Document:

Exhibit 10.5.1

                             Dated 29 January 2005

                       GRANITE FINANCE FUNDING 2 LIMITED

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                     PROGRAMME MASTER DEFINITIONS SCHEDULE
  (as amended by Deeds of Amendment dated 26 August 2005 and 29 January 2007)

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                            SIDLEY AUSTIN (UK) LLP
                               WOOLGATE EXCHANGE
                             25 BASINGHALL STREET
                                LONDON EC2V 5HA
                            TELEPHONE 020 7360 3600
                            FACSIMILE 020 7626 7937
                            REF:30507-30170/880778

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CONTENTS

1.       Definitions..........................................................2
2.       Interpretation and Construction.....................................90
3.       Governing Law.......................................................93

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THIS PROGRAMME MASTER DEFINITIONS SCHEDULE is signed for the purposes of
identification on 19 January 2005

BY:

(1)   Sidley Austin Brown & Wood of Woolgate Exchange, 25 Basinghall Street,
      London EC2V 5HA; and

(2)   Allen & Overy LLP of One New Change, London EC4M 9QQ.

1.    Definitions

Words and expressions used in any document which incorporates this clause or
to which this clause applies shall, have the same meanings as are set out in
this Programme Master Definitions Schedule except so far as the context
requires otherwise.

"1925 Act" means The Law of Property Act 1925;

"A Loan Tranche" means, a tranche of any Funding 2 Intercompany Loan which has
been structured so as to reflect the payment obligations on the Notes of the
relevant Funding 2 Issuer which are rated A by S&P, A2 by Moody's and A by
Fitch at their date of issue;

"A Principal Deficiency Sub Ledger" means the sub-ledger of the Funding 2
Principal Deficiency Ledger corresponding to the A Loan Tranches;

"ACA Trigger Event" means, in respect of any Funding Issuer that is an ACA
Issuer, an event which occurs when any Funding Issuer fails to exercise its
option to redeem its Notes on the relevant Step-Up Date pursuant to the terms
and conditions of its Notes;

"ACA Issuer" Granite Mortgages 04-2 plc, Granite Mortgages 04-3 plc and (in
respect of Funding) any new Issuer designated as such;

"ACA Limit Amount" means, in respect of an ACA Issuer, an amount equal to the
greater of:

(A)   the product of:

(i)   the product of (a) the Mortgages Trustee Principal Receipts for that
      Distribution Date, and (b) the Funding Share Percentage or, as
      applicable, the Weighted Average Funding Share Percentage applicable as
      at the later to occur of the immediately preceding Assignment Date, the
      immediately preceding Funding Contribution Date and the immediately
      preceding Distribution Date; and

(ii)  the quotient of (a) the Outstanding Principal Balance of such ACA
      Issuer's Intercompany Loan as at the immediately preceding Payment Date
      (after taking into account principal payments on such Payment Date) less
      the aggregate of amounts recorded on the Principal Deficiency Ledger of
      such ACA Issuer (but only to the extent of Losses on the Mortgage Loans
      allocated to such ACA Issuer and application of Funding Available
      Principal Receipts to fund the Liquidity Reserve Fund of such ACA
      Issuer), divided by (b) the aggregate Outstanding Principal Balance on
      all Funding Intercompany Loans as at the immediately preceding Payment
      Date (after taking into account principal payments on such Payment Date)
      less the sum of (1) the aggregate Outstanding Principal Balance of all
      Special Repayment Notes and (2) the aggregate of amounts recorded on the
      Principal Deficiency Ledgers of all Funding Issuers (but only to the
      extent of Losses on the Mortgage Loans allocated to a

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      Funding Issuer and application of Funding Available Principal Receipts
      to fund the Issuer Liquidity Reserve Fund of that Funding Issuer); and

(B)   in respect of such ACA Issuer's Notes, the Controlled Amortisation
      Amount for each Class of Notes of such ACA Issuer as if an ACA Trigger
      Event had not occurred.

"AA Loan Tranche" means, a tranche of any Funding 2 Intercompany Loan which
has been structured so as to reflect the payment obligations on the Notes of
the relevant Funding 2 Issuer which are rated AA by S&P, Aa2 by Moody's and AA
by Fitch at their date of issue;

"AA Principal Deficiency Sub Ledger" means the sub-ledger of the Funding 2
Principal Deficiency Ledger corresponding to the AA Loan Tranches;

"AAA Loan Tranche" means, a tranche of any Funding 2 Intercompany Loan which
has been structured so as to reflect the payment obligations on the Notes of
the relevant Funding 2 Issuer which are rated AAA by S&P, Aaa by Moody's and
AAA by Fitch at their date of issue;

"AAA Principal Deficiency Sub Ledger" means the sub-ledger of the Funding 2
Principal Deficiency Ledger corresponding to the AAA Loan Tranches;

"Accession Undertaking" means a Deed of Accession;

"Account Bank" means, in relation to the Mortgages Trustee, Funding or Funding
2, the bank at which the Mortgages Trustee Bank Accounts or, in the case of
Funding, the Funding Bank Accounts, or, in the case of Funding 2, the Funding
2 Bank Accounts are maintained from time to time, being :

(a)   in relation to the Mortgages Trustee Transaction Account, the Jersey
      Account Bank;

(b)   in relation to the Funding Transaction Account, the UK Account Bank;

(c)   in relation to the Funding 2 Transaction Account, Northern Rock;

(d)   in relation to the Mortgages Trustee GIC Account, Northern Rock;

(e)   in relation to the Funding GIC Account, Northern Rock; and

(f)   in relation to the Funding 2 GIC Account, Northern Rock; and

(g)   in relation to the Funding Issuer GIC Accounts:

      (i)   in respect of any Funding (Issuer) GIC Account established prior
            to 26 May 2004, the UK Account Bank; and

      (ii)  in respect of any Funding (Issuer) GIC Account established on or
            after 26 May 2004, Northern Rock;

or any other Authorised Entity Appointed by the Mortgages Trustee, Funding
and/or Funding 2 in accordance with the Transaction Documents;

"Accrued Interest" means, in respect of any Mortgage Loan as at any date (the
"relevant date"), the aggregate of all interest accrued but not yet due and
payable on such Mortgage Loan from and including the Monthly Payment Date
immediately preceding the relevant date until (but excluding) the relevant
date;

"Additional Tax Representation" means, in relation to a Swap Agreement, the
meaning given such term in that Swap Agreement;

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"Additional Termination Event" means, in relation to a Swap Agreement, the
meaning given such term in that Swap Agreement;

"Additional Trust Property" means all rights, title, interest and benefit of
all property and assets held by the Mortgages Trustee at any time, to the
extent that such rights, title, interest and benefit of such property and
assets do not, at such time, form part of the Initial Trust Property, the
Closing Trust Property, the New Trust Property and/or any Trust Property
referred to in Clause 2.4 (Other Trust Property) of the Mortgages Trust Deed;

"Adjusted Funding 2 Reserve Fund Level" means the sum of:

(a)   the amount standing to the credit of the Issuer Reserve Ledger and the
      Funding 2 Reserve Ledger; and

(b)   the amount (if any) then to be credited to the Issuer Reserve Ledger in
      accordance with the Issuer Pre-Enforcement Principal Priority of
      Payments and the amount (if any) then to be credited to the Funding 2
      Reserve Ledger in accordance with the Funding 2 Pre-Enforcement
      Principal Priority of Payments;

"Administration Agreement" means the agreement entered into on or before the
Initial Closing Date, between the Administrator, the Mortgages Trustee,
Funding, the Seller and the Security Trustee pursuant to which the
administrator agrees to provide administration services to the Mortgages
Trustee and the Beneficiaries in relation to the Mortgage Loans and their
Related Security comprised in the Mortgage Portfolio and shall include any
additional and/or replacement administration agreement entered into by such
parties from time to time;

"Administration Fee Rate" means 0.08% per annum (inclusive of VAT) on the
aggregate amount of the Funding Share of the Trust Property and the Funding 2
Share of the Trust Property as determined on that Distribution Date in respect
of the then current Trust Calculation Period, but only to the extent that the
Mortgages Trustee has sufficient funds available to pay such amount in
accordance with the Mortgages Trustee Revenue Priority of Payments or, at any
time when the Administrator is not Northern Rock, such other amount as set
between such substitute administrator and the Mortgages Trustee from time to
time;

"Administration Fee" has the meaning given to it in Clause 13.1 (Administration
Fee) of the Administration Agreement;

"Administration Procedures" means the administration, arrears and enforcement
policies and procedures forming part of the Seller's Policy from time to time
or, at any time when the Administrator is not also the Seller, the policies
and procedures from time to time which would be adopted by a reasonable,
prudent mortgage lender and, in either case, shall include the services set
out in Schedule 1 to the Administration Agreement;

"Administrator Termination Event" means any of the events specified in Clause
19 (Termination) of the Administration Agreement;

"Agent Bank" means, in respect of any Issuer, the Agent Bank as defined in the
relevant Issuer Master Definitions Schedule;

"Administrator" means Northern Rock or such other person as may from time to
time be appointed as administrator of the Mortgage Portfolio pursuant to the
Administration Agreement;

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"Alternative Insurance Requirements" means the Seller's standard document
entitled Alternative Insurance Requirements, and any other document containing
similar recommendations or requirements which is sent to Borrowers in
accordance with the Administration Procedures;

"Anticipated Cash Accumulation Period" means, on any Trust Determination Date,
the anticipated number of months required to accumulate sufficient principal
receipts to pay the relevant Bullet Repayment Loan Amount, which will be equal
to:

                                   J + K - L
                                 -------------
                                  M x (N x O)

calculated in months and rounded up to the nearest whole number, where:

      J     = the relevant Bullet Repayment Loan Amount;

      K     = the aggregate Principal Amount Outstanding on that Trust
            Determination Date of:

            (i)   each other Bullet Repayment Loan Amount that was not fully
                  repaid on its Bullet Repayment Date and is still
                  outstanding; and

            (ii)  each other Bullet Repayment Loan Amount, the Bullet
                  Repayment Date of which falls on or before the Bullet
                  Repayment Date of the relevant Bullet Repayment Loan Amount;

      L     = the amounts standing to the credit of the Funding 2 Cash
            Accumulation Ledger at the start of that Trust Determination Date
            which are available to pay Bullet Loan Repayment Amounts;

      M     = means the sum of each Monthly CPR on the 12 most recent Trust
            Determination Dates which have occurred prior to that date divided
            by 12;

      N     = 0.85; and

      O     = the aggregate Outstanding Principal Balance of the Mortgage
            Loans included in the Mortgage Portfolio on the previous Trust
            Determination Date.

"Arrears of Interest" means as at any date and in relation to any Mortgage
Loan, interest (other than Capitalised Interest or Accrued Interest) on such
Mortgage Loan which is currently due and payable on such date;

"Arrears or Step-Up Trigger Event" means an event which occurs when (i) the
Outstanding Principal Balance of the Mortgage Loans in arrears for more than
90 days divided by the Outstanding Principal Balance of all of the Mortgage
Loans in the Mortgages Trust (expressed as a percentage) exceeds 2% or (ii) if
(in relation to Funding and the Funding Issuers) any Funding Issuer fails to
exercise its option to redeem its Notes on the relevant Step-Up Date pursuant
to the terms and conditions of its Notes or (in relation to Funding 2 and the
Funding 2 Issuers) any Funding 2 Issuer fails to exercise its option to redeem
its Notes on the relevant Step-Up Date pursuant to the terms and conditions of
its Notes;

"Asset Trigger Event" means the event that occurs when an amount is debited to
the Principal Deficiency Sub Ledger in relation to the Class A Notes of any
Funding 2 Issuer or to the AAA Principal Deficiency Sub-Ledger of Funding 2;

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"Assignation of Guarantees" means an assignation to the Mortgages Trustee of
the Seller's right, title, benefit and interest in the Guarantees governed by
Scots law substantially in the form set out in Part 2 of Schedule 5 to the
Mortgage Sale Agreement;

"Assignment Date" means the date of assignment of any New Mortgage Portfolio
to the Mortgages Trustee in accordance with Clause 4 (Sale and Purchase of New
Mortgage Portfolios) of the Mortgage Sale Agreement;

"Assignment of Guarantees" means an assignment to the Mortgages Trustee of the
Seller's right, title, benefit and interest in the Guarantees governed by
English law substantially in the form set out in Part 1 of Schedule 5 to the
Mortgage Sale Agreement;

"Assignment of Insurance Contracts" means an assignment to the Mortgages
Trustee of the Seller's right, title, benefit and interest in the Insurance
Contracts substantially in the form set out in Schedule 3 (Assignment of
Insurance Contracts) to the Mortgage Sale Agreement;

"Auditors" or "auditors" means PricewaterhouseCoopers of 89 Sandyford Road,
Newcastle upon Tyne NE99 1PL or such other internationally recognised
independent firm of auditors selected from time to time by (in the case of the
Mortgages Trustee) the Mortgages Trustee or (in the case of Funding) Funding
or (in the case of Funding 2) Funding 2 or (in the case of any Issuer) the
relevant Issuer and appointed by the Mortgages Trustee, Funding, Funding 2 or,
as the case may be, the relevant Issuer;

"Authorised Entity" means (a) any entity the short term and secured,
unsubordinated, and unguaranteed debt of which is rated at least A-1+ by S&P,
P-1 by Moody's and F1+ by Fitch or (b) any other entity approved in writing by
(in the case of an Authorised Entity to be appointed by the Security Trustee)
the Security Trustee or (in the case of an Authorised Entity to be appointed
by the Funding 2 Security Trustee) the Funding 2 Security Trustee and (in each
case) the Rating Agencies, in each case being an institution authorised to
carry on banking business (including accepting deposits) under the FSMA;

"Authorised Institution" means an institution authorised to accept deposits
under the FSMA;

"Authorised Investments" means:

(a)   sterling gilt-edged securities; and

(b)   sterling demand or time deposits, certificates of deposit and short-term
      debt obligations (including commercial paper) (which may include
      deposits into any account which earns a rate of interest related to
      LIBOR) provided that in all cases such investments have a maturity date
      of 90 days or less and mature on or before the next following Payment
      Date or, in relation to any Mortgages Trustee Bank Account, the next
      following Distribution Date, and the short-term unsecured, unguaranteed
      and unsubordinated debt obligations of the issuing or guaranteeing
      entity or the entity with which the demand or time deposits are made
      (being an authorised institution under the FSMA) are rated at least
      equal to A-1+ by S&P, P-1 by Moody's and F1+ by Fitch or which are
      otherwise acceptable to the Rating Agencies (if they are notified in
      advance) to maintain the then-current rating of the Notes;

"Authorised Signatory" means in relation to:

(a)   any Issuer, any authorised signatory referred to in the relevant Issuer
      Account Mandates;

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(b)   the Mortgages Trustee, any authorised signatory referred to in the
      Mortgages Trustee Account Mandates;

(c)   Funding, any authorised signatory referred to in the Funding Account
      Mandates; and

(d)   Funding 2, any authorised signatory referred to in the Funding 2 Account
      Mandates;

"Authorised Third Party" means any Person appointed by a Funding Security
Trustee pursuant to the terms of Schedule 4 of the Administration Agreement
and whom the Rating Agencies have previously confirmed in writing to (where
the Funding Security Trustee is the Security Trustee) Funding and the Security
Trustee or (where the Funding Security Trustee is the Funding 2 Security
Trustee) Funding 2 and the Funding 2 Security Trustee will not cause the then
current ratings of the Notes of any Issuer to be downgraded, withdrawn or
qualified provided that if the responsibilities that such appointed Person
will assume include setting the interest rate applicable to any Mortgage Loan,
such Person must be a lender in the UK residential mortgage market;

"Authorised Underpayment" means a Borrower Underpayment in respect of a
Flexible Mortgage Loan which is funded by, and does not exceed the amount of
any, Overpayments previously made by the Borrower in respect of such Flexible
Mortgage Loan or is otherwise permitted by the Seller in accordance with the
relevant Mortgage Conditions;

"Back-up Functions" has the meaning specified in Schedule 4 (Authorised Third
Party) to the Administration Agreement;

"Back-up Trigger Event" means any of the following circumstances:

(i)   failure by the Seller to comply with any of its obligations under the
      Mortgage Sale Agreement;

(ii)  a Completion Event and any circumstances in connection therewith; or

(iii) an Administrator Termination Event and any circumstances in connection
      therewith;

"BACS Amounts" means the amounts to be received by the Collection Banks from
Borrowers whether under the Direct Debiting Scheme or otherwise and to be
credited by the Collection Banks to the Collection Accounts on each Monthly
Payment Date, which each Collection Bank shall credit to the relevant
Collection Account;

"BACS" means the Bankers' Automated Clearing System as amended or supplemented
from time to time or any scheme replacing the same;

"Bank Account Agreement" means the agreement entered into on or about the
Initial Closing Date between the Account Banks, the Mortgages Trustee, Funding
and the Security Trustee which governs the operation of the Mortgages Trustee
Bank Accounts and the Funding Bank Accounts other than the Funding (Issuer)
GIC Accounts and shall include any additional and/or replacement bank account
agreement entered into by such parties from time to time;

"BBB Loan Tranche" means, a tranche of any Funding 2 Intercompany Loan which
has been structured so as to reflect the payment obligations on the Notes of
the relevant Funding 2 Issuer which are rated BBB by S&P, Baa2 by Moody's and
BBB by Fitch at their date of issue;

"Bank of England Base Rate" means the Bank of England's official dealing rate
(the repo rate) as set by the UK Monetary Policy Committee and in the event
that such rate ceases to exist or becomes

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inappropriate as an index for the Base Rate Pledge such alternative rate or
index, not controlled by the Seller, that the Seller considers to be the most
appropriate in the circumstances;

"Barclays Collection Account" means the account in the name of Northern Rock
(sort code 20/59/42, account number 60655996) held with Barclays Bank PLC and
maintained subject to the Collection Bank Agreement and/or such other accounts
of Northern Rock held with Barclays Bank PLC as may be utilised from time to
time for the purpose of collecting sums due to Northern Rock in respect of the
Mortgage Loans;

"Barclays" means Barclays Bank PLC;

"Base Prospectus" means the base prospectus or preliminary base prospectus
(together with any documents incorporated thereto by reference) prepared in
connection with the Programme and (as revised, supplemented or amended from
time to time by the Master Issuer in accordance with clause 5.2 of the
Programme Agreement) constituting (in the case of Notes to be listed on a
Regulated Market) a "base prospectus" for the purposes of the Prospectus
Directive;

"Base Rate Pledge Period" means, in relation to any Mortgage Loan having the
benefit of the Base Rate Pledge, the period if any during which the Borrower
may be subject to an Early Repayment Charge;

"Base Rate Pledge" means the guarantee of the Seller that where Mortgage Loans
are eligible to be charged at or based on the Standard Variable Rate
(including Fixed Rate Mortgage Loans upon conversion from a Fixed Rate to the
Standard Variable Rate) and they are within the Base Rate Pledge Period, the
actual variable gross interest rate charged on such Mortgage Loans will be the
lower of the following two rates:

(a)   the Standard Variable Rate; or

(b)   the Bank of England base rate plus a margin which is determined by the
      Seller;

such variable gross interest rate to be applied as necessary within one month
of a change in the Bank of England base rate;

"Basis Rate Swap Agreement" means, in relation to:

(a)   the First Issuer, the First Issuer Basis Rate Swap Agreement;

(b)   any other Funding Issuer, the ISDA Master Agreement, Schedule,
      Confirmation and any credit support documents thereto entered into among
      such Funding Issuer, the Basis Rate Swap Provider, the Note Trustee and
      any credit support provider as may be amended, restated, novated, varied
      or supplemented from time to time and shall include any additional
      and/or replacement basis rate swap agreement entered into by such
      Funding Issuer from time to time in connection with the Notes issued by
      such Funding Issuer; and

(c)   Funding 2, the Funding 2 Basis Rate Swap Agreement.

"Basis Rate Swap Provider" means Northern Rock and/or, as applicable, any
other basis rate swap provider appointed from time to time in accordance with
the Transaction Documents;

"Basis Rate Swap Provider Default" means the occurrence of an Event of Default
or a Downgrade Termination Event (as defined in the relevant Basis Rate Swap
Agreement) under a Basis Rate Swap Agreement where the Basis Rate Swap
Provider is the Defaulting Party or the Affected Party (as defined in the
relevant Basis Rate Swap Agreement);

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"Basis Rate Swap" means, in relation to:

(a)   the First Issuer, the First Issuer Basis Rate Swap;

(b)   any other Funding Issuer, the swap transaction documented under the
      Basis Rate Swap Agreement for such Funding Issuer; and

(c)   Funding 2, the Funding 2 Basis Rate Swaps;

"BB Loan Tranche" means, a tranche of any Funding 2 Intercompany Loan which
has been structured so as to reflect the payment obligations on the Notes of
the relevant Funding 2 Issuer which are rated BB by S&P, Ba2 by Moody's and BB
by Fitch at their date of issue;

"BB Principal Deficiency Sub Ledger" means the sub-ledger of the Funding 2
Principal Deficiency Ledger corresponding to the BB Loan Tranches;

"BBB Loan Tranche" means, a tranche of any Funding 2 Intercompany Loan which
has been structured so as to reflect the payment obligations on the Notes of
the relevant Funding 2 Issuer which are rated BBB by S&P, Baa2 by Moody's and
BBB by Fitch at their date of issue;

"BBB Principal Deficiency Sub Ledger" means the sub-ledger of the Funding 2
Principal Deficiency Ledger corresponding to the BBB Loan Tranches;

"Beneficiaries" means Funding, Funding 2, the Seller and any other beneficiary
of the Mortgages Trust, as beneficiaries of the Mortgages Trust and
"Beneficiary" means any of them;

"Block Buildings Policy" means the block buildings insurance policies listed
in paragraph 2 of Schedule 4 (Insurance Contracts) to the Mortgage Sale
Agreement and any endorsements or extensions thereto as issued from time to
time and any additional, replacement or substitute block insurance policy
which relates to Mortgage Loans in the Mortgages Trust from time to time;

"Borrower Underpayment" means a situation where a Borrower makes a Monthly
Payment on its Mortgage Loan which is less than the required Monthly Payment
for that month; "Borrower" means, in relation to each Mortgage Loan, the
person or persons who is or are named and defined as such in the relevant
Mortgage Deed or such other person or persons (other than a guarantor) who
shall become legally obligated to comply with such Borrower's obligations
under the related Mortgage Loan;

"Buildings Policies" means

(a)   all buildings insurance policies relating to freehold English Properties
      or any Scottish Properties which have been taken out in the name of the
      relevant Borrower or in the name of the Borrower and the Seller or in
      the name of the Borrower with the Seller's interest noted, in accordance
      with the applicable Mortgage Conditions or the Alternative Insurance
      Requirements, including, without limitation, the Block Buildings Policy;
      and

(b)   all landlord's buildings insurance policies relating to leasehold
      Mortgaged Properties;

"Bullet Loan Tranche" means, in relation to Funding 2, any Loan Tranche which
is scheduled to be repaid in full on one Loan Payment Date. Bullet Loan
Tranches will be deemed to be Pass-Through Loan Tranches if:

(a)   a date specified in relation to the same in the applicable Loan Tranche
      Supplement occurs;

(b)   a Pass-Through Trigger Event occurs; or

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(c)   a Step-Up Date (if any) in relation to such Loan Tranche occurs;

"Bullet Redemption Date" means, for any Series and Class of Bullet Redemption
Notes, the Monthly Payment Date specified for such Notes in the applicable
Final Terms;

"Bullet Redemption Notes" means, in relation to a Funding 2 Issuer, any Series
and Class of Notes issued by such Issuer which is scheduled to be repaid in
full on one Note Payment Date. Bullet Redemption Notes will be deemed to be
Pass-Through Notes if:

(a)   a date specified in relation to the same in the applicable Final Terms
      occurs;

(b)   a Pass-Through Trigger Event occurs;

(c)   the Step-Up Date (if any) in relation to such Notes occurs;

"Bullet Repayment Date" means, for any Bullet Loan Tranche, the Monthly
Payment Date specified as such for such Loan Tranche in the applicable Loan
Tranche Supplement;

"Bullet Repayment Loan Amount" means, in relation to Funding 2, the amount
required to be repaid on the Bullet Repayment Date in respect of a Bullet Loan
Tranche in order to pay such Bullet Loan Tranche in full;

"Business Day" means, in relation to the First Issuer Notes and the First
Issuer Intercompany Loan, a day that is a London Business Day and a New York
Business Day;

"Capital Balance" means, in relation to any Mortgage Loan at any date, the
principal balance of that Mortgage Loan to which the Seller applies the
relevant interest rate at which interest on each Mortgage Loan applies;

"Capital Payment" means a Monthly Payment made by a Borrower under a Mortgage
Loan (other than a Flexible Mortgage Loan) that is greater by (pound)200 or
more than the amount due for that month, and in respect of which the Borrower
has notified the Seller that such overpayment is intended to reduce the
Capital Balance of the related Mortgage Loan;

"Capitalised Arrears" means, in relation to any Mortgage Loan at any date,
interest or other amounts which are overdue in respect of such Mortgage Loan
and which as at such date have been added to the Capital Balance of such
Mortgage Loan either in accordance with the Mortgage Conditions or otherwise
by arrangement with the relevant Borrower;

"Capitalised Interest" means, in relation to any Mortgage Loan at any date,
interest which is overdue in respect of such Mortgage Loan and which as at
such date has been added to the Capital Balance of such Mortgage Loan in
accordance with the Mortgage Conditions or otherwise by arrangement with the
relevant Borrower (excluding for the avoidance of doubt any Arrears of
Interest which have not been so capitalised on such date);

"Cash" means cash and/or amounts standing to the credit of a bank account, as
the context shall require;

"Cash Accumulation Period" means the period beginning on the earlier to occur
of:

(a)   the date determined after counting back in time from the Bullet
      Repayment Date of the relevant Bullet Repayment Loan Amount, the number
      of months calculated in respect of the Anticipated Cash Accumulation
      Period relating to the relevant Bullet Repayment Loan Amount; and

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(b)   in relation to an Original Bullet Loan Tranche, six months prior to the
      Bullet Repayment Date of that Original Bullet Loan Tranche;

and ending when Funding 2 has fully repaid that Bullet Repayment Loan Amount.

"Cash Accumulation Requirement" means on a Trust Determination Date:

(a)   the Outstanding Principal Balance in relation to each Bullet Repayment
      Loan Amount that is within a Cash Accumulation Period;

(b)   plus amounts due on the next following Monthly Payment Date in items
      (A), (B) and (C) of the Funding 2 Pre-Enforcement Principal Priority of
      Payments;

(c)   less the amount standing to the credit of the Funding 2 Cash
      Accumulation Ledger at the last Monthly Payment Date (which amount was
      not to be distributed on that Monthly Payment Date to fund the Bullet
      Repayment Loan Amount of any Loan Tranche);

"Cash Accumulation Shortfall" means at any time that the Funding 2 Cash
Accumulation Ledger Amount is less than the Cash Accumulation Liability;

"Cashback" means, in relation to any Mortgage Loan, the agreement by the
Seller to pay an amount to the relevant Borrower upon completion of the
relevant Mortgage Loan;

"Cash Management Agreement" means the cash management agreement entered into
on or before the Initial Closing Date between the Cash Manager, the Mortgages
Trustee, Funding and the Security Trustee and shall include any additional
and/or replacement cash management agreement entered into by such parties from
time to time in accordance with the Transaction Documents;

"Cash Management Services" means, in relation to any Issuer, the services to
be provided to such Issuer and the Note Trustee or the Issuer Security Trustee
(as applicable) pursuant to the applicable Issuer Cash Management Agreement
and in relation to the Mortgages Trustee, Funding and Funding 2, the services
to be provided to the Mortgages Trustee, Funding and Funding 2 pursuant to the
Cash Management Agreement;

"Cash Manager Termination Event" has the meaning given in Clause 12.1
(Termination) of the Cash Management
Agreement;

"Cash Manager" means Northern Rock or such other person or persons for the
time being acting, pursuant to the Cash Management Agreement, as agent for the
Mortgages Trustee, Funding, Funding 2, (following enforcement of the Funding
Security) the Security Trustee and, (following enforcement of the Funding 2
Security) the Funding 2 Security Trustee for the purposes of, inter alia,
managing all cash transactions and maintaining certain ledgers on behalf of
the Mortgages Trustee, Funding, Funding 2, (following enforcement of the
Funding Security) the Security Trustee and (following enforcement of the
Funding 2 Security) the Funding 2 Security Trustee;

"Cash Re-Draw Amount" means, in relation to any Cash Re-Draw, the amount of
monies advanced by the Seller to the relevant Borrower in respect of such Cash
Re-Draw;

"Cash Re-Draw" means a cash payment granted and made by the Seller in
accordance with the Mortgage Conditions at the request of a Borrower after
such Borrower has made an Overpayment in respect of any Flexible Mortgage Loan
but only to the extent of the Overpayment so made;

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"Cash Re-Draws Sub-Ledger" means the sub-ledger of the Re-Draws Ledger, which
will be established by the Cash Manager on the Initial Closing Date in order
to record any Cash Re-Draws made on Flexible Mortgage Loans in the Trust
Property;

"CCA" means the Consumer Credit Act 1974 as amended from time to time.

"Certificate of Title" means a solicitor's or licensed or qualified
conveyancer's report or certificate of title obtained by or on behalf of the
Seller in respect of each Mortgaged Property substantially in the form of the
pro-forma set out in the Standard Documentation;

"Class A Available Subordinated Amount" means, on any date:

(a)   the sum of (i) the aggregate of the Principal Amounts Outstanding of the
      Class B Notes of all Series issued by the Master Issuer, the Class M
      Notes of all Series issued by the Master Issuer, the Class C Notes of
      all Series issued by the Master Issuer and the Class D Notes of all
      Series issued by the Master Issuer (after giving effect to payments of
      principal being made on such Notes on such date); and (ii) the aggregate
      amount of the Funding 2 Reserve Fund and the Issuer Reserve Fund on such
      date; and (iii) Excess Spread;

less

(b)   the amount standing to the credit of the Funding 2 Principal Ledger
      available on such date for the payment of principal on AA Loan Tranches,
      A Loan Tranches, BB Loan Tranches (after giving effect to any payments
      of principal to be made on the Loan Tranches on such date);

"Class A Noteholders" means the holders of the Class A Notes;

"Class A Notes" means, in relation to (a) the First Issuer, the Series 1 Class
A Notes and the Series 2 Class A Notes or any of them as the context may
require; (b) any other Funding Issuer, the Class A Notes as are defined in the
relevant Issuer Master Definitions Schedule; and (c) the Master Issuer, the
Notes of any Series designated as such in the applicable Final Terms;

"Class A Principal Deficiency Sub Ledger" means, in relation to any Funding
Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such
Issuer corresponding to the Class A Notes issued by such Issuer;

"Class A Required Subordinated Amount" means the amount calculated on any date
as the product of:

                                     A x B

where:

A =   the Class A Required Subordinated Percentage as specified in the most
      recent Final Terms for Class A Notes of any Series; and

B =   the Principal Amount Outstanding of all Notes on such date (after
      giving effect to any payments of principal to be made on the Notes on
      such date) less the amounts standing to the credit of the Funding 2 Cash
      Accumulation Ledger and the Funding 2 Principal Ledger available on such
      date for the repayment of principal on the Loan Tranches (after giving
      effect to any repayments of principal to be made on the Loan Tranches on
      such date);

"Class A Required Subordinated Percentage" means, on any date, the percentage
specified as such in the most recent Final Terms;

                                      12
<PAGE>

"Class B Available Subordinated Amount" means, on any date:

(a)   the sum of (i) the aggregate of the Principal Amounts Outstanding of the
      Class M Notes of all Series issued by the Master Issuer, the Class C
      Notes of all Series issued by the Master Issuer and the Class D Notes of
      all Series issued by the Master Issuer (after giving effect to payments
      of principal being made on such Notes on such date); and (ii) the
      aggregate amount of the Funding 2 Reserve Fund and the Issuer Reserve
      Fund on such date; and (iii) Excess Spread;

less

(b)   the amounts standing to the credit of Funding 2 Principal Ledger
      available on such date for the payment of principal on the A Loan
      Tranches, BBB Loan Tranches and BB Loan Tranches (after giving effect to
      any payments of principal to be made on the Loan Tranches on such date);

"Class B Noteholders" means, in relation to any Issuer, the holders of the
Class B Notes issued by that Issuer;

"Class B Notes" means, in relation to (a) the First Issuer, the Series 1 Class
B Notes and the Series 2 Class B Notes or any of them as the context may
require; (b) any other Funding Issuer, the Class B Notes as are defined in the
relevant Issuer Master Definitions Schedule; and (c) the Master Issuer, the
Notes of any Series designated as such in the applicable Final Terms;

"Class B Principal Deficiency Sub Ledger" means, in relation to any Funding
Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such
Issuer corresponding to the Class B Notes issued by such Issuer;

"Class B Required Subordinated Amount" means the amount calculated on any date
as the product of:

                                     A x B

where:

A =   the Class B Required Subordinated Percentage as specified in the most
      recent Final Terms for Class B Notes of any Series; and

B =   the Principal Amount Outstanding of all Notes on such date (after
      giving effect to any payments of principal to be made on the Notes on
      such date) less the amounts standing to the credit of the Funding 2 Cash
      Accumulation Ledger and the Funding 2 Principal Ledger available on such
      date for the repayment of principal on the Loan Tranches (after giving
      effect to any repayments of principal to be made on the Loan Tranches on
      such date);

"Class B Required Subordinated Percentage" means, on any date, the percentage
specified as such in the most recent Final Terms;

"Class C Available Subordinated Amount" means, on any date:

(a)   the sum of (i) the aggregate of the Principal Amounts Outstanding of the
      Class D Notes of all Series issued by the Master Issuer (after giving
      effect to payments of principal being made on such Notes on such date);
      and (ii) the aggregate amount of the Funding 2 Reserve Fund and the
      Issuer Reserve Fund on such date; and (iii) Excess Spread;

                                      13
<PAGE>

less

(b)   the amounts standing to the credit of the Funding 2 Principal Ledger
      available on such date for the payment of principal on the BB Loan
      Tranches (after giving effect to any payments of principal to be made on
      the Loan Tranches on such date);

"Class C Noteholders" means the holders of the Class C Notes;

"Class C Notes" means, in relation to (a) the First Issuer, the Series 1 Class
C Notes and the Series 2 Class C Notes or any of them as the context may
require; (b) any other Funding Issuer, the Class C Notes as are defined in the
relevant Issuer Master Definitions Schedule; and (c) the Master Issuer, the
Notes of any Series designated as such in the applicable Final Terms;

"Class C Principal Deficiency Sub Ledger" means, in relation to any Funding
Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such
Issuer corresponding to the Class C Notes issued by such Issuer;

"Class C Required Subordinated Amount" means the amount calculated on any date
as the product of:

                                     A x B

where:

A=    the Class C Required Subordinated Percentage as specified in the most
      recent Final Terms for Class C Notes of any Series; and

B=    the Principal Amount Outstanding of all Notes on such date (after
      giving effect to any payments of principal to be made on the Notes on
      such date) less the amounts standing to the credit of the Funding 2 Cash
      Accumulation Ledger and the Funding 2 Principal Ledger available on such
      date for the payment of principal on the Loan Tranches (after giving
      effect to any payments of principal to be made on the Loan Tranches on
      such date);

"Class C Required Subordinated Percentage" means, on any date, the percentage
specified as such in the most recent Final Terms;

"Class D Notes" means, in relation to (a) the Second Issuer, the Series 2
Class D Notes; (b) any other Funding Issuer, the Class D Notes as are defined
in the relevant Issuer Master Definitions Schedule; and (c) the Master Issuer,
the Notes of any Series designated as such in the applicable Final Terms;

"Class D Principal Deficiency Sub Ledger" means, in relation to any Funding
Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such
Issuer corresponding to the Class D Notes issued by such Issuer;

"Class M Available Subordinated Amount" means, on any date:

(a)   the sum of (i) the aggregate of the Principal Amounts Outstanding of the
      Class C Notes of all Series issued by the Master Issuer and the Class D
      Notes of all Series issued by the Master Issuer (after giving effect to
      payments of principal being made on such Notes on such date); and (ii)
      the aggregate amount of the Funding 2 Reserve Fund and the Issuer
      Reserve Fund on such date; and (iii) Excess Spread;

less

                                      14
<PAGE>

(b)   the amounts standing to the credit of the Funding 2 Principal Ledger
      available on such date for the payment of principal on the BBB Loan
      Tranches and the BB Loan Tranches (after giving effect to any payments
      of principal to be made on the Loan Tranches on such date);

"Class M Notes" means, in relation to: (a) Granite Mortgages 03-3 plc, the
Series 1 Class M Notes, the Series 2 Class M Notes and the Series 3 Class M
Notes or any of them as the context may require; (b) any other Funding Issuer,
the Class M Notes as defined in the relevant Issuer Master Definitions
Schedule; and (c) the Master Issuer, the Notes of any Series designated as
such in the applicable Note Supplement;

"Class M Principal Deficiency Sub Ledger" means, in relation to any Funding
Issuer, the sub-ledger of the Issuer Principal Deficiency Ledger of such
Issuer corresponding to the Class M Notes issued by such Issuer;

"Class M Required Subordinated Amount" means the amount calculated on any date
as the product of:

