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 C
                      GBP 37,500,000 Mortgage Backed FRN Due 15 Dec 2041
ISIN Number         : XS0183102283
Common Code/        : 18310228
144A ISIN
Issue Nomin     GBP : 37,500,000.00
Period              : 15-Sep-2008 to 15-Dec-2008        Payment Date 15-Dec-2008
Number of Days      : 91
Rate                : 9.215                             Pool Factor:    0.211915
Denomination     GB : 2,119.15

Amount Payable
per Denomination    : 48.55

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



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