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 ~~December~~January ~~2006~~2007

HOLMES FINANCING (No 2) 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 2 plc Periodic Report re Holmes Trustees Limited and Holmes Funding Limited For Period 09 ~~November~~December 2006 to 08 ~~December~~January ~~2006~~2007 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	~~380~~379,~~390~~723	2930,~~979~~057,~~884~~088
Replenishment	1410,~~960~~740	1,~~538~~174,~~685~~539
Repurchased	(54,~~369~~669)	(~~488~~434,~~925~~435)
Redemptions	(109,~~218~~041)	(~~977~~802,~~427~~695)
Losses	(4038)	(69163)
Capitalised Interest	0	43,~~940~~947	( * see below )
Other Movements	0	0
Carried Forward	~~379~~376,~~723~~715	3029,~~057~~998,~~088~~281
* 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,~~283~~294,~~265~~005	~~104~~105,~~092~~267,~~824~~363
Repurchased	(~~413~~418,~~365~~034)	(3132,~~809~~244,~~807~~242)
Redemptions	(~~604~~613,~~134~~175)	(4849,~~801~~604,~~682~~377)
Losses	(1,~~234~~272)	(23,~~955~~118)
Capitalised Interest	0	~~179~~183,~~494~~441	( * see above )
Other Movements	0	0
Carried Forward	~~379~~376,~~723~~715	3029,~~057~~998,~~088~~281
	Trust Payment Rate (CPR)	Annualised Trust Payment Rate (CPR)
1 Month	4.8912%	4539.2261%	( including
3 Month	13.3413%	43.5905%	redemptions and
12 Month	44.7833%	44.7833%	repurchases )

Page 1 of 10

Asset Profiles
Weighted Average Seasoning	39.7286	months
Weighted Average Loan size	£79,~~155~~631.3024
Weighted Average LTV	65.1812%	*** (see below)
Weighted Average Indexed LTV	5657.9625%	using Halifax House Price Index
Weighted Average Indexed LTV	56.3364%	using Nationwide House Price Index
Weighted Average Remaining Term	17.5957	Years
Product Type Analysis	£000's	%
Variable Rate	10,~~336~~247,~~633~~413	34.3916%
Fixed Rate	7,~~944~~802,~~088~~553	26.4301%
Tracker Rate	11,~~776~~948,~~367~~315	39.1883%
	30,057,088	100.00%
	29,998,281	100.00%
As at 08 December 2006 approximately 14.43% of the loans were flexible loans
As at 08 January 2007 approximately 14.75% of the loans were flexible loans
Repayment Method Analysis	£000's	%
Endowment	4,~~454~~298,~~460~~754	14.8233%
Interest Only	6,~~597~~812,~~531~~610	2122.9571%
Repayment	1918,~~005~~886,~~097~~918	6362.2396%
	30,057,088	100.00%
	29,998,281	100.00%
Loan Purpose Analysis	£000's	%
As at 08 January 2007 approximately 18.85% of the loans were written under Abbey's policy of non-income verification
Purchase	20,066,112	66.76%
Loan Purpose Analysis	£000's	%
Remortgage	9,990,976	33.24%
Purchase	19,705,871	65.69%
	30,057,088	100.00%
Remortgage	10,292,410	34.31%
Mortgage Standard Variable Rate
	29,998,281	100.00%
Effective Date	Rate
Mortgage Standard Variable Rate
01 December 2006	7.09%
Effective Date	Rate
01 September 2006	6.75%
01 December 2006	7.09%
01 September 2005	6.50%
01 September 2006	6.75%
01 September 2004	6.75%
01 September 2005	6.50%
01 September 2004	6.75%

