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 5) 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 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Mortgage Asset Analysis |
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Analysis of Mortgage Trust Movements |
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| Current Period |
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| Number | £000's |
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Brought Forward | 397,530 | 29,891,413 |
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Replenishment | 16,980 | 1,532,137 |
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Repurchased | (7,797) | (739,715) |
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Redemptions | (10,764) | (890,225) |
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Losses | (24) | (1) |
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Capitalised Interest | 0 | 3,970 | ( * see below ) |
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Other Movements | 0 | 0 |
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Carried Forward | 395,925 | 29,797,579 |
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* Capitalised interest refers to interest due met from amounts standing to |
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the credit of overpayment facilities on flexible loans |
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| Cumulative |
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| Number | £000's |
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Brought Forward | 115,191 | 6,399,214 |
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Replenishment | 1,032,927 | 79,817,348 |
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Repurchased | (317,013) | (23,146,604) |
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Redemptions | (434,477) | (33,384,210) |
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Losses | (703) | (1,078) |
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Capitalised Interest | 0 | 112,909 | ( * see above ) |
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Other Movements | 0 | 0 |
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Carried Forward | 395,925 | 29,797,579 |
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| Trust Payment Rate (CPR) | Annualised Trust Payment Rate (CPR) | **** |
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1 Month | 5.45% | 48.98% | ( including |
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3 Month | 14.66% | 46.95% | redemptions and |
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12 Month | 43.75% | 43.75% | repurchases ) |
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**** |
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To reflect methods more commonly used in the industry the formula to calculate |
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the annualised CPR from the monthly CPR has been changed from (1+R)12 - 1 to |
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1- (1 - R )12 where R is the current monthly CPR. The use of the revised formula |
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for prior calculation periods would have had no effect on the calculation of |
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anticipated accumulation periods or the calculation of the second reserve fund |
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required amount for the purposes of the mortgages trust deed. The result of the |
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revised formula in the calculation of the annualised CPR for all prior periods |
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is appended to this report. |
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Page 1 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Asset Profiles |
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Weighted Average Seasoning | 34.76 | months |
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Weighted Average Loan size | £75,260.67 |
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Weighted Average LTV | 68.27% | *** (see below) |
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Weighted Average Indexed LTV | 54.34% | using Halifax House Price Index |
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Weighted Average Indexed LTV | 53.38% | using Nationwide House Price Index |
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Weighted Average Remaining Term | 18.15 | Years |
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Product Type Analysis | £000's | % |
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Variable Rate | 9,368,359 | 31.44% |
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Fixed Rate | 5,414,220 | 18.17% |
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Tracker Rate | 15,015,000 | 50.39% |
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| 29,797,579 | 100.00% |
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As at 08 August 2005 approximately 10.14% of the loans were flexible loans |
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Repayment Method Analysis | £000's | % |
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Endowment | 5,342,706 | 17.93% |
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Interest Only | 5,342,706 | 17.93% |
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Repayment | 19,112,167 | 64.14% |
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| 29,797,579 | 100.00% |
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As at 08 August 2005 approximately 16.31% of the loans were written under Abbey's policy of non-income verification | ||||
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Loan Purpose Analysis | £000's | % |
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Purchase | 21,326,127 | 71.57% |
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Remortgage | 8,471,452 | 28.43% |
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| 29,797,579 | 100.00% |
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Mortgage Standard Variable Rate |
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Effective Date | Rate |
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01 September 2004 | 6.75% |
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01 July 2004 | 6.50% |
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01 June 2004 | 6.25% |
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01 March 2004 | 6.00% |
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Page 2 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Geographic Analysis |
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Region | Number | £000's | % |
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East Anglia | 16,538 | 1,159,886 | 3.86% |
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East Midlands | 21,746 | 1,430,811 | 4.77% |
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Greater London | 66,737 | 6,456,087 | 21.51% |
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North | 17,171 | 945,788 | 3.20% |
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North West | 44,733 | 2,713,051 | 9.07% |
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Scotland | 26,149 | 1,490,185 | 5.00% |