                                     A x B

where:

A=    the Class M Required Subordinated Percentage as specified in the most
      recent Final Terms for Class M Notes of any Series; and

B=    the Principal Amount Outstanding of all Notes on such date (after
      giving effect to any payments of principal to be made on the Notes on
      such date) less the amounts standing to the credit of the Funding 2 Cash
      Accumulation Ledger and the Funding 2 Principal Ledger available on such
      date for the payment of principal on the Loan Tranches (after giving
      effect to any payments of principal to be made on the Loan Tranches on
      such date);

"Class M Required Subordinated Percentage" means, on any date, the percentage
specified as such in the most recent Final Terms;

"Class" means in relation to the Notes or the Noteholders, the Class A Notes,
the Class B Notes, the Class M Notes, the Class C Notes or the Class D Notes,
as the context requires;

"Clearstream, Luxembourg" means Clearstream Banking, societe anonyme;

"Closing Date" means:

(a)   in relation to the First Issuer, the Initial Closing Date and, in
      relation to any New Issuer that is a Funding Issuer, the date of any
      issue of New Notes by a New Issuer;

(b)   in relation to a Funding 2 Issuer and a Series and Class of Notes issued
      by such Issuer, the date of issue of such Series and Class of Notes;

"Closing Trust Property" means the Initial Mortgage Portfolio assigned by the
Seller to the Mortgages Trustee on the Initial Closing Date;

"Collection Account" means the Barclays Collection Account, the Lloyds TSB
Collection Account and any other account in the name of Northern Rock which is
from time to time used for the purpose of collecting, directly or indirectly,
monies due in respect of Mortgage Loans and/or the Related Security;

                                      15
<PAGE>

"Collection Bank Agreement" means the collection bank agreement entered into
on or about the Initial Closing Date between the Collection Banks, Mortgages
Trustee, Funding, the Seller and the Administrator and shall include any
additional and/or replacement collection bank agreement entered into by such
parties from time to time in accordance with the Transaction Documents;

"Collection Bank" means any of Barclays, acting through its branch at Percy
Street, Newcastle upon Tyne NE99 1JP and Lloyds TSB acting through its branch
at City Office, Bailey Drive, Gillingham Business Park, Kent ME8 0LS and/or
such other banks as may be appointed from time to time under and in accordance
with the Transaction Documents;

"Combined Credit Balance" means the average monthly cleared credit balance of
certain accounts of the Borrower held with the Seller which, pursuant to the
Together Connection Conditions, are required to be deducted from, among other
things, the balance of the Together Connections Mortgage Loan in calculating
the Together Connections Benefit;

"Combined Debit Balance" means the aggregate of the outstanding balances of:

(a)   a Borrower's Together Connections Mortgage Loan; and

(b)   certain other products held with the Seller,

from which the Combined Credit Balance is deducted in calculating the Together
Connections Benefit;

"Common Depositary" means Citibank, N.A., in its capacity as common depositary
for Euroclear and Clearstream, Luxembourg, in relation to the First Issuer
Notes, the CDIs (as defined in the Issuer Master Definitions Schedule relating
to the First Issuer) and, in relation to any New Notes, the Reg S Global Note
Certificates;

"Completion Event" means a Perfection Event;

"Conditions" or "Terms and Conditions" means, in relation to any Notes issued
by any Issuer, the terms and conditions to be endorsed on (or incorporated by
reference into) such Notes in the form or substantially in the form scheduled
to the Issuer Trust Deed entered into by such Issuer with the applicable Note
Trustee, and any reference to a numbered Condition shall be construed
accordingly as modified and supplemented (in the case of any Notes issued by
the Master Issuer) by the Final Terms applicable to such Series and Class of
Notes, in each case as from time to time modified in accordance with the
provisions of the applicable Issuer Trust Deed;

"Connection Conditions" means the Mortgage Conditions of the Seller identified
as Connection Conditions;

"Connection Interest Rate" means the rate or rates of interest which are
applicable to, amongst other things, a Together Connections Mortgage Loan and
a Connections Mortgage Loan, and is calculated in accordance with the Together
Connection Conditions and the Connection Conditions, respectively;

"Connections Benefit" means the amount by which:

(a)   the interest that would be payable on the Connections Debit Balance at
      the Connection Interest Rate exceeds:

(b)   the interest at the Connection Interest Rate that would be payable on
      the amount by which the Connections Debit Balance exceeds the
      Connections Combined Credit Balance;

                                      16
<PAGE>

"Connections Combined Credit Balance" means the average monthly cleared credit
balance in a Borrower's linked Save Direct deposit account (a deposit account
operated by a dedicated savings division of the Seller) and/or current account
with the Seller;

"Connections Debit Balance" means the outstanding balance on a Connections
Mortgage Loan from which the Connections Combined Credit Balance is deducted
in calculating the Connections Benefit;

"Connections Mortgage Loan" means a type of Flexible Mortgage Loan which has
the same basic features as a Together Connections Mortgage Loan but without
the facility for an unsecured loan or credit card;

"Contingency Insurance Policy" means the contingency insurance policy
identified in paragraph 2(d) of Schedule 4 (Insurance Contracts) to the
Mortgage Sale Agreement and any endorsements or extensions thereto as issued
from time to time and any additional, replacement or substitute contingency
insurance policy which relates to Mortgage Loans in the Mortgages Portfolio
from time to time;

"Contributions" means the consideration in the form of cash provided to the
Mortgages Trustee by any Beneficiary in respect of the share of such
Beneficiary in the Trust Property under the Mortgages Trust Deed, being any of
an Initial Contribution, a Further Contribution or a Deferred Contribution;

"Contribution Date" means any date on which Funding or Funding 2 makes a
Further Contribution to the Mortgage Trustee in connection with the purchase
of an increased beneficial interest in the Trust Property, on which date the
Mortgages Trustee will pay to the Seller or to Funding a Special Distribution
which is funded by such Further Contribution;

"Contributions Ledger" means the ledger created to record (i) the making by
Funding and Funding 2 of Contributions to the Mortgages Trustee pursuant to
the Mortgages Trust Deed (ii) the making by the Seller of Contributions to the
Mortgages Trustee pursuant to the Mortgages Trust Deed (iii) the payment by
the Mortgages Trustee to the Seller of either (a) amounts of Initial Purchase
Price for the sale of any New Mortgage Portfolio which is acquired by the
Mortgages Trustee from the Seller under the provisions of Mortgage Sale
Agreement (b) amounts of Deferred Purchase Price in accordance with the
Mortgage Sale Agreement and (iv) the payment by the Mortgages Trustee to the
Seller or to Funding of any Special Distribution in accordance with the
Mortgages Trust Deed;

"Contributions" means the consideration in the form of cash provided to the
Mortgages Trustee by any Beneficiary in respect of the share of such
Beneficiary in the Trust Property under the Mortgages Trust Deed, being any of
an Initial Contribution, a Further Contribution or a Deferred Contribution;

"Controlled Amortisation Amount" means on any Payment Date prior to the
occurrence of a Trigger Event or enforcement of the Issuer Security:

(a)   in relation to any Note or class of Notes issued by a Funding Issuer
      which is a Controlled Amortisation Note, the maximum aggregate principal
      amount which may be repaid by such Funding Issuer to the relevant
      Noteholder or Noteholders of such class on such Payment Date in
      accordance with the relevant Conditions and the Issuer Cash Management
      Agreement of such Funding Issuer; or

(b)   in relation to the Intercompany Loan of any Funding Issuer, the maximum
      aggregate principal amount which may be repaid by Funding to such
      Funding Issuer in respect of such Intercompany Loan on such Payment Date
      (which will be equal to the aggregate of the

                                      17
<PAGE>

      Controlled Amortisation Amounts due on such Payment Date under the Notes
      issued by such Issuer);

"Controlled Amortisation Instalment" means, in relation to a Funding 2 Issuer,
for any Series and Class of Notes issued by such Issuer which are Controlled
Amortisation Notes, on any Payment Date before the occurrence of a Trigger
Event or the enforcement of the Issuer Security (in respect of such Issuer),
the maximum aggregate principal amount which may be repaid by such Issuer to
the relevant Noteholder or Noteholders of such Notes on that Payment Date in
accordance with the terms and conditions of such Notes;

"Controlled Amortisation Notes" means, in relation to: (a) any Funding Issuer,
any Note issued by such Funding Issuer pursuant to which prior to the
occurrence of a Trigger Event or enforcement of the applicable Issuer
Security, the Conditions of such Notes impose a limit on the amount of
principal which may be repaid by such Funding Issuer to the relevant
Noteholder in respect of such Note on any Payment Date; and (b) a Funding 2
Issuer, any Series and Class of Notes issued by such Funding 2 Issuer, the
conditions of which impose a limit on the amount of principal which may be
repaid on such Notes on each Controlled Redemption Date for such Notes.
Controlled Amortisation Notes issued by a Funding 2 Issuer will be deemed to
be Pass-Through Notes if:

(a)   a date specified in relation to the same in the applicable Note
      Supplement occurs;

(b)   a Pass-Through Trigger Event occurs; or

(c)   the Step-Up Date (if any) in relation to such Notes occurs;

"Controlled Redemption Dates" for any Series and Class of Controlled
Amortisation Notes means the Monthly Payment Dates specified as such for such
Series and Class of Notes in the applicable Final Terms;

"Controlled Repayment Date" means, for any Controlled Repayment Loan Tranche
the Monthly Payment Dates specified as such for such Loan Tranche in the
applicable Loan Tranche Supplement;

"Controlled Repayment Loan Amount" means, in relation to Funding 2, for any
Controlled Repayment Loan Tranche, on any Controlled Repayment Date before the
occurrence of a Trigger Event or the enforcement of the Funding 2 Security,
the maximum aggregate principal amount which may be repaid by Funding 2 to the
relevant Funding 2 Issuer on that Controlled Repayment Date;

"Controlled Repayment Loan Tranche" means, in relation to Funding 2, any Loan
Tranche which by its terms imposes a limit on the amount of principal which
may be repaid on such Loan Tranche on any Controlled Repayment Date.
Controlled Repayment Loan Tranches will be deemed to be Pass-Through Loan
Tranches if:

(a)   a date specified in relation to the same in the applicable Loan Tranche
      Supplement occurs;

(b)   a Pass-Through Trigger Event occurs; or

(c)   the Step-Up Date (if any) in relation to such Loan Tranche occurs;

"Controlled Repayment Requirement" means, in relation to Funding 2, on a Trust
Determination Date, the amount required by Funding 2 to repay each Controlled
Repayment Loan Amount which is scheduled to be repaid on any of the three
Monthly Payment Dates immediately following such Trust Determination Date
(after taking into account amounts standing to the credit of the Funding 2
Principal Ledger on such Trust Determination Date which are available
therefor);

                                      18
<PAGE>

"Controlling Beneficiary Deed" means the deed entered into on or about the
Funding 2 Programme Date between the Mortgages Trustee, Funding, Funding 2,
the Security Trustee, the Funding 2 Security Trustee, the Issuer Security
Trustees, the Note Trustee and the Seller;

"Controlling Directions" means:

(a)   in respect of the Funding Beneficiaries, in all cases, the Funding
      Beneficiary representing the Issuer(s) with the highest ranking class of
      Notes then outstanding, and if each Funding Beneficiary represents
      Issuers with the same class as their highest ranking class, the Funding
      Beneficiary representing the Issuer(s) with the greatest Principal
      Amount Outstanding of the highest ranking class of Notes.

(b)   in respect of the Funding Security Trustees in all cases, the directions
      of:

      (i)   in relation to the Funding Issuers, the Note Trustee(s) for the
            holders of the highest ranking class of Notes outstanding; and

      (ii)  in relation to the Funding 2 Issuers, the Issuer Security Trustees
            for the holders of the highest ranking class of Notes outstanding,

         and if there is any conflict between the Controlling Directions, due
         to two or more Issuers (for the purposes of this paragraph, being any
         of the Funding Issuers and the Funding 2 Issuers) having Notes of the
         same class as their highest ranking class, the directions from the
         Note Trustee(s) or Issuer Security Trustee(s), as applicable, for the
         holders of the greatest aggregate Principal Amount Outstanding of the
         highest ranking class of Notes will prevail.

For the purposes of (a) and (b):

(1)   a Funding Beneficiary will be treated as "representing" an Issuer in
      circumstances where the Funding Beneficiary is the debtor under the
      terms of an Intercompany Loan Agreement between the Issuer and that
      Funding Beneficiary;

(2)   all denominations of the principal amount outstanding of any Note shall
      be calculated in Sterling and where the principal amount outstanding of
      any Note of any Funding Issuer or any Funding 2 Issuer is not
      denominated in Sterling, it shall be converted into Sterling (in
      relation to the Funding Issuers) at the rate specified in the Currency
      Swap Agreement applicable to such Note and (in relation to the Funding 2
      Issuers) at the rate specified in the Issuer Swap Agreement applicable
      to such Note; and

(3)   the highest ranking class of notes outstanding shall mean:

      (A)   in relation to the Funding Issuers, the Class A Notes (for so long
            as there are Class A Notes outstanding), the Class B Notes (so
            long as there are no Class A Notes outstanding), the Class M Notes
            (so long as there are neither Class A Notes nor Class B Notes
            outstanding) or the Class C Notes (so long as there are neither
            Class A Notes, Class B Notes nor Class M Notes outstanding); and

      (B)   in relation to the Funding 2 Issuers, the Class A Notes (for so
            long as there are Class A Notes outstanding), the Class B Notes
            (so long as there are no Class A Notes outstanding), the Class M
            Notes (so long as there are neither Class A Notes nor Class B
            Notes outstanding), the Class C Notes (so long as there are
            neither Class A Notes, Class B Notes nor Class M Notes
            outstanding) or the Class D Notes (so long as there

                                      19
<PAGE>

            are neither Class A Notes, Class B Notes, Class M Notes nor Class
            C Notes outstanding);

"Corporate Services Agreement" means:

(a)   in relation to any Funding Issuer, the corporate services agreement
      entered into on or before the Closing Date of the issue of the relevant
      Notes among, inter alios, the relevant Corporate Services Provider,
      Holdings, the Post-Enforcement Call Option Holder and such Funding
      Issuer, for the provision by the Corporate Services Provider of certain
      corporate services;

(b)   in relation to Funding 2 and the Master Issuer, the corporate services
      agreement entered into on or before the Funding 2 Programme Date among,
      inter alios, the relevant Corporate Services Provider, Holdings, the
      Post-Enforcement Call Option Holder, Funding 2 and the Master Issuer,
      for the provision by the Corporate Services Provider of certain
      corporate services; and

(c)   in relation to Funding and the Mortgages Trustee, the corporate services
      agreement entered into on or before the Initial Closing Date between the
      relevant Corporate Services Provider and the Mortgages Trustee (as the
      case may be) for the provision by the relevant Corporate Services
      Provider of certain corporate services with respect to Funding and
      Mortgages Trustee,

and shall, in each case, include any additional and/or replacement corporate
services agreement entered into by such parties from time to time in
accordance with the Transaction Documents;

"Corporate Services Provider" means in relation to Funding 2 and any Issuer,
Law Debenture Corporate Services Limited, and in relation to Funding and the
Mortgages Trustee, Mourant & Co. Limited, or any other person or persons for
the time being acting as corporate services provider under the relevant
Corporate Services Agreement;

"CPR" means, unless otherwise defined in the text of the relevant Transaction
Document, the constant rate of scheduled and unscheduled repayments on the
Mortgage Loans in the Mortgage Portfolio each month relative to the aggregate
principal amount outstanding of such Mortgage Loans;

"Credit Support Annex" means, in relation to the Funding 2 Basis Rate Swap
Agreement, the 1995 Credit Support Annex (Bilateral Form-Transfer) between
Funding 2 and the Funding Basis Rate Swap Provider and, in relation to an
Issuer Swap Agreement, means the 1995 Credit Support Annex (Bilateral
Form-Transfer) between the Issuer and the applicable Issuer Swap Provider;

"Currency Swap Agreement" means, for any Issuer, the ISDA Master Agreement(s),
Schedule(s), Confirmation(s) and any credit support documents thereto entered
into among such Issuer, the relevant Currency Swap Provider, the Note Trustee
and any credit support provider, as may be amended, restated, novated, varied
or supplemented from time to time and shall include any additional and/or
replacement currency swap agreement entered into by such Issuer from time to
time in connection with the Notes issued by such Issuer;

"Currency Swap Provider" means in relation to any Issuer the swap counterparty
to such Issuer under any relevant Currency Swap Agreement of such Issuer;

"Currency Swap Provider Default" means the occurrence of an Event of Default
or a Downgrade Termination Event (as defined in the relevant Currency Swap
Agreement) under a Currency Swap

                                      20
<PAGE>

Agreement where the Currency Swap Provider is the Defaulting Party or the
Affected Party (each as defined in the relevant Currency Swap Agreement);

"Current Balance" means in relation to any Mortgage Loan as at any given date,
the aggregate (but avoiding double counting) of:

(a)   the original principal amount advanced to the relevant Borrower and any
      Further Advances on or before the given date to the relevant Borrower
      secured or intended to be secured by the related Mortgage;

(b)   the amount of any Re-Draw under any Flexible Mortgage Loan or of any
      Further Draw under a Personal Secured Loan secured or intended to be
      secured by the related Mortgage;

(c)   any interest, disbursement, legal expense, fee, charge, rent, service
      charge, premium or payment which has been properly capitalised in
      accordance with the relevant Mortgage Conditions or with the relevant
      Borrower's consent and added to the amounts secured or intended to be
      secured by such Mortgage Loan (including interest capitalised on any
      Re-Draw under a Flexible Mortgage Loan); and

(d)   any other amount (other than unpaid interest) which is due or accrued
      (whether or not due) and which has not been paid by the relevant
      Borrower and has not been capitalised in accordance with the relevant
      Mortgage Conditions or with the relevant Borrower's consent but which is
      secured or intended to be secured by that Mortgage Loan, as at the end
      of the London Business Day immediately preceding that given date less
      any repayment or payment of any of the foregoing made on or before the
      end of the London Business Day immediately preceding that given date and
      excluding any retentions made but not released and any Further Advances
      and/or Further Draws committed to be made but not made by the end of the
      London Business Day immediately preceding that given date;

"Current Funding Share" means the amount of Trust Property beneficially owned
by Funding from time to time, as determined in accordance with Clause 8
(Adjustment of Funding Share Percentage, Funding 2 Share Percentage and Seller
Share Percentage) of the Mortgages Trust Deed;

"Current Funding Share Percentage" means the percentage share of Funding in
the Trust Property from time to time, as determined in accordance with Clause
8 (Adjustment of Funding Share Percentage, Funding 2 Share Percentage and
Seller Share Percentage) of the Mortgages Trust Deed;

"Current Funding 2 Share Percentage" means the percentage share of Funding 2
in the Trust Property from time to time, as determined in accordance with
Clause 8 (Adjustment of Funding Share Percentage, Funding 2 Share Percentage
and Seller Share Percentage) of the Mortgages Trust Deed;

"Current Funding 2 Share" means the amount of Trust Property beneficially
owned by Funding 2 from time to time, as determined in accordance with Clause
8 (Adjustment of Funding Share Percentage, Funding 2 Share Percentage and
Seller Share Percentage) of the Mortgages Trust Deed;

"Current Issuer Available Principal Receipts", with respect to any Funding
Issuer (other than the First Issuer, the Second Issuer and the Third Issuer),
has the meaning given to such term in the Issuer Master Definitions Schedule
relating to such Funding Issuer, and with respect to any Funding 2 Issuer, has
the meaning given to such term in the Issuer Master Definitions Schedule
relating to such Funding 2 Issuer;

                                      21
<PAGE>

"Current Issuer Available Revenue Receipts", with respect to any Funding
Issuer (other than the First Issuer, the Second Issuer and the Third Issuer),
has the meaning given to such term in the Issuer Master Definitions Schedule
relating to such Funding Issuer, and with respect to any Funding 2 Issuer, has
the meaning given to such term in the Issuer Master Definitions Schedule
relating to such Funding 2 Issuer;

"Current Issuer Bank Account Agreement", with respect to any Funding Issuer
(other than the First Issuer, the Second Issuer and the Third Issuer), has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding Issuer, and with respect to any Funding 2 Issuer, has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding 2 Issuer;

"Current Issuer Bank Accounts", with respect to any Funding Issuer (other than
the First Issuer, the Second Issuer and the Third Issuer), has the meaning
given to such term in the Issuer Master Definitions Schedule relating to such
Funding Issuer, and with respect to any Funding 2 Issuer, has the meaning
given to such term in the Issuer Master Definitions Schedule relating to such
Funding 2 Issuer;

"Current Issuer Cash Management Agreement", with respect to any Funding Issuer
(other than the First Issuer, the Second Issuer and the Third Issuer), has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding Issuer, and with respect to any Funding 2 Issuer, has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding 2 Issuer;

"Current Issuer Liquidity Reserve Fund", with respect to any Funding Issuer
(other than the First Issuer, the Second Issuer and the Third Issuer), has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding Issuer;

"Current Issuer Liquidity Reserve Ledger", with respect to any Funding Issuer
(other than the First Issuer, the Second Issuer and the Third Issuer), has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding Issuer;

"Current Issuer Post-Enforcement Priority of Payments", in respect of any
Funding Issuer (other than the First Issuer, the Second Issuer and the Third
Issuer), has the meaning given to such term in the Issuer Master Definitions
Schedule relating to such Funding Issuer, and in respect of any Funding 2
Issuer, has the meaning given to such term in the Issuer Master Definitions
Schedule relating to such Funding 2 Issuer;

"Current Issuer Pre-Enforcement Principal Priority of Payments", with respect
to any Funding Issuer (other than the First Issuer, the Second Issuer and the
Third Issuer), has the meaning given to such term in the Issuer Master
Definitions Schedule relating to such Funding Issuer, and in respect of any
Funding 2 Issuer, has the meaning given to such term in the Issuer Master
Definitions Schedule relating to such Funding 2 Issuer;

"Current Issuer Pre-Enforcement Priority of Payments", in respect of any
Funding Issuer (other than the First Issuer, the Second Issuer and the Third
Issuer), has the meaning given to such term in the Issuer Master Definitions
Schedule relating to such Funding Issuer, and in respect of any Funding 2
Issuer, has the meaning given to such term in the Issuer Master Definitions
Schedule relating to such Funding 2 Issuer;

                                      22
<PAGE>

"Current Issuer Pre-Enforcement Revenue Priority of Payments", in respect of
any Funding Issuer (other than the First Issuer, the Second Issuer and the
Third Issuer), has the meaning given to such term in the Issuer Master
Definitions Schedule relating to such Funding Issuer, and in respect of any
Funding 2 Issuer, has the meaning given to such term in the Issuer Master
Definitions Schedule relating to such Funding 2 Issuer;

"Current Issuer Reserve Fund", in respect of any Funding Issuer (other than
the First Issuer and the Second Issuer), has the meaning given to such term in
the Issuer Master Definitions Schedule relating to such Funding Issuer, and in
respect of any Funding 2 Issuer, has the meaning given to such term in the
Issuer Master Definitions Schedule relating to relating to such Funding 2
Issuer;

"Current Issuer Reserve Fund Ledger", in respect of any Funding Issuer (other
than the First Issuer and the Second Issuer), has the meaning given to such
term in the Issuer Master Definitions Schedule relating to such Funding
Issuer, and in respect of any Funding 2 Issuer, has the meaning given to such
term in the Issuer Master Definitions Schedule relating to relating to such
Funding 2 Issuer;

"Current Issuer Reserve Required Amount" in respect of any Funding Issuer
(other than the First Issuer and the Second Issuer), has the meaning given to
such term in the Issuer Master Definitions Schedule relating to such Funding
Issuer, and in respect of any Funding 2 Issuer, has the meaning given to such
term in the Issuer Master Definitions Schedule relating to such Funding
Issuer;

"Current Issuer Secured Creditors" in respect of Funding Issuers, in relation
to any New Issuer, has the meaning given to such term in the Issuer Master
Definitions Schedule relating to that New Issuer;

"Current Issuer Transaction Accounts" in respect of any Issuer (other than the
First Issuer, the Second Issuer and the Third Issuer), has the meaning given
to such term in the Issuer Master Definitions Schedule relating to that
Issuer;

"Current Issuer Transaction Accounts" in respect of any Funding Issuer (other
than the First Issuer, the Second Issuer and the Third Issuer), has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding Issuer, and in respect of any Funding 2 Issuer, has the
meaning given to such term in the Issuer Master Definitions Schedule relating
to such Funding 2 Issuer;

"Current Seller Share Percentage" means the percentage share of the Seller in
the Trust Property from time to time as determined in accordance with Clause 8
(Adjustment of Funding Share Percentage, Funding 2 Share Percentage and Seller
Share Percentage) of the Mortgages Trust Deed;

"Current Seller Share" means the amount of Trust Property beneficially owned
by the Seller from time to time, as determined in accordance with Clause 8
(Adjustment of Funding Share Percentage, Funding 2 Share Percentage and Seller
Share Percentage) of the Mortgages Trust Deed;

"Dealers" means Barclays Bank PLC, Citigroup Global Markets Limited and
Merrill Lynch International and any other dealers appointed from time to time
in accordance with the Programme Agreement;

"Deed of Accession" means:

(a)   in relation to Funding and the Funding Deed of Charge, a deed executed
      by, inter alios, Funding, the Security Trustee and the Note Trustee and
      any New Funding Secured Creditor in the form set out in Schedule 2 to
      the Funding Deed of Charge or any other form of deed as agreed between
      the parties;

                                      23
<PAGE>

(b)   in relation to Funding 2 and the Funding 2 Deed of Charge, a deed
      executed by, inter alios, Funding 2, the Funding 2 Security Trustee and
      the Issuer Security Trustee in respect of each Funding 2 Issuer and any
      New Funding 2 Secured Creditor in the form set out in Schedule 2 to the
      Funding 2 Deed of Charge or any other form of deed as agreed between the
      parties;

(c)   in relation to a Funding 2 Issuer and the applicable Issuer Deed of
      Charge, a deed of execution by, inter alios, such Funding 2 Issuer and
      the Issuer Security Trustee and any New Issuer Secured Creditor in
      respect of such Funding 2 Issuer in the form set out in the applicable
      Issuer Deed of Charge or any other form of deed as agreed between the
      parties;

"Deed of Consent" means a deed whereby a person in or intended to be in
occupation of a Mortgaged Property agrees with the Seller to postpone his or
her interest (if any) in the Mortgaged Property so that it ranks after the
interest of the Seller created by the relevant Mortgage;

"Deed of Postponement" means a deed whereby a Mortgagee of a Mortgaged
Property agrees with the Seller to postpone its Mortgage over the Mortgaged
Property so that the sums secured by it will rank for repayment after the sums
secured by the relevant Mortgage;

"Deferred Contribution" means:

(a)   the consideration in the form of cash payable by Funding to the
      Mortgages Trustee from time to time in respect of the Funding Share of
      the Trust Property pursuant to and in accordance with the Mortgages
      Trust Deed and/or the Funding Deed of Charge including, for the
      avoidance of doubt, the Funding Final Deferred Contribution; and

(b)   the consideration in the form of cash payable by Funding 2 to the
      Mortgages Trustee from time to time in respect of the Funding 2 Share of
      the Trust Property pursuant to and in accordance with the Mortgages
      Trust Deed and/or the Funding 2 Deed of Charge including, for the
      avoidance of doubt, the Funding 2 Final Deferred Contribution,

which Contributions will fund the payment to the Seller by the Mortgages
Trustee of amounts of Deferred Purchase Price payable by the Mortgages Trustee
to the Seller from time to time pursuant to and in accordance with the
Mortgage Sale Agreement;

"Deferred Purchase Price" means that portion of the Purchase Price for the
sale and assignment of the Initial Mortgage Portfolio or of any New Mortgage
Portfolio sold and assigned to the Mortgages Trustee which is not paid to the
Seller, in the case of the Initial Mortgage Portfolio, on the Initial Closing
Date or, in the case of any New Mortgage Portfolio, on the relevant Assignment
Date and which is to be paid by the Mortgages Trustee to the Seller from time
to time from Deferred Contributions received by the Mortgages Trustee from
Funding and from Funding 2 and otherwise in accordance with the Mortgage Sale
Agreement;

"Direct Debit" means a payment made pursuant to the Direct Debiting Scheme;

"Direct Debiting Scheme" means the scheme for the manual or automated debiting
of bank accounts operated in accordance with the detailed rules of certain
members of the Association for Payment Clearing Services;

"Distribution Date" means the date on which the Mortgages Trust terminates and
the London Business Day as determined by the Cash Manager falling no later
than 6 Business Days after each Trust Determination Date;

                                      24
<PAGE>

"Distribution Period" means the period from, and including, a Distribution
Date to, but excluding, the next following Distribution Date or, in relation
to the first Distribution Period, the period from and including the relevant
Closing Date to, but excluding, the first Distribution Date;

"DTC" means The Depository Trust Company;

"Early Repayment Charge Receipts" means an amount equal to sums received by
the Mortgages Trustee from time to time in respect of Early Repayment Charges;

"Early Repayment Charge" means any charge or fee which the Mortgage Conditions
applicable to a Mortgage Loan require the relevant Borrower to pay in the
event that all or part of that Mortgage Loan is repaid before a certain date,
including without limitation repayment of any "cashback";

"EBRR" has the meaning given to such term in Clause 4.4(c) of the
Administration Agreement;

"Encumbrance" has the same meaning as "Security Interest";

"Enforcement Procedures" means the procedures for the enforcement of Mortgages
undertaken by the Administrator from time to time in accordance with the
Administration Procedures;

"English Mortgage Loan" means a Mortgage Loan secured by an English Mortgage;

"English Mortgage" means, in respect of any Mortgage Loan in the Mortgage
Portfolio, a Mortgage secured over an English Property;

"English Property" means a Mortgaged Property situated in England or Wales;

"EU Regulation" means Council regulation (EC) No. 1346/2000 of 29 May 2000 on
Insolvency Proceedings;

"Euroclear" means Euroclear Bank S.A./N.V., as operator of the Euroclear System;

"Event of Default" means, as the context requires, a Funding Event of Default
and/or a Funding 2 Event of Default;

"Exchange Act" means the United States Securities Exchange Act of 1934, as
amended;

"Existing Borrower's Re-Fix Rate" means at any date the fixed rate then being
offered to those of the Seller's existing Borrowers who at that date are
seeking to fix the rate of interest payable under their existing Fixed Rate
Mortgage Loan with the Seller for the applicable period;

"Final Deferred Contribution" means, as applicable, the Funding Final Deferred
Contribution and/or the Funding 2 Final Deferred Contribution;

"Final Maturity Date" means, in respect of any Series and Class of Notes, the
date specified for such Series and Class of Notes in the related Note
Supplement;

"Final Repayment Date" means:

(a)   in respect of the First Issuer Intercompany Loan, the Payment Date
      falling in January, 2041 and in relation to any New Intercompany Loan
      relating to a Funding Issuer the date specified under the relevant
      Issuer Transaction Documents and as defined in the relevant Issuer
      Master Definitions Schedule; or

(b)   in relation to any Loan Tranche under a Funding 2 Intercompany Loan
      Agreement between Funding 2 and a Funding 2 Issuer, the date identified
      as such for that Loan Tranche in the related Loan Tranche Supplement;

                                      25
<PAGE>

"Final Terms" means, in relation to any Series and Class of Notes issued by a
Funding 2 Issuer, the final terms issued in relation to such Series and Class
of Notes giving details of, inter alia, the amount and price of such Series of
Notes and which, together with the Base Prospectus, forms part of the Reg S
Prospectus in relation to such Series of Notes;

"Financial Period" means a Financial Year or any other period in respect of
which accounts are required to be prepared and certified by the auditors of
the relevant company to enable it to comply with all relevant legal and
accounting requirements and all requirements of any stock exchange on which
any securities of the company are listed;

"First Issuer" means Granite Mortgages 01-1 plc;

"First Issuer Available Principal Receipts" has the meaning given to such term
in the First Issuer Master Definitions Schedule;

"First Issuer Available Revenue Receipts" has the meaning given to such term
in the First Issuer Master Definitions Schedule;

"First Issuer Bank Account Agreement" has the meaning given to such term in
the First Issuer Master Definitions Schedule;

"First Issuer Bank Accounts" has the meaning given to such term in the First
Issuer Master Definitions Schedule;

"First Issuer Basis Rate Swap" has the meaning given to such term in the First
Issuer Master Definitions Schedule;

"First Issuer Basis Rate Swap Agreement" has the meaning given to such term in
the First Issuer Master Definitions Schedule;

"First Issuer Cash Management Agreement" has the meaning given to such term in
the First Issuer Master Definitions Schedule;

"First Issuer Cash Manager" has the meaning given to such term in the First
Issuer Master Definitions Schedule;

"First Issuer Deed of Charge" has the meaning given to such term in the First
Issuer Master Definitions Schedule;

"First Issuer Intercompany Loan" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Intercompany Loan Agreement" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Intercompany Loan Event of Default" has the meaning given to such term
in the First Issuer Master Definitions Schedule;

"First Issuer Liquidity Reserve Fund" has the meaning given to such term in
the First Issuer Master Definitions Schedule;

"First Issuer Liquidity Reserve Ledger" has the meaning given to such term in
the First Issuer Master Definitions Schedule;

"First Issuer Liquidity Reserve Required Amount" has the meaning given to such
term in the Issuer Master Definitions Schedule relating to the First Issuer;

                                      26
<PAGE>

"First Issuer Master Definitions Schedule" means, in respect of the First
Issuer, the master definitions schedule signed for the purposes of
identification by Sidley Austin Brown & Wood and Clifford Chance LLP on the
Initial Closing Date (as amended, varied or supplemented from time to time);

"First Issuer Note Event of Default" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Issuer Notes" has the meaning given to such term in the First Issuer
Master Definitions Schedule;

"First Issuer Paying Agent and Agent Bank Agreement" has the meaning given to
such term in the First Issuer
Master Definitions Schedule;

"First Issuer Post-Enforcement Priority of Payments" has the meaning given to
such term in the First Issuer Master Definitions Schedule;

"First Issuer Pre-Enforcement Priority of Payments" has the meaning given to
such term in the First Issuer Master Definitions Schedule;

"First Issuer Pre-Enforcement Principal Priority of Payments" has the meaning
given to such term in the First Issuer Master Definitions Schedule;

"First Issuer Pre-Enforcement Revenue Priority of Payments" has the meaning
given to such term in the First Issuer Master Definitions Schedule;

"First Issuer Reserve Fund" has the meaning given to such term in the First
Issuer Master Definitions Schedule;

"First Issuer Reserve Fund Ledger" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Issuer Reserve Required Amount" has the meaning given to such term in
the First Issuer Master
Definitions Schedule;

"First Issuer Secured Creditors" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Issuer Security" has the meaning given to such term in the First Issuer
Master Definitions Schedule;

"First Issuer Transaction Accounts" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Issuer Transaction Documents" has the meaning given to such term in the
First Issuer Master Definitions Schedule;

"First Issuer Trust Deed" has the meaning given to such term in the First
Issuer Master Definitions Schedule;

"Fitch" means Fitch Ratings Limited and includes any successor to its ratings
business;

"Fixed Rate Note" means a Note, the interest basis of which is specified in
the applicable Final Terms as being fixed rate;

"Fixed Rate Mortgage Loan" means a Mortgage Loan which is subject to a fixed
rate of interest set by reference to a predetermined rate or series of rates
for a fixed period or periods;

                                      27
<PAGE>

"Fixed Rate Period" means, in relation to any Fixed Rate Mortgage Loan or
other Mortgage Loan offered with a fixed rate, the period agreed between the
Borrower and the Seller or Administrator (as applicable) as set out under the
terms and conditions of such Mortgage Loan during which the interest rate
applicable to such Mortgage Loan will remain fixed;

"Flexible Cash Re-Draw Capacity" has the meaning given to it in Clause 9.2
(Fluctuation of Minimum Seller Share on each Distribution Date) of the
Mortgages Trust Deed;

"Flexible Mortgage Loan" means a type of Mortgage Loan (other than a Personal
Secured Loan) product that typically incorporates features that give the
Borrower options (which may be subject to certain conditions) to, among other
things, make further drawings on the mortgage loan account and/or to overpay
or underpay interest and principal in a given month and/or to take a Payment
Holiday;

"Flexible Overpayments Sub Ledger" means the sub-ledger of the Overpayments
Ledger which will be established by the Cash Manager on the Initial Closing
Date in order to record any Overpayments made on Flexible Mortgage Loans;

"FSMA" means the Financial Services and Markets Act 2000, as amended;

"Full Repayment Amount" means the proceeds of a Loan Tranche which is to be
used to refinance another Loan Tranche;

"Funding 2" means Granite Finance Funding 2 Limited, a private limited company
incorporated in England and Wales with registered number 05249387;

"Funding 2 Available Principal Receipts" in respect of a Monthly Payment Date
will be calculated by the Cash Manager or otherwise on behalf of Funding 2
(or, following enforcement of the Funding 2 Security, the Funding 2 Security
Trustee) on the Distribution Date immediately preceding the relevant Monthly
Payment Date and will be an amount equal to the sum of:

(a)   all Funding 2 Principal Receipts standing to the credit of the Funding 2
      Cash Accumulation Ledger which are to be applied on the relevant Monthly
      Payment Date to repay a Bullet Repayment Loan Amount or to make a
      payment under items (A), (B) or (C) of the Funding 2 Pre-enforcement
      Principal Priority of Payments and, if such Monthly Payment Date occurs
      on or after a Trigger Event or enforcement of the Issuer Security, the
      remainder of such receipts standing to the credit of the Funding 2 Cash
      Accumulation Ledger;

(b)   all other Mortgages Trustee Principal Receipts received by Funding 2
      from the Mortgages Trustee which are to be applied on the relevant
      Monthly Payment Date to repay a Scheduled Repayment Loan Instalment, a
      Controlled Repayment Loan Amount or a Principal Amount repayable in
      respect of a Pass-Through Loan Tranche standing to the credit of the
      Funding 2 Principal Ledger;

(c)   the amounts, if any, credited to the Principal Deficiency Ledger
      pursuant to items (I), (L), (N), (P) and (R) of the Funding 2
      Pre-Enforcement Revenue Priority of Payments;

(d)   in so far as needed to make a Funding 2 Reserve Principal Payment, any
      amount available to be drawn under the Funding 2 Reserve Fund less any
      amounts applied or to be applied on the relevant Monthly Payment Date in
      payment of interest and expenses under the Funding 2 Pre-Enforcement
      Revenue Priority of Payments, plus any amounts to be credited to the
      Funding 2 Reserve Ledger on the relevant Monthly Payment Date;

                                      28
<PAGE>

(e)   in so far as needed to make a Funding 2 liquidity reserve principal
      payment, any amount available to be drawn under the Funding 2 Liquidity
      Reserve Fund less any amounts applied or to be applied on the relevant
      Monthly Payment Date in payment of interest and expenses under the
      Funding 2 Pre-Enforcement Revenue Priority of Payments, plus any amounts
      to be credited to the Funding 2 Liquidity Reserve Ledger on the relevant
      Monthly Payment Date;

(f)   in so far as needed, any amount available to be drawn under the Funding
      2 Liquidity Facility to make a Funding 2 Liquidity Facility Principal
      Payment;

less

(g)   amounts to be applied on the relevant Monthly Payment Date to any items
      (H), (J), (M), (O) and (Q) of the Funding 2 Pre-Enforcement Revenue
      Priority Payments.