Page 2 of 10

Geographic Analysis
Region	Number	£000's	%
East Anglia	14,~~934~~741	1,~~096~~089,~~888~~252	3.6563%
East Midlands	20,~~261~~075	1,~~406~~400,~~643~~306	4.6867%
Greater London	66,~~638~~061	6,~~659~~645,~~060~~254	22.15%
North	15,~~736~~619	~~928~~925,~~853~~743	3.09%
North West	42,~~571~~352	2,~~713~~715,~~160~~827	9.0305%
Scotland	24,~~316~~105	1,~~429~~422,~~172~~832	4.7574%
South East	9998,~~996~~979	9,~~281~~256,~~146~~092	30.8886%
South West	29,~~501~~314	2,~~325~~327,~~706~~446	7.7476%
Wales	17,~~257~~094	1,~~066~~059,~~347~~224	3.5553%
West Midlands	24,~~690~~437	1,~~672~~667,~~552~~181	5.56%
Yorkshire and Humberside	23,~~389~~227	1,~~447~~440,~~980~~597	4.8280%
Unknown	~~434~~711	2948,~~581~~527	0.1016%
Total	~~379~~376,~~723~~715	3029,~~057~~998,~~088~~281	100.00%
Original LTV Bands
Range	Number	£000's	%	Average Seasoning
0.00 - 25.00	24,~~083~~429	1,~~012~~014,~~121~~731	3.3738%	3233.9023
25.01 - 50.00	9897,~~345~~827	6,~~197~~168,~~002~~085	20.6256%	35.0744
50.01 - 75.00	149,~~983~~338	13,~~334~~421,~~029~~338	44.3674%	35.8390
75.01 - 80.00	16,~~624~~285	1,~~552~~532,~~122~~757	5.1611%	4243.6700
80.01 - 85.00	20,~~477~~135	2,~~050~~038,~~888~~147	6.8279%	41.3547
85.01 - 90.00	3433,~~200~~671	3,~~455~~428,~~220~~155	11.5043%	41.1726
90.01 - 95.00	3635,~~011~~030	2,~~455~~395,~~706~~068	87.1798%	6162.7428
Total	~~379~~376,~~723~~715	3029,~~057~~998,~~088~~281	100.00%	39.0318
*** 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.

Page 3 of 10

Arrears
Band	Number	Principal	Overdue	%
Current	~~369~~365,~~729~~493	29,~~249~~090,~~317~~591	(2,~~163~~411)	97.3502%
1.00 - 1.99 months	56,~~525~~479	~~434~~514,~~280~~449	34,~~827~~641	1.4572%
2.00 - 2.99 months	12,~~889~~030	~~150~~161,~~374~~949	2,~~463~~714	0.5054%
3.00 - 3.99 months	~~952~~1,006	77,~~261~~723	1,~~778~~871	0.26%
4.00 - 4.99 months	~~433~~517	3543,~~703~~096	1,~~043~~297	0.1214%
5.00 - 5.99 months	~~303~~279	2523,~~166~~432	~~927~~856	0.08%
6.00 -11.99 months	~~580~~606	4850,~~970~~444	2,~~543~~696	0.1617%
12 months and over	6967	5,~~931~~773	~~687~~704	0.02%
Properties in Possession	~~243~~238	1716,~~103~~488	1,~~878~~968	0.0605%
Total	~~379~~376,~~723~~715	3029,~~044~~983,~~105~~945	1214,~~983~~336	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.
Movement in Shares of Trust
	Funding	Seller
	£000's	£000's
Balance Brought Forward	1215,~~540~~801,~~287~~756	1714,~~439~~255,~~597~~332
Replenishment of Assets	0	1,~~538~~174,~~685~~539
Acquisition by Funding	~~3,460,130~~0	~~(3,460,130)~~0
Distribution of Principal Receipts	(~~198~~1,~~623~~001,922)	(1235,~~267,729~~208)
Allocation of Losses	(3885)	(3178)
Share of Capitalised Interest	21,~~311~~877	2,~~629~~070
Payment Re Capitalised Interest	(21,~~311~~877)	21,~~311~~877
Balance Carried Forward	1514,~~801~~799,~~756~~749	1415,~~255~~198,~~332~~532
Carried Forward Percentage	5249.~~57248~~33533%	4750.~~42752~~66467%
Minimum Seller Share	1,~~606~~617,~~532~~935	5.3439%

