Investor Reporting

Paragon Mortgages (No.14) PLC - March 2007

Issuer Paragon Mortgages (No.14) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date 22 March 2007
Originators Paragon Mortgages Limited, 51 Homer Road Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued Class A1 Class A2a Class A2b Class A2c Class B1a Class B1b Class C1a Class C1b
Original Rating (S&P/Moody’s/Fitch) A-1+/P-1/F1+ AAA/Aaa/AAA AAA/Aaa/AAA AAA/Aaa/AAA AA/Aa2/AA+ AA/Aa2/AA+ A/A2/A A/A2/A
Current Rating (S&P/Moody’s/Fitch) AAA/Aa3/AAA AAA/Aa3/AAA AAA/Aa3/AAA AAA/Aa3/AAA AA+/Aa3/AAA AA+/Aa3/AAA A/A1/A- A/A1/A-
Original Notes $1,500,000,000 £125,000,000 €246,000,000 $400,000,000 £51,900,000 €88,800,000 £20,000,000 €135,500,000
GBP Equivalent £775,193,798 £125,000,000 £168,147,642 £206,718,346 £51,900,000 £60,697,198 £20,000,000 £92,617,908
Currency Exchange Rates £1 : $1.94 N/A £1 : €1.46 £1 : $1.94 N/A £1 : €1.46 N/A £1 : €1.46
Note Denominations $100,000 £50,000 €50,000 $100,000 £50,000 €50,000 £50,000 €50,000
Initial Margins 0bp 10bp 10bp 10bp 18bp 18bp 38bp 38bp
Current Margins 10bp N/A N/A N/A N/A N/A N/A N/A
Step Up Dates March 2012 March 2012 March 2012 March 2012 March 2012 March 2012 March 2012 March 2012
Step Up Margins TBA 20bp 20bp 20bp 36bp 36bp 76bp 76bp
Optional Redemption Dates March 2011 March 2011 March 2011 March 2011 March 2011 March 2011 March 2011 March 2011
Principal Determination Dates Last business day of August, November, February and May
Quarterly Interest Payment Dates 15 September, 15 December, 15 March and 15 June
A1 Monthly Interest Payment Date 15thof each month, commencing 16 April 2007
Class A1 Mandatory Transfer Date The Interest Payment Date falling on 17 December 2007 and annually thereafter
Joint Lead Managers Deutsche Bank AG, London, Winchester House, 1 Great Winchester Street, London, EC2N 2DB
HSBC Bank plc, 8 Canada Square, London, E14 5HQ
The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR
Administrators Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee Citicorp Trustee Company Limited, Citigroup Centre, 6thFloor, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA
Standard & Poor’s, 20 Canada Square, Canary Wharf, London, E14 5LH
Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Principal Paying / Reference Agent/ Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
U.S.Paying Agent Citibank, N.A. 388 Greenwich Street, 14thFloor, New York, N.Y. 10043, U.S.A.
Tender Agent Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
Class A1 Remarketing Agent The Royal Bank of Scotland plc, 135 Bishopsgate, London, EC2M 3UR
Class A1 Conditional Note Purchaser The Royal Bank of Scotland plc, 135 Bishopsgate, London, EC2M 3UR
Legal Advisors to the Issuer/Administrators Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ
Legal Advisors to the Lead Manager and Trustee Simmons & Simmons, CityPoint, One Ropemaker Street, London, EC2Y 9SS
Auditors to the Issuer KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying Assets Investment Home Loans
Subordinated Loan Providers Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Services PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute Administrator Homeloan Management Limited, The Pavilions, Bridgwateer Road, Bristol, BS13 8AE
Basis Hedge Providers: JP Morgan Chase Bank, 12thFloor, 125 London Wall, London, EC2Y 5AJ
ABN AMRO Bank, N.V., London Branch, 250 Bishopsgate, London, EC2M 4AA
Currency SWAP Provider Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Flexible Drawing Facility Provider Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 17th March 2014)