"Funding 2 Available Revenue Receipts" in respect of any Monthly Payment Date
will be calculated by the Cash Manager on the Distribution Date immediately
preceding such Payment Date and will be an amount equal to the sum of:

(a)   all Mortgages Trustee Available Revenue Receipts distributed to Funding
      2 during the Interest Period ending on the relevant Monthly Payment
      Date;

(b)   other net income of Funding 2 including all amounts of interest received
      on the Funding 2 GIC Account and the Funding 2 Transaction Account,
      and/or all income from Funding 2's Authorised Investments, on the
      Distribution Date(s) during the Interest Period ending on such Monthly
      Payment Date, in each case to be received on or prior to such Monthly
      Payment Date; and

(c)   amounts received from the Funding 2 Basis Rate Swap Provider under the
      Funding 2 Basis Rate Swap Agreement (excluding Swap Collateral standing
      to the credit of the Funding 2 Swap Collateral Accounts) including any
      Swap Termination Payments (other than such Swap Termination Payments
      applied or to be applied by Funding 2 in the purchase of one or more
      replacement hedging transactions) recovered by Funding 2 under the
      Funding 2 Basis Rate Swap Agreement;

(d)   (only to the extent required after making the calculation set out in
      Rule 2 under the heading "Rules for Application of Funding 2 Principal
      Receipts" in Part II to Schedule 3 of the Funding 2 Deed of Charge the
      aggregate of amounts standing to the credit of the Funding 2 Principal
      Ledger or the Funding 2 Cash Accumulation Ledger (as applicable) which
      are to be applied on the relevant payment date to pay items (H), (J),
      (M), (O), and (Q) of the Funding 2 Pre-Enforcement Revenue Priority of
      Payments;

(e)   the amounts available to be drawn under the Funding 2 Reserve Fund,
      subject to any limits or conditions on the purposes for which the
      Funding 2 Reserve Fund may be utilised; and

(f)   the amounts available to be drawn under the Funding 2 Liquidity Reserve
      Fund, if any, subject to any limits or conditions on the purposes for
      which the Funding 2 Liquidity Reserve Fund may be utilised.

(g)   in so far as is needed, any amount available to be drawn under the
      Funding 2 Liquidity Facility, if any, for the payment of interest and
      expenses.

                                      29
<PAGE>

"Funding 2 Bank Account Agreement" means the agreement entered into on or
about the Funding 2 Programme Date between the Account Bank, Funding 2 and the
Funding 2 Security Trustee which governs the operation of the Funding 2 Bank
Accounts;

"Funding 2 Bank Accounts" means the Funding 2 GIC Account and the Funding
Transaction Account and each such additional or replacement account in the
name of Funding that may be opened with the prior approval of the Funding 2
Security Trustee after the Funding 2 Programme Date;

"Funding 2 Basis Rate Swap Agreement" means the ISDA Master Agreement,
Schedule and Confirmations thereto each entered into on or about the Funding 2
Programme Date and any Credit Support Annex or other credit support documents
entered into at any time among Funding 2 and the Funding 2 Basis Rate Swap
Provider and/or any credit support provider and shall include any additional
basis rate swap agreement entered into by Funding 2 from time to time in
accordance with the Transaction Documents;

"Funding 2 Basis Rate Swap Excluded Termination Amount" means, in relation to
the Funding 2 Basis Rate Swap Agreement, following the application of all or
part of any Swap Replacement Premium in accordance with Clause 7.8 of the
Funding 2 Deed of Charge and Clause 4.12 of the Cash Management Agreement,
covering an amount equal to any termination payment due and payable to the
Funding 2 Basis Rate Swap Provider as a result of a Swap Provider Default in
respect of the Funding 2 Basis Rate Swap Provider;

"Funding 2 Basis Rate Swap Provider" means Northern Rock and/or, as
applicable, any other basis rate swap provider appointed from time to time by
Funding 2 in accordance with the Transaction Documents;

"Funding 2 Basis Rate Swaps" means the swap transactions as documented under
the Funding 2 Basis Rate Swap Agreement;

"Funding 2 Cash Accumulation Ledger Amount" means, at any time, the amount
standing to the credit of the Funding 2 Cash Accumulation Ledger at that time
(immediately prior to any drawing to be applied on any Payment Date and prior
to any payment under item (I) of the Funding 2 Pre-Enforcement Principal
Priority of Payments);

"Funding 2 Cash Accumulation Ledger" means the ledger on which the Cash
Manager will record the amounts accumulated by Funding 2 to pay Bullet
Repayment Loan Amounts;

"Funding 2 Charged Property" means the property, assets and undertakings of
Funding 2 which from time to time are or are expressed to be mortgaged,
charged, assigned, pledged or otherwise encumbered to, or in favour of the
Funding 2 Security Trustee for itself and for the Funding 2 Secured Creditors
under the Funding 2 Deed of Charge or any other Funding Transaction Document;

"Funding 2 Deed of Charge" means the deed of charge entered into on or about
the Funding 2 Programme Date between Funding 2, the Funding 2 Security
Trustee, the Issuer Security Trustee, Granite Master Issuer plc, the Funding 2
Basis Rate Swap Provider, the Corporate Services Provider, the Account Bank,
the Funding 2 GIC Provider, the Mortgages Trustee and the Cash Manager and the
Schedules thereto and including each Deed of Accession or Accession
Undertaking entered into in connection therewith;

"Funding 2 Event of Default" means, as the context requires, any of the
following:

                                      30
<PAGE>

(a)   in relation to the Notes issued by any Funding 2 Issuer, the occurrence
      a Note Event of Default pursuant to the terms and conditions of such
      Notes;

(b)   in relation to any Funding 2 Intercompany Loan Agreement, the occurrence
      of a Funding 2 Intercompany Loan Event of Default;

"Funding 2 Expense Sub-Ledger" means a sub-ledger of the Funding 2 Revenue
Ledger on which receipts and payments of Funding 2 Revenue Receipts allocable
to the payment of expenses will be recorded by the Cash Manager;

"Funding 2 Final Deferred Contribution" has the meaning given such term in
Clause 4.3(D) of the Mortgages Trust Deed;

"Funding 2 GIC Account Mandate" means the resolutions, instructions and
signature authorities relating to the Funding 2 GIC Account substantially in
the form set out in Schedule 1 to the Funding 2 Bank Account Agreement;

"Funding 2 GIC Account" means the account in the name of Funding 2 (sort code
30-00-59, account number 150858) held at Northern Rock, and maintained subject
to the Funding 2 Guaranteed Investment Contract and the Funding 2 Bank Account
Agreement and such additional or replacement accounts as may for the time
being be in place with the prior consent of the Funding 2 Security Trustee;

"Funding 2 GIC Provider" means, Northern Rock or such other person or persons
as are for the time being the GIC Provider to Funding under the Funding 2
Guaranteed Investment Contract;

"Funding 2 Guaranteed Investment Contract" means the guaranteed investment
contract entered into on or about the Funding 2 Programme Date between Funding
2, the Funding 2 GIC Provider, the Cash Manager and the Funding 2 Security
Trustee under which the Funding 2 GIC Provider agrees to pay Funding 2 a
guaranteed rate of interest on the balance from time to time of the Funding 2
GIC Account and shall include any additional and/or replacement guaranteed
investment contract entered into by Funding 2 in accordance with the
Transaction Documents;

"Funding 2 Intercompany Loan Agreement" means an intercompany loan agreement
entered into between Funding 2 and a Funding 2 Issuer in relation to a Funding
2 Intercompany Loan;

"Funding 2 Intercompany Loan Enforcement Notice" means an enforcement notice
served by the Funding 2 Security Trustee on Funding 2 in relation to the
enforcement of the Funding 2 Security following the occurrence of a Funding 2
Intercompany Loan Event of Default;

"Funding 2 Intercompany Loan Event of Default" means, in relation to the
Global Intercompany Loan Agreement, the occurrence of an event of default
specified as such in Clause 15 (Default) of the Global Intercompany Loan
Agreement, and in relation to any other Funding 2 Intercompany Loan Agreement,
the occurrence of an event of default specified as such in such Funding 2
Intercompany Loan Agreement;

"Funding 2 Intercompany Loan Ledger" means the ledger on which the Cash
Manager will record payments of interest and repayments of principal made
under any Funding 2 Intercompany Loan;

"Funding 2 Intercompany Loan" means a loan (or the aggregate of a number of
separate loans) of the net proceeds of any issue (or all issues) of Notes by a
Funding 2 Issuer, such loan(s) being advanced to Funding 2 by such Funding 2
Issuer pursuant to the terms of a Funding 2 Intercompany Loan Agreement;

                                      31
<PAGE>

"Funding 2 Interest Rate Shortfall" has the meaning given in Clause 4.3(A)(2)
of the Administration Agreement;

"Funding 2 Issuer" means Granite Master Issuer plc;

"Funding 2 Ledgers" means the Funding 2 Principal Ledger, the Funding 2
Revenue Ledger, the Funding 2 Reserve Ledger, the Funding 2 Liquidity Reserve
Ledger (if any), the Funding 2 Liquidity Facility Ledger (if any), the Funding
2 Principal Deficiency Ledger, the Funding 2 Cash Accumulation Ledger, the
Funding 2 Intercompany Loan Ledger and the Funding 2 Swap Collateral Ledger;

"Funding 2 Liquidity Facility Agreement" means any agreement entered into by
Funding 2 relating to the provision of a Funding 2 Liquidity Facility;

"Funding 2 Liquidity Facility Drawings" means any drawing made pursuant to the
terms of the Funding 2 Liquidity Facility Agreement (if any);

"Funding 2 Liquidity Facility Ledger" means the ledger maintained by the Cash
Manager in the name of Funding 2 pursuant to the Cash Management Agreement to
record drawings from and repayment of the Funding 2 Liquidity Facility from
time to time;

"Funding 2 Liquidity Facility Principal Payment means the payments specified
as such in the Funding 2 Liquidity Facility Agreement (if any);

"Funding 2 Liquidity Facility Provider" means such person or persons for the
time being the provider of liquidity under any Funding 2 Liquidity Facility
Agreement;

"Funding 2 Liquidity Facility Repayments" means any payment made by Funding 2
in accordance with the terms of the Funding 2 Liquidity Facility Agreement (if
any) and the Funding 2 Priority of Payments;

"Funding 2 Liquidity Facility Subordinated Amounts" means the amounts
specified as such in any Funding 2 Liquidity Facility Agreement (if any);

"Funding 2 Liquidity Facility" means a liquidity facility entered into by
Funding 2 at any time after the Funding 2 Programme Date;

"Funding 2 Liquidity Reserve Fund" means the liquidity reserve fund which
Funding 2 will be required to establish if the long term, unsecured,
unsubordinated and unguaranteed debt obligations of the Seller cease to be
rated at least A3 by Moody's or A- by Fitch (unless Moody's or Fitch, as
applicable, confirms that the then-current ratings of the Notes of any Funding
2 Issuer will not be adversely affected) and will be funded to the relevant
Funding 2 Liquidity Reserve Required Amount;

"Funding 2 Liquidity Reserve Ledger" means the ledger maintained by the Cash
Manager in the name of Funding 2 pursuant to the Cash Management Agreement to
record the amount standing to the credit of the Funding 2 Liquidity Reserve
Fund from time to time;

"Funding 2 Liquidity Reserve Principal Payment" means any drawing from the
Funding 2 Liquidity Reserve Fund to help meet any deficit in Funding 2
Available Principal Receipts available for:

(a)   prior to the occurrence of a Trigger Event, repayment of principal due
      and payable in respect of Original Bullet Loan Tranches (which are AAA
      Loan Tranches); and

                                      32
<PAGE>

(b)   on or after the occurrence of a Trigger Event, repayment of principal
      due and payable in respect of Original Bullet Loan Tranches (which are
      AAA Loan Tranches) on their respective Final Repayment Dates,

in each case, prior to the service of a Funding 2 Intercompany Loan
Enforcement Notice;

"Funding 2 Liquidity Reserve Rating Event" means where the long term,
unsecured, unsubordinated and unguaranteed debt obligations of the Seller
cease to be rated at least A3 by Moody's or A- by Fitch (unless Moody's or
Fitch, as applicable, confirms that the then current rating of the Notes
issued by a Funding 2 Issuer will not be reduced, withdrawn or qualified by
the ratings downgrade);

"Funding 2 Liquidity Reserve Required Amount" means an amount as of any
Monthly Payment Date equal to the excess, if any, of 3% of the aggregate
outstanding balance of the Notes on that Monthly Payment Date over the
aggregate of the amounts standing to the credit of the Funding 2 Reserve Fund
and the Issuer Reserve Fund on that Monthly Payment Date;

"Funding 2 Post-Enforcement Priority of Payments" means the rules and the
order of priority in which Funding 2 Available Revenue Receipts, Funding 2
Available Principal Receipts and all other monies, income, receipts and
recoveries of Funding 2 or the Funding 2 Security Trustee or any Receiver of
Funding 2 and the proceeds of enforcement of the Funding 2 Security are to be
applied following service of a Funding 2 Intercompany Loan Enforcement Notice
or otherwise following an enforcement of the Funding 2 Security as set out in
Part III of Schedule 3 (Funding 2 Priority of Payments) to the Funding 2 Deed
of Charge, as the same may be amended, varied or superseded from time to time
in accordance with the terms of the Funding 2 Deed of Charge;

"Funding 2 Pre-Enforcement Principal Priority of Payments" means the rules and
the order of priority in which Funding 2 Available Principal Receipts will be
applied prior to the enforcement of the Funding 2 Security as set out in Part
II of Schedule 3 (Funding 2 Priority of Payments) to the Funding 2 Deed of
Charge, as the same may be amended, varied or superseded from time to time in
accordance with the terms of the Funding 2 Deed of Charge;

"Funding 2 Pre-Enforcement Revenue Priority of Payments" means the rules and
the order of priority in which Funding 2 Available Revenue Receipts will be
applied prior to the enforcement of the Funding 2 Security as set out in Part
I of Schedule 3 (Funding 2 Priority of Payments) to the Funding 2 Deed of
Charge, as the same may be amended, varied or superseded from time to time in
accordance with the terms of the Funding 2 Deed of Charge;

"Funding 2 Principal Deficiency Ledger" means the ledger maintained by the
Cash Manager in the name of Funding 2 which will be established on the Funding
2 Programme Date and will be sub-divided into sub ledgers corresponding to the
AAA Loan Tranches, the AA Loan Tranches, the A Loan Tranches, the BBB Loan
Tranches and the BB Loan Tranches in order to record Losses on Mortgage Loans
allocated to Funding 2, the application of Funding 2 Available Principal
Receipts in paying interest on the Funding 2 Intercompany Loans and certain
amounts ranking in priority thereto in accordance with the Funding 2
Pre-Enforcement Revenue Priority of Payments and the application of Funding 2
Principal Receipts to fund or replenish the Funding 2 Liquidity Reserve Fund
(if any);

"Funding 2 Principal Ledger" means the ledger maintained by the Cash Manager
in the name of Funding 2 pursuant to the Cash Management Agreement to record
receipts and payments of Funding 2 Principal Receipts (other than any Funding
2 Principal Receipts constituting the Cash Accumulation

                                      33
<PAGE>

Requirement) which ledger will be divided into sub-ledgers for each Loan
Tranche which shall record receipts and payments of Funding 2 Principal
Receipts allocable to each Loan Tranche (other than Funding 2 Principal
Receipts allocable to each Loan Tranche which are credited to the Funding 2
Cash Accumulation Ledger);

"Funding 2 Principal Receipts" means the Principal Receipts received by
Funding 2 from the Mortgages Trustee on each Distribution Date;

"Funding 2 Priority of Payments" means, as applicable, any of the Funding 2
Pre-Enforcement Revenue Priority of Payments, the Funding 2 Pre-Enforcement
Principal Priority of Payments or the Funding 2 Post-Enforcement Priority of
Payments;

"Funding 2 Program Date"  means 19 January 2005;

"Funding 2 Proportion" means, on a Distribution Date, Assignment Date or
Contribution Date, an amount equal to:

                             [OBJECT OMITTED]TED]

         where:

      A     = the Funding Share on that date; and

      B     = the Funding 2 Share on that date;

"Funding 2 Relevant Distribution" has the meaning given such term in Clause
4.3(A)(2) of the Mortgages Trust Deed;

"Funding 2 Reserve Fund" means the reserve fund established in the name of
Funding 2 on the Funding 2 Programme Date in an amount up to the Funding 2
Reserve Required Amount, which, prior to enforcement of the Funding 2
Security, may be allocated to help meet any deficit in Funding Available
Revenue Receipts and thereby any deficit recorded on the Funding 2 Principal
Deficiency Ledgers and/or utilised to fund expenses in connection with the
issuance of Notes by Funding 2 Issuers and/or any deficit in Funding Available
Principal Receipts available for the repayment of Bullet Loan Tranches;

"Funding 2 Reserve Fund Threshold" means, in any date, the lesser of:

(a)   the Target Reserve Required Amount; and

(b)   the highest amount which the Adjusted Funding 2 Reserve Fund Level has
      been since the first Loan Payment Date upon which interest is due and
      payable in respect of Loan Tranches advanced or the Closing Date
      relating to the then most recent issue of Funding 2 Notes;

"Funding 2 Reserve Required Amount" means, as at any date, the amount (if any)
by which the Target Reserve Required Amount (as at such date) exceeds the
Issuer Reserve Minimum Amount (as at such date);

"Funding 2 Reserve Principal Payment" means any drawing from the Funding 2
Reserve Fund to help meet any deficit in Funding 2 Available Principal
Receipts available for:

(a)   prior to the occurrence of a Trigger Event, repayment of principal due
      and payable in respect of Original Bullet Loan Tranches (which are AAA
      Loan Tranches); and

                                      34
<PAGE>

(b)   on or after the occurrence of a Trigger Event, repayment of principal
      due and payable in respect of Original Bullet Loan Tranches (which are
      AAA Loan Tranches) on their respective Final Repayment Dates.

in each case, prior to the service of a Funding 2 Intercompany Loan
Enforcement Notice;

"Funding 2 Revenue Ledger" means the ledger maintained by the Cash Manager in
the name of Funding 2 pursuant to the Cash Management Agreement to record all
monies received by Funding 2 during an Interest Period other than the Funding
2 Principal Receipts and the Swap Collateral Excluded Amounts which ledger
will be sub-divided into sub-ledgers for each Loan Tranche which shall record
receipts and payments of Funding 2 Revenue Receipts allocable to each Loan
Tranche;

"Funding 2 Revenue Receipts" means the Mortgages Trustee Available Revenue
Receipts received by Funding 2 from the Mortgages Trustee on each Distribution
Date;

"Funding 2 Secured Creditors" means the Funding 2 Security Trustee (and any
Receiver of Funding 2 appointed pursuant to the Funding 2 Deed of Charge),
Granite Master Issuer plc, the Corporate Services Provider in relation to
Funding 2, the Account Bank, the Mortgages Trustee, the Funding 2 Basis Rate
Swap Provider, the Cash Manager and each New Funding 2 Secured Creditor who
accedes to the Funding 2 Deed of Charge from time to time pursuant to a Deed
of Accession (including, for the avoidance of doubt, any new Funding 2
Issuer);

"Funding 2 Secured Obligations" means any and all of the monies, obligations
and liabilities due, owing, payable or owed by it to any Funding 2 Secured
Creditor under and pursuant to the Funding 2 Transaction Documents;

"Funding 2 Security Trustee" means The Bank of New York, whose principal
office is at 40th Floor, One Canada Square, London E14 5AL, or such other
persons and all other persons for the time being acting as the security
trustee or security trustees pursuant to the Funding 2 Deed of Charge;

"Funding 2 Security" means the security granted by Funding 2 under or pursuant
to the Funding 2 Deed of Charge in favour of the Funding 2 Security Trustee
for the benefit of the Funding 2 Secured Creditors or any of them including
the security granted by Funding 2 under or pursuant to any Deed of Accession;

"Funding 2 Share Percentage" means the Current Funding 2 Share Percentage;

"Funding 2 Share" means the Current Funding 2 Share;

"Funding 2 Swap Collateral Accounts" means the Funding 2 Swap Collateral Cash
Account and the Funding 2 Swap Collateral Securities Account;

"Funding 2 Swap Collateral Ancillary Documents" means any document (including,
without limitation, any custodial agreement or bank account agreement but
excluding the Funding 2 Basis Rate Swap Agreement, the Cash Management
Agreement and the Funding 2 Deed of Charge) as may be entered into by Funding
2 from to time in connection with Swap Collateral;

"Funding 2 Swap Collateral Cash Account" means an account opened in the name
of Funding 2 for the purpose of holding Swap Collateral in Cash and maintained
in accordance with the terms of the Cash Management Agreement;

"Funding 2 Swap Collateral Ledger" means the ledger maintained by the Cash
Manager in the books of Funding 2 in accordance with Clause 4.4 (Funding 2
Ledgers) of the Cash Management Agreement;

                                      35
<PAGE>

"Funding 2 Swap Collateral Securities Account" means a securities account
opened in the name of the Funding 2 for the purpose of holding Swap Collateral
in the form of securities and maintained in accordance with the terms of the
Cash Management Agreement;

"Funding 2 Transaction Account Mandate" means the resolutions, instructions
and signature authorities relating to the Funding 2 Transaction Account
substantially in the form set out in Schedule 1 to the Funding 2 Bank Account
Agreement;

"Funding 2 Transaction Account" means the account in the name of Funding 2
(account no. 000000, reference 150857, sort code 30-00-59) held with the
Account Bank and maintained subject to the terms of the Funding 2 Bank Account
Agreement and the Funding 2 Deed of Charge or any additional or replacement
account as may for the time being be in place with the prior consent of the
Funding 2 Security Trustee;

"Funding 2 Transaction Documents" means each of the following documents:

(a)   the Mortgages Trust Deed;

(b)   the Mortgage Sale Agreement;

(c)   the Administration Agreement;

(d)   the Funding 2 Deed of Charge;

(e)   the Corporate Services Agreement;

(f)   the Bank Account Agreement

(g)   the Funding 2 Bank Account Agreement;

(h)   the Stand-by Bank Account Agreement;

(i)   the Funding 2 Guaranteed Investment Contract;

(j)   the Cash Management Agreement;

(k)   the Collection Bank Agreement;

(l)   the Global Intercompany Loan Agreement;

(m)   each Loan Tranche Supplement entered into pursuant to the Global
      Intercompany Loan Agreement;

(n)   the Controlling Beneficiary Deed;

(o)   the Seller (Mortgages Trust) Assignment Agreement;

(o)   each other Transaction Document to which Funding 2 is a party; and

(n)   each other deed, document, agreement, instrument or certificate entered
      into or to be entered into by Funding 2 (including each document under
      which Funding 2 assumes any obligations to any New Funding 2 Secured
      Creditor) under or in connection with any of the documents set out in
      paragraphs (a) through (n) above or the transactions contemplated in
      them;

"Funding Available Principal Receipts" in respect of any Payment Date will be
calculated by the Cash Manager or otherwise on behalf of Funding (or,
following enforcement of the Funding Security, the Security Trustee) on the
Distribution Date immediately preceding such Payment Date and will be an
amount equal to the sum of all Funding Principal Receipts received by Funding
from the

                                      36
<PAGE>

Mortgages Trustee and recorded on the Group 1 Principal Sub-Ledger or Group 2
Principal Sub-Ledger, as applicable, during the Interest Period ending on the
relevant Payment Date plus amounts transferred from the Funding Principal
Ledger to the Group 1 Principal Sub-ledger or the Group 2 Principal Sub-Ledger
during the Interest Period ending on the relevant Payment Date; provided that,
subject as otherwise provided in the Transaction Documents, for the purpose
only of determining the amount of Funding Available Principal Receipts which
may be allocated to any Funding Issuer (but not to any other Issuer) following
an enforcement of the Issuer Security relating to that Funding Issuer, it may
also include the aggregate of any amounts standing to the credit of the Issuer
Liquidity Reserve Ledger, if any, and the Issuer Reserve Fund Ledger of such
Funding Issuer remaining on that Payment Date after the application of such
reserve funds in accordance with the Funding Pre-Enforcement Revenue Priority
of Payments. Provided, further, that in respect of a Funding Issuer the Notes
of which include a Class or Classes of Money Market Notes having a Final
Maturity Date on such Payment Date, Funding Available Principal Receipts will
include the amount, if any, standing to the credit of the Issuer Liquidity
Reserve Ledger in respect of that Funding Issuer on the Distribution Date
immediately preceding such Payment Date required (after taking into account
Funding Available Principal Receipts otherwise available to such Funding
Issuer) to pay such Class of Money Market Notes on such Payment Date;

"Funding Available Revenue Receipts" in respect of any Payment Date will be
calculated by the Cash Manager on the Distribution Date immediately preceding
such Payment Date and will be an amount equal to the sum of:

(1)   all Mortgages Trustee Available Revenue Receipts distributed to Funding
      during the Interest Period ending on the relevant Payment Date and
      recorded on the Group 1 Revenue Sub-Ledger, the Group 2 Revenue
      Sub-Ledger and the Funding Expense Sub-Ledger;

(2)   other net income of Funding, including all amounts of interest received
      on the Funding GIC Account and the Funding Transaction Account, and/or
      all income from Authorised Investments (in each case to be received on
      or prior to the relevant Payment Date) as allocated by Funding between
      Group 1 and Group 2 in proportion to the Group 1 Share Percentage and
      the Group 2 Share Percentage and recorded on the Group 1 Revenue
      Sub-Ledger and Group 2 Revenue Sub-Ledger on each Distribution Date
      during the Interest Period ending on the relevant Payment Date; and

(3)   the amount standing to the credit of the Funding Reserve Ledger,

PROVIDED THAT for the purpose only of the payments to be made to any Funding
Issuer on the relevant Payment Date in respect of the Intercompany Loan made
by that Funding Issuer (but not for the purpose of any other payment to be
made by Funding on the relevant Payment Date including any payment in respect
of any other Intercompany Loan made by any other Issuer), Funding Available
Revenue Receipts shall also include the sum of:

(4)   the amount standing to the credit of the Issuer Reserve Fund Ledger in
      respect of such Funding Issuer (but not in respect of any other Issuer),
      subject to any limits or conditions on the purposes for which that
      reserve may be utilised as set out in the Funding Deed of Charge; and

(5)   the amount standing to the credit of the Issuer Liquidity Reserve
      Ledger, if any, in respect of such Issuer (but not in respect of any
      other Issuer), subject to any limits or conditions on the purposes for
      which that reserve may be utilised as set out in the Funding Deed of
      Charge; and

                                      37
<PAGE>

PROVIDED FURTHER THAT, as set forth in Rule (3) of the Rules for application
of Funding Available Revenue Receipts, on the Payment Date following the
repayment in full of the Intercompany Loan of any Issuer and provided that
Funding has no further liability under the relevant Intercompany Loan
Agreement, subject to any limits or conditions on the purposes for which the
related Issuer Reserve Fund or Issuer Liquidity Reserve Fund, if any, may be
utilised as set out in the Funding Deed of Charge, any remaining amounts
standing to the credit of the Issuer Reserve Fund Ledger and the Issuer
Liquidity Reserve Ledger, if any, of that Funding Issuer will constitute
additional Funding Available Revenue Receipts for the purpose of items (N)
through (Q) of the Funding Pre-Enforcement Revenue Priority of Payments and
may be utilised by Funding in paying any other liability of Funding
(including, without limitation, payment of interest and principal amounts due
to each Start-up Loan Provider under the relevant Start-up Loan Agreement and
payment of any Deferred Contribution due to the Mortgages Trustee under the
Mortgages Trust Deed), in each case, subject to and in accordance with the
relevant Funding Priority of Payments.

"Funding Bank Accounts" means the Funding GIC Account, the Funding Transaction
Account and the Funding (First Issuer) GIC Account and each other Funding
(Issuer) GIC Account established after the Initial Closing Date and each such
additional or replacement account in the name of Funding that may be opened
with the prior approval of the Security Trustee after the Initial Closing
Date;

"Funding Beneficiaries" means Funding and Funding 2, as beneficiaries of the
Mortgages Trust and "Funding Beneficiary" means either of them;

"Funding Contribution Date" means any date on which Funding makes a Further
Contribution to the Mortgages Trustee in connection with Funding's purchase of
an increased beneficial interest in the Trust Property, on which date the
Mortgages Trustee will also pay to the Seller an Initial Purchase Price or a
Special Distribution equal to the amount of such Further Contribution;

"Funding Deed of Charge" means the deed of charge entered into on or about the
Initial Closing Date between Funding, the Security Trustee, the First Issuer,
the Corporate Services Provider, the Account Bank, the Funding GIC Provider,
the Mortgages Trustee, the Start-up Loan Provider and the Cash Manager and the
Schedules thereto and including each Deed of Accession or Accession
Undertaking entered into in connection therewith as may be amended, restated,
novated, varied or supplemented from time to time;

"Funding Charged Property" means the property, assets and undertakings of
Funding which from time to time are or are expressed to be mortgaged, charged,
assigned, pledged or otherwise encumbered to, or in favour of the Security
Trustee for itself and for the Funding Secured Creditors under the Funding
Deed of Charge or any other Funding Transaction Document;

"Funding Event of Default" means, as the context requires, any of the
following:

(a)   in relation to the Notes issued by any Funding Issuer, the occurrence of
      a Note Event of Default pursuant to the Terms and Conditions of such
      Notes;

(b)   in relation to any Funding Intercompany Loan Agreement, the occurrence
      of a Funding Intercompany Loan Event of Default;

"Funding Expense Sub-Ledger" means a sub-ledger of the Funding Revenue Ledger
on which receipts and payments of Funding Revenue Receipts allocable to the
payment of expenses will be recorded by the Cash Manager;

                                      38
<PAGE>

"Funding GIC Account Mandate" means the resolutions, instructions and
signature authorities relating to the Funding GIC Account substantially in the
form set out in Schedule 1 to the Bank Account Agreement;

"Funding GIC Account" means the account in the name of Funding (sort code
30-00-59, account number 00000000) held at Northern Rock, and maintained
subject to the Funding Guaranteed Investment Contract and the Bank Account
Agreement and such additional or replacement accounts as may for the time
being be in place with the prior consent of the Security Trustee;

"Funding GIC Provider" means:

(a)   in relation to the Funding GIC Account, Northern Rock;

(b)   in relation to any Funding (Issuer) GIC Account established prior to 26
      May 2004, Lloyds TSB Bank plc Financial Markets Division, 25 Monument
      Street, London EC3R 8BQ; and

(c)   in relation to any Funding (Issuer) GIC Account established on or after
      26 May 2004 (including, for the avoidance of doubt, the Funding (Issuer)
      GIC Account relating to Granite Mortgages 04-2 plc and Granite Mortgages
      04-3 plc), Northern Rock,

or such other person or persons as are for the time being the GIC Provider to
Funding under the Funding Guaranteed Investment Contract and any Funding
(Issuer) Guaranteed Investment Contract;

"Funding Guaranteed Investment Contract" means the guaranteed investment
contract entered into on or about the Initial Closing Date between Funding,
the Funding GIC Provider, the Cash Manager and the Security Trustee under
which the Funding GIC Provider agrees to pay Funding a guaranteed rate of
interest on the balance from time to time of the Funding GIC Account as may be
amended, restated, novated, varied or supplemented from time to time and shall
include any additional and/or replacement guaranteed investment contract
entered into by Funding in accordance with the Transaction Documents;

"Funding Intercompany Loan" means a loan of the net proceeds of any issue of
Notes by a Funding Issuer, such loan being advanced to Funding by such Funding
Issuer pursuant to the terms of a Funding Intercompany Loan Agreement;

"Funding Intercompany Loan Agreement" means an intercompany loan agreement
entered into between Funding and a Funding Issuer in relation to a Funding
Intercompany Loan;

"Funding Intercompany Loan Enforcement Notice" means an enforcement notice
served by the Security Trustee on Funding in relation to the enforcement of
the Funding Security following the occurrence of an Intercompany Loan Event of
Default;

"Funding Intercompany Loan Event of Default" means the occurrence of an event
of default as specified in Clause 14 (Default) of the Intercompany Loan Terms
and Conditions;

"Funding Intercompany Loan Ledger" means the ledger on which the Cash Manager
will record payments of interest and repayments of principal made under any
Funding Intercompany Loan;

"Funding Interest Rate Shortfall" has the meaning given in Clause
4.3(a)(iii)(A) of the Administration Agreement;

"Funding Issuer" means a wholly-owned subsidiary of Funding, which is
established to issue Notes and to make a Funding Intercompany Loan to Funding;

                                      39
<PAGE>

"Funding (Issuer) GIC Account" means, in relation to any Funding Issuer, the
account in the name of Funding held at the Account Bank and maintained subject
to the terms of the relevant Funding (Issuer) Guaranteed Investment Contract,
the relevant Funding (Issuer) Bank Account Agreement and the Funding Deed of
Charge or such additional or replacement account as may for the time being be
in place with the prior consent of the Security Trustee;

"Funding Jersey Secured Property" means, at any time, the Funding Charged
Property which is situated in Jersey at such time;

"Funding Ledgers" means the Funding Principal Ledger, the Funding Revenue
Ledger, the Funding Reserve Ledger, the Funding Principal Deficiency Ledger,
the Intercompany Loan Ledger and each Issuer Reserve Fund Ledger and each
Issuer Liquidity Reserve Ledger;

"Funding Post-Enforcement Priority of Payments" means the rules and the order
of priority in which Funding Available Revenue Receipts, Funding Available
Principal Receipts and all other monies, income, receipts and recoveries of
Funding or the Security Trustee or any Receiver of Funding and the proceeds of
enforcement of the Funding Security are to be applied following service of an
Intercompany Loan Enforcement Notice or otherwise following an enforcement of
the Funding Security as set out in Part III of Schedule 3 (Funding Priority of
Payments) to the Funding Deed of Charge, as the same may be amended, varied or
superseded from time to time in accordance with the terms of the Funding Deed
of Charge;

"Funding Pre-Enforcement Principal Priority of Payments" means the rules and
the order of priority in which Funding Available Principal Receipts will be
applied prior to the enforcement of the Funding Security as set out in Part II
of Schedule 3 (Funding Priority of Payments) to the Funding Deed of Charge, as
the same may be amended, varied or superseded from time to time in accordance
with the terms of the Funding Deed of Charge;

"Funding Pre-Enforcement Revenue Priority of Payments" means the rules and the
order of priority in which Funding Available Revenue Receipts will be applied
prior to the enforcement of the Funding Security as set out in Part I of
Schedule 3 (Funding Priority of Payments) to the Funding Deed of Charge, as
the same may be amended, varied or superseded from time to time in accordance
with the terms of the Funding Deed of Charge;

"Funding Principal Deficiency Ledger" means the ledger maintained by the Cash
Manager in the name of Funding pursuant to the Cash Management Agreement to
record the aggregate position of the Principal Deficiency Ledgers of all
Funding Issuers as to Losses on the Mortgage Loans and the application of
Funding Available Principal Receipts to fund the Issuer Liquidity Reserve
Funds of the Funding Issuers;

