over 21 1,028 123 0.01%
Properties in Possession 29 1,370 83 0.01%
Total 285,734 17,884,629 2,684 100.00%
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 (10th December 2001)
#000's %
Funding Share 11,973,516 66.93859%
Seller Share 5,913,797 33.06141%
17,887,313 100.00000%
Minimum Seller Share 715,305 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%
Holmes Financing No 3 plc
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited
For Period 9th November 2001 to 10th December 2001
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 23 1,085
Repossessed in Period 12 628
Sold in Period (6) (260)
Carried Forward 29 1,453
Cumulative
Number #000's
Repossessed to date 70 3,246
Sold to date (41) (1,793)
Carried Forward 29 1,453
Repossession Sales Information
Average time Possession to Sale 80 Days
Average arrears at time of Sale #4,766.00
MIG Claim Status
Number #000's
MIG Claims made 30 229
MIG Claims outstanding 8 61
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
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