Exhibit 7.1

Santander UK plc

Computation of Ratio of Earnings to Fixed Charges

(i) Excluding interest on retail deposits



|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|------------------------------------------- |  | ---------------------- | ----- |  | ------ |  | ----- | ------ |  |  | ------ |  |  | ------ | ----- |  |  |  | ----- | 
|                                            |  | Year ended December 31 |      
|                                            |  | 2012£m                 |       |  | 2011£m |  |       | 2010£m |  |  | 2009£m |  |  | 2008£m |      
|                                            |  |                        |       |  |       
|Profit before tax                           |  |                        | 1231  |  |        |  | 1,261 |        |  |  | 2,125  |  |  |        | 1,690 |  |  |  | 1,094 | 
|                                            |  |                        |       |  |       
|Fixed charges: interest expense (B)(1)      |  |                        | 1,782 |  |        |  | 1,077 |        |  |  | 809    |  |  |        | 1,650 |  |  |  | 2,988 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|Earnings before taxes and fixed charges (A) |  |                        | 3,013 |  |        |  | 2,338 |        |  |  | 2,934  |  |  |        | 3,340 |  |  |  | 4,082 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|                                            |  |                        |       |  |       
|Ratio of earnings to fixed charges (A/B)    |  |                        | 169   |  |        |  | 217   |        |  |  | 363    |  |  |        | 202   |  |  |  | 137   | 

(ii) Including interest on retail deposits



|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|------------------------------------------- |  | ---------------------- | ----- |  | ------ |  | ----- | ------ |  |  | ------ |  |  | ------ | ----- |  |  |  | ----- | 
|                                            |  | Year ended December 31 |      
|                                            |  | 2012£m                 |       |  | 2011£m |  |       | 2010£m |  |  | 2009£m |  |  | 2008£m |      
|                                            |  |                        |       |  |       
|                                            |  |                        |       |  |       
|Profit before tax                           |  |                        | 1,231 |  |        |  | 1,261 |        |  |  | 2,125  |  |  |        | 1,690 |  |  |  | 1,094 | 
|                                            |  |                        |       |  |       
|Fixed charges: interest expense (B)(1)      |  |                        | 4,706 |  |        |  | 3,788 |        |  |  | 3,233  |  |  |        | 3,906 |  |  |  | 6,143 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|Earnings before taxes and fixed charges (A) |  |                        | 5,937 |  |        |  | 5,049 |        |  |  | 5,358  |  |  |        | 5,596 |  |  |  | 7,237 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|                                            |  |                        |       |  |       
|Ratio of earnings to fixed charges (A/B)    |  |                        | 126   |  |        |  | 133   |        |  |  | 166    |  |  |        | 143   |  |  |  | 118   | 

Note:



|(1) | Includes the amortisation of discounts and premiums on debt securities in issue.
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