##### 

Exhibit 7.1

Abbey National plc

Computation of Ratio of Earnings to Fixed Charges

Based on IFRS

Exhibit 7.1  Statement of ratio of earnings to fixed
charges

|                                                |  |                        |  |        |  |       
|----------------------------------------------- |  | ---------------------- |  | ------ |  | ------
|                                                |  | Year Ended December 31
|                                                |  |                       
|                                                |  | 2006                   |  | 2005   |  | 2004  
|IFRS                                            |  | £m                     |  | £m     |  | £m    
|                                               
|Profit on continuing operations
    before tax  |  | 428                    |  | 362    |  | 16    
|Fixed Charges: Interest
    Expense (B)(1)(2)   |  | 1,896                  |  | 1,688  |  | 2,084 
|                                               
|Earnings before taxes and fixed
    charges (A) |  | 2,324                  |  | 2,050  |  | 2,100 
|                                               
|Ratio of earnings to Fixed Charges
    (A/ B)   |  | 122.57                 |  | 121.45 |  | 100.77

|                                                |  |        |  |        |  |       
|----------------------------------------------- |  | ------ |  | ------ |  | ------
|                                                |  |       
|                                                |  | 2006   |  | 2005   |  | 2004  
|IFRS                                            |  | £m     |  | £m     |  | £m    
|                                               
|Profit on continuing operations
    before tax  |  | 428    |  | 362    |  | 16    
|Fixed Charges: Interest
    Expense (B)(1)(3)   |  | 4,414  |  | 4,250  |  | 4,174 
|                                               
|Earnings before taxes and fixed
    charges (A) |  | 4,842  |  | 4,612  |  | 4,190 
|                                               
|Ratio of earnings to Fixed Charges
    (A/ B)   |  | 109.70 |  | 108.52 |  | 100.38



|    |                                                                                                                                           
|--- | ------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Includes the amortisation of discounts and premiums on debt
    securities in issue and interest payable on finance lease
    obligations.





Abbey National plc


Computation of Ratio of Earnings to Fixed Charges


Based on US GAAP


|                                                   |  |                        |  |       |  |       |  |       |  |      
|-------------------------------------------------- |  | ---------------------- |  | ----- |  | ----- |  | ----- |  | -----
|                                                   |  | Year Ended December 31
|                                                   |  |                       
|                                                   |  | 2006                   |  | 2005  |  | 2004  |  | 2003  |  | 2002 
|US GAAP                                            |  | £m                     |  | £m    |  | £m    |  | £m    |  | £m   
|                                                  
|Profit on continuing operations
    before tax     |  | 290                    |  | 527   |  | (131) |  | 527   |  | (73) 
|Fixed Charges: Interest
    Expense (B)
    (1)(2) |  | 1,863                  |  | 1,642 |  | 2,084 |  | 2,426 |  | 3,740
|                                                  
|Earnings before taxes and fixed
    charges (A)    |  | 2,153                  |  | 2,169 |  | 1,953 |  | 2,953 |  | 3,667
|                                                  
|Ratio of earnings to Fixed Charges
    (A/ B)      |  | 1.16                   |  | 1.32  |  | 0.94  |  | 1.22  |  | 0.98 

|                                                   |  |       |  |       |  |       |  |       |  |      
|-------------------------------------------------- |  | ----- |  | ----- |  | ----- |  | ----- |  | -----
|                                                   |  |      
|                                                   |  | 2006  |  | 2005  |  | 2004  |  | 2003  |  | 2002 
|US GAAP                                            |  | £m    |  | £m    |  | £m    |  | £m    |  | £m   
|                                                  
|Profit on continuing operations
    before tax     |  | 290   |  | 527   |  | (131) |  | 527   |  | (73) 
|Fixed Charges: Interest
    Expense (B)
    (1)(3) |  | 4,381 |  | 4,204 |  | 4,174 |  | 4,074 |  | 5,439
|                                                  
|Earnings before taxes and fixed
    charges (A)    |  | 4,671 |  | 4,731 |  | 4,043 |  | 4,601 |  | 5,366
|                                                  
|Ratio of earnings to Fixed Charges
    (A/ B)      |  | 1.07  |  | 1.13  |  | 0.97  |  | 1.13  |  | 0.99 



|    |                                                                                                                                           
|--- | ------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Includes the amortisation of discounts and premiums on debt
    securities in issue and interest payable on finance lease
    obligations.
|(2) | Excluding Interest on retail deposits                                                                                                     
|(3) | Including Interest on retail deposits                                                                                                     