Page 4 of 10

Cash Accumulation Ledger
	£000's
Brought Forward	2,~~405~~603,~~280~~903
Additional Amounts Accumulated	~~198~~1,~~623~~002,007
Payment of Notes	0(1,017,901)
Carried Forward	2,~~603~~588,~~903~~009
Target Balance	1,~~017~~047,~~901~~164	payable on ~~15th~~16th ~~December~~January ~~2006~~2007
	1,047,164	payable on 16th January 2007
	633,500	payable on 16th April 2007
	339,570	payable on 16th July 2007
	509,355	payable on 16th July 2007
	198,623	payable on 15th October 2007
	397,246	payable on 15th October 2007
	2,603,258
	2,587,265
Excess Spread *
Quarter to 16/10/06	0.4790%
Quarter to 17/07/06	0.4492%
Quarter to 15/04/06	0.2602%
Quarter to 15/01/06	0.5407%
*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 16/10/2006	£272,000,000.00	£0.00	£0.00
Required Amount as at 16/10/2006	£272,000,000.00	£0.00	£0.00
Percentage of Notes	1.4856%	0.00%	0.00%
Percentage of Funding Share	1.7284%	0.00%	0.00%
Notes Outstanding
	£000's
AAA Notes Outstanding	1716,~~270~~252,~~802~~901
AA Notes Outstanding	440,914
A Notes Outstanding	153,497
BBB Notes Outstanding	540,446
Total	1817,~~405~~387,~~659~~758
Properties in Possession

Page 5 of 10

Stock
Properties in Possession
	Current Period
Stock
	Number	£000's
	Current Period
Brought Forward	247	18,396
	Number	£000's
Repossessed in Period	38	9,227
Brought Forward	243	18,981
Sold in Period	(42)	(8,642)
Repossessed in Period	34	7,967
Carried Forward	243	18,981
Sold in Period	(39)	(8,492)
	Cumulative
Carried Forward	238	18,456
	Number	£000's
	Cumulative
Repossessed to date	1,466	185,659
	Number	£000's
Sold to date	(1,223)	(166,678)
Repossessed to date	1,500	193,626
Carried Forward	243	18,981
Sold to date	(1,262)	(175,170)
Repossession Sales Information
Carried Forward	238	18,456
Average time Possession to Sale	98	Days
Repossession Sales Information
Average arrears at time of Sale	£5,340
Average time Possession to Sale	98	Days
MIG Claim Status **
Average arrears at time of Sale	£5,391
	Number	£000's
MIG Claim Status **
MIG Claims made	199	1,396
	Number	£000's
**On the 14th November 2005, Abbey exercised its right to cancel all relevant MIG policies and
MIG Claims made	199	1,396
therefore, none of the mortgage loans in the portfolio are currently covered by a MIG policy.
**On the 14th December 2005, Abbey exercised its right to cancel all relevant MIG policies and
Note
therefore, none of the mortgage loans in the portfolio are currently covered by a MIG policy.
On 17th July Holmes Financing 3 exercised its option to redeem all of the remaining notes
Note
outstanding in accordance with Condition 5(D) of the notes
On 17th July Holmes Financing 3 exercised its option to redeem all of the remaining notes
Trigger Events
outstanding in accordance with Condition 5(D) of the notes
There has been no debit to the AAA Principal Deficiency Ledger
Trigger Events
The Seller has not suffered an Insolvency Event
There has been no debit to the AAA Principal Deficiency Ledger
The Seller is still the Servicer
The Seller has not suffered an Insolvency Event
The Outstanding Principal balance is in excess of £25 billion
The Seller is still the Servicer
Contact Details
The Outstanding Principal balance is in excess of £25 billion
If you have any queries regarding this report please contact the Securitisation Team via
Contact Details
Telephone : +44 (1908) 343232 / 344602 / 343836
If you have any queries regarding this report please contact the Securitisation Team via
Facsimilie : +44 (1908) 343019
Telephone : +44 (1908) 343232 / 344602 / 343836
Email : Securitisation@Abbey.com
Facsimilie : +44 (1908) 343019
Email : Securitisation@Abbey.com