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South East | 101,493 | 9,034,769 | 30.44% |
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South West | 31,237 | 2,346,056 | 7.90% |
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Wales | 18,660 | 1,064,275 | 3.63% |
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West Midlands | 26,535 | 1,717,969 | 5.79% |
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Yorkshire and Humberside | 24,509 | 1,414,707 | 4.74% |
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Unknown | 417 | 23,995 | 0.08% |
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Total | 395,925 | 29,797,579 | 100.00% |
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Original LTV Bands |
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Range | Number | £000's | % |
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0.00 - 25.00 | 18,793 | 792,962 | 2.66% |
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25.01 - 50.00 | 84,379 | 5,190,932 | 17.42% |
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50.01 - 75.00 | 149,577 | 12,369,299 | 41.51% |
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75.01 - 80.00 | 19,761 | 1,696,188 | 5.69% |
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80.01 - 85.00 | 24,213 | 2,177,993 | 7.31% |
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85.01 - 90.00 | 43,025 | 3,929,200 | 13.19% |
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90.01 - 95.00 | 56,177 | 3,641,005 | 12.22% |
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Total | 395,925 | 29,797,579 | 100.00% |
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*** The balance is the current outstanding balance on the account |
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including accrued interest. The LTV is that at origination and |
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excludes any capitalised high loan to value fees, valuation fees |
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or booking fees. |
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Page 3 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Arrears |
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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% |
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Definition of Arrears |
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This arrears multiplier is calculated as the arrears amount ( which is |
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the difference between the expected monthly repayments and the |
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amount that has actually been paid, i.e. a total of under and/or |
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over payments ) divided by the monthly amount repayable. It is |
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recalculated every time the arrears amount changes, i.e. on the |
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date when a payment is due. |
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Movement in Shares of Trust |
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| Funding | Seller |
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| £000's | £000's |
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Balance Brought Forward | 12,021,682 | 17,869,731 |
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Replenishment of Assets | 0 | 1,532,137 |
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Acquisition by Funding | 0 | 0 |
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Distribution of Principal Receipts | (177,960) | (1,451,980) |
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Allocation of Losses | 0 | (1) |
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Share of Capitalised Interest | 1,597 | 2,373 |
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Payment Re Capitalised Interest | (1,597) | 1,597 |
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Balance Carried Forward | 11,843,722 | 17,953,857 |
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Carried Forward Percentage | 39.74726% | 60.25274% |
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Minimum Seller Share | 1,385,716 | 4.65% |
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Page 4 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Cash Accumulation Ledger |
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Brought Forward | 722,417 |
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Additional Amounts Accumulated | 177,960 |
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Payment of Notes | (722,417) |
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Carried Forward | 177,960 |
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Target Balance | 177,960 | payable on 17th October 2005 |
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| 177,960 |
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Liquidity Facilities | Drawn £000's | Undrawn £000's |
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Holmes Funding | £0 | £25,000 |
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Holmes Financing 1 | £0 | £25,000 |
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Holmes Financing 2 | £0 | £25,000 |
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Holmes Financing 3 | £0 | £25,000 |
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Holmes Financing 4 | £0 | £25,000 |
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Holmes Financing 5 | £0 | £25,000 |
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Holmes Financing 6 | £0 | £25,000 |
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Excess Spread * |
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Quarter to 15/07/05 | 0.2536% |
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Quarter to 15/04/05 | 0.2725% |
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Quarter to 15/01/05 | 0.3015% |
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Quarter to 15/10/04 | 0.5449% |
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*Excess spread is calculated by reference to deferred consideration |
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(determined according to relevant accounting policies) for the period, |
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adjusted for non-cash related items and items relating to amounts |
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falling due after transfers to the first and second reserve funds in the |
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Funding Revenue Priority of Payments, expressed as a percentage of |
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the average note balance over that period. |
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Reserve Funds | First Reserve | Second Reserve | Funding Reserve |
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Balance as at 15/07/2005 | £338,000,000.00 | £0.00 | £70,000,000.00 |
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Required Amount as at 15/07/2005 | £338,000,000.00 | £0.00 | £70,000,000.00 |
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Percentage of Notes | 2.81% | 0.00% | 0.58% |
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Page 5 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Properties in Possession |
