PREFERRED RESIDENTIAL SECURITIES 7 PLC


As Agent Bank, please be advised of the following rate determined on:16-Jun-2008

Issue               : Preferred Residential Securities 7 plc - Class D
                      GBP 6,000,000 Mortgage Backed FRN Due 15-Dec-2041
ISIN Number         : XS0183102879
Common Code/        : 18310287
144A ISIN
Issue Nomin     GBP : 6,000,000.00
Period              : 16-Jun-2008 to 15-Sep-2008        Payment Date 15-Sep-2008
Number of Days      : 91
Rate                : 8.455                             Pool Factor:    0.223539
Denomination     GB : 2,235.39

Amount Payable
per Denomination    : 46.99

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



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