"Funding Principal Ledger" means the ledger maintained by the Cash Manager in
the name of Funding pursuant to the Cash Management Agreement to record
receipts and payments of Funding Principal Receipts which ledger will be
divided into two sub-ledgers: (i) the Group 1 Principal Sub-Ledger and (ii)
the Group 2 Principal Sub-Ledger;

"Funding Principal Receipts" means the Principal Receipts received by Funding
from the Mortgages Trustee on each Distribution Date;

"Funding Priority of Payments" means, as applicable, any of the Funding
Pre-Enforcement Revenue Priority of Payments, the Funding Pre-Enforcement
Principal Priority of Payments or the Funding Post-Enforcement Priority of
Payments;

                                      40
<PAGE>

"Funding Proportion" means, on a Distribution Date, Assignment Date or
Contribution Date, an amount equal to:

                      [OBJECT OMITTED] [GRAPHIC OMITTED]

      where: RAPHIC OMITTED]

            A     = the Funding Share on that date; and

            B     = .......the Funding 2 Share on that date;

"Funding Relevant Distribution" has the meaning given such term in Clause
4.2(B) of the Mortgages Trust Deed;

"Funding Reserve Additional Amount" means following the occurrence of a
Funding Step-Up Trigger Event, an amount equal to the sum of the Funding
Reserve Required Amount and (pound)22,100,000;

"Funding Reserve Adjustment Date" means a Payment Date in respect of which (i)
a Funding Reserve Decrease has occurred on the immediately preceding Payment
Date and (ii) such immediately preceding Payment Date was not also a Funding
Reserve Adjustment Date; provided that a Funding Reserve Adjustment Date shall
not occur on any Payment Date for Group 1 Issuers or Payment Date for Group 2
Issuers if only Notes of Group 1 Issuers or Group 2 Issuers, respectively, are
outstanding; "Funding Reserve Decrease" means a reduction in the amount
standing to the credit of the Funding Reserve Ledger resulting from the
application of such amount to the payment of items in accordance with the
Funding Pre-Enforcement Revenue Priority of Payments (except items (A)-(D)) or
the Funding Post-Enforcement Priority of Payments (except items (A)-(C));

"Funding Reserve Fund" means the reserve fund established in the name of
Funding on the Initial Closing Date in an amount up to the Funding Reserve
Required Amount, which prior to enforcement may be (a) allocated among Issuers
and between Groups to help meet any deficit in Funding Available Revenue
Receipts and thereby any deficit recorded on the Issuer Principal Deficiency
Ledgers and/or (b) utilised to fund initial reserves and other expenses in
connection with the issuance of Notes by New Issuers;

"Funding Reserve Ledger" means the ledger maintained by the Cash Manager in
the name of Funding pursuant to the Cash Management Agreement to record the
amount standing to the credit of the Funding Reserve Fund from time to time;

"Funding Reserve Required Amount" means the amount from time to time which is
equal to the sum of (1) the product of 1 per cent. and the greater of (a) the
aggregate Principal Amount Outstanding of the Notes outstanding of all Issuers
on the relevant determination date and (b) the aggregate Outstanding Principal
Balance of the Intercompany Loans of all Issuers on the relevant determination
date, or such other amount as may be agreed from time to time with the Rating
Agencies. As at the Initial Closing Date, the Funding Reserve Required Amount
will be zero;

"Funding Revenue Ledger" means the ledger maintained by the Cash Manager in
the name of Funding pursuant to the Cash Management Agreement to record all
monies received by Funding during an Interest Period other than the Funding
Principal Receipts which ledger will be sub-divided

                                      41
<PAGE>

into three sub-ledgers: (i) the Group 1 Revenue Sub-Ledger, (ii) the Group 2
Revenue Sub-Ledger and (iii) the Funding Expense Sub-Ledger;

"Funding Revenue Receipts" means the Mortgages Trustee Available Revenue
Receipts received by Funding from the Mortgages Trustee on each Distribution
Date;

"Funding Secured Creditors" means the Security Trustee (and any Receiver of
Funding appointed pursuant to the Funding Deed of Charge), the First Issuer,
the Corporate Services Provider in relation to Funding, the Account Bank, the
Funding GIC Provider, the Mortgages Trustee, the Start-up Loan Provider, the
Cash Manager and each New Funding Secured Creditor who accedes to the Funding
Deed of Charge from time to time pursuant to a Deed of Accession (including,
for the avoidance of doubt, any New Issuer);

"Funding Secured Obligations" means any and all of the monies, obligations and
liabilities which Funding covenants to pay or discharge under or pursuant to
Clause 2 (Covenant to pay and to Perform) of the Funding Deed of Charge and
all other amounts owed by it to the Funding Secured Creditors pursuant to the
Funding Transaction Documents;

"Funding Security" means the security granted by Funding under or pursuant to
the Funding Deed of Charge in favour of the Security Trustee for the benefit
of the Funding Secured Creditors or any of them including the security granted
by Funding under or pursuant to any Deed of Accession and the security granted
by Funding under or pursuant to the Second Priority Funding Deed of Charge;

"Funding Security Trustees" means the Security Trustee and the Funding 2
Security Trustee and "Funding Security Trustee" means either of them;

"Funding Share" means, prior to the first Distribution Date, the Initial
Funding Share and thereafter means the Current Funding Share;

"Funding Share/Funding 2 Share/Seller Share Ledger" means the ledger to be
maintained by the Cash Manager, on behalf of the Mortgages Trustee and the
Beneficiaries, to record the Current Funding Share, the Current Funding Share
Percentage, the Current Funding 2 Share, the Current Funding 2 Share
Percentage, the Current Seller Share and the Current Seller Share Percentage
of the Trust Property;

"Funding Share Percentage" means, prior to the first Distribution Date, the
Initial Funding Share Percentage and thereafter means the Current Funding
Share Percentage;

"Funding Transaction Account Mandate" means the resolutions, instructions and
signature authorities relating to the Funding Transaction Account
substantially in the form set out in Schedule 1 to the Bank Account Agreement;

"Funding Transaction Account" means the account in the name of Funding
(account no. 0625898, sort code 30-00-02) held with the Account Bank and
maintained subject to the terms of the Bank Account Agreement and the Funding
Deed of Charge or any additional or replacement account as may for the time
being be in place with the prior consent of the Security Trustee;

"Funding Transaction Document" means each of the following documents:

(a)   the Mortgages Trust Deed;

(b)   the Mortgage Sale Agreement;

(c)   the Administration Agreement;

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<PAGE>

(d)   the Funding Deed of Charge;

(e)   the Second Priority Funding Deed of Charge;

(f)   the Corporate Services Agreement;

(g)   the Bank Account Agreement;

(h)   the Stand-by Bank Account Agreement;

(i)   the Funding (Issuer) Bank Account Agreement;

(j)   the Funding Guaranteed Investment Contract;

(k)   the Stand-by Funding Guaranteed Investment Contract

(l)   the Funding (Issuer) Guaranteed Investment Contract;

(m)   the Cash Management Agreement;

(n)   the Start-up Loan Agreement;

(o)   each New Start-up Loan Agreement to be entered into by Funding after the
      Initial Closing Date;

(p)   the Collection Bank Agreement;

(q)   the First Issuer Intercompany Loan Agreement;

(r)   each New Intercompany Loan Agreement to be entered into by Funding after
      the date hereof;

(s)   the Stand-by Funding (Issuer) Guaranteed Investment Contract; and

(t)   each other deed, document, agreement, instrument or certificate entered
      into or to be entered into by Funding pursuant to or in connection with
      any of the documents set out in paragraphs (a) through (r) above
      including any agreement entered into by Funding as a replacement of any
      of the above agreements upon the termination thereof;

"Funding" means Granite Finance Funding Limited, a company incorporated with
limited liability in Jersey, registered number 79308;

"Further Advance" means, in relation to a Mortgage Loan, any advance of
further money to the relevant Borrower following the making of the initial
advance of monies in respect of such Mortgage Loan (the "Initial Advance")
which is secured by the same Mortgage as the Initial Advance but does not
include the amount of any retention advanced to the relevant Borrower as part
of the Initial Advance after completion of the Mortgage and does not include
any Re-Draw or Further Draw. For the avoidance of doubt, an Unregulated
Personal Secured Loan is not a Further Advance in relation to a Mortgage Loan
(other than any other Unregulated Personal Secured Loan) which is secured by
the same Mortgage;

"Further Contribution" means the consideration in the form of cash payable to
the Mortgages Trustee by any Beneficiary to increase the Funding Share, the
Funding 2 Share or, as the case may be, the Seller Share of the Trust Property
pursuant to and in accordance with the Mortgages Trust Deed but excluding any
Initial Contribution or Deferred Contribution paid by Funding or by Funding 2
to the Mortgages Trustee;

                                      43
<PAGE>

"Further Draw" means additional amounts drawn by a Borrower in respect of a
Personal Secured Loan in aggregate up to the fixed amount of credit extended
under the terms of the related Mortgage Conditions at the inception of the
Borrower's Personal Secured Loan;

"Further Draw Capacity" means an amount equal to the difference between (1)
the maximum amount of Further Draws that Borrowers may make under Personal
Secured Loans included in the Trust Property (whether or not drawn) as at the
last day of the immediately preceding Trust Calculation Period and (2) the
aggregate Current Balance of Personal Secured Loans which form part of the
Trust Property as at the last day of the immediately preceding Trust
Calculation Period;

"Further Draw Ledger" means the ledger on which Further Draws under Personal
Secured Loans will be recorded by the Cash Manager

"Further Mortgage Loan" means any Mortgage Loan which was assigned by the
Seller to the Mortgages Trustee after March 26, 2001 under the terms of the
Mortgage Sale Agreement and referenced by its mortgage loan identifier number
and comprising the aggregate of all principal sums, interest, costs, charges,
expenses and other monies (including all further advances) due or owing with
respect to that Mortgage Loan under the relevant Mortgage Conditions by a
borrower on the security of a Mortgage from time to time outstanding or, as
the context may require, the Borrower's obligations in respect of the same;

"Further Mortgage Portfolios" means the portfolios of Further Mortgage Loans,
their Related Security, accrued interest and other amounts derived from such
Further Mortgage Loans that the Seller assigned to the Mortgages Trustee after
March 26, 2001;

"GIC Provider" means in relation to any person the provider of guaranteed
investment services to such person pursuant to a guaranteed investment
contract;

"Global Intercompany Loan Agreement" means the Funding 2 Intercompany Loan
Agreement entered into on or around the Funding 2 Programme Date between the
Issuer, Funding 2, the Funding 2 Security Trustee and the Agent Bank;

"Global Intercompany Loan" means, at any time, the aggregate of the
Outstanding Principal Balance of the Loan Tranches made by the Master Issuer
to Funding 2 under the Global Intercompany Loan Agreement;

"Global Loan Facility" means the facility in an aggregate amount equal to the
Total Credit Commitment made available to Funding 2 by the Issuer pursuant to
the Global Intercompany Loan Agreement;

"Global Note Certificates" means the note certificates representing the Notes
in global form;

"Group" means either of Group 1 or Group 2;

"Group 1" means all Group 1 Issuers;

"Group 1 Available Principal Receipts" means, in respect of a Payment Date for
Group 1 Issuers, an amount (calculated on the immediately preceding
Distribution Date) equal to all Mortgages Trustee Principal Receipts received
by Funding from the Mortgages Trustee plus any amounts transferred from the
Funding Principal Ledger to the Group 1 Principal Sub-Ledger during the
Interest Period ending on the relevant Payment Date;

"Group 1 Available Revenue Receipts" means, in respect of a Payment Date for
Group 1 Issuers, an amount (calculated on the immediately preceding
Distribution Date) equal to the sum of (a) the

                                      44
<PAGE>

amount of Mortgages Trustee Available Revenue Receipts distributed to Funding
during the Interest Period ending on the relevant Payment Date and recorded on
the Group 1 Revenue Sub-Ledger (b) other net income of Funding (including all
amounts of interest on the Funding GIC Account and the Funding Transaction
Account, and/or all income from Authorised Investments, in each case received
on or prior to the relevant Payment Date), as allocated by Funding to Group 1
in proportion to the Group 1 Share Percentage and recorded on the Group 1
Revenue Sub-Ledger on each Distribution Date during the related Interest
Period ending on the relevant Payment Date, and (c) the product of the amount
standing to the credit of the Funding Reserve Ledger on such Distribution Date
multiplied by the Group 1 Share Percentage, in each case as on such
Distribution Date (unless the related Payment Date for Group 1 Issuers is also
a Funding Reserve Adjustment Date, in which case the product of the amount
standing to the credit of the Funding Reserve Ledger multiplied by the Group 1
Share Percentage, in each case as on the Distribution Date immediately
preceding the immediately preceding Payment Date for Group 2 Issuers);

"Group 1 Issuer" means any Funding Issuer which applies Issuer Available
Revenue Receipts and Issuer Available Principal Receipts in accordance with
the relevant priority of payments on the Payment Date falling in July,
October, January and April of each year;

"Group 1 Principal Sub-Ledger" means a sub-ledger of the Funding Principal
Ledger on which receipts and payments of Funding Principal Receipts allocable
to Group 1 are recorded by the Cash Manager;

"Group 1 Revenue Sub-Ledger" means a sub-ledger of the Funding Revenue Ledger
on which receipts and payments of Funding Revenue Receipts allocable to Group
1 are recorded by the Cash Manager;

"Group 1 Share Percentage" means

   Aggregate Outstanding Principal Balance of all Group 1 Intercompany Loans
       Aggregate Outstanding Principal Balance of all Intercompany Loans

PROVIDED THAT on any Distribution Date with respect to which Funding has made
a Further Contribution to the Mortgages Trustee in connection with Funding's
purchase of an increased beneficial interest in the Trust Property during the
immediately preceding Trust Calculation Period, the Outstanding Principal
Balance of any Intercompany Loan entered into during such Trust Calculation
Period shall be deemed to be (only for the purposes of the numerator and
denominator of the formula above) the Outstanding Principal Balance of such
Intercompany Loan multiplied by the number of days during which such
Intercompany Loan was outstanding during such Trust Calculation Period divided
by the number of days in such Trust Calculation Period;

"Group 1 Shared Issuer Revenue Receipts" has the meaning given in the rules
for application of Funding Available Revenue Receipts under the Funding
Pre-Enforcement Priority of Payments set out in Part II of Schedule 3 to the
Funding Deed of Charge;

"Group 1 Shared Principal Receipts" has the meaning given in the rules for
application of Funding Available Principal Receipts under the Funding
Pre-Enforcement Priority of Payments set out in Part II of Schedule 3 to the
Funding Deed of Charge;

"Group 2" means all Group 2 Issuers;

"Group 2 Available Principal Receipts" means, in respect of a Payment Date for
Group 2 Issuers, an amount (calculated on the immediately preceding
Distribution Date) equal to all Mortgages Trustee

                                      45
<PAGE>

Principal Receipts received by Funding from the Mortgages Trustee plus any
amounts transferred from the Funding Principal Ledger to the Group 2 Principal
Sub-Ledger during the Interest Period ending on the relevant Payment Date;

"Group 2 Available Revenue Receipts" means, in respect of a Payment Date for
Group 2 Issuers, an amount (calculated on the immediately preceding
Distribution Date) equal to the sum of (a) the amount of Mortgages Trustee
Available Revenue Receipts distributed to Funding Interest Period ending on
the relevant Payment Date and recorded on the Group 2 Revenue Sub-Ledger (b)
other net income of Funding (including all amounts of interest on the Funding
GIC Account and the Funding Transaction Account, and/or all income from
Authorised Investments, in each case received on or prior to the relevant
Payment Date), as allocated by Funding to Group 2 in proportion to the Group 2
Share Percentage and recorded on the Group 2 Revenue Sub-Ledger on each
Distribution Date during the related Interest Period ending on the relevant
Payment Date, and (c) the product of the amount standing to the credit of the
Funding Reserve Ledger on such Distribution Date multiplied by the Group 2
Share Percentage, in each case as on such Distribution Date (unless the
related Payment Date for Group 2 Issuers is also a Funding Reserve Adjustment
Date, in which case the product of the amount standing to the credit of the
Funding Reserve Ledger multiplied by the Group 2 Share Percentage, in each
case as on the Distribution Date immediately preceding the immediately
preceding Payment Date for Group 1 Issuers);

"Group 2 Issuer" means any Funding Issuer which applies Issuer Available
Revenue Receipts and Issuer Available Principal Receipts in accordance with
the relevant priority of payments on the Payment Date falling in March, June,
September and December of each year;

"Group 2 Principal Sub-Ledger" means a sub-ledger of the Funding Principal
Ledger on which receipts and payments of Funding Principal Receipts allocable
to Group 2 are recorded by the Cash Manager;

"Group 2 Revenue Sub-Ledger" means a sub-ledger of the Funding Revenue Ledger
on which receipts and payments of Funding Revenue Receipts allocable to Group
2 are recorded by the Cash Manager;

"Group 2 Share Percentage" means

   Aggregate Outstanding Principal Balance of all Group 2 Intercompany Loans
      Aggregate Outstanding Principal Balance of all Intercompany Loans

PROVIDED THAT on any Distribution Date with respect to which Funding has made
a Further Contribution to the Mortgages Trustee in connection with Funding's
purchase of an increased beneficial interest in the Trust Property during the
immediately preceding Trust Calculation Period, the Outstanding Principal
Balance of any Intercompany Loan entered into during such Trust Calculation
Period shall be deemed to be (only for the purposes of the numerator and
denominator of the formula above) the Outstanding Principal Balance of such
Intercompany Loan multiplied by the number of days during which such
Intercompany Loan was outstanding during such Trust Calculation Period divided
by the number of days in such Trust Calculation Period.

"Group 2 Shared Issuer Revenue Receipts" has the meaning given in the rules
for application of Funding Available Revenue Receipts under the Funding
Pre-Enforcement Priority of Payments set out in Part II of Schedule 3 to the
Funding Deed of Charge;

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<PAGE>

"Group 2 Shared Principal Receipts" has the meaning given in the rules for
application of Funding Available Principal Receipts under the Funding
Pre-Enforcement Priority of Payments set out in Part II of Schedule 3 to the
Funding Deed of Charge;

"Guarantee" means each guarantee in support of the obligations of a Borrower
under a Mortgage Loan;

"Heritable Creditor" means, in relation to Scottish Mortgage Loans, the holder
of a standard security over heritable or long leasehold property in Scotland;

"Holdings" means Granite Finance Holdings Limited, a private limited company
incorporated under the laws of England and Wales, registered number 4127787;

"ICTA" means the Income and Corporation Taxes Act 1988;

"in Arrears" or "in arrears" means, in respect of a Mortgage Account, that
amount equal in the aggregate to one or more Monthly Payments in respect of
such Mortgage Account are overdue and unpaid by a Borrower;

"Independent Certificates" means certificates of independent parties in
accordance with Trust Indenture Act Sections 314(c) and 314(d)(1);

"Individual Note Certificate" means the note certificates representing the
Notes in definitive form;

"Initial Closing Date" means 26 March 2001;

"Initial Contribution" means the consideration in the form of cash payable by
Funding to the Mortgages Trustee in respect of the Funding Share of the Trust
Property or by Funding 2 to the Mortgages Trustee in respect of the Funding 2
Share of the Trust Property (as applicable) pursuant to and in accordance with
the Mortgages Trust Deed, which Contribution is to fund the payment to the
Seller by the Mortgages Trustee of (and is equal to) the Initial Purchase
Price in respect of the Initial Mortgage Portfolio or (if any is payable) any
New Mortgage Portfolio sold and assigned to the Mortgages Trustee and is to be
funded from the proceeds of an Intercompany Loan;

"Initial Funding Share" means the share of Funding in the Trust Property on
the Initial Closing Date, being an amount equal to approximately
(pound)1,500,000,000;

"Initial Funding Share Percentage" means the percentage share of Funding in
the Trust Property on the Initial Closing Date being approximately 86.61 per
cent.;

"Initial Funding 2 Share" means the share of Funding 2 in the Trust Property
on the Funding 2 Programme Date being an amount equal to (pound)100;

"Initial Mortgage Loans" means the portfolio of residential first Mortgage
Loans and their Related Security to be sold and assigned by the Seller to the
Mortgages Trustee on the Initial Closing Date pursuant to the Mortgage Sale
Agreement;

"Initial Mortgage Portfolio" means the Initial Mortgage Loans and their
Related Security, particulars of which are set out in Appendix A to the
Mortgage Sale Agreement but excluding any such Mortgage Loan and its Related
Security which has been redeemed in full on or before the Initial Closing
Date, and (subject where applicable to the subsisting rights of redemption of
the Borrowers) all right, title, interest and benefit of the Seller in and to:

(a)   all sums of principal, interest (including, for the avoidance of doubt,
      all Accrued Interest, Arrears of Interest and Capitalised Arrears) and
      any other sum due or to become due under or

                                      47
<PAGE>

      in respect of such Mortgage Loans and their Related Security on or after
      the Initial Closing Date and including, without limitation, the right to
      demand, sue for, recover and give receipts for all such principal,
      interest or other amounts, the right to sue on all covenants and
      undertakings made or expressed to be made in favour of the Seller under
      the applicable Mortgage and all sums due or to become due in respect of
      any Early Repayment Charge;

(b)   the benefit of all securities for such principal, interest and other
      sums payable (including without limitation any interest of the Seller in
      any Life Policy), the benefit of all Deeds of Consent, MHA Documentation
      and Deeds of Postponement, any Guarantee in respect of such Mortgage
      Loan or any other collateral security for the repayment of the relevant
      Mortgage Loans secured by the Mortgages;

(c)   the right to exercise all the powers of the Seller in relation thereto
      subject to and in accordance with the relevant Mortgage Conditions;

(d)   all the estate and interest in the Mortgaged Properties in relation
      thereto vested in the Seller;

(e)   to the extent they are assignable, each Certificate of Title and
      Valuation Report and any right of action of the Seller against any
      solicitor, valuer or other person in connection with any report,
      valuation, opinion, certificate or other statement of fact or opinion
      given in connection with any Mortgage Loan and its Related Security, or
      any part thereof affecting the decision of the Seller to make or offer
      to make the relevant Mortgage Loan or part thereof;

(f)   the Buildings Policies and Insurance Contracts, in each case so far as
      they relate to such Mortgage Loans comprised in that portfolio of
      Mortgage Loans and their Related Security, including the right to
      receive the proceeds of all claims made or to be made by or on behalf of
      the Seller or to which the Seller is or may become entitled;

(g)   the MIG Policies, so far as they relate to such Mortgage Loans comprised
      in that portfolio of Mortgage Loans and their Related Security,
      including the right to receive of all claims made or to be made by or on
      behalf of the Seller or to which the Seller is or may become entitled;

"Initial Purchase Price" means that portion of the purchase price paid by the
Mortgages Trustee to the Seller on the Initial Closing Date in consideration
for the assignment to the Mortgages Trustee of the Initial Mortgage Portfolio
or that portion of the purchase price (if any) payable by the Mortgages
Trustee to the Seller on the relevant Assignment Date in consideration for the
assignment to the Mortgages Trustee of the Further Mortgage Portfolios or any
New Mortgage Portfolio, in each case in accordance with the provisions of the
Mortgage Sale Agreement;

"Initial Relevant Screen Rate" means, in respect of a Loan Tranche, the
Initial Relevant Screen Rate for such Loan Tranche specified as such in the
applicable Loan Tranche Supplement;

"Initial Seller Share Percentage" means the percentage share of the Seller in
the Trust Property on the Initial Closing Date being approximately 13.39 per
cent.;

"Initial Seller Share" means the share of the Seller in the Trust Property on
the Initial Closing Date being an amount equal to approximately
(pound)232,000,000;

"Initial Trust Property" means the sum of (pound)100 (one hundred pounds) held
on trust absolutely as to both capital and income by the Mortgages Trustee for
the benefit of the Seller and Funding pursuant to Clause 2.1 (Initial Trust
Property) of the Mortgages Trust Deed;

"Inland Revenue" means H.M. Revenue and Customs;

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<PAGE>

"Insolvency Act" means the Insolvency Act 1986;

"Insolvency Event" in respect of the Seller, the Administrator, the Cash
Manager or any Issuer Cash Manager (each, for the purposes of this definition,
a "Relevant Entity") means:

(a)   an order is made or an effective resolution passed for the winding-up of
      the Relevant Entity or the appointment of an administrator over the
      Relevant Entity (except, in any such case, a winding-up or dissolution
      for the purpose of a reconstruction or amalgamation the terms of which
      have been previously approved by the Funding 2 Security Trustee);

(b)   the Relevant Entity ceases or threatens to cease to carry on its
      business or stops payment or threatens to stop payment of its debts or
      is deemed unable to pay its debts within the meaning of section 123(a),
      (b), (c) or (d) of the Insolvency Act (as amended, modified or
      re-enacted) or becomes unable to pay its debts as they fall due or the
      value of its assets falls to less than the amounts of its liabilities
      (taking into account, for both these purposes, contingent and
      prospective liabilities) or otherwise becomes insolvent;

(c)   proceedings are initiated against the Relevant Entity under any
      applicable liquidation, insolvency, composition, reorganisation (other
      than a reorganisation where the Relevant Entity is solvent) or other
      similar laws (including, but not limited to, application or pending
      application for an administration order or presentation of a petition
      for a winding-up order) save where such proceedings are being contested
      in good faith; an administration order being granted or an
      administrative or other receiver, administrator, liquidator or other
      similar official is appointed in relation to the whole or any
      substantial part of the undertaking or assets of the Relevant Entity; or
      a distress, execution, diligence or other process is enforced upon the
      whole or any substantial part of the undertaking or assets of the
      Relevant Entity and in any of the foregoing cases it is not discharged
      within 30 London Business Days; or if the Relevant Entity initiates or
      consents to judicial proceedings relating to itself under any applicable
      liquidation, administration, insolvency, reorganisation or other similar
      laws or makes a conveyance or assignment for the benefit of its
      creditors generally;

"Insurance Contracts" means the insurance contracts or policies described in
Schedule 4 to the Mortgage Sale Agreement and any other additional, substitute
or replacement insurance contract or policy arranged by the Seller from time
to time relating to the Mortgage Loans in the Mortgages Trust;

"Insurance Policies" means:

(a)   the MIG Policies;

(b)   the Properties in Possession Policy;

(c)   the Contingency Insurance Policy; and

(d)   the Buildings Policies;

"Intercompany Loan Agreements" means the Funding Intercompany Loan Agreements
and the Funding 2 Intercompany Loan Agreements and "Intercompany Loan
Agreement" means, as applicable, a Funding Intercompany Loan Agreement or a
Funding 2 Intercompany Loan Agreement;

"Intercompany Loan Confirmation" means a document substantially in the form
set out in Schedule 2 (Form of Intercompany Loan Confirmation) to the
Intercompany Loan Terms and Conditions

                                      49
<PAGE>

confirming the principal terms of each Intercompany Loan Agreement between
Funding, any Funding Issuer, the Security Trustee and the Agent Bank;

"Intercompany Loan Enforcement Notice" means, as applicable:

(a)   in respect of Funding, a Funding Intercompany Loan Enforcement Notice;
      and/or

(b)   in respect of Funding 2, a Funding 2 Intercompany Loan Enforcement
      Notice;

"Intercompany Loan Event of Default" means, as applicable:

(a)   in respect of Funding, a Funding Intercompany Loan Event of Default;
      and/or

(b)   in respect of Funding 2, a Funding 2 Intercompany Loan Event of Default;

"Intercompany Loan Ledger" means:

(a)   in respect of Funding, the Funding Intercompany Loan Ledger;

(b)   in respect of Funding 2, the Funding 2 Intercompany Loan Ledger;

"Intercompany Loan Terms and Conditions" means the general terms and
conditions applicable to each Funding Intercompany Loan Agreement, which have
been signed for the purposes of identification by the Security Trustee, the
Agent Bank and Funding on the Initial Closing Date, as amended, restated,
novated, varied or supplemented from time to time and shall include any
additional and/or replacement intercompany loan terms and conditions entered
into from time to time in accordance with the Transaction Documents;

"Intercompany Loans" means the Funding Intercompany Loans and the Funding 2
Global Intercompany Loan and "Intercompany Loan" means, as applicable, a
Funding Intercompany Loan or a Funding 2 Intercompany Loan;

"Interest Commencement Date" means, in respect of any Series and Class of
Notes, the closing date of such notes or such other date as may be specified
as such in the applicable Prospectus Supplement;

"Interest Determination Date" means in respect of any Series and Class of
Notes, the date(s) specified as such (if any) in the applicable Note
Supplement;

"Interest Period" or "Fixed Interest Period" means:

(a)   in respect of any Series and Class of Notes, (i) with respect to the
      first Note Payment Date for such Notes, the period from (and including)
      the applicable Interest Commencement Date to (but excluding) such first
      Note Payment Date, and (ii) thereafter, with respect to each Note
      Payment Date for such Notes, the period from and including the preceding
      Note Payment Date to but excluding such current Note Payment Date; and

(b)   in respect of any Loan Tranche, (i) with respect to the first Loan
      Payment Date for such Loan Tranche, the period from (and including) the
      applicable Interest Commencement Date to (but excluding) such first Loan
      Payment Date, and (ii) thereafter, with respect to each Loan Payment
      Date for such Loan Tranche, the period from (and including) the
      preceding Loan Payment Date to (but excluding) such current Loan Payment
      Date;

"Interest Rate Shortfalls" means the Funding Interest Rate Shortfall and the
Funding 2 Interest Rate Shortfall and "Interest Rate Shortfall" means, as
applicable, the Funding Interest Rate Shortfall and/or the Funding 2 Interest
Rate Shortfall;

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<PAGE>

"Interim Calculation Period" means the portion of a Trust Calculation Period
that is less than a full Trust Calculation Period during which any single
calculation of the Funding Share, Funding Share Percentage, Seller Share,
Funding 2 Share, Funding 2 Share Percentage and Seller Share Percentage
applies;

"Irrecoverable VAT" means any amount in respect of VAT incurred by a party to
the Transaction Documents (for the purposes of this definition, a "Relevant
Party") as part of a payment in respect of which it is entitled to be
indemnified under the relevant Transaction Documents to the extent that the
Relevant Party does not or will not receive and retain a credit or repayment
of such VAT as input tax (as that expression is defined in section 24(1) of
the Value Added Tax Act 1994) for the prescribed accounting period (as that
expression is used in section 25(1) of the Value Added Tax Act 1994) to which
such input tax relates;

"Issuer Account Bank" means, in relation to: (a) any Funding Issuer, the bank
or banks at which the Issuer Bank Accounts of such Funding Issuer are
maintained from time to time pursuant to the relevant Issuer Transaction
Documents; and (b) any Funding 2 Issuer, the bank or banks at which the Issuer
Bank Accounts of such Funding 2 Issuer are maintained from time to time
pursuant to the relevant Issuer Transaction Documents;

"Issuer Account Mandates" means, in relation to any Issuer, the resolutions,
instructions, and Authorised Signatories relating to the applicable Issuer
Bank Accounts substantially in the form scheduled to the relevant Issuer Bank
Account Agreement;

"Issuer Allocable Principal Receipts" has the meaning given to it in the rules
for application of Funding Available Principal Receipts under the Funding
Pre-Enforcement Principal Priority of Payments set out in Part II of Schedule
3 to the Funding Deed of Charge;

"Issuer Allocable Revenue Receipts" has the meaning given to it in the rules
for application of Funding Available Revenue Receipts under the Funding
Pre-Enforcement Revenue Priority of Payments set out in Part I of Schedule 3
to the Funding Deed of Charge;

"Issuer Arrears Test":

(a)   in relation to a Funding Issuer, is satisfied on a Payment Date if any
      Issuer Cash Manager or the Cash Manager calculates on the Distribution
      Date immediately preceding such Payment Date that as of the last day of
      the Trust Calculation Period immediately preceding that Payment Date (i)
      the aggregate current balance of the Mortgage Loans which are then in
      arrears for at least 3 months is less than 4% of the aggregate Current
      Balance of all Mortgage Loans, unless the Rating Agencies have confirmed
      that the then-current ratings of the Notes will not be adversely
      affected by such test not having been met; and (ii) the aggregate
      Interest Arrears in respect of all of the Mortgage Loans in the Mortgage
      Portfolio as a percentage of the aggregate gross interest due on all
      Mortgage Loans during the previous 12 months, does not exceed 2%, or
      such other percentage as is then acceptable to the then-current Rating
      Agencies at such time; or

(b)   in relation to the Master Issuer, is satisfied on a Loan Payment Date if
      the Master Issuer or the applicable Issuer Cash Manager on its behalf
      calculates on the Distribution Date immediately preceding that Payment
      Date that, as of the last day of the Trust Calculation Period
      immediately preceding that Distribution Date (i) the aggregate current
      balance of the Mortgage Loans which are then in arrears for at least 3
      months is less than 4% of the

                                      51
<PAGE>

      aggregate current balance of all Mortgage Loans, unless the Rating
      Agencies have confirmed that the then current ratings of the Notes will
      not be reduced, withdrawn or qualified if the Issuer Arrears Test is not
      met at that time; and (ii) the aggregate interest arrears in respect of
      all the Mortgage Loans in the Mortgage Portfolio as a percentage of the
      aggregate gross interest due on such Mortgage Loans during the previous
      12 months does not exceed 2%, or such other percentage as is then
      acceptable to the Rating Agencies at such time.