Page 6 of 10

Notes	Deal	Rating (S&P/Moody's/Fitch)	Outstanding	Reference Rate	Margin
Series 3 Class A1	Holmes Financing No. 1	AAA/Aaa/AAA	£375,000,000	5.12063%	0.26%
Series 3 Class A2	Holmes Financing No. 1	AAA/Aaa/AAA	€ 320,000,000	3.49400%	0.26%
Series 3 Class B	Holmes Financing No. 1	AA/Aa3/AA	£24,000,000	5.12063%	0.45%
Series 3 Class C	Holmes Financing No. 1	BBB/Baa2/BBB	£30,000,000	5.12063%	1.60%
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	5.12063%	0.62%
Series 4 Class C	Holmes Financing No. 1	BBB/Baa2/BBB	£14,000,000	5.12063%	1.75%
Series 4 Class A	Holmes Financing No. 2	AAA/Aaa/AAA	€ 500,000,000	3.49400%	0.27%
Series 4 Class B	Holmes Financing No. 2	AA/Aa3/AA	€ 21,000,000	3.49400%	0.50%
Series 4 Class C	Holmes Financing No. 2	BBB/Baa2/BBB	€ 35,000,000	3.49400%	1.60%
Series 3 Class A	Holmes Financing No. 6	AAA/Aaa/AAA	€ 1,000,000,000	3.49400%	0.24%
Series 3 Class B	Holmes Financing No. 6	AA/Aa3/AA	€ 34,000,000	3.49400%	0.50%
Series 3 Class C	Holmes Financing No. 6	BBB/Baa2/BBB	€ 57,000,000	3.49400%	1.50%
Series 4 Class A 1	Holmes Financing No. 6	AAA/Aaa/AAA	$1,000,000,000	5.37375%	0.24%
Series 4 Class A 2	Holmes Financing No. 6	AAA/Aaa/AAA	CHF 300,000,000		2.50%
Series 4 Class B	Holmes Financing No. 6	AA/Aa3/AA	$40,000,000	5.37375%	0.52%
Series 4 Class C	Holmes Financing No. 6	BBB/Baa2/BBB	$69,000,000	5.37375%	1.55%
Series 5 Class A	Holmes Financing No. 6	AAA/Aaa/AAA	£500,000,000	5.12063%	0.24%
Series 5 Class B	Holmes Financing No. 6	AA/Aa3/AA	£17,000,000	5.12063%	0.52%
Series 5 Class C	Holmes Financing No. 6	BBB/Baa2/BBB	£29,000,000	5.12063%	1.55%
Series 3 Class A	Holmes Financing No. 7	AAA/Aaa/AAA	$500,000,000	5.37375%	0.23%
Series 3 Class B	Holmes Financing No. 7	AA/Aa3/AA	£15,000,000	5.12063%	0.50%
Series 3 Class M	Holmes Financing No. 7	A/A2/A	£20,000,000	5.12063%	0.80%
Series 4 Class A 1	Holmes Financing No. 7	AAA/Aaa/AAA	€ 500,000,000	3.49400%	0.26%
Series 4 Class A 2	Holmes Financing No. 7	AAA/Aaa/AAA	£250,000,000	5.12063%	0.26%
Series 4 Class B	Holmes Financing No. 7	AA/Aa3/AA	€ 41,000,000	3.49400%	0.53%
Series 4 Class M	Holmes Financing No. 7	A/A2/A	€ 56,000,000	3.49400%	0.80%
Series 2 Class A	Holmes Financing No. 8	AAA/Aaa/AAA	$1,500,000,000	5.37375%	0.08%
Series 2 Class B	Holmes Financing No. 8	AA/Aa3/AA	$51,000,000	5.37375%	0.17%
Series 2 Class C	Holmes Financing No. 8	BBB/Baa2/BBB	$87,000,000	5.37375%	0.72%
Series 3 Class A	Holmes Financing No. 8	AAA/Aaa/AAA	€ 990,000,000	3.49400%	0.15%
Series 3 Class B	Holmes Financing No. 8	AA/Aa3/AA	€ 34,000,000	3.49400%	0.27%
Series 3 Class C	Holmes Financing No. 8	BBB/Baa2/BBB	€ 57,500,000	3.49400%	0.85%
Series 4 Class A 1	Holmes Financing No. 8	AAA/Aaa/AAA	£900,000,000	5.12063%	0.15%
Series 4 Class A 2	Holmes Financing No. 8	AAA/Aaa/AAA	$500,000,000	5.37375%	0.14%
Series 4 Class B	Holmes Financing No. 8	AA/Aa3/AA	£39,900,000	5.12063%	0.30%
Series 4 Class C	Holmes Financing No. 8	BBB/Baa2/BBB	£68,000,000	5.12063%	0.90%
Series 1 Class A	Holmes Financing No. 9	AAA/Aaa/AAA	$1,740,000,000	5.32000%	-0.03%
Series 2 Class A	Holmes Financing No. 9	AAA/Aaa/AAA	$2,175,000,000	5.37375%	0.06%
Series 3 Class A1	Holmes Financing No. 9	AAA/Aaa/AAA	€ 740,000,000	3.49400%	0.10%
Series 3 Class A2	Holmes Financing No. 9	AAA/Aaa/AAA	£400,000,000	5.12063%	0.09%
Series 4 Class A	Holmes Financing No. 9	AAA/Aaa/AAA	£600,000,000	5.12063%	0.09%
Series 1 Class A	Holmes Financing No. 10	AAA/Aaa/AAA	$1,260,000,000	5.32000%	-0.03%
Series 1 Class B	Holmes Financing No. 10	AA/Aa3/AA	$47,000,000	5.37375%	0.08%
Series 1 Class C	Holmes Financing No. 10	BBB/Baa2/BBB	$47,000,000	5.37375%	0.27%
Series 2 Class A	Holmes Financing No. 10	AAA/Aaa/AAA	$1,440,000,000	5.37375%	0.03%
Series 2 Class B	Holmes Financing No. 10	AA/Aa3/AA	$55,000,000	5.37375%	0.09%
Series 2 Class C	Holmes Financing No. 10	BBB/Baa2/BBB	$55,000,000	5.37375%	0.35%

