PREFERRED RESIDENTIAL SECURITIES 7 PLC


As Agent Bank, please be advised of the following rate determined on:15-Dec-2006

Issue               : Preferred Residential Securities 7 plc - Class C
                      GBP 37,500,000 Mortgage Backed FRN due 15 Dec 2041
ISIN Number         : XS0183102283
Common Code/
144A ISIN           : 18310228
Issue Nomin     GBP : 37,500,000.00
Period              : 15-Dec-2006 to 15-Mar-2007     Payment Date 15-Mar-2007
Number of Days      : 90
Rate                : 8.79563           Pool Factor: 0.687969
Denomination    GBP : 6,879.69
Amount Payable
per Denomination    : 149.21

JPMorgan Chase Bank
Rate Fix Desk                     Telephone   44(0) 1202 32 8236
Institutional Trust Services      Facsimile   44(0) 1202 34 7939



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