"Issuer Available Principal Receipts" means, in relation to: (a) the First
Issuer, the Second Issuer and the Third Issuer, the First Issuer Available
Principal Receipts, the Second Issuer Available Principal Receipts, and the
Third Issuer Available Principal Receipts respectively; (b) any other Funding
Issuer, the Current Issuer Available Principal Receipts; and (c) any Funding 2
Issuer, the Issuer Available Principal Receipts;

"Issuer Available Revenue Receipts" means, in relation to: (a) the First
Issuer, the Second Issuer and the Third Issuer, the First Issuer Available
Revenue Receipts, the Second Issuer Available Revenue Receipts, and the Third
Issuer Available Revenue Receipts respectively; (b) any other Funding Issuer,
the Current Issuer Available Revenue Receipts; and (c) any Funding 2 Issuer,
the Issuer Available Revenue Receipts as defined in the Issuer Master
Definitions Schedule;

"Issuer Bank Account Agreement" means, in relation to: (a) the First Issuer,
the Second Issuer and the Third Issuer, the First Issuer Bank Account
Agreement, the Second Issuer Bank Account Agreement and the Third Issuer Bank
Account Agreement respectively; (b) any other Funding Issuer, the Current
Issuer Bank Account Agreement relating to such Funding Issuer; and (c) any
Funding 2 Issuer, the Issuer Bank Account Agreement as defined in the Issuer
Master Definitions Schedule;

"Issuer Bank Accounts" means in relation to: (a) the First Issuer, the Second
Issuer and the Third Issuer, the First Issuer Bank Accounts, the Second Issuer
Bank Accounts and the Third Issuer Bank Accounts respectively; (b) any other
Funding Issuer, the Current Issuer Bank Accounts; and (c) any Funding 2
Issuer, the Issuer Bank Accounts as defined in the Issuer Master Definitions
Schedule relating to such Funding 2 Issuer;

"Issuer Cash Management Agreement" means, in relation to: (a) the First
Issuer, the Second Issuer and the Third Issuer, the First Issuer Cash
Management Agreement, the Second Issuer Cash Management Agreement and the
Third Issuer Cash Management Agreement respectively; (b) any other Funding
Issuer, the Current Issuer Cash Management Agreement; and (c) any Funding 2
Issuer, the Issuer Cash Management Agreement as defined in the Issuer Master
Definitions Schedule relating to such Funding 2 Issuer;

"Issuer Cash Manager" means, in relation to: (a) the First Issuer, the First
Issuer Cash Manager; (b) any other Funding Issuer, the person identified as
managing all cash transactions and maintaining certain ledgers on behalf of
such Funding Issuer pursuant to the relevant Issuer Cash Management Agreement
or such other person as may from time to time be appointed as cash manager for
such Funding Issuer pursuant to the relevant Issuer Cash Management Agreement;
and (c) any Funding 2 Issuer, the Issuer Cash Manager as defined in the Issuer
Master Definitions Schedule relating to such Funding 2 Issuer;

"Issuer Deed of Charge" means:

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(a)   in respect of the Funding Issuer, in relation to the First Issuer, the
      First Issuer Deed of Charge and in relation to any other Funding Issuer,
      the deed of charge entered into such Issuer with the Note Trustee;

(b)   in respect of any Funding 2 Issuer, the deed of charge entered into such
      Funding 2 Issuer with the Issuer Security Trustee;

"Issuer Enforcement Notice" means, in relation to a Funding 2 Issuer, a notice
issued by the applicable Note Trustee to such Funding 2 Issuer, the applicable
Issuer Security Trustee and the Funding 2 Security Trustee declaring all Notes
issued by such Funding 2 Issuer to be due and payable pursuant to the terms
and conditions of such Notes;

"Issuer Liquidity Reserve Fund" means, in relation to: (a) the First Issuer
and the Second Issuer, the First Issuer Liquidity Reserve Fund and the Second
Issuer Liquidity Reserve Fund, respectively; (b) any other Funding Issuer, the
Current Issuer Liquidity Reserve Fund; which in each case Funding will be
required to establish pursuant to and in the circumstances set out in the
Intercompany Loan of such Funding Issuer;

"Issuer Liquidity Reserve Ledger" means, in relation to: (a) the First Issuer
and the Second Issuer, the First Issuer Liquidity Reserve Ledger and the
Second Issuer Liquidity Reserve Ledger, respectively; any other Funding
Issuer, the Current Issuer Liquidity Reserve Ledger; in each case maintained
by the Cash Manager in the name of Funding to record the balance from time to
time of the Issuer Liquidity Reserve Fund, if any;

"Issuer Liquidity Reserve Required Amount" means, in relation to: (a) the
First Issuer, the First Issuer Liquidity Reserve Required Amount; (b) the
Second Issuer, the Second Issuer Liquidity Reserve Required Amount; (c) any
other Funding Issuer, the Current Issuer Liquidity Reserve Required Amount; in
each case required to be maintained in the Issuer Liquidity Reserve Fund, if
any;

"Issuer Master Definitions Schedule" means, in relation to: (a) the First
Issuer, the First Issuer Master Definitions Schedule; (b) any other Funding
Issuer, the relevant master definitions schedule relating to such Funding
Issuer; and (c) any Funding 2 Issuer, the relevant master definitions schedule
relating to such Funding 2 Issuer;

"Issuer Notes" means, in respect of the Master Issuer, the Notes issued by the
Master Issuer;

"Issuer Post-Enforcement Priority of Payments" means, in relation to: (a) the
First Issuer, the Second Issuer and the Third Issuer, the First Issuer
Post-Enforcement Priority of Payments, the Second Issuer Post-Enforcement
Priority of Payments and the Third Issuer Post-Enforcement Priority of
Payments, respectively; (b) any other Funding Issuer, the Current Issuer
Post-Enforcement Priority of Payments; and (c) any Funding 2 Issuer, the
Issuer Post-Enforcement Priority of Payments;

"Issuer Pre-Enforcement Principal Priority of Payments" means, in relation to:
(a) the First Issuer, the Second Issuer and the Third Issuer, the First Issuer
Pre-Enforcement Principal Priority of Payments, the Second Issuer
Pre-Enforcement Principal Priority of Payments and the Third Issuer
Pre-Enforcement Principal Priority of Payments, respectively; (b) any other
Funding Issuer, the Current Issuer Pre-Enforcement Principal Priority of
Payments; and (c) any Funding 2 Issuer, the Issuer Pre-Enforcement Principal
Priority of Payments;

"Issuer Pre-Enforcement Priority of Payments" means, in relation to: (a) the
First Issuer, the Second Issuer and the Third Issuer, the First Issuer
Pre-Enforcement Priority of Payments, the Second Issuer Pre-Enforcement
Priority of Payments and the Third Issuer Pre-Enforcement Priority of

                                      53
<PAGE>

Payments, respectively; (b) any other Funding Issuer, the Current Issuer
Pre-Enforcement Priority of Payments; and (c) any Funding 2 Issuer, the Issuer
Pre-Enforcement Priority of Payments;

"Issuer Pre-Enforcement Revenue Priority of Payments" means:

(a)   in respect of the Funding Issuers, in relation to the First Issuer, the
      Second Issuer and the Third Issuer, the First Issuer Pre-Enforcement
      Revenue Priority of Payments, the Second Issuer Pre-Enforcement Revenue
      Priority of Payments and the Third Issuer Pre-Enforcement Revenue
      Priority of Payments respectively, and in relation to any New Issuer,
      the Current Issuer Pre-Enforcement Revenue Priority of Payments as
      defined in the Issuer Master Definitions Schedule relating to that New
      Issuer;

(b)   in respect of any Funding 2 Issuers, the Issuer Pre-Enforcement Revenue
      Priority of Payments as defined in the Issuer Master Definitions
      Schedule relating to that Funding 2 Issuer;

"Issuer Principal Deficiency Ledger" means, in relation to the First Issuer,
the First Issuer Principal Deficiency Ledger and in relation to any other
Issuer, the ledger maintained by the Issuer Cash Manager in the name of such
Issuer which will be established on the relevant Closing Date (for any Funding
Issuer) and will be sub-divided into sub ledgers corresponding to the classes
of Notes issued by such Issuer in order to record Losses allocated to the
Intercompany Loan (in respect of any Funding Issuer) of such Issuer which are
to be allocated to such Notes, the application of Issuer Available Principal
Receipts of such Issuer in paying interest on the Notes issued by such Issuer
and certain amounts ranking in priority thereto in accordance with the Issuer
Pre-Enforcement Revenue Priority of Payments of such Issuer and the
application by Funding of Issuer Allocable Principal Receipts of the such
Issuer to fund or replenish the Issuer Liquidity Reserve Fund (if any) of such
Issuer;

"Issuer Reserve Fund Ledger" means, in relation to: (a) the First Issuer and
the Second Issuer, the First Issuer Reserve Fund Ledger and the Second Issuer
Reserve Fund Ledger, respectively; (b) any other Funding Issuer, the Current
Issuer Reserve Fund Ledger as defined in the Issuer Master Definitions
Schedule relating to such Funding Issuer; and (c) any Funding 2 Issuer, the
Issuer Reserve Fund Ledger as defined in the Issuer Master Definitions
Schedule relating to such Funding 2 Issuer, in each case maintained by the
Cash Manager in the name of Funding or Funding 2 (as applicable) to record the
amount credited to the Issuer Reserve Fund held by Funding or Funding 2 (as
applicable) in respect of such Issuer on the relevant Closing Date, and
subsequent withdrawals and deposits in respect of the Issuer Reserve Fund;

"Issuer Reserve Fund" means:

(a)   with respect to the Funding Issuers, in relation to the First Issuer,
      the First Issuer Reserve Fund, in relation to the Second Issuer, the
      Second Issuer Reserve Fund and in relation to any other Funding Issuer,
      the Current Issuer Reserve Fund as defined in the Issuer Master
      Definitions Schedule relating to that Funding Issuer, in each case
      established in the name of Funding in respect of such Funding Issuer as
      required under the terms of the relevant Intercompany Loan of such
      Funding Issuer on the relevant Closing Date in an amount equal to the
      Issuer Reserve Required Amount; and

(b)   with respect to the Funding 2 Issuers, the Issuer Reserve Fund as
      defined in the Issuer Master Definitions Schedule relating to that
      Funding 2 Issuer, in each case established on the relevant

                                      54
<PAGE>

      Closing Date in an amount equal to the Issuer Reserve Required Amount as
      defined in the Issuer Master Definitions Schedule relating to that
      Funding 2 Issuer;

"Issuer Reserve Minimum Amount" means, in relation to any Funding 2 Issuer, on
any date and subject to amendment as described in Schedule 4 to the Issuer
Deed of Charge, the amount calculated as the product of (a) one per cent. and
(b) the aggregate Principal Amount Outstanding of the Notes (including the
Principal Amount Outstanding of Notes issued by such Funding 2 Issuer on such
date;

"Issuer Reserve Required Amount" means, in relation to: (a) the First Issuer,
the First Issuer Reserve Required Amount (as defined in the Issuer Master
Definitions Schedule relating to the First Issuer); (b) the Second Issuer, the
Second Issuer Reserve Required Amount (as defined in the Issuer Master
Definitions Schedule relating to the Second Issuer); (c) any other Funding
Issuer, the Current Issuer Reserve Required Amount; and (d) any Funding 2
Issuer, the Issuer Reserve Required Amount as defined in the Issuer Master
Definitions Schedule relating to such Funding Issuer, in each case required to
be maintained in the Issuer Reserve Fund of such Issuer;

"Issuer Reserve Requirement" means:

(a) in relation to Funding and the Funding Issuers, a requirement that will be
satisfied in respect of any Funding Issuer if, after taking account of the
application of any Funding Available Revenue Receipts to the credit of the
Issuer Reserve Fund Ledgers, the amount of funds in the Issuer Reserve Fund of
such Issuer is equal to the relevant Issuer Reserve Required Amount;

(b) in relation to Funding 2 and the Funding 2 Issuers, a requirement that
will be satisfied on a Monthly Payment Date if, after taking account of the
payment of any Funding 2 Available Revenue Receipts to the credit of the
Funding 2 Reserve Ledger and any payment of Issuer Available Revenue Receipts
to the Issuer Reserve Ledger, the amount of funds in the Funding 2 Reserve
Fund and the Issuer Reserve Fund is equal to the Programme Reserve Required
Amount;

"Issuer Secured Creditors" means:

(a)   in respect of the Funding Issuers, in relation to the First Issuer, the
      Second Issuer and the Third Issuer, the First Issuer Secured Creditors,
      the Second Issuer Secured Creditors and the Third Issuer Secured
      Creditors respectively and in relation to any New Issuer, the Current
      Issuer Secured Creditors as defined in the Issuer Master Definitions
      Schedule relating to that New Issuer;

(b)   in respect of any Funding 2 Issuer, the Issuer Secured Creditors as
      defined in the Issuer Master Definitions Schedule relating to that
      Funding 2 Issuer;

"Issuer Security" means in relation any Issuer, the security created by such
Issuer pursuant to the relevant Issuer Deed of Charge for the benefit of the
relevant Issuer Secured Creditors;

"Issuer Security Trustee" means The Bank of New York , whose principal office
is at 40th Floor, One Canada Square, London E14 5AL, or such other persons and
all other persons for the time being acting as the security trustee or
security trustees pursuant to the Issuer Deed of Charge;

"Issuer Start-up Loan Agreement" means:

(a)   in relation to any Funding Issuer, the agreement entered into on or
      about the Closing Date in relation to that Issuer between Funding, the
      relevant Start-up Loan Provider and the Security Trustee relating to the
      provision of the Issuer Start-up Loan to Funding and shall include any

                                      55
<PAGE>

      additional and/or replacement start-up loan agreement entered into by
      such parties in accordance with the Transaction Documents;

(b)   in relation to any Funding 2 Issuer, the agreement(s) entered into on or
      after the Funding 2 Programme Date between that Issuer, the relevant
      Start-up Loan Provider and the Funding 2 Security Trustee relating to
      the provision of the Issuer Start-up Loans to that Issuer and shall
      include any additional and/or replacement start-up loan agreement
      entered into by such parties in accordance with the Transaction
      Documents;

"Issuer Start-Up Loan Provider" means Northern Rock, in its capacity as
provider of an Issuer Start-Up Loan and/or such other person or persons for
the time being the lender under the relevant Issuer Start-Up Loan Agreement;

"Issuer Swap Agreements", in respect of any Funding 2 Issuer, means the ISDA
Master Agreements, Schedules thereto and Confirmations thereunder relating to
the Issuer Swaps to be entered into on or about each Closing Date, and any
Credit Support Annexes or other credit support documents entered into at any
time, as amended from time to time, among the Issuer, the applicable Issuer
Swap Provider and the applicable Issuer Security Trustee and/or any credit
support provider and includes any additional and/or replacement Issuer Swap
Agreement entered into by the Issuer from time to time in connection with the
Notes;

"Issuer Swap Excluded Termination Amount" means, in relation to an Issuer Swap
Agreement, following the application of all or any part of any Swap
Replacement Premium in accordance with the applicable Issuer Deed of Charge
and the applicable Issuer Cash Management Agreement, an amount equal to any
termination payment due and payable to the relevant Issuer Swap Provider as a
result of a Swap Provider Default in relation to that Issuer Swap Provider;

"Issuer Swap Provider" means, in respect of any Funding 2 Issuer, the
institutions identified in respect of each Issuer Swap in the Note Supplement
and the Issuer Swap Agreement related to the relevant Series and Class of
Notes;

"Issuer Swaps" means the currency and interest rate swaps entered into between
a Funding 2 Issuer and an Issuer Swap Provider which enable such Funding 2
Issuer to receive and pay amounts under the relevant Funding 2 Intercompany
Loan Agreement in sterling and to receive and pay amounts under the Notes
issued by such Issuer not denominated in sterling in the applicable Specified
Currency and/or which will hedge such Funding 2 Issuer's payment obligations
against movement in interest rates where there is a possible difference
between an interest rate applicable to amounts received by such Issuer under a
Loan Tranche and the interest rate applicable to amounts to be paid by the
Issuer in respect of the related Series and Class of Notes;

"Issuer Transaction Accounts" means, in relation to the First Issuer, the
Second Issuer and the Third Issuer, the First Issuer Transaction Accounts, the
Second Issuer Transaction Accounts and the Third Issuer Transaction Accounts
and in relation to any other Issuer, the Current Issuer Transaction Accounts
or Issuer Transaction Accounts as defined in the Issuer Master Definitions
Schedule relating to that Issuer;

"Issuer Transaction Documents" means, in relation to: (a) the First Issuer,
the Second Issuer and the Third Issuer, the First Issuer Transaction
Documents, the Second Issuer Transaction Documents and the Third Issuer
Transaction Documents, respectively; (b) any other Funding Issuer, the Current
Issuer Transaction Documents as defined in the Issuer Master Definitions
Schedule relating to such Funding

                                      56
<PAGE>

Issuer; and (c) any Funding 2 Issuer, the Issuer Transaction Documents as
defined in the Issuer Master Definitions Schedule relating to such Funding 2
Issuer;

"Issuer Trust Deed" means, in relation to an Issuer, the Note Trust Deed
entered into by that Issuer;

"Issuer" means, as applicable, a Funding Issuer or a Funding 2 Issuer;

"Jersey Account Bank" means Lloyds TSB Bank plc, Jersey International Branch,
4 Bond Street, St Helier, Jersey JE4 8ZE, Channel Islands;

"Lead Manager" means, in relation to any Series of Notes, the person named as
the Lead Manager in the applicable Subscription Agreement or, when only one
Dealer signs such Subscription Agreement, such Dealer;

"Lending Criteria" means the lending criteria of the Seller in respect of
Mortgage Loans other than Personal Secured Loans which may be amended from
time to time (forming part of the Seller's Policy) which as at 1 January 2004
is set out in Schedule 12 (Lending Criteria) to the Mortgage Sale Agreement
and/or such other criteria as would be acceptable to a reasonable, prudent
mortgage lender. Lending Criteria for Personal Secured Loans are generally
similar though not as extensive as the Lending Criteria applicable to other
Mortgage Loans;

"Liabilities" means all liabilities, losses, damages, costs, expenses,
actions, proceedings, claims and demands (including, without limitation, legal
fees and any applicable value added tax or similar tax;

"LIBOR" means, in relation to Funding and the Funding Issuers, unless stated
otherwise, the London inter-bank offered rate for deposits in the relevant
currency, as determined by the relevant Agent Bank in respect of the related
Notes as specified in the Conditions or otherwise on the following basis:

(a)   on the applicable Interest Determination Date the Agent Bank will
      determine the offered quotation to leading banks for deposits in the
      relevant currency for a period equal to the relevant period, to be
      determined by reference to the display as quoted on the
      Dow-Jones/Telerate Page No. 3750. If the Telerate Page No. 3750 stops
      providing these quotations, the replacement page for the purposes of
      displaying this information will be used. If the replacement page stops
      displaying the information, another service as determined by the
      relevant Issuer with the approval of the Note Trustee will be used. In
      each of these cases, such determination will be made as at or about
      11.00 a.m. (London time) on such date;

(b)   if, on any such Interest Determination Date, the screen rate is
      unavailable, the Agent Bank will:

      (i)   request the principal London office of each of the Reference Banks
            to provide the Agent Bank with its offered quotation to leading
            banks for deposits in the relevant currency of the equivalent
            amount, and for a time equal to the relevant period, in the London
            inter-bank market as at or about 11.00 a.m. (London time) on such
            date; and

      (ii)  calculate the arithmetic mean, rounded upwards to five decimal
            places, of those quotations;

(c)   if on any such Interest Determination Date, the screen rate is
      unavailable and only two or three of the Reference Banks provide offered
      quotations, the relevant rate for the relevant period will be the
      arithmetic mean of the quotations as calculated in (b); and

(d)   if fewer than two Reference Banks provide quotations, the Agent Bank
      will consult with the Note Trustee and the relevant Issuer for the
      purpose of agreeing a total of two banks to

                                      57
<PAGE>

      provide such quotations and the relevant rate for the relevant period
      will be the arithmetic mean of the quotations as calculated in (b). If
      no such banks agree then the relevant rate for the relevant period will
      be the rate in effect for the last preceding such period for which (a)
      or (b) was applicable; and

in relation to Funding 2 and the Funding 2 Issuers, the London Interbank
Offered Rate for deposits in the relevant currency;

"Life Policy" means each life insurance and/or assurance policy which serves
as collateral security for the repayment of a Mortgage Loan;

"Lloyds TSB Collection Account" means the account in the name of Northern Rock
as Administrator (sort code 30/00/02, account number 0893639) held with Lloyds
TSB Bank plc and maintained subject to the terms of the Collection Bank
Agreement or such additional or replacement account as may for the time being
be in place;

"Lloyds TSB" means Lloyds TSB Bank plc;

"Loan Payment Date" means, in respect of a Loan Tranche, the Monthly Payment
Date(s) specified in the Loan Tranche Supplement for the payment of interest
and/or principal, subject to the terms of the Global Intercompany Loan
Agreement;

"Loan Tranches" means the AAA Loan Tranches, the AA Loan Tranches, the A Loan
Tranches, the BBB Loan Tranches and the BB Loan Tranches, being the advances
made by the Master Issuer to Funding 2 pursuant to the Global Intercompany
Loan Agreement, each being funded from proceeds received by the Master Issuer
from the issue of a Series and Class of Notes;

"Loan Repurchase Notice" means the notice served upon the Seller by the
Mortgages Trustee or upon the Mortgages Trustee by the Seller requiring the
repurchase by or re-transfer to (pursuant to Clause 8.4 (Repurchase) of the
Mortgage Sale Agreement) or purchase by or transfer to (pursuant to Clause 8.5
(Purchase of Product Switches, Further Advances and purchases relating to
Personal Secured Loans) of the Mortgage Sale Agreement) the Seller of
specified Mortgage Loans and their Related Security, as set forth in Schedule
7 to the Mortgage Sale Agreement;

"Loan Tranche Interest Amount" in respect of a Loan Tranche, has the meaning
given to it in Clause 7.3 (Determination of Loan Tranche Interest Amount) of
the Global Intercompany Loan Agreement;

"Loan Tranche Interest Commencement Date" means, in respect of a Loan Tranche,
the Closing Date for such Loan Tranche specified as such in the applicable
Loan Tranche Supplement;

"Loan Tranche Interest Determination Date" means, in respect of a Loan
Tranche, for any Loan Tranche Interest Period for which the applicable Loan
Tranche Rate of Interest will apply, the first day of such Loan Tranche
Interest Period;

"Loan Tranche Interest Period" means, in relation to a Loan Tranche and any
Loan Payment Date, the period from (and including) the immediately preceding
Loan Payment Date for such Loan Tranche (or, in respect of the first Loan
Tranche Interest Period, the Loan Tranche Interest Commencement Date) to (but
excluding) the next following (or first) Loan Payment Date for such Loan
Tranche;

"Loan Tranche Interest Reset Date" means, in respect of a Loan Tranche, the
dates specified for such Loan Tranche in the applicable Loan Tranche
Supplement;

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"Loan Tranche Notice" means a document substantially in the form set out in
Schedule 1 (Form of Loan Tranche Notice) to the Global Intercompany Loan
Agreement setting out, amongst other things, the principal amount of each Loan
Tranche available for drawing on the next Closing Date;

"Loan Tranche Rate of Interest" in respect of a Loan Tranche, has the meaning
given to it in Clause 7.3 (Determination of Loan Tranche Interest Amount) of
the Global Intercompany Loan Agreement;

"Loan Tranche Rating" means the designated rating assigned to a Loan Tranche
which corresponds to the rating of the series and class of notes when first
issued to provide funds for that loan tranche so that, for example, any AAA
loan tranche has a loan tranche rating of "AAA" to reflect the ratings of
AAA/Aaa/AAA then assigned to the corresponding series and class of notes;

"Loan Tranche Supplement" means, in relation to any Loan Tranche, means the
document between, amongst others, Funding 2 and applicable Funding 2 Issuer
substantially in the form set out in Schedule 2 (Form of Loan Tranche
Supplement) to the Funding 2 Intercompany Loan Agreement entered into between
Funding 2 and such Funding 2 Issuer recording the principal terms of such Loan
Tranche;

"Loan Tranches" means the AAA loan tranches, the AA loan tranches, the A loan
tranches, the BBB loan tranches and the BB loan tranches, being the advances
made by a Funding 2 Issuer to Funding 2, pursuant to the Funding 2
Intercompany Loan Agreement between such Issuer and Funding 2, each being
funded from proceeds received by such Funding 2 Issuer from the issue of a
Series and Class of Notes;

"London Business Day" means a day (other than a Saturday or Sunday or public
holiday) on which banks are generally open for business in London;

"London Stock Exchange" means at any time the London Stock Exchange plc or any
other Person which at that time administers and manages the relevant primary
market in the United Kingdom upon which the Notes are formally admitted for
public trading;

"Losses Ledger" means the ledger of such name created and maintained by the
Cash Manager in the name of the Mortgages Trustee pursuant to the Cash
Management Agreement to record the Losses on the Mortgage Portfolio;

"Losses" means the realised losses experienced on the Mortgage Loans which are
in the Mortgages Portfolio;

"LTV ratio" or "loan-to-value ratio" means , in respect of any Mortgage Loan
assigned to the Mortgages Trustee, the ratio of the outstanding balance of
such Mortgage Loan to the value of the Mortgaged Property securing such
Mortgage Loan; and in respect of the Seller's decision as to whether to make a
mortgage loan to a prospective borrower and for purposes of determining
whether a MIG Policy is necessary in connection with a mortgage loan, the
ratio of the outstanding balance of such mortgage loan to the lower of the
purchase price or valuation of the mortgages property securing such mortgage
loan as determined by the relevant valuation by the Seller;

"LTV tests" mean two tests which assign a credit enhancement value (i) to each
Mortgage Loan in the Mortgage Portfolio based on its current LTV ratio and the
amount of mortgage indemnity cover on that Mortgage Loan, and (ii) calculated
to include any related unsecured portion of a Mortgage Loan in respect of the
Together product based on its current LTV ratio and the amount of mortgage
indemnity cover on that mortgage loan. The weighted average credit enhancement
value of the Mortgage Portfolio is then determined;

                                      59
<PAGE>

"Mandates" means the resolutions, instructions and signature authorities
relating to any of the Barclays Collection Account, the Lloyds TSB Collection
Account, the Mortgages Trustee Bank Accounts, the Funding Bank Accounts, the
Funding 2 Bank Accounts and the Issuer Transaction Accounts in the respective
forms agreed between the relevant parties from time to time in accordance with
the Collection Bank Agreement, the Bank Account Agreement, the Funding 2 Bank
Account Agreement, the relevant Funding (Issuer) Bank Account Agreement and
the relevant Issuer Bank Account Agreement, as applicable;

"Market" means the London Stock Exchange's Gilt Edged and Fixed Interest
Market or such other market of the London Stock Exchange as shall be
designated as a "regulated market" within the meaning of Directive 93/22/EC;

"Master Definitions Schedule" means this Master Definitions Schedule signed
for the purposes of identification by Brown & Wood and Clifford Chance Limited
Liability Partnership on or about the Initial Closing Date, as the same may be
amended, varied or supplemented from time to time, which is a schedule of the
definitions used in the Transaction Documents;

"Master Issuer" means Granite Master Issuer plc;

"MHA Documentation" means an affidavit, declaration, consent or renunciation
granted in terms of the Matrimonial Homes (Family Protection) (Scotland) Act
1981 and/or (if applicable) the Civil Partnership Act 2004 in connection with
a Scottish Mortgage or the Mortgaged Property secured thereby;

"MIG Policies" means the MIG insurance policy identified in paragraph 1 of
Schedule 4 (Insurance Contracts) to the Mortgage Sale Agreement and any
endorsements or extensions thereto as issued from time to time and any
additional, replacement or substitute MIG insurance policy which relates to
the Mortgage Loans in the Mortgages Portfolio from time to time;

"Minimum Seller Share" means an amount included in the Initial Seller Share
which is calculated in accordance with Clause 9.2 (Fluctuation of Minimum
Seller Share on each Distribution Date) of the Mortgages Trust Deed and which,
as at the Initial Closing Date was (pound)50,000,000. The Minimum Seller Share
may be recalculated in accordance with the Mortgages Trust Deed;

"Money Market Notes" means, in respect of any Issuer, the Money Market Notes
as defined in the relevant Issuer Master Definitions Schedule and eligible for
purchase by money market funds under Rule 2a-7 of the US Investment Company
Act of 1940, as amended;

"Monthly CPR" means, on any Trust Determination Date, the total Mortgages
Trustee Principal Receipts received by the Mortgages Trustee during the
immediately preceding Trust Calculation Period date divided by the aggregate
Outstanding Principal Balance of the Mortgage Loans comprised in the Trust
Property as at the immediately preceding Trust Determination Date.

"Monthly Payment Date" means:

(a)   in respect of any Mortgage Loan, the date in each month on which the
      relevant Borrower is required to make a payment of interest and, if
      applicable, principal for that Mortgage Loan, as required by the
      applicable Mortgage Conditions; and

(b)   in respect of the Master Issuer (and each Series and Class of Notes) and
      Funding 2 (and each Loan Tranche), the date falling on the 20th day of
      each calendar month subject to the appropriate business day convention
      (if any) specified (in relation to a Series and Class of

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<PAGE>

      Notes) in the applicable Note Supplement or (in relation to a Loan
      Tranche) in the applicable Loan Tranche Supplement;

"Monthly Payment" means, in respect of a Mortgage Loan, the amount which the
applicable Mortgage Conditions require a Borrower to pay on a Monthly Payment
Date in respect of such Mortgage Loan;

"Moody's" means Moody's Investors Services Inc. and includes any successor to
its rating business;

"Moody's Portfolio Variation Test" means the calculation methodology provided
by Moody's to the Administrator from time to time for the purpose of
calculating the Moody's Portfolio Variation Test Value;

"Moody's Portfolio Variation Test Value" means a certain percentage resulting
from the application of the Moody's Portfolio Variation Test;

"Mortgage" means (i) in respect of any Mortgage Loan in the Mortgage Portfolio
(other than Regulated Personal Secured Loans), the first priority charge by
way of legal mortgage (in relation to English Mortgage Loans) or first
priority standard security (in relation to Scottish Mortgage Loans), in each
case which secures the repayment of that Mortgage Loan including the Mortgage
Conditions applicable to it; and (ii) in respect of any Regulated Personal
Secured Loan in the Mortgage Portfolio, the second priority or lower ranking
charge by way of legal mortgage (in relation to English Mortgage Loans) or the
second priority or lower ranking standard security (in relation to Scottish
Mortgage Loans), in each case which secures the repayment of that Regulated
Personal Secured Loan including the Mortgage Conditions applicable to it;

"Mortgage Account" means as the context requires (i) all Mortgage Loans
secured on the same Mortgaged Property and thereby forming a single mortgage
account or (ii) an account maintained by the Administrator in respect of a
particular Mortgage Loan to record all amounts due in respect of that Mortgage
Loan (whether by way of principal, interest or otherwise) and all amounts
received in respect thereof;

"Mortgage Conditions" means, in relation to a Mortgage Loan, the terms and
conditions applicable to that Mortgage Loan and its Related Security as set
out in the relevant Seller's "Mortgage Conditions" booklet and the Seller's
relevant general conditions from time to time as varied by the relevant
Mortgage Loan Agreement and the relevant Mortgage Deed, and any variation or
supplement thereto;

"Mortgage Deed" means, in relation to each Mortgage, the deed creating such
Mortgage including, unless the context otherwise requires, the Mortgage
Conditions applicable thereto;

"Mortgage Loan Agreement" means, in relation to any Mortgage Loan, the
agreement, facility letter or accepted offer of advance pursuant to which the
monies secured by the relevant Mortgage were advanced to the Borrower (as
varied from time to time in accordance with the applicable Mortgage Conditions
and including any modifying agreement within the meaning of Section 82 of the
Consumer Credit Act 1974 insofar as it relates to that Mortgage Loan);

"Mortgage Loan Files" means, in relation to each Mortgage Loan, the file or
files (including files kept in microfiche format or similar electronic data
retrieval system) containing correspondence between the Borrower and the
Seller and including the Standard Mortgage Documentation applicable to that
Mortgage Loan, each letter of offer in respect of such Mortgage Loan and other
relevant documents;

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"Mortgage Loan" means unless specified otherwise any mortgage loan (including
for the avoidance of doubt any Personal Secured Loan) and any Permitted
Replacement Mortgage Loan which is sold and assigned by the Seller to the
Mortgages Trustee from time to time pursuant to the terms of the Mortgage Sale
Agreement and referenced by its mortgage loan identifier number and comprising
the aggregate of all principal sums, interest, costs, charges, expenses and
other monies (including all Further Advances) due or owing with respect to
that Mortgage Loan under the relevant Mortgage Conditions by a Borrower on the
security of a Mortgage from time to time outstanding or, as the context may
require, the Borrower's obligations in respect of the same;

"Mortgage Portfolio" means, as of any date of determination, the Initial
Mortgage Portfolio and the Further Mortgage Portfolios assigned to the
Mortgages Trustee prior to such date of determination, taking account of,
among other things, amortisation of Mortgage Loans in that portfolio and the
addition and/or removal of any Mortgage Loans to or from that portfolio since
the last such assignment;

"Mortgage Rate" means the rate at which interest accrues on a Mortgage Loan
from time to time;

"Mortgage Sale Agreement" means the mortgage sale agreement entered into on or
about the Initial Closing Date among the Seller, the Mortgages Trustee,
Funding and the Security Trustee in relation to the assignment from time to
time of the Mortgage Portfolio to the Mortgages Trustee as may be amended,
restated, novated, varied or supplemented from time to time and shall include
any additional and/or replacement mortgage sale agreement entered into by such
parties from time to time in accordance with the Transaction Documents;

"Mortgage Terms" means, in relation to a Mortgage Loan and the relevant
Mortgage, the applicable Mortgage Conditions;

"Mortgaged Property" means, in relation to any Mortgage Loan, the freehold or
leasehold property in England and Wales or (as applicable) the heritable or
long leasehold property in Scotland and, in each case, all rights and security
attached or appurtenant or related thereto and all buildings and fixtures
thereon which are subject to the Mortgage securing repayment of such Mortgage
Loan;

"Mortgagee" means, in relation to any Mortgage Loan, the person for the time
being entitled to exercise the rights of the mortgagee or (in Scotland)
Heritable Creditor under the relevant Mortgage securing repayment of such
Mortgage Loan;

"Mortgages Trust Deed" means the mortgages trust deed entered into among the
Mortgages Trustee, Funding and the Seller on 26 March 2001 and shall include
any additional and/or replacement mortgage trust deed entered into by such
parties from time to time in accordance with the Transaction Documents;

"Mortgages Trust Transaction Documents" means the Mortgages Trust Deed, the
Controlling Beneficiary Deed, the Mortgages Sale Agreement, the Cash
Management Agreement, the Administration Agreement, the Bank Account
Agreement, the Collection Bank Agreement, the Mortgages Trust Guaranteed
Investment Contract, the Stand-by Bank Account Agreement; the Stand-by
Mortgages Trustee Guaranteed Investment Contract, and any other deed,
agreement or other document to which the Mortgages Trustee is a party.

"Mortgages Trust" means the bare trust of the Trust Property as to both
capital and income, held by the Mortgages Trustee on trust absolutely for
Funding (as to the Funding Share), Funding 2 (as to the

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Funding 2 Share) and the Seller (as to the Seller Share) pursuant to the
Mortgages Trust Deed so that each Beneficiary has an undivided beneficial
interest therein;

"Mortgages Trustee Available Revenue Receipts" means on any Distribution Date
an amount equal to the aggregate of (in each case in the period prior to the
end of the immediately preceding Trust Calculation Period):

(a)   Revenue Receipts received by the Mortgages Trustee (which shall include,
      in respect of any Non-Flexible Mortgage Loan only, the amount of any
      Overpayment made by the Borrower in respect of such Mortgage Loan as is
      equal to the amount of any Underpayment of interest made by such
      Borrower in respect of such Mortgage Loan in the immediately preceding
      Trust Calculation Period provided that such Underpayment of interest is
      made prior to 31 December in the year in which such Overpayment is
      received from the Borrower),

(b)   interest payable to the Mortgages Trustee on the Mortgages Trustee Bank
      Accounts, which will be received on or prior to the relevant
      Distribution Date, and

(c)   any Contribution paid by the Seller to the Mortgages Trustee to fund any
      Non-Cash Re-Draw in respect of any Flexible Mortgage Loan,

      less

(d)   Third Party Amounts, and

(e)   amounts distributed on each previous Distribution Date in accordance
      with the Mortgages Trust Distribution of Revenue Receipts

PROVIDED THAT Revenue Receipts in paragraph (a) above shall for this purpose
include such amount of any Overpayment made by a Borrower in respect of a
Non-Flexible Mortgage Loan and standing to the credit of the Overpayments
Ledger as is applied on such date in reduction of any Underpayment of Interest
made by such Borrower in respect of such Mortgage Loan in the immediately
preceding Trust Calculation Period (provided that such Underpayment of
Interest is made prior to 31 December in the year in which such Overpayment is
received from the Borrower) in accordance with Clause 13.1 (Non-Flexible
Mortgage Loans) of the Mortgages Trust Deed;

"Mortgages Trustee Bank Accounts" means the Mortgages Trustee Transaction
Account and the Mortgages Trustee GIC Account;

"Mortgages Trustee Collection Accounts Amounts" means all amounts from time to
time standing to the credit of the Collection Accounts to the extent that such
amounts represent payments into the Collection Accounts of sums derived or
resulting from the Mortgage Loans and their Related Security sold to the
Mortgages Trustee pursuant to the Mortgage Sale Agreement;

"Mortgages Trustee Distribution of Principal Receipts" means the order in
which the Cash Manager will apply the Mortgages Trustee Principal Receipts on
each Distribution Date, as set forth in Clause 11 (Distribution of Principal
Receipts) of the Mortgages Trust Deed;

"Mortgages Trustee Distribution of Revenue Receipts" means the order in which
the Cash Manager will apply the Mortgages Trustee Available Revenue Receipts
on each Distribution Date, as set forth in Clause 10 (Distribution of Revenue
Receipts) of the Mortgages Trust Deed;

"Mortgages Trustee GIC Account Mandate" means the resolutions, instructions
and signature authorities relating to the Mortgages Trustee GIC Account
substantially in the form set out in Schedule 1 to the Bank Account Agreement;

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"Mortgages Trustee GIC Account" means the account in the name of the Mortgages
Trustee (sort code 30-00-59, account number 00000000, reference 1322000) held
at Northern Rock and maintained subject to the terms of Mortgages Trustee
Guaranteed Investment Contract and the Bank Account Agreement and such
additional or replacement bank accounts of the Mortgages Trustee as may for
the time being be in place with the prior consent of the Security Trustee;

"Mortgages Trustee GIC Provider" means Northern Rock or such other person or
persons as are for the time being the GIC Provider to the Mortgages Trustee
under the Mortgages Trustee Guaranteed Investment Contract;

"Mortgages Trustee Guaranteed Investment Contract" means the guaranteed
investment contract dated on or about the Initial Closing Date between the
Mortgages Trustee, the Mortgages Trustee GIC Provider, the Security Trustee
and the Cash Manager under which the Mortgages Trustee GIC Provider agrees to
pay the Mortgages Trustee a guaranteed rate of interest on the balance of the
Mortgages Trustee GIC Account from time to time and shall include any
additional and/or replacement guaranteed investment contract entered into by
the Mortgages Trustee from time to time in accordance with the Transaction
Documents;

"Mortgages Trustee Ledgers" means all of the ledgers as are required to be
maintained pursuant to Clause 15 (Ledgers) of the Mortgages Trust Deed;

"Mortgages Trustee Principal Priority of Payments" means the order in which
the Cash Manager will apply the Mortgages Trustee Principal Receipts on each
Distribution Date, as set forth in Clause 11 (Distribution of Principal
Receipts) of the Mortgages Trust Deed;

"Mortgages Trustee Principal Receipts" means, on any Distribution Date, any
Mortgages Trustee Retained Principal Receipts plus the Principal Receipts
received by the Mortgages Trustee in the immediately preceding Trust
Calculation Period which may be distributed, subject to Clause 13
(Overpayments) of the Mortgages Trust Deed, in accordance with Clause 11 of
the Mortgages Trust Deed;

"Mortgages Trustee Priority of Payments" means, as applicable, the Mortgages
Trustee Revenue Priority of Payments or the Mortgages Trustee Principal
Priority of Payments;

"Mortgages Trustee Retained Principal Receipts" means on a Seller Share Event
Distribution Date, the Mortgages Trustee Principal Receipts which are not
distributed to the Seller by the Cash Manager and which are instead deposited
into the Mortgages Trustee GIC Account pursuant to the Mortgages Trust Deed;

"Mortgages Trustee Revenue Priority of Payments" means the order in which the
Cash Manager will apply the Mortgages Trustee Available Revenue Receipts on
each Distribution Date, as set forth in Clause 10 (Distribution of Revenue
Receipts) of the Mortgages Trust Deed;

"Mortgages Trustee Transaction Account Mandate" means the resolutions,
instructions and signature authorities relating to the Mortgages Trustee
Transaction Account substantially in the form set out in Schedule 1 to the
Bank Account Agreement;