---



##### 

Exhibit 8.1  List of subsidiaries of Abbey
National plc as at 31 December 2006

|   |  |                                                                                  |  |                  
|-- |  | -------------------------------------------------------------------------------- |  | -----------------
|   |  | Company Name                                                                     |  | Domicile         
|   |  |                                                                                  |  |                  
|1  |  | A N (123) plc                                                                    |  | England and Wales
|2  |  | Abbey Business Services (India)
    Private Limited                              |  | India            
|3  |  | Abbey Covered Bonds LLP                                                          |  | England and Wales
|4  |  | Abbey National (America) Holdings
    Inc.                                       |  | Delaware, USA    
|5  |  | Abbey National (America) Holdings
    Limited                                    |  | England and Wales
|6  |  | Abbey National (Gibraltar) Limited                                               |  | Gibraltar        
|7  |  | Abbey National (Holdings) Limited                                                |  | England and Wales
|8  |  | Abbey National Alpha Investments                                                 |  | England and Wales
|9  |  | Abbey National American Investments
    Limited                                  |  | England and Wales
|10 |  | Abbey National Baker Street
    Investments                                      |  | England and Wales
|11 |  | Abbey National Beta Investments
    Limited                                      |  | England and Wales
|12 |  | Abbey National business Asset
    Leasing Limited                                |  | England and Wales
|13 |  | Abbey National business Cashflow
    Finance Limited                             |  | England and Wales
|14 |  | Abbey National business Equipment
    Leasing Limited                            |  | England and Wales
|15 |  | Abbey National business Leasing
    Limited  IN LIQUIDATION                     |  | England and Wales
|16 |  | Abbey National Business Office
    Equipment Leasing Limited                     |  | England and Wales
|17 |  | Abbey National business Sales Aid
    Leasing Limited                            |  | England and Wales
|18 |  | Abbey National business Vendor Plan
    Leasing Limited                          |  | England and Wales
|19 |  | Abbey National Charitable
    Trust Limited                                      |  | England and Wales
|20 |  | Abbey National Credit and Payment
    Services Limited                           |  | England and Wales
|21 |  | Abbey National Employment Services
    Inc.                                      |  | Delaware, USA    
|22 |  | Abbey National Financial and
    Investment Services (Jersey) Limited            |  | Jersey           
|23 |  | Abbey National Financial
    Investments 3 B.V.                                  |  | Holland          
|24 |  | Abbey National Financial
    Investments 4 B.V.                                  |  | Holland          
|25 |  | Abbey National Financial
    Investments No. 2 Limited                           |  | Jersey           
|26 |  | Abbey National Funded Unapproved
    Retirement Benefits Scheme Trustees Limited |  | England and Wales
|27 |  | Abbey National Funding plc                                                       |  | England and Wales
|28 |  | Abbey National General Insurance
    Services Limited                            |  | England and Wales
|29 |  | Abbey National Gibraltar
    (1986) Limited                                      |  | England and Wales
|30 |  | Abbey National Global Investments                                                |  | England and Wales
|31 |  | Abbey National GP (Jersey) Limited                                               |  | Jersey           
|32 |  | Abbey National Graphics Services
    Limited  IN LIQUIDATION                    |  | England and Wales
|33 |  | Abbey National Group Pension
    Schemes Trustees Limited                        |  | England and Wales
|34 |  | Abbey National Guarantee Company                                                 |  | England and Wales
|35 |  | Abbey National Homes Limited                                                     |  | England and Wales
|36 |  | Abbey National Independent
    Investments Limited                               |  | England and Wales
|37 |  | Abbey National International Limited                                             |  | Jersey           
|38 |  | Abbey National Investments                                                       |  | England and Wales
|39 |  | Abbey National Investments Holdings
    Limited                                  |  | England and Wales
|40 |  | Abbey National Jersey International
    Limited                                  |  | Jersey           
|41 |  | Abbey National June
    Leasing (5) Ltd                                          |  | England and Wales
|42 |  | Abbey National March
    Leasing (4) Limited                                     |  | England and Wales
|43 |  | Abbey National Mortgage Finance plc                                              |  | England and Wales
|44 |  | Abbey National Nominees Limited                                                  |  | England and Wales
|45 |  | Abbey National North America
    Corporation                                     |  | Delaware, USA    
|46 |  | Abbey National North America
    Holdings Limited                                |  | England and Wales
|47 |  | Abbey National North America LLC                                                 |  | Delaware, USA    
|48 |  | Abbey National Offshore Holdings
    Limited                                     |  | Jersey           
|49 |  | Abbey National Personal Finance
    Limited  IN LIQUIDATION                     |  | England and Wales
|50 |  | Abbey National Personal Pensions
    Trustee Limited                             |  | England and Wales
|51 |  | Abbey National PLP (UK) Limited                                                  |  | England and Wales
|52 |  | Abbey National
    Properties (2) Limited                                        |  | England and Wales
|53 |  | Abbey National Property
    Developments Limited                                 |  | England and Wales
|54 |  | Abbey National Property Investments                                              |  | England and Wales



