As Agent Bank, please be advised of the following rate determined            on: 15-Dec-2008
 Issue                             � Preferred Residential Securities 7 plc - Class B
                                   GBP 40,500,000.00 Mortgage Backed FRN Due 15-Dec-2041
 ISIN Number                       � XS0183101558
 Common Code / 144A ISIN           � 18310155
 Issue Nomin GBP                   � 40,500,000.00
 Period                            � 15-Dec-2008 to 16-Mar-2009              Payment Date 16-Mar-2009
 Number of Days                    � 91
 Rate                              � 4.2325                      Pool Factor: 0.211915
 Denomination GBP                  � 2,119.15              �                                    �
                                                                                                     
 Amount Payable per Denomination   � 22.36                 �                                    �
                                                                                                     
 Bank of New York
 Rate Fix Desk                                             Telephone         � 44 1202 689580
 Corporate Trust Services                                  Facsimile         � 44 1202 689601
    
    
    


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