"Mortgages Trustee Transaction Account" means the account in the name of the
Mortgages Trustee (sort code 30/16/63, account number 27033010) held at the
Account Bank and maintained subject to the terms of the Bank Account
Agreement, or such additional or replacement bank account of the Mortgages
Trustee as may for the time being be in place;

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"Mortgages Trustee" means Granite Finance Trustees Limited, a company
incorporated with limited liability under the laws of Jersey, registered
number 79309;

"New Funding 2 Secured Creditor" means any person identified as such in any
Deed of Accession executed pursuant to the Funding 2 Deed of Charge by such
person and the other parties thereto;

"New Funding Secured Creditor" means any person identified as such in any Deed
of Accession executed pursuant to the Funding Deed of Charge by such person
and the other parties thereto;

"New Intercompany Loan" means a loan of the net proceeds of any issue of New
Notes, such loan being advanced to Funding by a New Issuer pursuant to the
terms of a New Intercompany Loan Agreement;

"New Intercompany Loan Agreement" means a new intercompany loan agreement
entered into between Funding and a New Issuer in relation to a New
Intercompany Loan;

"New Issuer" means, in respect of: (a) Funding, a new wholly-owned subsidiary
of Funding, which is established to issue New Notes and to make a New
Intercompany Loan to Funding; and (b) in respect of Funding 2, a new
wholly-owned subsidiary of Funding 2, which is established to issue New Notes
and to make a Funding 2 Intercompany Loan to Funding 2 and may also be
referred to as "New Funding 2 Issuer";

"New Mortgage Loans" means Mortgage Loans, other than the Initial Mortgage
Loans, which the Seller may sell and assign, from time to time, to the
Mortgages Trustee after the Initial Closing Date pursuant to the Mortgage Sale
Agreement;

"New Mortgage Portfolio" means any portfolio of Mortgage Loans and their
Related Security which are sold and assigned to the Mortgages Trustee on or
about the relevant Assignment Date, particulars of which are set out in the
Schedule to each New Mortgage Portfolio Notice delivered pursuant to the
Mortgage Sale Agreement but excluding any such Mortgage Loan and its Related
Security which has been redeemed in full on or before the relevant Assignment
Date, and (subject where applicable to the subsisting rights of redemption of
the Borrowers) all right, title, interest and benefit of the Seller in and to:

(a)   all sums of principal, interest (including, for the avoidance of doubt,
      all Accrued Interest, Arrears of Interest and Capitalised Arrears) and
      any other sum due or to become due under or in respect of such Mortgage
      Loans and their Related Security on or after such Closing Date and all
      sums of interest and other sums payable (but not paid before such
      Closing Date) in respect of any period before such Closing Date and
      including, without limitation, the right to demand, sue for, recover and
      give receipts for all such principal, interest or other amounts, the
      right to sue on all covenants and undertakings made or expressed to be
      made in favour of the Seller under the applicable Mortgage and all sums
      due or to become due in respect of any Early Repayment Charge;

(b)   the benefit of all securities for such principal, interest and other
      sums payable (including without limitation any interest of the Seller in
      any Life Policy), the benefit of all Deeds of Consent, MHA Documentation
      and Deeds of Postponement, any Guarantee in respect of such Mortgage
      Loan or any other collateral security for the repayment of the relevant
      Mortgage Loans secured by the Mortgages;

(c)   the right to exercise all the powers of the Seller in relation thereto
      subject to and in accordance with the relevant Mortgage Conditions;

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(d)   all the estate and interest in the Mortgaged Properties in relation
      thereto vested in the Seller;

(e)   to the extent they are assignable, each Certificate of Title and
      Valuation Report and any right of action of the Seller against any
      solicitor, valuer or other person in connection with any report,
      valuation, opinion, certificate or other statement of fact or opinion
      given in connection with any Mortgage Loan and its Related Security in
      that portfolio of Mortgage Loans, or any part thereof or affecting the
      decision of the Seller to make or offer to make the relevant Mortgage
      Loan or part thereof;

(f)   the Buildings Policies and Insurance Contracts, in each case so far as
      they relate to such Mortgage Loans comprised in that portfolio of
      Mortgage Loans and their Related Security, including the right to
      receive the proceeds of all claims made or to be made by or on behalf of
      the Seller or to which the Seller is or may become entitled;

(g)   the MIG Policies, so far as they relate to such Mortgage Loans comprised
      in that portfolio of Mortgage Loans and their Related Security,
      including the right to receive of all claims made or to be made by or on
      behalf of the Seller or to which the Seller is or may become entitled;

"New Notes" means the notes issued and/or to be issued by the New Issuers to
investors;

"New Start-Up Loan Agreement" means, in relation to: (a) Funding, any new
start-up loan agreement entered into from time to time between Funding and a
New Start-Up Loan Provider pursuant to which a New Start-Up Loan is advanced
to Funding; and (b) any Funding 2 Issuer, any new start-up loan agreement
entered into from time to time between such Funding 2 Issuer and a New
Start-Up Loan Provider pursuant to which a New Start-Up Loan is advanced to
such Funding 2 Issuer;

"New Start-Up Loan Provider" means the lender under any New Start-Up Loan
Agreement;

"New Start-Up Loan" means, in relation to: (a) Funding, a start-up loan made
by a New Start-Up Loan Provider to Funding under a New Start-Up Loan
Agreement; and (b) any Funding 2 Issuer, a start-up loan made by a New
Start-Up Loan Provider to such Funding 2 Issuer under a New Start-Up Loan
Agreement;

"New York Business Day" means a day (other than a Saturday or a Sunday or
public holiday) on which banks are generally open in the city of New York;

"New Trust Property" means as the context requires, each New Mortgage
Portfolio from time to time sold and assigned by the Seller to the Mortgages
Trustee or as of any Closing Date the New Mortgage Portfolio sold and assigned
to the Mortgages Trustee on such date or as of any Distribution Date, any and
all New Mortgage Portfolios assigned by the Seller to the Mortgages Trustee
during the immediately preceding Trust Calculation Period;

"Non-Asset Trigger Event" means the occurrence of any of the following events:

(a)   an Insolvency Event occurs in relation to the Seller;

(b)   the role of the Seller as Administrator under the Administration
      Agreement is terminated and a new Administrator is not appointed within
      60 days; or

(c)   on the Distribution Date immediately succeeding a Seller Share Event
      Distribution Date, the Current Seller Share is equal to or less than the
      Minimum Seller Share (determined using the amounts of the Current Seller
      Share and Minimum Seller Share that would exist after making
      distributions of Mortgages Trustee Principal Receipts due on that
      Distribution Date on the basis that the Cash Manager assumes that those
      Mortgages Trustee Principal Receipts are

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      distributed in the manner described under the Mortgages Trustee
      Principal Priority of Payments set forth in Clause 11.1 of the Mortgages
      Trust Deed;

"Non-Cash Re-Draw" means an Authorised Underpayment or a Payment Holiday under
a Flexible Mortgage Loan included in the Mortgages Trust, which will result in
the Seller being required to pay to the Mortgages Trustee an amount equal to
the Unpaid Interest associated with that Authorised Underpayment or Payment
Holiday;

"Non-Cash Re-Draws Sub Ledger" means the sub-ledger of the Re-Draws Ledger,
which will be established by the Cash Manager on the Initial Closing Date in
order to record any Non-Cash Re-Draws made with respect to Flexible Mortgage
Loans;

"Non-Flexible Mortgage Loan" means a Mortgage Loan other than a Flexible
Mortgage Loan;

"Non-Flexible Overpayments Sub Ledger" means the sub-ledger of the
Overpayments Ledger corresponding to Non-Flexible Mortgage Loans, which was
established by the Cash Manager on the Initial Closing Date in order to record
any Overpayments made with respect to Non-Flexible Mortgage Loans;

"Non-Flexible Underpayments Ledger" means the ledger maintained by the Cash
Manager in the name of the Mortgages Trustee pursuant to the Cash Management
Agreement to record any Underpayments made with respect to Non-Flexible
Mortgage Loans in the Mortgages Trust from time to time;

"Northern Rock Collection Accounts Amounts" means all amounts from time to
time standing to the credit of the Collection Accounts to the extent that such
amounts represent payments into the Collection Accounts of sums derived or
resulting from mortgage loans originated by Northern Rock which have not been
sold to the Mortgages Trustee pursuant to the Mortgage Sale Agreement;

"Northern Rock" means Northern Rock plc (registered number 3273685), a public
limited company incorporated under the laws of England and Wales, whose
registered office is at Northern Rock House, Gosforth, Newcastle upon Tyne NE3
4PL;

"Note Enforcement Notice" means, in relation to any Funding Issuer, a notice
issued by the Notes Trustee to such Funding Issuer and the Security Trustee
declaring the Notes issued by such Funding Issuer or any class of such Notes
to be due and repayable pursuant to the Conditions of such New Notes;

"Note Event of Default" means, in relation to a Funding 2 Issuer, the
occurrence of an event of default by such Issuer as specified in the terms and
conditions of the Notes;

"Note Payment Date" means, in respect of a Series and Class of Notes, the
Monthly Payment Date(s) specified in the Note Supplement for the payment of
interest and/or principal subject to the Terms and Conditions of the Notes;

"Note Principal Payment" means the principal amount redeemable from time to
time on each Note in accordance with the Conditions;

"Note Supplement" means, as applicable, either (a) a Prospectus Supplement; or
(b) any Final Terms;

"Note Trust Deed" means, in relation to any Issuer, the trust deed entered
into between that Issuer and the Note Trustee in respect of that Issuer
(together with any supplemental deed) that constitutes the Notes of that
Issuer;

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"Note Trustee" means, in relation to an Issuer, The Bank of New York, or such
person or persons for the time being acting as note trustee or trustees
pursuant to the Note Trust Deed entered into by that Issuer;

"Noteholders" means, in relation to: (a) the First Issuer Notes, the Class A
Noteholders, the Class B Noteholders and the Class C Noteholders or any of
them; and (b) any New Notes, the holders for the time being of such New Notes;

"Notes" means, in relation to the First Issuer, the First Issuer Notes and, in
relation to any other Issuer, the Notes issued by such Issuer;

"Offer Conditions" means the terms and conditions applicable to a specified
Mortgage Loan as set out in the relevant offer letter to the Borrower;

"Official List" means the Official List maintained by the UK Listing Authority;

"Operating Agreements" means the Administration Agreement, the Mortgage Sale
Agreement, the Seller's Power of Attorney and the Mortgages Trust Deed;

"Original Bullet Loan Tranche" means a Loan Tranche which has, at any time,
been a Bullet Loan Tranche, even if such Loan Tranche has subsequently become
a Pass-Through Loan Tranche;

"Original Pass-Through Loan Tranche" means a Loan Tranche which, at the time
it was advanced, was a Pass-Through Loan Tranche;

"outstanding" when used in respect of any Notes, has the meaning set out in
the Issuer Trust Deed constituting such Notes;

"Outstanding Principal Balance" means:

(a)   in relation to any Note and as of any date, means the unpaid principal
      balance of that Note at such date; and

(b)   in relation to any Intercompany Loan and as of any date, means the
      unpaid principal balance of that Intercompany Loan at such date; and

(c)   means, in relation to any Loan Tranche and as of any date, means the
      unpaid principal balance of that Loan Tranche at such date;

"Overpayment" means in respect of any Mortgage Loan, any additional amounts of
Principal Receipts received in a month above the regular, scheduled Monthly
Payment, paid by the relevant Borrower which (a) is permitted by the terms of
such Mortgage Loan or by agreement with the Borrower and (b) reduces the
Current Balance of such Mortgage Loan;

"Overpayments Ledger" means the ledger of such name maintained by the Cash
Manager in the name of the Mortgages Trustee pursuant to the Cash Management
Agreement to record Overpayments on Mortgage Loans in the Mortgages Trust from
time to time which ledger will be sub-divided into two sub ledgers: (i) the
Non-Flexible Overpayments Sub Ledger corresponding to Overpayments made on
Non-Flexible Mortgage Loans, and (ii) the Flexible Overpayments Sub Ledger
corresponding to Overpayments made on Flexible Mortgage Loans;

"Pass-Through Loan Tranche" means, in relation to Funding 2, a Loan Tranche
which has no specified repayment dates other than the Final Repayment Date. On
the occurrence of a dated specified for a Bullet Loan Tranche, a Scheduled
Repayment Loan Tranche or a Controlled Amortisation Loan Tranches in the
applicable Loan Tranche Supplement occurs or if a Step-Up Date

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(if any) in relation to such Loan Tranche occurs or if a Pass-Through Trigger
Event occurs, then that Loan Tranche will be deemed to be a Pass-Through Loan
Tranche;

"Pass-Through Notes" means, in relation to a Funding 2 Issuer, any Series and
Class of Notes issued by such Issuer which has no specified redemption date
other than the Final Maturity Date. On the occurrence of a date specified for
a Series and Class of Bullet Redemption Notes, Scheduled Redemption Notes or
Controlled Amortisation Notes in the applicable Final Terms occurs or if a
Step-Up Date in relation to such Series and Class of Notes occurs or if a
Pass-Through Trigger Event occurs, then such Notes will be deemed to be
Pass-Through Notes;

"Pass-Through Requirement" means, in relation to Funding 2, on any Trust
Determination Date, the lesser of:

(a)   the aggregate of the Outstanding Principal Balance of each Pass-Through
      Loan Tranche (excluding any Original Bullet Loan Tranches) which has
      become due; and

(b)   the greater of:

      (i)   the product of:

            (A)   the Funding 2 Share Percentage as at the start of the
                  immediately preceding Trust Calculation Period (provided
                  that if an Assignment Date or a Contribution Date has
                  occurred during such Trust Calculation Period then the
                  Weighted Average Funding 2 Share Percentage will be used);

            (B)   the aggregate amount of Principal Receipts received by the
                  Mortgages Trustee during the immediately preceding trust
                  Calculation Period; and

            (C)   the aggregate Outstanding Principal Balance determined as of
                  the most recent Monthly Payment Date, of the Pass-Through
                  Loan Tranches excluding any original Bullet Loan Tranches
                  which are due (in the case of Rule (2)) on the next
                  following Monthly Payment Date, divided by the aggregate
                  Outstanding Principal Balance of the Global Intercompany
                  Loan of the most recent Payment Date; and

                  on the next following Monthly Payment Date,

      (ii)  the product of:

            (A)   the Funding 2 Share Percentage as at the start of the
                  immediately preceding Trust Calculation Period (provided
                  that if an Assignment Date or a Contribution Date has
                  occurred during such Trust Calculation Period then the
                  Weighted Average Funding 2 Share Percentage will be used);

            (B)   the aggregate amount of Principal Receipts received by the
                  Mortgages Trustee during the immediately preceding Trust
                  Calculation Period;

                  less

            (C)   the sum of the Cash Accumulation Requirement, the Scheduled
                  Amortisation Requirement and the Controlled Amortisation
                  Requirement as calculated for such Trust Determination Date
                  as described above;

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"Pass-Through Trigger Event" means any of the following events:

(a)   a Trigger Event;

(b)   the service of an Issuer Enforcement Notice by the Note Trustee on the
      Master Issuer; or

(c)   the service of a Funding 2 Intercompany Loan Enforcement Notice by the
      Funding 2 Security Trustee on the Issuer;

"Paying Agent and Agent Bank Agreement" means, in relation to: (a) the First
Issuer, the First Issuer Paying Agent and Agent Bank Agreement; and (b) any
New Issuer, has the meaning specified under the relevant Issuer Transaction
Documents;

"Paying Agents" means, in relation to:

(a)   the First Issuer, the Principal Paying Agent and the US Paying Agent
      initially appointed as paying agents pursuant to the First Issuer Paying
      and Agent Bank Agreement; and

(b)   any New Issuer, the Principal Paying Agent and US Paying Agent appointed
      pursuant to the Paying Agent and Agent Bank Agreement relating to that
      New Issuer,

or if applicable, any successor paying agents;

"Payment Date" means: (i) in relation to any Group 1 Issuer, the twentieth day
of July, October, January and April in each year, or if such day is not a
Business Day, the next succeeding Business Day, and (ii) in relation to any
Group 2 Issuer, the twentieth day of March, June, September and December or,
if such day is not a Business Day, the next succeeding Business Day, unless
otherwise indicated in the relevant Issuer Master Definitions Schedule for any
Funding Issuer;

"Payment Holiday" means, in respect of any Flexible Mortgage Loan, a period of
one or more Monthly Payment Dates when the relevant Borrower under such
Mortgage Loan is permitted by the Seller in accordance with the relevant
Mortgage Conditions not to make its regular Monthly Payment;

"Perfection Date" means the date of any Perfection;

"Perfection Event" means any of the events specified in Clause 6.1 (Perfection
Events) of the Mortgage Sale Agreement;

"Perfection" means the perfection of the assignment and assignation of the
Mortgage Portfolio pursuant to and in accordance with Clause 6 (Perfection of
the Assignment) of the Mortgage Sale Agreement;

"Permitted Product Switch" means any variation in the financial terms and
conditions of a Mortgage Loan in which a Borrower exchanges its then-current
Mortgage Loan product for a different mortgage loan product offered by the
Seller or (in limited circumstances) the Administrator from time to time,
provided that such new mortgage loan for which the prior Mortgage Loan is to
be exchanged is a Permitted Replacement Mortgage Loan, and further provided
that no such product switch shall be permitted unless at the date of such
product switch each of the conditions set out in Clause 4.2 (Conditions to
Effecting an Assignment of New Mortgage Loans) of the Mortgage Sale Agreement
is satisfied (save to the extent that conditions (a), (c), (k), (n) and (o) of
such Clause must only be satisfied on the most recent Assignment Date for the
assignment of New Mortgage Loans to the Mortgages Trust);

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"Permitted Replacement Mortgage Loan" means a mortgage loan (i) that is
subject to a variable rate of interest, (ii) that has a maturity date prior to
January 2039, and (iii) upon which the related Borrower has made at least one
Monthly Payment;

"Person" means a reference to any person, individual, corporation, limited
liability company, partnership, joint venture, association, joint-stock
company, trust, unincorporated organisation, governmental entity or other
entity of similar nature (whether or not having separate legal personality);

"Personal Secured Loan" means a Mortgage Loan for unrestricted purposes
offered to a Borrower who has an existing Mortgage Loan (other than a Personal
Secured Loan) with the Seller, which is secured on the same Mortgaged Property
which secures the Borrower's existing Mortgage Loan. A Personal Secured Loan
is governed by separate terms and conditions from the existing Mortgage Loan
and is documented either as a Regulated Personal Secured Loan or an
Unregulated Personal Secured Loan depending on the purposes for which it is
used. Certain Personal Secured Loans permit the Borrower to make Further Draws
up to the fixed amount of credit extended under the related Mortgage
Conditions at the inception of the Personal Secured Loan;

"Post-Enforcement Call Option Agreement" means, in respect of: (a) a Funding
Issuer, the post-enforcement call option agreement entered into on or about a
Closing Date between the relevant Funding Issuer, the relevant
Post-Enforcement Call Option Holder and the Note Trustee; (b) the Master
Issuer, the post-enforcement call option agreement entered into on or about
the Funding 2 Programme Date between the Master Issuer, the relevant
Post-Enforcement Call Option Holder and the Note Trustee; and (c) the Start-Up
Loan Provider, the post-enforcement call option agreement entered into on or
about the Funding 2 Programme Date between the Start-Up Loan Provider, the
relevant Post-Enforcement Call Option Holder and the Master Issuer;

"Post-Enforcement Call Option Holder" means, in respect to the Master Issuer,
GPCH Limited, a company incorporated with limited liability under the laws of
England and Wales, registered number 4128437, or such other person or persons
for the time being acting as post-enforcement call option holder under the
relevant Post-Enforcement Call Option Agreement, and, in relation to any New
Issuer, has the meaning specified under the relevant Issuer Master Definitions
Schedule;

"Potential Intercompany Loan Event of Default" means the occurrence of any
event which with the giving of notice, any relevant certificate, the lapse of
time or fulfilment of any other condition (or any combination of the
foregoing) would become an Intercompany Loan Event of Default;

"Potential Funding 2 Intercompany Loan Event of Default" means the occurrence
of any event which with the giving of notice, any relevant certificate, the
lapse of time or fulfilment of any other condition (or any combination of the
foregoing) would become a Funding 2 Intercompany Loan Event of Default;

"Potential Note Event of Default" means any condition, event or act which with
the lapse of time and/or the giving of any notice and/or determination of
materiality and/or fulfilment of any similar condition would constitute a Note
Event of Default;

"Principal Amount Outstanding" means for each Series and Class of Notes and as
of any date of determination, the Initial Principal Amount of such Series and
Class of Notes less (in each case) the aggregate amount of all principal
payments in respect of such Series and Class of Notes that have been paid
since the Closing Date for such Series, and Notes that have been paid since
the Closing

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Date for such Series and Class of Notes on or prior to that date of
determination (as set out in Condition 5(c) of the Terms and Conditions);

"Principal Deficiency Ledger" means, in relation to any Issuer, the ledger of
such name maintained by the Issuer Cash Manager pursuant to the Issuer Cash
Management Agreement, comprising such sub-ledgers as relate to the classes of
Notes of differing ratings issued by such Issuer as contemplated in the
relevant Issuer Cash Management Agreement;

"Principal Directions" means with respect to the Security Trustee, the
directions of the Note Trustee(s) for the Holders of the highest ranking class
of Notes outstanding (meaning the Class A Notes for so long as there are Class
A Notes outstanding and thereafter, the Class B Notes so long as there are no
Class A Notes outstanding and thereafter, the Class C Notes so long as there
are neither Class A Notes nor Class B Notes outstanding and thereafter, the
Class D Notes for so long as there are no Class A Notes, Class B Notes nor
Class C Notes outstanding;

"Principal Ledger" means the ledger maintained by the Cash Manager in the name
of the Mortgages Trustee pursuant to the Cash Management Agreement to record
any Mortgages Trustee Retained Principal Receipts plus the Principal Receipts
on the Mortgage Loans and distributions of such Principal Receipts to the
Seller, Funding and Funding 2 on each Distribution Date;

"Principal Paying Agent" Citibank, N.A., acting through its London Branch at
Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB;

"Principal Receipts" means, in relation to the Mortgages Trustee, any payment
in respect of principal received in respect of any Mortgage Loan, whether as
all or part of a Monthly Payment in respect of such Mortgage Loan, on
redemption (including partial redemption) of such Mortgage Loan, on
enforcement or on the disposal of such Mortgage Loan or otherwise (including
payments pursuant to any Insurance Policy) (and which may include the amount
of any Overpayment in respect of any Non-Flexible Mortgage Loan, but only to
the extent permitted by Clause 13.1 (Non-Flexible Mortgage Loans) of the
Mortgages Trust Deed, and which also may include the amount of any Further
Contribution made by Funding or (subject to the terms of the making of such
Further Contribution), by Funding 2 from time to time) and in relation to any
distributions of Principal Receipts which have been or are to be made on a
Distribution Date, Principal Receipts shall mean Mortgages Trustee Principal
Receipts;

"Proceedings" means any suit, action or proceedings arising out of or in
connection with any of the Transaction Documents;

"Product Switch" means a variation to the financial terms and conditions of
any Mortgage Loan but excluding:

(a)   any variation in the financial terms and conditions of a Mortgage Loan
      involving a Permitted Product Switch;

(b)   variation agreed with a Borrower to control or manage arrears on a
      Mortgage Loan;

(c)   variation in the maturity date of a Mortgage Loan unless, while the
      First Issuer Intercompany Loan is outstanding, it is extended beyond
      January 2039;

(d)   variation imposed by statute;

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(e)   variation of the rate of interest payable in respect of Mortgage Loan
      where that rate is offered to the Borrowers of more than 10 per cent. by
      Current Balance of Mortgage Loans comprised in the Trust Property in any
      Interest Period;

(f)   a change between interest-only and repayment Mortgage Loans;

(g)   a transfer of equity; and/or

(h)   a release of a party to a Mortgage Loan or a release of part of the land
      subject to the Mortgage;

"Programme", in relation to the Master Issuer, means the asset-backed note
programme established by or otherwise contemplated in the Programme Agreement
and the Issuer Trust Deed entered into by the Master Issuer;

"Programme Agreement" means the agreement entered into on or around the
Funding 2 Programme Date, as amended from time to time, between amongst
others, the Master Issuer, Funding 2 and the dealers named therein (or deemed
named therein);

"Programme Reserve Required Amount" means, in relation to Funding 2 and the
Funding 2 Issuers, as at any date, the amount calculated as the product of (a)
the Programme Reserve Required Percentage and (b) the aggregate Outstanding
Principal Balance of all Loan Tranches outstanding under the Global
Intercompany Loan Agreement (including the Principal Amount Outstanding of any
Loan Tranche (or the increase in the Principal Amount Outstanding of any
existing Loan Tranche) that is made on such date).

 "Properties in Possession Policy" means the properties in possession
insurance policy identified in paragraph 2(e) of Schedule 4 (Insurance
Contracts) to the Mortgage Sale Agreement and any endorsements or extensions
thereto as issued from time to time and any additional, replacement or
substitute properties in possession insurance policy which relates to Mortgage
Loans in the Mortgages Trust from time to time;

"Prospectus" means the prospectus in relation to the US Notes issued by any
Issuer, the meaning given such term in the Issuer Master Definitions Schedule
relating to that Issuer;

"Prospectus Directive" means Directive 2003/71/EC of the European Parliament
and of the Council of 4 November 2003 on the prospectus to be published when
securities are offered to the public or admitted to trading and amending
Directive 2001/34/EC; "Prospectus Rules" means the Prospectus Rules of the FSA
made pursuant to Part VI of the FSMA;

"Prospectus Supplement" means each prospectus supplement relating to one or
more Series and Classes of Issuer Notes issued on a single Closing Date;

"PS/FA/PSL Event" means the occurrence of either (i) confirmation from
Northern Rock that it will purchase the relevant Mortgage Loans which are
subject to any Further Advances or Product Switches (other than Re-Fixed
Mortgage Loans) in accordance with Clause 8.5 (Purchase of Product Switches
and Further Advances and purchases related to Personal Secured Loans) under
the Mortgage Sale Agreement, (ii) any Mortgage Loan becoming a Re-Fixed
Mortgage Loan, or (iii) Northern Rock making a Personal Secured Loan to the
Borrower of a Mortgage Loan;

"PS/FA/PSL Event" means the occurrence of either (i) confirmation from
Northern Rock that it will purchase the relevant Mortgage Loans which are
subject to any Further Advances or Product Switches (other than Re-Fixed
Mortgage Loans) in accordance with Clause 8.5 (Purchase of Product Switches

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and Further Advances and purchases related to Personal Secured Loans) under
the Mortgage Sale Agreement, (ii) any Mortgage Loan becoming a Re-Fixed
Mortgage Loan, or (iii) Northern Rock making a Personal Secured Loan to the
Borrower of a Mortgage Loan;

"Purchase Price" means:

(a)   in respect of the Initial Mortgage Portfolio, the amount payable
      therefor by the Mortgages Trustee pursuant to Clause 3.2 (Purchase
      Price) of the Mortgage Sale Agreement; and

(b)   in respect of each New Mortgage Portfolio, the amount payable therefor
      by the Mortgages Trustee pursuant to Clause 4.5 (Purchase Price) of the
      Mortgage Sale Agreement;

"Rating Agencies" means S&P, Moody's and Fitch, and "Rating Agency" means any
of them;

"Receiver" means, in relation to the Funding Deed of Charge or the Funding 2
Deed of Charge, any person or persons appointed (and any additional person or
persons appointed or substituted) as an administrative receiver, receiver,
manager, or receiver and manager of the Funding Charged Property or the
Funding 2 Charged Property (as applicable) by the Funding Security Trustee or
the Funding 2 Security Trustee pursuant the Funding Deed of Charge or the
Funding 2 Deed of Charge (as applicable) and in relation to any Issuer Deed of
Charge, any person or persons appointed (and any additional person or persons
appointed or substituted) pursuant thereto by the Note Trustee as an
administrative receiver, receiver, manager, or receiver and manager of the
property charged or secured under such Issuer Deed of Charge;

"Re-Draw" means either a Cash Re-Draw or a Non-Cash Re-Draw;

"Re-Draws Ledger" means the ledger maintained by the Cash Manager in the name
of the Mortgages Trustee pursuant to the Cash Management Agreement to record
Re-Draws on Flexible Mortgage Loans in the Mortgages Trust from time to time
which ledger shall be sub-divided into two sub ledgers: (i) the Non-Cash
Re-Draws Sub Ledger corresponding to Non-Cash Re-Draws and (ii) the Cash
Re-Draws Sub Ledger corresponding to Cash Re-Draws;

"Re-Fixed Mortgage Loan" means, as at any given date, a Mortgage Loan which on
or before such date had been a Fixed Rate Mortgage Loan in respect of which
the fixed period by reference to which the relevant fixed interest was charged
had come to an end, but as at or before that such date, the interest charged
under such Mortgage Loan was again fixed for a further fixed period by the
Seller or the Administrator as the case may be (following an election by the
Borrower) in accordance with the original terms of the Fixed Rate Mortgage
Loan;

"Reference Banks" means the principal London offices of Citibank N.A., ABN
AMRO Bank N.V., Barclays Bank plc and JPMorgan Chase Bank, or such other major
bank selected by the Cash Manager from time to time.

"Reg S Global Note Certificates" or "Regulation S Global Note Certificates"
means the Global Note Certificates in registered form representing the Reg S
Notes;

"Reg S Individual Note Certificates" or "Regulation S Individual Note
Certificates" means the Individual Note Certificates in registered form
representing the Reg S Notes;

"Reg S Notes" means generally all Notes which are issued pursuant to Reg S and
in relation to an Issuer means the Notes issued or to be issued by that Issuer
pursuant to Reg S;

"Reg S Prospectus" means, in relation to any Series and Class of Notes, the
Base Prospectus and the Final Terms relating to such Series and Class of
Notes;

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"Reg S" means Regulation S under the United States Securities Act of 1933, as
amended;

"Registered Land" means land in England or Wales, title to which is registered
at H.M. Land Registry;

"Registered Transfer" means, in relation to Registered Land, a deed of
transfer of a Mortgage or Mortgages over registered land in the form referred
to in paragraph (a) of Clause 6.3 (Transfer Documents) of the Mortgage Sale
Agreement with such modifications as may be permitted from time to time in
accordance with such Clause;

"Registers of Scotland" means the Land Register of Scotland and/or the General
Register of Sasines;

"Regulated Market" means a regulated market as defined in Council Directive
93/22/EEC of 10 May 1993 on investment services in the securities field, as
will be replaced by Directive 2004/39/EC of the European Parliament and of the
Council of 21 April 2004 on markets in financial instruments amending Council
Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European
Parliament and of the Council and repealing Council Directive 93/22/EEC;

"Regulated Personal Secured Loan" means a Personal Secured Loan which is
documented as an agreement regulated by the CCA and which is secured pursuant
to a second priority or lower ranking charge by way of legal mortgage (in
relation to English Mortgage Loans) or second priority or lower ranking
standard security (in relation to Scottish Mortgage Loans) over the same
property which secures the relevant |Borrower's existing Mortgage Loan;

"Regulations" means as the context may require either (i) the Unfair Terms in
Consumer Contracts Regulations 1999 and/or, as applicable, the Unfair Terms in
Consumer Contracts Regulations 1994 or (ii) the Regulations set out in
Schedule 2 to the First Issuer Paying Agent and Agent Bank Agreement;

"Related Security" means, in relation to a Mortgage Loan, the security for the
repayment of such Mortgage Loan including the relevant Mortgage and all other
documents, matters and things related thereto acquired and referred to as part
of the Initial Mortgage Portfolio or, as the case may be, the New Mortgage
Portfolio, sold to the Mortgages Trustee pursuant to the Mortgage Sale
Agreement and which constitute all or part of the security for the payment of
all sums due in respect of such Mortgage Loan, including for the avoidance of
doubt, guarantees, MIG Policies and assignments and charges over Life
Policies;

"Relevant Distribution" has the meaning given to it in Clause 4.2
(Consideration) of the Mortgages Trust Deed;

and in respect of Funding, Funding 2 or any Issuer (each, for the purposes of
this definition, a "Relevant Entity"), "Insolvency Event" means:

(a)   except for the purposes of an amalgamation or restructuring as described
      in sub-clause (b) of this definition, the Relevant Entity ceases or
      threatens to cease to carry on all or a substantial part of its business
      or the Relevant Entity is deemed unable to pay its debts within the
      meaning of section 123(1)(a), (b), (c) or (d) of the Insolvency Act (as
      that section may be amended) or becomes unable to pay its debts within
      the meaning of section 123(2) of the Insolvency Act (as that section may
      be amended, modified or re-enacted); or

(b)   an order is made or an effective resolution is passed for the winding-up
      of the Relevant Entity or the appointment of an administrator over the
      Relevant Entity (except for the purposes of or pursuant to an
      amalgamation, restructuring or merger previously approved by the Note

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      Trustee or the Security Trustee, as the case may be, or as approved in
      writing by an Extraordinary Resolution (as defined in the Issuer Trust
      Deed) of the Class A Noteholders);

      or

(c)   proceedings are otherwise initiated against the Relevant Entity under
      any applicable liquidation, insolvency, composition, reorganisation or
      other similar laws (including, but not limited to, application or
      pending application for an administration order or presentation of a
      petition for a winding-up order) and (except in the case of an
      application or pending application for an administration order) such
      proceedings are not, in the opinion of the Note Trustee or the Issuer
      Security Trustee (as the case may be), being disputed in good faith with
      a reasonable prospect of success; or an administration order being
      granted or an administrative receiver or other receiver, administrator,
      liquidator or other similar official being appointed in relation to the
      Relevant Entity or in relation to the whole or any substantial part of
      the undertaking or assets of the Relevant Entity; or an encumbrancer
      taking possession of the whole or any substantial part of the
      undertaking or assets of the Relevant Entity, or a distress, execution,
      diligence or other process being levied or enforced upon or sued out
      against the whole or any substantial part of the undertaking or assets
      of the Relevant Entity and such possession or process (as the case may
      be) not being discharged or not otherwise ceasing to apply within 30
      days; or the Relevant Entity initiating or consenting to judicial
      proceedings relating to itself under applicable liquidation,
      administration, insolvency, composition, reorganisation or other similar
      laws or making a conveyance or assignment for the benefit of its
      creditors generally;

"Relevant Margin" means, in respect of a Loan Tranche, the Relevant Margin for
such Loan Tranche specified as such in the applicable Loan Tranche Supplement;

"Relevant Screen Rate" means, in respect of a Loan Tranche:

(a)   for the first Loan Tranche Interest Period, the Initial Relevant Screen
      Rate; and

(b)   in respect of subsequent Loan Tranche Interest Periods, the Relevant
      Screen Rate for such Loan Tranche specified as such in the applicable
      Loan Tranche Supplement;;

"Repayment Mortgage Loan" means a Mortgage Loan in respect of which the
Borrower is under an obligation to the mortgagee to make monthly payments of
principal so that the whole principal (in addition to interest) is repaid by
the stated maturity date for that Mortgage Loan;

"Repayment Requirement" means, in relation to Funding 2, on any Trust
Determination Date, the amount, if any, equal to the sum of:

(a)   the Cash Accumulation Requirement;

(b)   the Controlled Amortisation Requirement;

(c)   the Scheduled Repayment Requirement; and

(d)   the Pass-Through Requirement;

"Representations and Warranties" means the representations and warranties set
out in Schedule 1 (Representations and Warranties) to the Mortgage Sale
Agreement;

"Required Rate and Terms" has the meaning given to such term in Clause 4.4(c)
of the Administration Agreement;

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"Revenue Ledger" means the ledger maintained by the Cash Manager in the name
of the Mortgages Trustee pursuant to the Cash Management Agreement to record
Revenue Receipts received by the Mortgages Trustee and the payment of the same
on each Distribution Date in accordance with the terms of the Mortgages Trust
Deed;

"Revenue Receipts" means, in relation to the Mortgages Trustee, any payment
received in respect of any Mortgage Loan, whether as all or part of a Monthly
Payment in respect of such Mortgage Loan, on redemption (including partial
redemption) of such Mortgage Loan, on enforcement of such Mortgage Loan
(including the proceeds of sale thereof), on the disposal of such Mortgage
Loan or otherwise (including payments pursuant to any Insurance Policy) which
in any such case is not a Principal Receipt in respect of such Mortgage Loan;

"Right to Buy Mortgage Loan" means (i) in relation to an English Mortgage
Loan, a Mortgage Loan in respect of which the "right to buy" provisions of the
Housing Act 1985 apply (other than any Mortgage Loan in respect of which the
period during which the statutory charge referred to in section 156 of that
Act would have existed, had the relevant circumstances applied, has expired)
and (ii) in relation to a Scottish Mortgage Loan, a Mortgage Loan in respect
of which the "right to buy" provisions of the Housing (Scotland) Act 1987
apply (other than any Mortgage Loan in respect of the period during which the
seller's standard security referred to in section 72 of that Act remains in
effect has expired);

"S&P" and "Standard & Poor's" means Standard & Poor's Rating Services, a
division of The McGraw-Hill Companies, Inc., and includes any successor to its
rating business;

"Scheduled Redemption Notes" means, in relation to a Funding 2 Issuer, any
Series and Class of Notes issued by such Issuer scheduled to be repaid in full
in two or more instalments on Scheduled Redemption Dates. Such Scheduled
Redemption Notes will be deemed to be Pass-Through Notes if:

(a)   a date specified in relation to the same in the applicable Note
      Supplement occurs;

(b)   a Pass-Through Trigger Event occurs; or

(c)   the Step-Up Date (if any) in relation to such Notes occurs;

"Scheduled Repayment Date" means the dates specified as such in the Loan
Tranche Supplement for a Scheduled Repayment Loan Tranche;

"Scheduled Repayment Loan Instalment" means that part of a Scheduled Repayment
Loan Tranche which is due on each of the Scheduled Repayment Dates of that
Loan Tranche;

"Scheduled Repayment Loan Tranches" means, in relation to Funding 2, any Loan
Tranche which is scheduled to be repaid on two or more instalments on
Scheduled Repayment Dates. Scheduled Repayment Loan Tranches will be deemed to
be Pass-Through Loan Tranches if:

(a)   a date specified in relation to the same in the applicable Loan Tranche
      Supplement occurs;

(b)   a Pass-Through Trigger Event occurs;

(c)   a Step-Up Date (if any) in relation to such Loan Tranche occurs.