---



##### 



|    |  |                                                                                    |  |                  
|--- |  | ---------------------------------------------------------------------------------- |  | -----------------
|    |  | Company Name                                                                       |  | Domicile         
|    |  |                                                                                    |  |                  
|55  |  | Abbey National Property Services
    Limited                                       |  | England and Wales
|56  |  | Abbey National Secretariat Services
    (Jersey) Limited                           |  | Jersey           
|57  |  | Abbey National Secretariat Services
    Limited                                    |  | England and Wales
|58  |  | Abbey National Securities
    Inc.                                                 |  | Delaware, USA    
|59  |  | Abbey National September
    Leasing (3) Limited                                   |  | England and Wales
|60  |  | Abbey National September
    Leasing (7) Limited  IN LIQUIDATION                  |  | England and Wales
|61  |  | Abbey National Shelf
    Co. (4) Limited                                           |  | England and Wales
|62  |  | Abbey National Sterling Capital plc                                                |  | England and Wales
|63  |  | Abbey National Treasury
    International (IOM) Limited                            |  | Isle of Man      
|64  |  | Abbey National Treasury Investments                                                |  | England and Wales
|65  |  | Abbey National Treasury Services
    (Australia) Holdings Limited  IN LIQUIDATION |  | England and Wales
|66  |  | Abbey National Treasury Services
    (Trains Holdings) Limited                     |  | England and Wales
|67  |  | Abbey National Treasury Services
    (Transport Holdings) Limited                  |  | England and Wales
|68  |  | Abbey National Treasury Services
    Investments Limited                           |  | England and Wales
|69  |  | Abbey National Treasury Services
    Overseas Holdings                             |  | England and Wales
|70  |  | Abbey National Treasury Services plc                                               |  | England and Wales
|71  |  | Abbey National UK Investments                                                      |  | England and Wales
|72  |  | Abbey National Wrap Managers Limited                                               |  | England and Wales
|73  |  | Abbey Stockbrokers (Nominees)
    Limited                                          |  | England and Wales
|74  |  | Abbey Stockbrokers Limited                                                         |  | England and Wales
|75  |  | AN Structured Issues Limited                                                       |  | Jersey           
|76  |  | ANDSH Limited                                                                      |  | England and Wales
|77  |  | ANFP (US) LLC                                                                      |  | Delaware, USA    
|78  |  | ANIFA Limited  IN
    LIQUIDATION                                                 |  | England and Wales
|79  |  | ANITCO LIMITED                                                                     |  | England and Wales
|80  |  | Baker Street Risk and Insurance
    (Guernsey) Limited                             |  | Guernsey         
|81  |  | Brettwood Limited                                                                  |  | Jersey           
|82  |  | CA Premier Banking Limited                                                         |  | England and Wales
|83  |  | Carfax Insurance Limited                                                           |  | Guernsey         
|84  |  | Cater Allen Holdings Limited                                                       |  | England and Wales
|85  |  | Cater Allen International Limited                                                  |  | England and Wales
|86  |  | Cater Allen Limited                                                                |  | England and Wales
|87  |  | Cater Allen Lloyds Holdings
    Limited                                           |  | England and Wales
|88  |  | Cater Allen Nominees (Jersey)
    Limited                                          |  | Jersey           
|89  |  | Cater Allen Pensions Limited                                                       |  | England and Wales
|90  |  | Cater Allen Registrars Limited                                                     |  | Jersey           
|91  |  | Cater Allen Syndicate Management
    Limited                                       |  | England and Wales
|92  |  | Cater Allen Trust Company
    (Jersey) Limited                                     |  | Jersey           
|93  |  | Cater Tyndall Limited                                                              |  | England and Wales
|94  |  | Covista Integrated Business
    Infrastructure Limited  IN LIQUIDATION            |  | England and Wales
|95  |  | Debt Management and Recovery
    Services Limited                                  |  | England and Wales
|96  |  | DF 123 Limited                                                                     |  | England and Wales
|97  |  | Duchess Parade Investments Limited                                                 |  | England and Wales
|98  |  | Duncan Lawrie Pension Consultants
    Limited  IN LIQUIDATION                     |  | England and Wales
|99  |  | First National Motor Business
    Limited                                          |  | England and Wales
|100 |  | First National Motor Contracts
    Limited                                         |  | England and Wales
|101 |  | First National Motor Facilities
    Limited                                        |  | England and Wales
|102 |  | First National Motor Finance Limited                                               |  | England and Wales
|103 |  | First National Motor Leasing Limited                                               |  | England and Wales
|104 |  | First National Motor plc                                                           |  | England and Wales
|105 |  | IEM (Holland) Aircraft Lease
    B.V.                                              |  | Holland          
|106 |  | IEM 757 Leasing I B.V.                                                             |  | Holland          
|107 |  | IEM Airfinance B.V.                                                                |  | Holland          
|108 |  | IEM Lease Aircraft B.V.                                                            |  | Holland          
|109 |  | Insurance Funding Solutions Limited                                                |  | England and Wales
|110 |  | James Hay Administration Company
    Limited                                       |  | England and Wales