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Stock |
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| Current Period |
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| Number | £000's |
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Brought Forward | 147 | 8,579 |
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Repossessed in Period | 29 | 4,466 |
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Sold in Period | (17) | (2,505) |
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Carried Forward | 159 | 10,540 |
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| Cumulative |
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| Number | £000's |
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Repossessed to date | 868 | 74,812 |
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Sold to date | (709) | (64,272) |
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Carried Forward | 159 | 10,540 |
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Repossession Sales Information |
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Average time Possession to Sale | 90 | Days |
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Average arrears at time of Sale | £4,014 |
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MIG Claim Status |
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| Number | £000's |
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MIG Claims made | 199 | 1,396 |
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MIG Claims outstanding | 1 | 3 |
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Average time claim to payment | 36 |
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Trigger Events |
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There has been no debit to the AAA Principal Deficiency Ledger |
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The Seller has not suffered an Insolvency Event |
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The Seller is still the Servicer |
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The Outstanding Principal balance is in excess of £25 billion |
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Proposed Changes |
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Abbey has requested Fitch Ratings to confirm the impact on the rating of the issued securities |
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if the minimum required short term rating of Abbey as sterling account bank / GIC provider is |
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changed to F1 from F1+. Once Fitch has completed its review of the appropriate documentation |
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amendments, it expects to confirm that this change will have no effect on the rating of any of the |
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securities issued by any of the Issuers. In addition, it has indicated that in the event that Abbey |
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is downgraded below F1 then Abbey's obligations will either need to be guaranteed by a third |
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party rated at least F1 or transferred to a counterparty rated at least F1, within 30 days of the |
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downgrade, to prevent a downgrade by Fitch of any of the issued securities |
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Page 6 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Contact Details |
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If you have any queries regarding this report please contact the Securitisation Team via |
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Telephone : +44 (1908) 343232 / 344602 / 343836 |
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Facsimilie : +44 (1908) 343019 |
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Email : Securitisation@Abbey.com |
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Page 7 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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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 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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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% |
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Retired Class A Notes |
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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 |
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Page 9 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Outstanding Class A Notes |
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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 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Page 11 of 13
Holmes Financing No 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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Appendix of Restated Trust Payment Rates (CPR) | |||||||
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| 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% |
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| 39.69% |
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October 2000 | 28.55% |
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| 14.03% |
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November 2000 | 27.97% | 30.02% |
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| 22.26% | 26.13% |
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December 2000 | 27.90% | 23.57% |
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| 22.22% | 19.59% |
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January 2001 | 18.19% | 17.92% |
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| 15.59% | 20.08% |
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February 2001 | 37.13% | 22.67% |
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| 27.70% | 21.99% |
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March 2001 | 32.28% | 21.57% |
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| 24.91% | 22.90% |
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April 2001 | 38.72% | 25.99% |
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| 28.57% | 27.08% |
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May 2001 | 31.76% | 33.66% |
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| 23.58% | 25.71% |
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June 2001 | 58.57% | 29.58% |
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| 59.44% | 39.50% |
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July 2001 | 47.78% | 37.64% |
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| 34.88% | 41.34% |
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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 5 plc | ||||
Periodic Report re Holmes Trustees Limited and Holmes Funding Limited | ||||
For Period 09 July 2005 to 08 August 2005 | ||||
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All values are in thousands of pounds sterling unless otherwise stated |
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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 5) PLC | |||
Dated: 8th September 2005 | By / s / Karen Carson |
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| (Authorised Signatory) | |