"Scheduled Repayment Requirement" means, on a Trust Determination Date, the
amount required by Funding 2 to repay:

(a)   each Scheduled Repayment Loan Instalment which is scheduled to be repaid
      on any of the three Monthly Payment Dates immediately following such
      Trust Determination Date; and

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(b)   the aggregate outstanding amount on that Trust Determination Date of
      each Scheduled Repayment Loan Instalment then outstanding that was not
      fully repaid on its Scheduled Repayment Date,

after taking into account amounts standing to the credit of the Funding 2
Principal Ledger on such Trust Determination Date which are available
therefor;

"Scottish Mortgage Loan" means each Mortgage Loan secured by a Scottish
Mortgage;

"Scottish Mortgage" means, in respect of any Mortgage Loan in the Mortgage
Portfolio, a Mortgage secured over a Scottish Property;

"Scottish Property" means a Mortgaged Property situated in Scotland;

"Scottish Transfer" means an assignation of a Scottish Mortgage or Mortgages
in the relevant form referred to in paragraphs (c) and (d) of Clause 6.3
(Transfer Documents) of the Mortgage Sale Agreement with such modifications as
may be permitted from time to time in accordance with such Clause;

"Scottish Trust Deed" means a declaration of trust substantially in the form
set out in Schedule 11 to the Mortgage Sale Agreement declared by the Seller
in favour of the Mortgages Trustee over its whole right, title, benefit and
interest in and to the Scottish Trust Property specified therein;

"Scottish Trust Property" has the meaning given to it in each Scottish Trust
Deed and means, collectively, the whole trust property forming the subjects of
each such Scottish Trust Deed;

"Scottish Trust" means, collectively, the trusts declared and created in terms
of each Scottish Trust Deed;

"SEC" means the United States Securities and Exchange Commission;

"Second Issuer" means Granite Mortgages 01-2 plc;

"Second Issuer Available Principal Receipts" has the meaning given to such
term in the Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Available Revenue Receipts" has the meaning given to such term
in the Issuer Master Definitions Schedule relating to the Second Issuer.

"Second Issuer Bank Account Agreement" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Bank Accounts" has the meaning given to such term in the Issuer
Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Cash Management Agreement" has the meaning given to such term
in the Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Cash Manager" has the meaning given to such term in the Issuer
Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Liquidity Reserve Fund" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Liquidity Reserve Ledger" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Second Issuer.

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"Second Issuer Liquidity Reserve Required Amount" has the meaning given to
such term in the Issuer Master Definitions Schedule relating to the Second
Issuer;

"Second Issuer Master Definition Schedule" means, in respect of the Second
Issuer, the master definitions schedule signed for the purposes of
identification by Sidley Austin Brown & Wood and Clifford Chance LLP on 28
September 2001 (as amended, varied or supplemented from time to time);

"Second Issuer Post-Enforcement Priority of Payments" has the meaning given to
such term in the Issuer Master Definitions Schedule relating to the Second
Issuer;

"Second Issuer Pre-Enforcement Priority of Payments" has the meaning given to
such term in the Issuer Master Definitions Schedule relating to the Second
Issuer;

"Second Issuer Pre-Enforcement Principal Priority of Payments" has the meaning
given to such term in the Issuer Master Definitions Schedule relating to the
Second Issuer;

"Second Issuer Pre-Enforcement Revenue Priority of Payments" has the meaning
given to such term in the Issuer Master Definitions Schedule relating to the
Second Issuer;

"Second Issuer Reserve Fund" has the meaning given to such term in the Issuer
Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Reserve Fund Ledger" has the meaning given to such term in the
Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Reserve Required Amount" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Secured Creditors" has the meaning given to such term in the
Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Security" has the meaning given to such term in the Issuer
Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Transaction Accounts" has the meaning given to such term in the
Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Issuer Transaction Documents" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Second Issuer;

"Second Priority Funding Deed of Charge" means the deed of charge entered into
on or about 28 January 2004 between Funding and the Security Trustee as
amended, restated, novated, varied or supplemented from time to time;

"Securities Act" means the United States Securities Act of 1933, as amended;

"Security Documents" means, in relation to: (a) Funding, any Issuer Deed of
Charge relating to any Funding Issuer, the Funding Deed of Charge, the Second
Priority Funding Deed of Charge and each Deed of Accession entered into
pursuant to the Funding Deed of Charge, the Second Priority Funding Deed of
Charge and any other security document entered into pursuant to any of the
foregoing; and (b) Funding 2, any Issuer Deed of Charge relating to any
Funding 2 Issuer, the Funding 2 Deed of Charge and each Deed of Accession
entered into pursuant to the Funding 2 Deed of Charge and any other security
document entered into pursuant to any of the foregoing;

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"Security Interest" or "Encumbrance" means any mortgage or sub mortgage,
standard security, charge or sub charge (whether legal or equitable),
encumbrance, pledge, lien, hypothecation, assignment or assignation by way of
security or other security interest or title retention arrangement and any
agreement, trust or arrangement having substantially the same economic or
financial effect as any of the foregoing (other than a lien arising in the
ordinary course of business or by operation of law);

"Security Power of Attorney for Funding 2" means the power of attorney granted
by Funding 2 in favour of the Security Trustee on the Funding 2 Programme Date
pursuant to the Funding 2 Deed of Charge;

"Security Trustee" means The Bank of New York, whose principal office is at
40th Floor, One Canada Square, London E14 5AL, or such other persons and all
other persons for the time being acting as the security trustee or security
trustees pursuant to the Funding Deed of Charge;

"Seller Share" means, prior to the first Distribution Date, the Initial Seller
Share and thereafter, shall mean the Current Seller Share;

"Seller Share Event Distribution Date" means a Distribution date on which a
Seller Share Event occurs;

"Seller Share Event" means the event which will occur if, on a Distribution
Date, (i) the result of the calculation of the Current Seller Share for such
Distribution Date would be equal to or less than the Minimum Seller Share for
such Distribution Date (determined using the amounts of the Current Seller
Share and Minimum Seller Share that would exist after making the distributions
of Mortgages Trustee Principal Receipts due in that Distribution Date on the
basis that the Cash Manager assumes that those Mortgages Trustee Principal
Receipts are distributed in the manner described under the Mortgages Trustee
Principal Priority of Payments set forth in Clause 11.1 of the Mortgages Trust
Deed), and (ii) a Seller Share Event has not occurred on the immediately
preceding Distribution Date;

"Seller Share Ledger" means a ledger which shall record the Seller Share of
the Trust Property and the Seller Share Percentage;

"Seller (Mortgages Trust) Assignment Agreement" means the assignment agreement
entered into on or before the Funding 2 Programme Date between the Seller,
Funding 2, Funding, the Funding Security Trustees, the Mortgages Trustee and
the Note Trustees in respect of the existing Issuers;

"Seller Share Percentage" means, prior to the first Distribution Date, the
Initial Seller Share Percentage and thereafter shall mean the Current Seller
Share Percentage;

"Seller" means Northern Rock plc;

"Seller's Policy" means the originating, lending and underwriting,
administration, arrears and enforcement policies and procedures which are
applied from time to time by the Seller to mortgage loans and the security for
their repayment which are beneficially owned solely by the Seller and which
may be amended by the Seller from time to time;

"Seller's Power of Attorney" means (i) the power of attorney granted by the
Seller in favour of the Funding Beneficiaries, the Mortgages Trustee and the
Security Trustee substantially in the form set out in Part 2 of Schedule 10
(Power of Attorney in favour of the Mortgages Trustee, each Funding
Beneficiary and each Funding Security Trustee) to the Mortgage Sale Agreement;

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"Series" in relation to any Notes issued by any Issuer has the meaning given
to it in the relevant Issuer Master Definitions Schedule;

"Services" has the meaning set out in Clause 3.1 (General) of the
Administration Agreement;

"Share Trust Deed" means the share trust deed dated 23 January 2001 between
the Share Trustee and Holdings as has been and may be amended, restated,
novated, varied or supplemented from time to time;

"Share Trustee" means The Law Debenture Intermediary Corporation P.L.C. as
share trustee under the Share Trust Deed;

"Shortfall" or "Interest Rate Shortfall" means, as of any Payment Date and in
respect of Funding, a deficiency of Funding Available Revenue Receipts over
the amounts due by Funding under the Funding Pre-Enforcement Revenue Priority
of Payments on such Payment Date, and, as of any Payment Date and in respect
of any Issuer, the deficiency of Issuer Allocable Revenue Receipts over the
amounts due by such Issuer under the relevant Issuer Pre-Enforcement Revenue
Priority of Payments, as the context requires;

"Special Distribution" means a payment made by the Mortgages Trustee:

(a)   to the Seller (excluding any payment of Initial Purchase Price) which is
      funded by a Further Contribution made to the Mortgages Trustee by
      Funding or by Funding 2; or

(b)   to Funding, which is funded by a Further Contribution made to the
      Mortgages Trustee by Funding 2;

"Special Repayment Notes" means , in relation to the Second Issuer, the
(pound)10,000,000 Series 2 Class D Floating Rate Notes issued by the Second
Issuer and, in relation to any other Funding Issuer, means any Series and/or
class of Notes issued by such Funding Issuer that are either:

(a)   interest only Notes; or

(b)   Notes, the Outstanding Principal Balance of which is to be repaid solely
      from the Issuer Available Revenue Receipts,

and that are designated as Special Repayment Notes in the Issuer Master
Definitions Schedule relating to such Funding Issuer;

"Specified Currency Exchange Rate" means, in relation to a Series and Class of
Notes, the exchange rate specified in the Issuer Swap Agreement relating to
such Series and Class of Notes or, if the Issuer Swap Agreement has been
terminated, the applicable spot rate;

"Specified Date" means the date on which the United Kingdom participates in
the third stage of European economic and monetary union pursuant to the Treaty
establishing the European Community or otherwise participates in European
economic and monetary union in a manner with an effect similar to such third
stage;

"Standard Documentation" or "Standard Mortgage Documentation" means:

(a)   in relation to the First Issuer the standard documentation referred to
      in Schedule 12 (Standard Documentation) to the Mortgage Sale Agreement
      as at 26 March 2001,

(b)   in relation to the Second Issuer, the standard documentation referred to
      in Schedule 12 (Standard Documentation) to the Mortgage Sale Agreement
      as at 28 September 2001, and

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(c)   in relation to any other Issuer, the standard documentation referred to
      in Schedule 1 (Standard Documentation) to the relevant Issuer Master
      Definitions Schedule

or, in each case, any update or replacement therefor as the Seller may from
time to time introduce acting in accordance with the standards of a
reasonable, prudent mortgage lender;

"Standard Variable Rate" or "SVR" means, as applicable, the Northern Rock
standard variable mortgage base rate and/or the standard variable mortgage
base rate applicable to Mortgage Loans within the Mortgages Trust in
accordance with the Mortgage Conditions;

"Stand-by Account Bank Notice" means a written notice served on the Stand-by
Account Bank by the Cash Manager, Funding or the Mortgages Trustee, as
applicable, pursuant to the provisions of the Bank Account Agreement;

"Stand-by Account Bank" means the bank at which the Stand-by Mortgages Trustee
GIC Account, the Stand-by Funding GIC Account and, in relation to any Funding
Issuer the relevant Stand-by Funding (Issuer) GIC Account (if any) for that
Funding Issuer is maintained from time to time being, Lloyds TSB Bank plc,
Financial Markets Division, 25 Monument Street, London EC3R 8BQ;

"Stand-by Bank Account Agreement" means the agreement entered into on or about
26 May 2004 between the Stand-by Account Bank, the Stand-by Funding GIC
Provider, the Stand-by Mortgages Trustee GIC Provider, the Cash Manager and
the Security Trustee as may be amended, restated, varied or supplemented from
time to time and shall include any additional and/or replacement stand-by bank
account agreement entered into in accordance with the Transaction Documents;

"Stand-by Funding GIC Account" means the account in the name of Funding held
with the Stand-by Bank Account established pursuant to and on the terms of the
Stand-by Funding Guaranteed Investment Contract and the Stand-by Bank Account
Agreement;

"Stand-by Funding Guaranteed Investment Contract" means the guaranteed
investment contract entered into on or about 26 May 2004 between Funding, the
Stand-by Funding GIC Provider, the Cash Manager and the Security Trustee under
which the Stand-by GIC Provider agrees to provide the Stand-by Funding GIC
Account and to pay to Funding a guaranteed rate of interest on the balance
from time to time of such Stand-by Funding GIC Account if the appointment of
Northern Rock as Funding GIC Provider under the Funding Guaranteed Investment
Contract is terminated, as may be amended, restated, varied or supplemented
from time to time and shall include any additional or replacement stand-by
guaranteed investment contract entered into by Funding in accordance with the
Transaction Documents;

"Stand-by Mortgages Trustee GIC Rate" means a rate of interest per amount
equal to LIBOR for three-monthly Sterling deposits minus 0.375 per cent.;

"Stand-by Mortgages Trustee GIC Account" means the account in the name of
Mortgages Trustee held with the Stand-by Bank Account established pursuant to
and on the terms of the Stand-by Mortgages Trustee Guaranteed Investment
Contract and the Stand-by Bank Account Agreement.

"Stand-by Mortgages Trustee GIC Provider" means Lloyds TSB Bank plc, Financial
Markets Division, 25 Monument Street, London EC3R 8BQ or such other person or
persons who are for the time being GIC Provider to the Mortgages Trustee under
the Stand-by Mortgages Trustee Guaranteed Investment Contract;

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"Stand-by Mortgages Trustee Guaranteed Investment Contract" means the
guaranteed investment contract entered into on or about 26 May 2004 between
Funding, the Stand-by Mortgages Trustee GIC Provider, the Cash Manager and the
Security Trustee under which the Stand-by GIC Provider agrees to provide the
Stand-by Mortgages Trustee GIC Account and to pay to the Mortgages Trustee a
guaranteed rate of interest on the balance from time to time of such Stand-by
Mortgages Trustee GIC Account if the appointment of Northern Rock as Mortgages
Trustee GIC Provider under the Mortgages Trustee Guaranteed Investment
Contract is terminated, as may be amended, restated, varied or supplemented
from time to time and shall include any additional or replacement stand-by
guaranteed investment contract entered into by the Mortgages Trustee in
accordance with the Transaction Documents;

"Start-up Loan Agreement" means, in respect of the Master Issuer, the
agreement entered into on or about the Funding 2 Programme Date, as amended
from time to time, between the Master Issuer, Northern Rock plc and the Issuer
Security Trustee relating to the provision of the Start-up Loan Tranches to
the Master Issuer;

"Start-up Loan Provider" means Northern Rock, in its capacity as provider of
the Start-up Loans or such other person who provides a Start-Up Loan Tranche
to the Master Issuer pursuant to a start-up loan agreement;

"Start-Up Loan Tranches" means each loan made by a Start-Up Loan Provider to
the Master Issuer under a Start-Up Loan Agreement and collectively, the
"Start-Up Loans";

"Step-Up Date" means the Payment Date or Note Payment Date, as applicable, or
the Loan Payment Date in respect of a Loan Tranche, as applicable, in respect
of an Issuer on which the interest rate on Notes issued by such Issuer or the
interest rate on a Loan Tranche made by a Funding 2 Issuer to Funding 2
increases by a pre-determined amount following the payment made by such Issuer
on such Payment Date, Note Payment Date or Loan Payment Date, as applicable,
or which date in respect of the First Issuer is the Payment Date occurring in
January 2008, and, in relation to any New Issuer or any Funding 2 Issuer, has
the meaning specified under the relevant Issuer Master Definitions Schedule;

"Stock Exchange" means, the London Stock Exchange or any other stock
exchange(s) on which any Notes may from time to time be listed or admitted to
trading and references to the relevant Stock Exchange shall, in relation to
any Notes, be references to the Stock Exchange on which such Notes are, from
time to time, or are intended to be, listed or admitted to trading;

"Subordinated Principal Test" means:

(a)   in respect of the First Issuer Notes, the test which is satisfied (1) on
      any Payment Date occurring on or after the fourth anniversary of the
      Initial Closing Date; and (2) on any Payment Date on which (a) the
      percentage equal to the aggregate Principal Amount Outstanding of the
      Class B Notes and the Class C Notes as at that Payment Date over the
      aggregate Principal Amount Outstanding of the First Issuer Notes as at
      that Payment Date is greater than (b) the product of (i) 2 and (ii) the
      percentage equal to the aggregate Principal Amount Outstanding of the
      Class B Notes and the Class C Notes as at the Initial Closing Date over
      the aggregate Principal Amount Outstanding of the First Issuer Notes as
      at the Initial Closing Date; or

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(b)   in respect of any Notes issued by any other Funding Issuer, has the
      meaning given to it under the relevant Issuer Transaction Documents and
      as defined in the Issuer Master Definitions Schedule relating to such
      Funding Issuer;

"Subscription Agreement" means an agreement supplemental to the Programme
Agreement (by whatever name called) in or substantially in the form set out in
Appendix 5 to the Programme Agreement or in such other form as may be agreed
between the Master Issuer and the Lead Arrangers or one or more Dealers (as
the case may be);

"Swap Agreements" means, in relation to Funding 2 and the Funding 2 Issuers,
the Funding 2 Basis Rate Swap Agreement and each Issuer Swap Agreement

"Swap Collateral" means, in respect of the Funding 2 Basis Rate Swap
Agreement, any asset (including, without limitation, Cash and/or securities)
delivered to Funding 2 by the Funding 2 Basis Rate Swap Provider in accordance
with the terms of the Funding 2 Basis Rate Swap Agreement in respect of the
Funding 2 Basis Rate Swap Provider's obligations under the Funding 2 Basis
Rate Swap Agreement;

"Swap Collateral Ancillary Document" means, in respect of the Funding 2 Basis
Rate Swap Agreement, any document (including , without limitation, any
custodial agreement or bank account agreement but excluding the Swap
Agreements, the Cash Management Agreement and the Funding 2 Deed of Charge) as
may be entered into by Funding 2 from time to time in connection with the Swap
Collateral;

"Swap Early Termination Event" means the circumstances in which swap
transactions under a swap agreement can be terminated before their respective
scheduled termination dates;

"Swap Provider Default" means the occurrence of an Event of Default or swap
provider termination event (each as defined in the relevant Swap Agreement)
where the relevant Swap Provider is the Defaulting Party or the Affected Party
(each as defined in the relevant Swap Agreement);

"Swap Provider" means each of the Funding 2 Basis Rate Swap Provider and the
Issuer Swap Providers, or any one of them as the context requires;

"Swap Replacement Premium" means any payment received from a replacement swap
provider upon entry into an agreement with such replacement swap provider
replacing a Swap Agreement;

"Swap Termination Payment" means the amount payable because of a Swap Early
Termination Event;

"TARGET Business Day" means a day on which the Trans-European Automated
Real-time Gross settlement Express (TARGET) system is open;

"Target Reserve Required Amount" means, as at any date, the amount specified
as such in the most recent Final Terms;

"Taxes" means all present and future taxes, levies, imposts, duties (other
than stamp duty), fees, deductions, withholdings or charges of any nature
whatsoever and wheresoever imposed, including, without limitation, value added
tax or other tax in respect of added value and any franchise, transfer, sales,
gross receipts, use, business, occupation, excise, personal property, real
property or other tax imposed by any national, local or supranational taxing
or fiscal authority or agency together with any penalties, fines or interest
thereon and "Tax" and "Taxation" shall be construed accordingly;

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"Termination Event" has the meaning given to such term in Clause 19 of the
Administration Agreement;

"Terms and Conditions" has the same meaning as "Conditions";

"Third Issuer" means Granite Mortgages 02-1 plc;

"Third Issuer Available Principal Receipts" has the meaning given to such term
in the Issuer Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Available Revenue Receipts" has the meaning given to such term
in the Issuer Master Definitions Schedule relating to the Third Issuer.

"Third Issuer Bank Account Agreement" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Bank Accounts" has the meaning given to such term in the Issuer
Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Cash Management Agreement" has the meaning given to such term in
the Issuer Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Cash Manager" has the meaning given to such term in the Issuer
Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Post-Enforcement Priority of Payments" has the meaning given to
such term in the Issuer Master Definitions Schedule relating to the Third
Issuer;

"Third Issuer Pre-Enforcement Priority of Payments" has the meaning given to
such term in the Issuer Master Definitions Schedule relating to the Third
Issuer;

"Third Issuer Pre-Enforcement Principal Priority of Payments" has the meaning
given to such term in the Issuer Master Definitions Schedule relating to the
Third Issuer;

"Third Issuer Pre-Enforcement Revenue Priority of Payments" has the meaning
given to such term in the Issuer Master Definitions Schedule relating to the
Third Issuer;

"Third Issuer Secured Creditors" has the meaning given to such term in the
Issuer Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Transaction Accounts" has the meaning given to such term in the
Issuer Master Definitions Schedule relating to the Third Issuer;

"Third Issuer Transaction Documents" has the meaning given to such term in the
Issuer Master Definitions Schedule relating to the Third Issuer;

"Third Party Amounts" means:

(a)   payments of insurance premiums, if any, due to the Seller in respect of
      any Insurance Policy arranged by the Seller and/or the MIG provider to
      the extent not paid or payable by the Seller (or to the extent such
      insurance premiums have been paid by the Seller in respect of any
      Further Advance which is not repurchased by the Seller to reimburse the
      Seller);

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(b)   amounts under an unpaid Direct Debit which are repaid by the
      Administrator to the bank making such payment if such bank is unable to
      recoup that amount itself from the relevant customer's account;

(c)   other charges the benefit of which have been re-assigned to the Seller
      (excluding Early Repayment Charges); and/or

(d)   recoveries in respect of amounts deducted from Mortgage Loans as
      described in paragraphs (a) through (e) of Clause 8.5 (Adjustments to
      Trust Property) (inclusive) of the Mortgages Trust Deed;

"Tier" means all the Loan Tranches having the same designated credit rating;

"Title Deeds" means, in relation to each Mortgage Loan and its Related
Security and the Mortgaged Property relating thereto, all conveyancing deeds
and documents which make up the title to the Mortgaged Property and the
security for the Mortgage Loan and all searches and enquiries undertaken in
connection with the grant by the Borrower of the related Mortgage including,
in the case of Registered Land, the relevant Charge Certificate;

"Together Connection Conditions" means the Mortgage Conditions of the Seller
identified as Together Connection Conditions;

"Together Connections Benefit" means the amount by which:

(a)   the interest that would be payable on the Combined Debit Balance at the
      Connection Interest Rate exceeds:

(b)   the interest at the Connection Interest Rate that would be payable on
      the amount by which the Combined Debit Balance exceeds the Combined
      Credit Balance;

"Together Connections Mortgage Loans" means a type of Flexible Mortgage Loan
which has the same basic features as a Together Mortgage Loan, but also allows
the Borrower to link the Mortgage Loan with certain accounts that are held
with the Seller, the balance amounts of which, pursuant to the Together
Connection Conditions, are required to be included in the calculation of the
Combined Credit Balance;

"Together Mortgage Loan" means a type of Flexible Mortgage Loan which allows a
Borrower to obtain an additional unsecured drawdown loan and, in some cases, a
credit card;

"Total Credit Commitment" means an amount equal to the Programme Limit from
time to time;

"Total Property" means at any time the aggregate amount standing to the credit
of the Collection Accounts and held by Northern Rock on trust for the
Mortgages Trustee and itself, subject to and in accordance with the Collection
Bank Agreement;

"Transaction" means the transaction contemplated by the Transaction Documents;

"Transaction Documents" means any of the following documents:

(a)   the Programme Agreement;

(b)   each Subscription Agreement;

(c)   each Underwriting Agreement;

(d)   each Intercompany Loan Agreement;

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(e)   the Mortgages Trust Deed;

(f)   the Mortgage Sale Agreement;

(g)   each Issuer Deed of Charge;

(h)   the Funding Deed of Charge;

(i)   the Funding 2 Deed of Charge;

(j)   the Basis Rate Swap Agreement;

(k)   each Issuer Swap Agreement;

(l)   each Issuer Trust Deed;

(m)   each Issuer Paying Agent and Agent Bank Agreement;

(n)   the Administration Agreement;

(o)   the Cash Management Agreement;

(p)   each Issuer Cash Management Agreement;

(q)   the Issuer Guaranteed Investment Contract;

(r)   each Funding 2 Guaranteed Investment Contract;

(s)   the Mortgages Trustee Guaranteed Investment Contract;

(t)   each Post-Enforcement Call Option Agreement;

(u)   the Bank Account Agreement;

(v)   the Funding 2 Bank Account Agreement;

(w)   each Issuer Bank Account Agreement;

(x)   the Collection Bank Agreement;

(y)   each Start-Up Loan Agreement;

(z)   the Corporate Services Agreement;

(aa)  the Stand-by Bank Account Agreement;

(bb)  the Controlling Beneficiary Deed;

(cc)  the Seller (Mortgages Trust) Assignment Agreement;

(dd)  each other document relating to the Transaction expressly designated in
      its terms to be a Transaction Document;

(ee)  each other deed, document, agreement, instrument or certificate entered
      into or to be entered into by Funding 2 under or in connection with any
      of the documents set out in paragraphs (a) through (cc) above or the
      transactions contemplated in them, including each document under which
      Funding 2 assumes any obligations to any New Funding 2 Secured Creditor;

"Trigger Event" means any of an Asset Trigger Event or a Non-Asset Trigger
Event, as the case may be;

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"Trust Calculation Period" means the period from (and including) the first
date of each calendar month (or in the case of the first such Trust
Calculation Period, the Initial Closing Date) to (and including) the last day
of the same calendar month;

"Trust Corporation" means a corporation entitled by rules made under the
Public Trustee Act 1906, or entitled pursuant to any comparable legislation
applicable to a trustee in any jurisdiction, to carry out the function of a
custodian trustee;

"Trust Determination Date" means the first day (or, if not a London Business
Day, the next succeeding London Business Day) of each calendar month;

"Trust Indenture Act" means the United States Trust Indenture Act of 1939, as
amended;

"Trust Property" means:

(a)   the Initial Trust Property;

(b)   the Closing Trust Property (excluding any Mortgage Loans that have been
      repurchased by the Seller pursuant to the Mortgage Sale Agreement and
      any Early Repayment Charge Receipts that have been paid to the Seller
      pursuant to the Mortgage Sale Agreement);

(c)   any New Trust Property (excluding any Mortgage Loans that have been
      repurchased by the Seller pursuant to the Mortgage Sale Agreement and
      any Early Repayment Charge Receipts that have been paid to the Seller
      pursuant to the Mortgage Sale Agreement);

(d)   any Scottish Trust Property;

(e)   any Contribution made from time to time to the Mortgages Trustee by any
      Beneficiary until it has been applied by the Mortgages Trustee in
      accordance with the Mortgages Trust Deed;

(f)   any Re-Draw made under a Flexible Mortgage Loan which forms part of the
      Trust Property;

(g)   any Further Draw made under a Personal Secured Loan which forms part of
      the Trust Property;

(h)   any Further Advances made by the Seller to existing Borrowers which are
      assigned to the Trust in accordance with the Mortgage Sale Agreement;

(i)   amounts on deposit (and interest earned on such amounts) from time to
      time in the Mortgages Trustee Bank Accounts;

(j)   any Permitted Replacement Mortgage Loan and its Related Security
      (excluding any Early Repayment Charge Receipts that have been paid to
      the Seller pursuant to the Mortgage Sale Agreement) relating to a
      Permitted Product Switch;

(k)   the proceeds of sale of any Mortgage Loan and its Related Security
      forming part of the Trust Property;

(l)   all other property which shall form part of the Trust Property pursuant
      to Clause 2 (Creation of Mortgages Trust) of the Mortgages Trust Deed;
      and

(m)   any Additional Trust Property;

      less

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      (1)   any actual Losses in relation to the Mortgage Loans and any actual
            reductions occurring in respect of the Mortgage Loans as described
            in Clause 8.5 (Adjustments to Trust Property) of the Mortgages
            Trust Deed; and

      (2)   distributions of principal made from time to time to the
            Beneficiaries of the Mortgages Trust;

"Trust Property Calculation Adjustments" has the meaning set out in the
Mortgages Trust Deed;

"Trustee Acts" means the Trustee Act 1925 and the Trustee Act 2000;

"UK Account Bank" means Lloyds TSB Bank plc, City Office, Bailey Drive,
Gillingham Business Park, Kent ME8 0LS;

"UK Listing Authority" means at any time the Financial Services Authority in
its capacity as competent authority for the purposes of Part VI of the FSMA or
such other Person which at that time performs an analogous role in relation to
the regulation of financial markets and the issue of public debt securities in
the United Kingdom;

"Unauthorised Underpayment" means a Borrower Underpayment in respect of a
Mortgage Loan which is not funded by, or exceeds the amount of any,
Overpayments previously made by the Borrower in respect of such Mortgage Loan
or is otherwise not permitted by the Seller in accordance with the relevant
Mortgage Conditions;

"Underpayment" means any Authorised Underpayment or Unauthorised Underpayment;

"Underwriting Agreement" means an underwriting agreement relating to the sale
of a Series or Class of US Notes among the Master Issuer and the underwriters
designated therein;

"United Kingdom" means the United Kingdom of Great Britain and Northern Ireland;

"United States" means the United States of America;

"Unpaid Interest Amount" means the amount of the Unpaid Interest in relation
to any Non-Cash Re-Draw on any Flexible Mortgage Loan;

"Unpaid Interest" means, in relation to any Non-Cash Re-Draw of any Flexible
Mortgage Loan, the interest which would, but for such Non-Cash Re-Draw, have
been payable in respect of that Mortgage Loan on the relevant Monthly Payment
Date for such Mortgage Loan;

"Unregistered Land" means land in England or Wales, title to which is not
registered at H.M. Land Registry;

"Unregistered Transfer" means, in relation to Unregistered Land, a deed of
transfer of a Mortgage or Mortgages in the form referred to in paragraph (b)
of Clause 6.3 of the Mortgage Sale Agreement with such modifications as may be
permitted from time to time in accordance with such Clause;

"Unregulated Personal Secured Loan" means a Personal Secured Loan which is
documented as an agreement not regulated by the CCA and which is secured
pursuant to the relevant Borrower's existing Mortgage;

"US Global Note Certificates" or "US Global Note Certificate" means the Global
Note Certificates in registered form representing the US Notes;

"US Individual Note Certificates" or "US Individual Note Certificate" means
the Individual Note Certificates in registered form representing the US Notes;

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"US Notes" means generally the Notes which are not Reg S Notes and in relation
to an Issuer the Notes issued by that Issuer which are not Reg S Notes;

"US Paying Agent" means Citibank N.A., acting through its office at 14 Floor,
388 Greenwich Street, New York, New York 10013;

"Valuation Report" means the valuation report or reports for mortgage
purposes, in the form of the pro-forma contained in the Standard
Documentation, obtained by the Seller from a Valuer in respect of each
Mortgaged Property or a valuation report in respect of a valuation made using
a methodology which would be acceptable to a reasonable prudent mortgage
lender;

"Valuer" means an Associate or Fellow of the Royal Institution of Chartered
Surveyors or the Incorporated Society of Valuers and Auctioneers who was at
the relevant times either a member of a firm which was on the list of Valuers
approved by or on behalf of the Seller from time to time or an Associate or
Fellow of the Royal Institute of Chartered Surveyors or the Incorporated
Society of Valuers and Auctioneers employed in-house by the Seller acting for
the Seller in respect of the valuation of a Mortgaged Property;

"WAFF" means the weighted average repossession frequency in respect of the
Mortgage Portfolio; and

"WALS" means the weighted average loss severity in respect of the Mortgage
Portfolio.

"Weighted Average Funding Share Percentage" means the weighted percentage
share of Funding in the Trust Property from time to time, as determined in
accordance with Clause 8 (Adjustment of Funding Share Percentage, Funding 2
Share Percentage and Seller Share Percentage) of the Mortgages Trust Deed;

"Weighted Average Funding 2 Share Percentage" means the weighted percentage
share of Funding 2 in the Trust Property from time to time, as determined in
accordance with Clause 8 (Adjustment of Funding Share Percentage, Funding 2
Share Percentage and Seller Share Percentage) of the Mortgages Trust Deed;

"Weighted Average Seller Share Percentage" means the weighted percentage share
of the Seller in the Trust Property from time to time, as determined in
accordance with Clause 8 (Adjustment of Funding Share Percentage, Funding 2
Share Percentage and Seller Share Percentage) of the Mortgages Trust Deed;

2.    Interpretation and Construction

Any reference in this Programme Master Definitions Schedule or any Transaction
Document to:

            "agreed form" means, in relation to any document, the draft of
            that document the form of which has been agreed between the
            parties thereto (or if such document is delivered pursuant to
            another Transaction Document, between the parties to such
            Transaction Document) and initialled on their behalf for the
            purpose of identification;

            the "assets" of any person shall be construed as a reference to
            the whole or any part of its business, undertakings, property,
            intellectual property, shares, securities, debts, accounts,
            revenues (including any right to receive revenues), goodwill,
            shareholdings and uncalled capital including premium whether now
            or hereafter acquired and any other assets whatsoever;

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            the "assignment" of any Mortgage Loan shall be construed, in
            relation to any Scottish Mortgage Loan and its Related Security,
            so as to include the transfer of the beneficial interest therein
            and/or the legal title thereto, and the terms "assign" and
            "assigned" shall in that context be construed accordingly;

            "disposal" shall be construed as any sale, lease, transfer,
            conveyance, assignment, assignation, licence, sub-licence or other
            disposal and "dispose" shall be construed accordingly;

            a "guarantee" means any guarantee, bond, indemnity, letter of
            credit, third party security or other legally binding assurance
            against financial loss granted by one person in respect of any
            indebtedness of another person, or any agreement to assume any
            indebtedness of any other person or to supply funds or to invest
            in any manner whatsoever in such other person by reason of, or
            otherwise in relation to, indebtedness of such other person;

            "indebtedness" shall be construed so as to include any obligation
            (whether incurred as principal or as surety) for the payment or
            repayment of money, whether present or future, actual or
            contingent;

            a "month" is a reference to a period starting on one day in a
            calendar month and ending on the numerically corresponding day in
            the next calendar month save that, where any such period would
            otherwise end on a day which is not a business day, it shall end
            on the next business day, unless that day falls in the calendar
            month succeeding that in which it would otherwise have ended, in
            which case it shall end on the preceding business day, provided
            that, if a period starts on the last business day in a calendar
            month or if there is no numerically corresponding day in the month
            in which that period ends, that period shall end on the last
            business day in that later month (and references to "months" shall
            be construed accordingly);

            "party" shall be construed as a party to a particular agreement,
            as the case may be;

            "subsidiary" means, (a) a subsidiary within the meaning of Section
            736 of the Companies Act 1985, and (b) unless the context requires
            otherwise, a subsidiary undertaking within the meaning of Section
            258 of the Companies Act 1985;

            "VAT" means value added tax imposed by the United Kingdom as
            referred to in the Value Added Tax Act 1994 and legislation
            (whether delegated or otherwise) replacing the same or
            supplemental thereto or in any primary or subordinate legislation
            promulgated by the European Union or any official body or agency
            thereof, and any similar turnover tax replacing or introduced in
            addition to any of the same;

            a "wholly-owned subsidiary" of a company or corporation shall be
            construed as a reference to any company or corporation which has
            no other members except that other company or corporation and that
            other company's or corporation's wholly-owned subsidiaries or
            persons acting on behalf of that other company or corporation or
            its wholly-owned subsidiaries; and

            the "winding-up" or "administration" of a company or corporation
            shall be construed so as to include any equivalent or analogous
            proceedings under the law of the jurisdiction in which such
            company or corporation is incorporated or any jurisdiction in
            which such company or corporation carries on business including
            the seeking of liquidation, winding-up, bankruptcy,

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            reorganisation, dissolution, administration, arrangement,
            adjustment, protection or relief of debtors.

2.1   "(pound)", "sterling", "Sterling" or "pounds sterling" denotes the
      lawful currency for the time being of the United Kingdom of Great
      Britain and Northern Ireland; "(euro)", "euro" or "Euro" denotes the
      lawful currency for the time being of the member states of the European
      Union that adopt the single currency introduced at the start of the
      third stage of European Economic Monetary Union pursuant to the Treaty
      of Rome of 25th March, 1957, establishing the European Community as
      amended from time to time and as amended by, inter alia, the Treaty of
      European Union of 7th February, 1992; "$", "US$", "US dollars",
      "dollars" or "Dollars" denotes the lawful currency for the time being of
      the United States of America.