---



##### 



|    |  |                                                      |  |                  
|--- |  | ---------------------------------------------------- |  | -----------------
|    |  | Company Name                                         |  | Domicile         
|    |  |                                                      |  |                  
|111 |  | James Hay Holdings Limited                           |  | England and Wales
|112 |  | James Hay Insurance Company Limited                  |  | Jersey           
|113 |  | James Hay Pension Trustees Limited                   |  | England and Wales
|114 |  | MAC No. 1 Limited                                    |  | England and Wales
|115 |  | N&P (B.E.S.) Loans Limited                           |  | England and Wales
|116 |  | New Investment for Trains 1
    PLC  IN LIQUIDATION |  | England and Wales
|117 |  | Porterbrook Leasing Company Limited                  |  | England and Wales
|118 |  | Porterbrook Leasing Company MEBO
    Limited         |  | England and Wales
|119 |  | Porterbrook Limited                                  |  | England and Wales
|120 |  | Porterbrook Maintenance Limited                      |  | England and Wales
|121 |  | PSA Finance PLC                                      |  | England and Wales
|122 |  | Sandywick Limited                                    |  | Jersey           
|123 |  | Santander Consumer (UK) plc                          |  | England and Wales
|124 |  | Santander Insurance Services UK
    Limited          |  | England and Wales
|125 |  | Santander IP UK Limited                              |  | England and Wales
|126 |  | Sarum Trustees Limited                               |  | England and Wales
|127 |  | Scottish Mutual Pensions Limited                     |  | England and Wales
|128 |  | Sheppards Moneybrokers Limited                       |  | England and Wales
|129 |  | Solarlaser Limited                                   |  | England and Wales
|130 |  | Talorcan plc  IN
    LIQUIDATION                    |  | Scotland         
|131 |  | The Inscape Investment Fund
    (Jersey) Limited     |  | Jersey           
|132 |  | The WF Company Limited                               |  | England and Wales
|133 |  | Vendcare Finance Limited                             |  | England and Wales
|134 |  | Whitefoord & Foden
    Limited  IN LIQUIDATION      |  | England and Wales
|135 |  | Whitewick Limited                                    |  | Jersey