Page 7 of 10

Notes	Deal	Rating (S&P/Moody's/Fitch)	Outstanding	Reference Rate	Margin
Series 2 Class C	Holmes Financing No. 10	BBB/Baa2/BBB	$55,000,000	5.37375%	0.35%
Series 3 Class A	Holmes Financing No. 10	AAA/Aaa/AAA	€ 1,000,000,000	3.49400%	0.07%
Series 3 Class B1	Holmes Financing No. 10	AA/Aa3/AA	€ 37,000,000	3.49400%	0.12%
Series 3 Class B2	Holmes Financing No. 10	AA/Aa3/AA	£27,500,000	5.12063%	0.12%
Series 3 Class M1	Holmes Financing No. 10	A/A2/A	€ 34,000,000	3.49400%	0.20%
Series 3 Class M2	Holmes Financing No. 10	A/A2/A	£20,000,000	5.12063%	0.20%
Series 3 Class C1	Holmes Financing No. 10	BBB/Baa2/BBB	€ 52,500,000	3.49400%	0.40%
Series 3 Class C2	Holmes Financing No. 10	BBB/Baa2/BBB	£22,000,000	5.12063%	0.40%
Series 4 Class A1	Holmes Financing No. 10	AAA/Aaa/AAA	$1,440,000,000	5.37375%	0.08%
Series 4 Class A2	Holmes Financing No. 10	AAA/Aaa/AAA	£750,000,000	5.12063%	0.09%
Series 1 Class A	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	$1,500,000,000	5.~~34375~~32000%	-0.02%
Series 1 Class B	Holmes Master Issuer 2006-1	AA/Aa3/AA	$45,000,000	5.34375%	0.09%
Series 1 Class C	Holmes Master Issuer 2006-1	BBB/Baa2/BBB	$45,000,000	5.34375%	0.24%
Series 2 Class A	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	$1,500,000,000	5.34375%	0.06%
Series 2 Class B	Holmes Master Issuer 2006-1	AA/Aa3/AA	$35,000,000	5.34375%	0.12%
Series 2 Class M	Holmes Master Issuer 2006-1	A/A2/A	$30,000,000	5.34375%	0.19%
Series 2 Class C	Holmes Master Issuer 2006-1	BBB/Baa2/BBB	$40,000,000	5.34375%	0.39%
Series 3 Class A1	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	$900,000,000	5.34375%	0.08%
Series 3 Class A2	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	€ 670,000,000	3.53900%	0.10%
Series 3 Class A3	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	£700,000,000	5.18082%	0.10%
Series 3 Class B2	Holmes Master Issuer 2006-1	AA/Aa3/AA	€ 37,500,000	3.53900%	0.15%
Series 3 Class B3	Holmes Master Issuer 2006-1	AA/Aa3/AA	£20,000,000	5.18082%	0.15%
Series 3 Class M2	Holmes Master Issuer 2006-1	A/A2/A	€ 35,500,000	3.53900%	0.22%
Series 3 Class M3	Holmes Master Issuer 2006-1	A/A2/A	£12,000,000	5.18082%	0.22%
Series 3 Class C2	Holmes Master Issuer 2006-1	BBB/Baa2/BBB	€ 61,500,000	3.53900%	0.42%
Series 3 Class C3	Holmes Master Issuer 2006-1	BBB/Baa2/BBB	£12,500,000	5.18082%	0.42%
Series 1 Class A	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	$1,500,000,000	5.34375%	-0.02%
Series 1 Class B	Holmes Master Issuer 2006-1	AA/Aa3/AA	$45,000,000	5.34375%	0.09%
Series 1 Class C	Holmes Master Issuer 2006-1	BBB/Baa2/BBB	$45,000,000	5.34375%	0.24%
Series 2 Class A	Holmes Master Issuer 2006-1	AAA/Aaa/AAA	$1,500,000,000	5.34375%	0.06%
Series 2 Class B	Holmes Master Issuer 2006-1	AA/Aa3/AA	$35,000,000	5.34375%	0.12%
Series 2 Class M	Holmes Master Issuer 2006-1	A/A2/A	$30,000,000	5.34375%	0.19%
Series 2 Class C	Holmes Master Issuer 2006-1	BBB/Baa2/BBB	$40,000,000	5.34375%	0.39%

