Costs

Question 1

Overall Summary

Answer 1

**17.1M **

Port Mgmt (1.2M)
Servicing (5.2M)
A&R (10.6M)

Q1 Draw Down - £4.2M (25%)
Variance across year - £500k

Shared Society £8.2M

Grand Total - £25.4M

Question 2

Portfolio Breakdown (per year , per month per quarter and cap / rev split)

Answer 2

1. £1.5M (600k incumbent, £600k TPA + approved demand £200k)
2. Per Quarter (£600k q1, £350k Q2+3, £180k Q4)
3. Per Month (£125k)
4. Cap = 10%
5. Rev = 90%

Question 3

Servicing (per year , PM, PM)

Answer 3

1. £1.3M per annum (40% Rev 60% Cap) SHOULD BE £5.3M?!?
2. £1m is new demand ??
3. £350 per quarter ramp down to £250k Q4
4. £100k per month

Question 4

A&R

Answer 4

1. £10.6M full year (Cap 70% Rev 30%)
   - £2.5M incumbent- £6M TPC - £2M TPA
2. £2.7M per quarter
3. £850-£900k per month