Exhibit
  12.1

HOLMES
  FINANCING (NO. 7) PLC 04645659

ABBEY
  NATIONAL HOUSE 2 
  TRITON SQUARE, REGENTS PLACE 
  LONDON NW1 3AN

I, Martin McDermott, certify that:

|1. | I have reviewed this annual report on Form
        20-F, and all reports on Form 6-K containing distribution or servicing
        reports filed in respect of periods included in the year covered by this
    annual report, of HOLMES FINANCING (NO. 7) PLC;                                                                                                                                     
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|2. | Based on my knowledge, the information in these
        reports, taken as a whole, does not contain any untrue statement of a
        material fact or omit to state a material fact necessary to make the
        statements made, in light of the circumstances under which such statements
        were made, not misleading as of the last day of the period covered by
    this annual report;
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|3. | Based on my knowledge, the distribution or
        servicing information required to be provided to the trustee by the servicer
        under the pooling and servicing, or similar, agreement, for inclusion
        in these
reports is included in these reports;                                                                                                                               
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|4. | Based on my knowledge and upon representations
        made to me by the servicer, and except as disclosed in the reports, the
        servicer has fulfilled its obligations under the servicing agreement;
    and                                                                                                                                                                               
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|5. | The reports disclose all significant deficiencies
        relating to the servicer's compliance with the minimum servicing standards
        based
upon representations made to me by the servicer.                                                                                                                                                                                                

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Abbey National plc.

Date: June 30, 2005



/s/ Martin McDermottMartin McDermott 
Director

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