PREFERRED RESIDENTIAL SECURITIES 7 PLC


As Agent Bank, please be advised of the following rate determined on:15-Sep-2008

Issue               : Preferred Residential Securities 7 plc - Class B
                      GBP 40,500,000 Mortgage Backed FRN Due 15-Dec-2041
ISIN Number         : XS0183101558
Common Code/        : 18310155
144A ISIN
Issue Nomin     GBP : 40,500,000.00
Period              : 15-Sep-2008 to 15-Dec-2008      Payment Date 15-Dec-2008
Number of Days      : 91
Rate                : 6.815                           Pool Factor:    0.211915
Denomination    GB  : 2,119.15

Amount Payable
per Denomination    : 35.91

Bank of New York
Rate Fix Desk                  Telephone 44 1202 689580
Corporate Trust Services       Facsimile 44 1202 689601



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