NEWGATE FUNDING PLC - Irish Stock Exchange

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Level: 8 – From: 8 – Wednesday, December 19, 2007 – 9:31 pm – mac8 – 3894 Intro : 3894 Intro TABLE OF CONTENTS Additional Information ................................................................................................................ 5 Risk Factors .................................................................................................................................. 15 Documents Incorporated by Reference ........................................................................................ 17 Description of the Notes .............................................................................................................. 18 Series Credit Structure .................................................................................................................. 20 Series Priorities of Payments ........................................................................................................ 33 Transaction Documents ................................................................................................................ 50 Use of Proceeds ............................................................................................................................ 55 Series Fees and Expenses ............................................................................................................ 56 The Remarketing Agent and the Conditional Note Purchaser .................................................... 57 The Series Currency Swap Provider ............................................................................................ 58 Characteristics of the Series Initial Mortgage Pool...................................................................... 59 Weighted Average Lives, Principal Payment Dates and Expected Maturity Dates of the Notes and Breakeven CDR-Cumulative Loss .................................................................................... 74 General Information...................................................................................................................... 78 Annex 1 Static Pool Data.............................................................................................................. 80 Annex 2 Note Terms .................................................................................................................... 115 Annex 3 Investor Presentation ...................................................................................................... 124 Index of Defined Terms ................................................................................................................ 164 4
Level: 8 – From: 8 – Wednesday, December 19, 2007 – 9:36 pm – mac8 – 3894 Section 01 : 3894 Section 01 United Kingdom Taxation ADDITIONAL INFORMATION In addition to the disclosure under “United Kingdom Taxation” in the Offering Circular, from the date hereof to the extent that there is any inconsistency between (a) any statement in this Supplement and (b) any other statement in or incorporated by reference in the Offering Circular, the statements in this Supplement will prevail. In particular the following sections: (a) on page 238 of the Offering Circular, references to: “the lower rate” for this Series 2007-3 now reads as: “the savings rate” (b) on page 238 of the Offering Circular, the following paragraph for this Series 2007-3 is inserted after the second paragraph: “The United Kingdom Finance Bill 2007 contains a proposed new statutory meaning of references to securities which are “listed” on a recognised stock exchange. The draft legislation provides that securities will be treated as listed on a recognised stock exchange if (and only if) they are admitted to trading on that exchange and either they are included in the United Kingdom official list (within the meaning of Part 6 of the Financial Services and Markets Act 2000) or they are officially listed, in accordance with provisions corresponding to those generally applicable in European Economic Area states, in a country outside the United Kingdom in which there is a recognised stock exchange. It is understood that this new definition is not intended to alter the position described above in respect of securities that are listed and admitted to trading on a market of a stock exchange which was already designated as a recognised stock exchange before 21 March 2007.” (c) on page 239 of the Offering Circular, the following paragraph for this Series 2007-3 is inserted at the end of paragraph E: “The above paragraphs of this paragraph E do not apply in the case of Notes which are deeply discounted securities. A disposal, including a redemption, of such Notes by an individual Noteholder may give rise to a charge to income tax on any profit made by the Noteholder.” Mortgages Plc In addition to the disclosure under “Mortgages Plc” in the Offering Circular, from the date hereof to the extent that there is any inconsistency between (a) any statement in this Supplement and (b) any other statement in or incorporated by reference in the Offering Circular, the statements in this Supplement will prevail. In particular the following sections: (a) on page 150 of the Offering Circular, in the third paragraph: “Since its inception in 1997, the Subsidiary has originated over £3 billion in loans, £1 billion of which were originated in 2005 alone. As of September 2004, the Subsidiary maintains an in-house mortgage administration system and services the loans it originates. The Subsidiary services the loans upon 5
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Disclaimer This investor presentati
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Newgate Funding Series 2007-3 Sixth
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Mortgages plc Origination & Underwr
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Mortgages plc Servicing Affordabili
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