Page 8 of 10

Retired Class A Notes
Date Retired	Holmes 1	Holmes 2	Holmes 3	Holmes4	Holmes 5	Holmes 6	Holmes 7	Holmes 8	Holmes 9	Holmes 10	Holmes 2006-1
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	-	-	-
05Q3	650	-	-	-	-	-	-	-	-	-	-
05Q4	-	125	-	-	-	-	-	-	-	-	-
06Q1	-	125	-	-	-	-	803	-	-	-	-
06Q2	-	125	-	-	-	-	-	-	-	-	-
06Q3	-	125	546	1,456	-	-	-	-	-	-	-
06Q4	-	-	-	350	875	-	-	-	-1,018	-	-
Outstanding Class A Notes
Expected Redemption	Holmes 1	Holmes 2	Holmes 3	Holmes4	Holmes 5	Holmes 6	Holmes 7	Holmes 8	Holmes 9	Holmes 10	Holmes 2006-1
06Q4	-	-	-	-	-	-	-	-	-	-	-
07Q1	-	-	-	-	-	-	161	812	~~1,018~~-	-	-
07Q2	-	-	-	-	-	634	161	-	-	-	-
07Q3	575	-	-	-	-	-	-	-	-	679	-
07Q4	-	300	-	-	-	770	-	-	-	-	795
08Q1	-	-	-	-	-	-	-	-	-	-	-
08Q2	-	-	-	-	-	500	592	221	-	388	-
08Q3	-	-	-	-	-	-	-	221	1,272	388	-
08Q4	-	-	-	-	-	-	-	221	-	-	-
09Q1	-	-	-	-	-	-	-	1,171	-	-	-
09Q2	-	-	-	-	-	-	-	-	-	342	-
09Q3	-	-	-	-	-	-	-	-	-	342	397
09Q4	-	-	-	-	-	-	-	-	-	-	397
10Q1	-	-	-	-	-	-	-	-	453	-	-
10Q2	-	-	-	-	-	-	-	-	453	-	-
10Q3	250	-	-	-	-	-	-	-	600	-	-
10Q4	-	-	-	-	-	-	-	-	-	1,526	1,632
11Q1	-	-	-	-	-	-	-	-	-	-	-

Page 9 of 10

Page 10 of 10

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 2) PLC Dated: 31st January 2007 By / s / Jessica Petrie (Authorised Signatory)

Dated: 22nd December 2006 By / s / Jessica Petrie

(Authorised Signatory)

Filing Compare · HOLMES FINANCING NO 2 PLC