2.2   In this Programme Master Definitions Schedule and in any of the
      Transaction Documents in which this Programme Master Definitions
      Schedule is expressed to be incorporated or to which this Programme
      Master Definitions Schedule is expressed to apply:

      (a)   words denoting the singular number only shall include the plural
            number also and vice versa;

      (b)   words denoting one gender only shall include the other genders;

      (c)   words denoting persons only shall include firms and corporations
            and vice versa;

      (d)   references to any statutory provision shall be deemed also to
            refer to any statutory modification or re-enactment thereof or any
            statutory instrument, order or regulation made thereunder or under
            any such re-enactment;

      (e)   references to any agreement or other document (including any of
            the Transaction Documents) shall be deemed also to refer to such
            agreement or document as amended, varied, supplemented or novated
            from time to time;

      (f)   clause, paragraph and schedule headings are for ease of reference
            only;

      (g)   reference to a statute shall be construed as a reference to such
            statute as the same may have been, or may from time to time be,
            amended or re-enacted to the extent such amendment or re-enactment
            is substantially to the same effect as such statute on the date
            hereof;

      (h)   unless stated otherwise reference to a time of day shall be
            construed as a reference to London (GMT) time; and

      (i)   references to any person shall include references to his
            successors, transferees and assigns and any person deriving title
            under or through him.

2.3   Save as provided otherwise, where any obligation in a Transaction
      Document is owed to more than one party that obligation is owed to each
      of them separately and may be enforced by any of them.

2.4   Any reference in any Mortgages Trust Transaction Document to any
      discretion, power or right on the part of the Mortgages Trustee shall
      (where otherwise expressly provided in such Mortgages Trust Transaction
      Document) be expressed by the Mortgages Trustee only as directed by the
      Beneficiary but subject in each case to the provisions of the Mortgages
      Trust Deed and the Controlling Beneficiary Deed.

                                      92
<PAGE>

3.    Governing Law

This Programme Master Definitions Schedule is governed by, and shall be
construed in accordance with, the laws of England.

SIGNATORIES

SIDLEY AUSTIN BROWN & WOOD

By:

ALLEN & OVERY LLP

By:

                                      93Exhibit 10.5.2

                            Dated 29 January, 2005

                           GRANITE MASTER ISSUER PLC

-------------------------------------------------------------------------------

                      ISSUER MASTER DEFINITIONS SCHEDULE
                       (as amended by Deeds of Amendment
          dated 26 August 2005, 25 January 2006 and 29 January 2007)

-------------------------------------------------------------------------------

                            SIDLEY AUSTIN (UK) LLP
                               WOOLGATE EXCHANGE
                             25 BASINGHALL STREET
                                LONDON EC2V 5HA
                            TELEPHONE 020 7360 3600
                            FACSIMILE 020 7626 7937

<PAGE>

                                   CONTENTS
1.       Definitions...........................................................1
2.       Interpretation and Construction......................................22
3.       Governing Law........................................................24

                                      i
<PAGE>

THIS ISSUER MASTER DEFINITIONS SCHEDULE is signed for the purposes of
identification on 19 January 2005

BY:

(1)   Sidley Austin Brown & Wood of Woolgate Exchange, 25 Basinghall Street,
      London EC2V 5HA; and

(2)   Allen & Overy LLP of One New Change, London EC4M 9QQ.

1.    Definitions

Words and expressions used in any document which incorporates this clause or
to which this clause applies shall, have the same meanings as are set out in
this Issuer Master Definitions Schedule except so far as the context requires
otherwise.

      "AAA Loan Tranches" means the Loan Tranches made by the Master Issuer to
      Funding 2 under the Global Intercompany Loan Agreement from the proceeds
      of issue of any Series of Class A Notes;

      "AA Loan Tranches" means the Loan Tranches made by the Master Issuer to
      Funding 2 under the Global Intercompany Loan Agreement from the proceeds
      of issue of any Series of Class B Notes;

      "A Loan Tranches" means the Loan Tranches made by the Master Issuer to
      Funding 2 under the Global Intercompany Loan Agreement from the proceeds
      of issue of any Series of Class M Notes;

      "Account Bank" means, in relation to the Master Issuer, the Issuer
      Account Banks and for any other Issuer, the Account Bank for such Issuer
      appointed from time to time in accordance with the relevant Issuer
      Transaction Documents;

      "Agent Bank" means, in relation to the Master Issuer, Citibank, N.A.,
      Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB initially
      appointed pursuant to the Issuer Paying Agent and Agent Bank Agreement
      or, if applicable, any successor Agent Bank at its Specified Office;

      "Agents" means, in relation to the Master Issuer, the Principal Paying
      Agent, the US Paying Agent, the Registrar and the Transfer Agent,
      initially appointed pursuant to the Issuer Paying Agent and Agent Bank
      Agreement, or, if applicable, any successor agents;

      "Alternative Clearing System" means any clearing system other than DTC,
      Euroclear and Clearstream, Luxembourg approved in writing by the Note
      Trustee;

      "Appointee" has the meaning specified in the Issuer Trust Deed;

      "Auditors" or "auditors" means PricewaterhouseCoopers of 89 Sandyford
      Road, Newcastle upon Tyne NE99 1PL or such other internationally
      recognised independent firm of auditors selected from time to time by
      (in the case of the Mortgages Trustee) the Mortgages Trustee or (in the
      case of Funding 2) Funding 2 or (in the case of the Master Issuer) the
      Master Issuer and appointed by the Mortgages Trustee, Funding 2 or the
      Master Issuer as the case may be;

      "Authorised Denominations" has the same meaning as "Authorised
      Holdings";

                                      1
<PAGE>

      "Authorised Holdings" means in respect of the US Notes, $100,000 and
      integral multiples of $1,000 in excess thereof, or in relation to a
      Series and Class of Issuer Notes, as otherwise specified in the
      applicable Note Supplement;

      "Authorised Signatory" means in relation to:

      (a)   the Master Issuer, any authorised signatory referred to in the
            Mandates relating to the Master Issuer;

      (b)   the Mortgages Trustee, any authorised signatory referred to in the
            Mortgages Trustee Account Mandates; and

      (c)   Funding 2, any authorised signatory referred to in the Funding 2
            Account Mandates;

      "Basic Terms Modification" in relation to the Issuer Notes has the
      meaning set out in Schedule 4 to the Issuer Trust Deed;

      "BBB Loan Tranches" means the Loan Tranches made by the Master Issuer to
      Funding 2 under the Global Intercompany Loan Agreement from the proceeds
      of issue of any Series of Class C Notes;

      "BB Loan Tranches" means the Loan Tranches made by the Master Issuer to
      Funding 2 under the Global Intercompany Loan Agreement from the proceeds
      of issue of any Series of Class D Notes;

      "Block Voting Instruction" has the meaning set out in Schedule 4 to the
      Issuer Trust Deed;

      "Blocked Note" has the meaning specified in Schedule 4 to the Issuer
      Trust Deed;

      "Bullet Loan Tranche" means any Loan Tranche which is scheduled to be
      repaid in full on one Loan Payment Date. Bullet Loan Tranches will be
      deemed to be Pass-Through Loan Tranches if:

      (a)   a date specified in relation to the same in the applicable Loan
            Tranche Supplement occurs;

      (b)   a Pass-Through Trigger Event occurs; or

      (c)   the Step-Up Date (if any) in relation to such Loan Tranche occurs.

      "Bullet Repayment Date" means for any Bullet Loan Tranche the Monthly
      Payment Date specified as such for such Loan Tranche in the applicable
      Loan Tranche Supplement;

      "Business Day" means, in relation to the Issuer Notes, a day that is a
      London Business Day, a New York Business Day and a TARGET Business Day;

      "Calculation Agent" in relation to any Issuer Swap Agreement has the
      meaning given to it under such Issuer Swap Agreement;

      "certification date" has the meaning specified in the Issuer Trust Deed;

      "Chairman" has the meaning set out in Schedule 4 to the Issuer Trust
      Deed;

      "Class" means any of the Class A Notes, the Class B Notes, the Class M
      Notes, the Class C Notes and the Class D Notes;

                                      2
<PAGE>

      "Class A Noteholders" means the holders of the Class A Notes;

      "Class A Notes" means, in relation to the Master Issuer, the Issuer
      Notes of any Series designated as such in the applicable Final Terms
      and, in relation to any other Issuer, the Notes issued by such Issuer
      which are defined as such under the relevant Issuer Master Definitions
      Schedule;

      "Class B Noteholders" means the holders of the Class B Notes;

      "Class B Notes" means, in relation to the Master Issuer, the Issuer
      Notes of any Series designated as such in the applicable Final Terms
      and, in relation to any other Issuer, the Notes issued by such Issuer
      which are defined as such under the relevant Issuer Master Definitions
      Schedule;

      "Class C Noteholders" means the holders of the Class C Notes;

      "Class C Notes" means, in relation to the Master Issuer, the Issuer
      Notes of any Series designated as such in the applicable Final Terms;
      and, in relation to any other Issuer, the Notes issued by such Issuer
      which are defined as such under the relevant Issuer Master Definitions
      Schedule;

      "Class D Noteholders" means the holders of the Class D Notes;

      "Class D Notes" means, in relation to the Master Issuer, the Issuer
      Notes of any Series designated as such in the applicable Final Terms;
      and, in relation to any other Issuer, the Notes issued by such Issuer
      which are defined as such under the relevant Issuer Master Definitions
      Schedule;

      "Class M Noteholders" means the holders of the Class M Notes;

      "Class M Notes" means, in relation to the Master Issuer, the Issuer
      Notes of any Series designated as such in the applicable Final Terms;
      and, in relation to any other Issuer, the Notes issued by such Issuer
      which are defined as such under the relevant Issuer Master Definitions
      Schedule;

      "Clearing System" means any of DTC (with respect to the US Notes) and
      Euroclear and Clearstream, Luxembourg (with respect to the Reg S Notes),
      and any Alternative Clearing System;

      "Clearstream, Luxembourg" means Clearstream Banking, societe anonyme;

      "Closing Date" means the closing date for the issuance of any Series and
      Class of Issuer Notes as specified in the Final Terms for such Issuer
      Notes;

      "Common Depositary" means Citibank, N.A. in its capacity as common
      depositary for Euroclear or Clearstream, Luxembourg in respect of the
      Sterling Global Note Certificates and the Euro Global Note Certificates;

      "Conditions" or "Terms and Conditions" means, in relation to any Issuer
      Notes, the terms and conditions to be endorsed on such Issuer Notes in
      the form or substantially in the form scheduled to the Issuer Trust
      Deed, as any of the same may from time to time be amended, varied or
      restated in accordance with the provisions of the Issuer Trust Deed, and
      any reference to a numbered Condition shall be construed accordingly;

      "Contractual Currency" has the meaning specified in Clause 13 of the
      Issuer Trust Deed;

                                      3
<PAGE>

      "Cut-Off Date" means the cut-off date in relation to the issuance of any
      Series of Issuer Notes, which will be specified in the Final Terms for
      such Issuer Notes;

      "Dealers" means Barclays Bank PLC, Citigroup Global Markets Limited and
      Merrill Lynch International and any other dealers appointed from time to
      time in accordance with the Programme Agreement;

      "Deferred Interest" in relation to the Issuer Notes has the meaning
      given to it under Condition 4 of the Issuer Notes;

      "Designated Subsidiary" means (a) in respect of the Issuer
      Post-Enforcement Call Option Agreement, a designated subsidiary of the
      Issuer Post-Enforcement Call Option Holder, to be designated by notice
      from the Issuer Post-Enforcement Call Option Holder to the Note Trustee,
      at the discretion of the Issuer Post-Enforcement Call Option Holder; and
      (b) in respect of the Issuer Post-Enforcement Start-Up Loan Option
      Agreement, a designated subsidiary of the Issuer Post-Enforcement Call
      Option Holder, to be designated by notice from the Issuer
      Post-Enforcement Call Option Holder to the Issuer Start-Up Loan
      Provider, at the discretion of the Issuer Post-Enforcement Call Option
      Holder;

      "Determination Date" means, in respect of a Series and Class of Issuer
      Notes, the date(s) specified as such in the applicable Final Terms;

      "Determination Period" means each period from (and including) a
      Determination Date to (but excluding) the next Determination Date
      (including, where either the Interest Commencement Date or the final
      Note Payment Date is not a Determination Date, the period commencing on
      the first Determination Date prior to, and ending on the first
      Determination Date falling after, such date);

      "DTC" means the Depository Trust Company;

      "DTC Custodian" means Citibank, N.A. in its capacity as custodian for
      DTC in respect of the US Global Note Certificates;

      "Dual Currency Interest Notes" means an Issuer Note, the interest basis
      of which is specified in the applicable Final Terms as being dual
      currency interest;

      "EONIA Rate" means the Euro OverNight Index Average which is the
      effective overnight reference rate for the Euro computed as a weighted
      average of all overnight unsecured lending transactions undertaken in
      the interbank market, initiated within the Euro area by the contributing
      banks;

      "EU Regulation" means the Council Regulation (EC) No. 1346/2000 of 29
      May 2000 on Insolvency Proceedings;

      "EURIBOR" means the Euro-some inter-bank offered rate, as determined by
      the Agent Bank in accordance with the Issuer Paying Agent and Agent Bank
      Agreement; "Euroclear" means the Euroclear system;

      "Event of Default" means, as the context requires, either of the
      following:

      (a)   for any Issuer Notes, an event of default under the Terms and
            Conditions of those Issuer Notes; or

                                      4
<PAGE>

      (b)   for the Global Intercompany Loan, or any other Funding 2
            Intercompany Loan, the occurrence of an event of default under the
            terms and conditions of the Global Intercompany Loan Agreement or
            the applicable Funding 2 Intercompany Loan Agreement.

      "Extraordinary Resolution" in relation to the Issuer Notes has the
      meaning set out in Schedule 4 to the Issuer Trust Deed;

      "Final Maturity Date" means, in respect of any Series and Class of
      Issuer Notes, the date specified as such for such Series and Class of
      Issuer Notes in the related Final Terms;

      "Final Repayment Date" means, in relation to any Loan Tranche, the date
      specified as such for such Loan Tranche in the related Loan Tranche
      Supplement;

      "Financial Year" means, in relation to the Master Issuer, Holdings, the
      Mortgages Trustee, Funding 2 and the Issuer Post Enforcement Call Option
      Holder, each twelve month period ending on the last day of the calendar
      year;

      "Floating Rate Note" means an Issuer Note, the interest basis of which
      is specified in the applicable Final Terms as being floating rate;

      "Form of Proxy" has the meaning specified in Schedule 4 to the Issuer
      Trust Deed;

      "Funding 2 Programme Date" means 19 January, 2005;

      "Funding (Issuer) Reserve Fund" means a reserve fund established in the
      name of Funding for the benefit of a Funding Issuer;

      "Global Intercompany Loan" means at any time, the aggregate of all Loan
      Tranches advanced under the Global Intercompany Loan Agreement;

      "Global Intercompany Loan Agreement" means the global intercompany loan
      agreement dated on or about the Funding 2 Programme Date between the
      Master Issuer, Funding 2, the Funding 2 Security Trustee and the Agent
      Bank;

      "Global Intercompany Loan Event of Default" has the meaning set out in
      the Global Intercompany Loan Agreement;

      "Global Note Certificates" means the note certificates representing the
      Issuer Notes in global form and "Global Note Certificate" means any one
      of them;

      "GPCH" means GPCH Limited, a company incorporated with Limited Liability
      under the laws of England and Wales with registered number 4128437;

      "Holder" or "holder" means, in relation to the Issuer Notes, the person
      in whose name an Issuer Note is for the time being registered in the
      Register (or in the case of joint holders, the first named thereof);

      "Index Linked Interest Note" means an Issuer Note, the interest basis of
      which is specified in the applicable Final Terms as being index linked
      interest;

      "Individual Note Certificates" means the note certificates representing
      the Issuer Notes in definitive form;

      "Interest Amounts" has the meaning given to it under Condition 4(B) of
      the Issuer Notes;

                                      5
<PAGE>

      "Interest Determination Date" means in respect of any Series and Class
      of Issuer Notes, the Closing Date of such Issuer Notes or such other
      date as may be specified as such in the applicable Final Terms;

      "Interest Period" means:

      (a)   in relation to any Series and Class of Issuer Notes, (i) with
            respect to the first Payment Date, the period from (and including)
            the Interest Commencement Date for such Issuer Notes to (but
            excluding) such first Payment Date, and (ii) thereafter, with
            respect to each Note Payment Date for such Issuer Notes, the
            period from (and including) the preceding Note Payment Date to
            (but excluding) such current Note Payment Date for such Issuer
            Notes; and

      (b)   in respect of any Loan Tranche, (i) with respect to the first Loan
            Payment Date for such Loan Tranche, the period from (and
            including) the applicable Interest Commencement Date to (but
            excluding) such first Loan Payment Date, and (ii) thereafter, with
            respect to each Loan Payment Date for such Loan Tranche, the
            period from (and including) the preceding Loan Payment Date to
            (but excluding) such current Loan Payment Date;

      "Issuer Account Bank" means any of the banks at which the Issuer Bank
      Accounts are maintained from time to time, being (i) in respect of the
      Issuer Transaction Accounts, the Issuer Transaction Account Banks; and
      (ii) in respect of the Issuer GIC Account, the Issuer GIC Account Bank,
      and/or any other Authorised Entity appointed by the Master Issuer (with
      the prior written approval of the Issuer Security Trustee) in accordance
      with the Issuer Transaction Documents;

      "Issuer Available Principal Receipts" means:

      (1)   prior to enforcement of the Issuer Security, in respect of any
            Monthly Payment Date, the sum calculated by the Issuer Cash
            Manager on the Distribution Date immediately preceding such
            Monthly Payment Date equal to:

            (a)   all principal amounts repaid by Funding 2 to the Master
                  Issuer under the Global Intercompany Loan Agreement on that
                  Monthly Payment Date; and

            (b)   in so far as needed to make and Issuer Reserve Principal
                  Payment, any amount available to be drawn under the Issuer
                  Reserve Fund, less any amounts to be applied on the relevant
                  Monthly Payment Date in payment of interest or expenses
                  under the Issuer Pre-Enforcement Revenue Priority of
                  Payments, plus any amounts to be credited to the Issuer
                  Reserve Ledger under the Issuer Pre-Enforcement Principal
                  Priority of Payments on the relevant Monthly Payment Date.

      "Issuer Available Revenue Receipts" means, in respect of any Monthly
      Payment Date, the sum calculated by the Issuer Cash Manager on the
      Distribution Date immediately preceding such Monthly Payment Date equal
      to the sum of:

            (1)   interest, fees and any other amount (including the amounts
                  standing to the credit of the Issuer Expense Sub-Ledger but
                  excluding principal) paid by Funding 2 on or prior to the
                  relevant Monthly Payment Date in respect of the Global
                  Intercompany Loan;

            (2)   other net income of the Master Issuer including all amounts
                  of interest received on the Issuer GIC Account and the
                  Issuer Transaction Accounts and/or any income from
                  Authorised Investments (but excluding Swap Collateral (if
                  any) standing to the credit

                                      6
<PAGE>

                  of the Issuer Swap Collateral Account), in each case to be
                  received on or prior to such relevant Monthly Payment Date;
                  and

            (3)   the amounts available to be drawn under the Issuer Reserve
                  Fund, subject to any limits or conditions on the purposes
                  for which the Issuer Reserve Fund may be utilised;

      For the avoidance of doubt, the Issuer Available Revenue Receipts shall
      not include any Swap Collateral standing to the credit of the Issuer
      Swap Collateral Accounts.

      "Issuer Bank Accounts" means the Issuer Transaction Accounts and the
      Issuer GIC Account and also includes any additional or replacement bank
      account opened in the name of the Master Issuer from time to time with
      the prior written consent of the Issuer Security Trustee and the Rating
      Agencies and "Issuer Bank Account" means any of them;

      "Issuer Bank Account Agreement" means the bank account agreement dated
      on or about the Funding 2 Programme Date between the Master Issuer, the
      Issuer Cash Manager, the Issuer Account Banks and the Issuer Security
      Trustee as may be amended, restated, varied or supplemented from time to
      time and shall include any additional and/or replacement cash management
      agreement entered into by the Master Issuer from time to time in
      connection with the Issuer Notes;

      "Issuer Canadian Dollar Account" means the account of the Master Issuer
      (account number 11652311) held with Citibank, N.A., denominated in
      Canadian Dollars and maintained subject to the terms of the Issuer Bank
      Account Agreement and the Issuer Deed of Charge, or any additional or
      replacement account denominated in Canadian Dollars as may for the time
      being be in place with the prior consent of the Note Trustee;

      "Issuer Canadian Dollar Account Mandate" means the account mandate of
      the Master Issuer for the Issuer Canadian Dollar Account;

      "Issuer Cash Management Agreement" means the cash management agreement
      entered into on or about the Funding 2 Programme Date between the Issuer
      Cash Manager, the Master Issuer and the Issuer Security Trustee, as may
      be amended, restated, varied or supplemented from time to time and shall
      include any additional and/or replacement cash management agreement
      entered into by the Master Issuer from time to time in connection with
      the Issuer Notes;

      "Issuer Cash Management Services" means the services to be provided to
      the Master Issuer and the Issuer Security Trustee by the Issuer Cash
      Manager pursuant to the Issuer Cash Management Agreement;

      "Issuer Cash Manager" means Northern Rock acting pursuant to the Issuer
      Cash Management Agreement as agent for the Master Issuer and the Issuer
      Security Trustee in managing all cash transactions and maintaining
      certain ledgers on behalf of the Master Issuer;

      "Issuer Cash Manager Termination Event" means any of the events
      specified in paragraphs (a) through (c) of Clause 11.1 of the Issuer
      Cash Management Agreement;

      "Issuer Charged Property" means the property, assets and undertakings of
      the Master Issuer which from time to time are or are expressed to be
      mortgaged, charged, assigned, pledged or otherwise encumbered to, or in
      favour of, the Issuer Security Trustee for itself and for the other
      Issuer Secured Creditors under the Issuer Deed of Charge or any other
      Issuer Transaction Document;

                                      7
<PAGE>

      "Issuer Conditions" or "Issuer Terms and Conditions" means the terms and
      conditions to be endorsed on the Issuer Notes, substantially in the form
      set out in Schedule 3 to the Issuer Trust Deed, as any of the same may
      be amended, varied or restated in accordance with the provisions of the
      Issuer Trust Deed, and any reference to a numbered Condition shall be
      construed accordingly;

      "Issuer Corporate Services Agreement" or "Corporate Services Agreement"
      means the corporate services agreement entered into on or about the
      Funding 2 Programme Date between, inter alia, the Issuer Corporate
      Services Provider, Holdings, the Issuer Post Enforcement Call Option
      Holder, the Master Issuer, Funding 2 and Northern Rock for the provision
      by the Issuer Corporate Services Provider of certain corporate services
      with respect to Holdings, the Issuer Post Enforcement Call Option
      Holder, Funding 2 and the Master Issuer as may be amended, restated,
      varied or supplemented from time to time and shall include any
      additional and/or replacement corporate services agreement entered into
      by such parties from time to time in accordance with the Issuer
      Transaction Documents;

      "Issuer Corporate Services Provider" or "Corporate Services Provider"
      means in relation to any of the Master Issuer, Funding 2, Holdings or
      the Issuer Post Enforcement Call Option Holder, Law Debenture Corporate
      Services Limited or such other person or persons for the time being
      acting as corporate services provider under the Issuer Corporate
      Services Agreement;

      "Issuer Deed of Charge" means the deed of charge entered into on or
      about the Funding 2 Programme Date between, inter alios, the Master
      Issuer, the Note Trustee, the Issuer Security Trustee, the Issuer
      Corporate Services Provider, the Issuer Account Banks, the Issuer Cash
      Manager, the Principal Paying Agent and the other Agents appointed
      pursuant to the Issuer Paying Agent and Agent Bank Agreement;

      "Issuer Dollar Account" means the account of the Master Issuer (account
      number 10860263) held with Citibank, N.A., denominated in U.S. Dollars
      and maintained subject to the terms of the Issuer Bank Account Agreement
      and the Issuer Deed of Charge, or any additional or replacement account
      denominated in U.S. Dollars as may for the time being be in place with
      the prior consent of the Note Trustee;

      "Issuer Dollar Account Mandate" means the account mandate of the Master
      Issuer for the Issuer Dollar Account;

      "Issuer Enforcement Notice" means a notice served by the Note Trustee
      for the acceleration of the amounts outstanding in respect of the Issuer
      Notes and the enforcement of the Issuer Security following a Note Event
      of Default;

      "Issuer Euro Account" means the account of the Master Issuer (account
      number 10861537) held with Citibank, N.A., denominated in Euro and
      maintained subject to the terms of the Issuer Bank Account Agreement and
      the Issuer Deed of Charge, or any additional or replacement account
      denominated in Euro as may for the time being be in place with the prior
      consent of the Note Trustee;

      "Issuer Euro Account Mandate" means the account mandate of the Master
      Issuer for the Issuer Euro Account;

      "Issuer Event of Default" means a Note Event of Default;

      "Issuer Expense Sub-Ledger" means the sub-ledger of the Issuer Revenue
      Ledger relating to certain expenses of the Master Issuer;

                                      8
<PAGE>

      "Issuer GIC Account" means the account in the name of the Master Issuer
      held at Northern Rock and maintained subject to the terms of the Issuer
      Bank Account Agreement, the Issuer Deed of Charge, or any additional or
      replacement account as may for the time being be in place with the prior
      consent of the Issuer Security Trustee;

      "Issuer GIC Account Bank" means the Issuer GIC Provider or any other
      Authorised Entity appointed by the Master Issuer in accordance with the
      Issuer Transaction Documents;

      "Issuer GIC Account Mandate" means the account mandate of the Master
      Issuer for the Issuer GIC Account;

      "Issuer GIC Provider" means Northern Rock or any other person or persons
      as are for the time being the Issuer GIC Provider under the applicable
      Issuer Bank Account Agreement;

      "Issuer Income Deficit" means a deficit of the Issuer Available Revenue
      Receipts to pay items (A) through (M) of the Issuer Pre-Enforcement
      Revenue Priority of Payments as set forth in paragraph 1 of Schedule 2
      of the Issuer Deed of Charge;

      "Issuer Ledgers" means the Issuer Revenue Ledger, the Issuer Principal
      Ledger, the Issuer Reserve Fund Ledger, the Issuer Note Ledger and the
      Swap Collateral Ledger and any other ledger required to be maintained
      pursuant to the Issuer Cash Management Agreement;

      "Issuer Master Definitions Schedule" means this master definitions
      schedule relating to the Master Issuer and the Issuer Transaction
      Documents signed for the purposes of identification by Sidley Austin
      Brown & Wood and Allen & Overy LLP on or about the Funding 2 Programme
      Date;

      "Issuer Note Ledger" means the ledger on which the Issuer Cash Manager
      records interest and principal received and paid out by the Master
      Issuer in respect of the Issuer Notes;

      "Issuer Notes" means all of the Class A Notes, the Class B Notes, the
      Class M Notes, the Class C Notes and the Class D Notes of the Master
      Issuer or any of them as the context may require;

      "Issuer NR Sterling Account" means the account of the Master Issuer
      (account number [?]) held with Northern Rock plc, denominated in
      Sterling and maintained subject to the terms of the Issuer Bank Account
      Agreement and the Issuer Deed of Charge, or any additional or
      replacement account denominated in Sterling as may for the time being be
      in place with the prior consent of the Note Trustee;

      "Issuer NR Sterling Account Mandate" means the account mandate of the
      Master Issuer for the Issuer NR Sterling Account;

      "Issuer Paying Agent and Agent Bank Agreement" means the paying agent
      and agent bank agreement to be entered into on or about the Funding 2
      Programme Date between, inter alios, the Master Issuer, the Note
      Trustee, the Issuer Security Trustee, the Principal Paying Agent, the US
      Paying Agent and the other Agents and any other agreement for the time
      being in force appointing successor agents;

      "Issuer Post-Enforcement Call Option Agreement" means the
      post-enforcement call option agreement to be entered into on or about
      the Funding 2 Programme Date between the Master Issuer, the Issuer
      Post-Enforcement Call Option Holder and the Note Trustee;

      "Issuer Post-Enforcement Call Option Holder" means GPCH Limited, a
      company incorporated with limited liability under the laws of England
      and Wales, registered number

                                      9
<PAGE>

      4128437, or such other person or persons for the time being acting as
      post-enforcement call option holder under the Issuer Post-Enforcement
      Call Option Agreement or the Issuer Post-Enforcement Start-Up Loan
      Option Agreement, as applicable;

      "Issuer Post-Enforcement Priority of Payments" means the order of
      priority of payments in which Issuer Available Revenue Receipts, Issuer
      Available Principal Receipts and all other monies, income, receipts and
      recoveries of the Master Issuer or the Issuer Security Trustee or any
      Receiver will be applied following enforcement of the Issuer Security
      and as set out in Schedule 2 to the Issuer Deed of Charge;

      "Issuer Post-Enforcement Start-Up Loan Option Agreement" means the
      post-enforcement start-up loan option agreement to be entered into on or
      about the Funding 2 Programme Date between the Master Issuer, the
      Post-Enforcement Call Option Holder and the Issuer Start-Up Loan
      Provider;

      "Issuer Pre-Enforcement Revenue Priority of Payments" means the order of
      priority of payments in which the Issuer Available Revenue Receipts will
      be applied until enforcement of the Issuer Security as set out in
      Schedule 2 to the Issuer Deed of Charge;

      "Issuer Pre-Enforcement Principal Priority of Payments" means the order
      of priority of payments in which the Issuer Available Principal Receipts
      will be applied until enforcement of the Issuer Security as set out in
      Schedule 2 to the Issuer Cash Management Agreement;

      "Issuer Pre-Enforcement Priority of Payments" means, as applicable, any
      of the Issuer Pre-Enforcement Revenue Priority of Payments or the Issuer
      Pre-Enforcement Principal Priority of Payments;

      "Issuer Principal Ledger" means the ledger on which the Issuer Cash
      Manager records Issuer Available Principal Receipts received and paid
      out by the Master Issuer;

      "Issuer Principal Receipts" means on any Loan Payment Date principal
      amounts repaid by Funding 2 in respect of the Global Intercompany Loan
      on such Loan Payment Date;

      "Issuer Priority of Payments" means, as applicable, any of the Issuer
      Pre-Enforcement Revenue Priority of Payments, the Issuer Pre-Enforcement
      Principal Priority of Payments or the Issuer Post-Enforcement Priority
      of Payments;

      "Issuer Reserve Fund" means the reserve fund established in the name of
      the Master Issuer as required under the terms of the Global Intercompany
      Loan on the Funding 2 Programme Date in an amount not exceeding the
      Issuer Reserve Required Amount;

      "Issuer Reserve Ledger" means a ledger maintained by the Issuer Cash
      Manager to record the amount credited to the Issuer Reserve Fund and
      withdrawals and deposits in respect of the Issuer Reserve Fund;

      "Issuer Reserve Minimum Amount" means, as of any Date of Determination,
      on any date and subject to amendment, is the product of (a) one per
      cent. and (b) the aggregate Principal Amount Outstanding of the Issuer
      Notes (including Principal Amount Outstanding of Issuer Notes issued on
      such date);

      "Issuer Reserve Principal Payment" means, either:

      (a)   prior to the occurrence of a Trigger Event, repayment of principal
            due and payable in respect of the Original Bullet Redemption Notes
            (which are Class A Notes); or

                                      10
<PAGE>

      (b)   on or after the occurrence of a Trigger Event, repayment of
            principal due and payable in respect of the Original Bullet
            Redemption Notes (which are Class A Notes) on their respective
            final maturity dates only;

      "Issuer Reserve Required Amount" means, as of any Date of Determination,
      on any date and subject to amendment, the greater of: (a) the Issuer
      Reserve Minimum Amount; and (b) the Programme Reserve Required Amount
      less the amount standing to the credit of the Funding 2 Reserve Fund on
      such date (after taking account of amounts to be debited from and
      credited to the Funding 2 Reserve Fund on such date);

      "Issuer Revenue Ledger" means the ledger maintained by the Issuer Cash
      Manager pursuant to the Issuer Cash Management Agreement to record the
      Issuer Revenue Receipts standing to the credit of the Issuer Transaction
      Accounts from time to time;

      "Issuer Revenue Receipts" has the same meaning as "Issuer Available
      Revenue Receipts";

      "Issuer Secured Creditors" means the Issuer Security Trustee (and any
      Receiver appointed pursuant to the Issuer Deed of Charge), the Note
      Trustee, the Issuer Swap Providers, any Start-Up Loan Provider, the
      Issuer Corporate Services Provider, each Issuer Account Bank, the Issuer
      Cash Manager, the Paying Agents, the Agent Bank, the Registrar, the
      Transfer Agent and the Noteholders and each New Issuer Secured Creditor
      who accedes to the Issuer Deed of Charge from time to time;

      "Issuer Secured Obligations" means any and all of the monies,
      obligations and liabilities and all other amounts, due, owing, payable
      or owed by it to the Issuer Secured Creditors under and pursuant to the
      Issuer Transaction Documents;

      "Issuer Security" means the security granted by the Master Issuer under
      or pursuant to the Issuer Deed of Charge in favour of the Issuer
      Security Trustee for the benefit of the Issuer Secured Creditors;

      "Issuer Security Trustee" means The Bank of New York acting through its
      office at 40th Floor, One Canada Square, London E14 5AL, or such other
      persons and all other persons for the time being acting as the issuer
      security trustee or issuer security trustees pursuant to the Issuer Deed
      of Charge;

      "Issuer Start-Up Loan Provider" means Northern Rock, in its capacity as
      provider of the Start-Up Loan and/or such other person or persons for
      the time being the lender under the Start-Up Loan Agreement;

      "Issuer Sterling Account" means the account of the Master Issuer
      (account number 10860255) held with Citibank, N.A., denominated in
      Sterling and maintained subject to the terms of the Issuer Bank Account
      Agreement and the Issuer Deed of Charge, or any additional or
      replacement account denominated in Sterling as may for the time being be
      in place with the prior consent of the Note Trustee;

      "Issuer Sterling Account Mandate" means the account mandate of the
      Master Issuer for the Issuer Sterling Account;

      "Issuer Subscription Agreement" means an agreement supplemental to the
      Programme Agreement (by whatever name called) in or substantially in the
      form set out in the Programme Agreement or in such other form as may be
      agreed between the Master Issuer and the Dealers;

      "Issuer Swap Agreements" means the ISDA Master Agreements, schedules
      thereto and confirmations thereunder relating to the Issuer Swaps to be
      entered into on or about each

                                      11
<PAGE>

      Closing Date, and any credit support annexes or other credit support
      documents entered into at any time, as amended from time to time, among
      the Master Issuer, the applicable Issuer Swap Provider, the Issuer
      Security Trustee and/or any credit support provider and includes any
      additional and/or replacement Issuer Swap Agreement entered into by the
      Master Issuer from time to time in connection with the Issuer Notes;

      "Issuer Swap Collateral Accounts" means the accounts, if any, opened in
      the name of the Master Issuer for the purpose of holding Swap Collateral
      delivered to the Master Issuer and maintained in accordance with the
      Issuer Cash Management Agreement;

      "Issuer Swap Collateral Ancillary Documents" means any document
      (including, without limitation, any custodial agreement or bank account
      agreement but excluding the Issuer Swap Agreements, the Issuer Cash
      Management Agreement and the Issuer Deed of Charge) as may be entered
      into by the Master Issuer from time to time in connection with the Swap
      Collateral;

      "Issuer Swap Collateral Cash Account" means an account opened in the
      name of the Master Issuer form the purpose of holding Swap Collateral in
      cash and maintained in accordance with the terms of the Issuer Cash
      Management Agreement;

      "Issuer Swap Collateral Ledger" means the ledger and any sub-ledgers
      maintained by the Issuer Cash Manager in the books of the Master Issuer
      in accordance with Clause 4.7 (Swap Collateral) of the Issuer Cash
      Management Agreement;

      "Issuer Swap Collateral Securities Account" means a securities account
      opened in the name of the Master Issuer from the purpose of holding Swap
      Collateral in the form of securities and maintained in accordance with
      the terms of the Issuer Cash Management Agreement;

      "Issuer Swap Excluded Termination Amount" means, in relation to an
      Issuer Swap Agreement an amount equal to:

      (a)   the amount of any Swap Termination Payment due and payable to the
            relevant Issuer Swap Provider as a result of a Swap Provider
            Default in relation to such Issuer Swap Provider,

      less

      (b)   the Swap Replacement Premium (if any) received by the Master
            Issuer upon entry by the Master Issuer into an agreement to
            replace such Issuer Swap Agreement which has terminated as a
            result of such Swap Provider Default;

      "Issuer Swap Providers" means the institutions identified in respect of
      each Issuer Swap in the Final Terms related to the relevant Series and
      Class of Issuer Notes;

      "Issuer Swaps" means the Swap Transactions which will entitle the Master
      Issuer to receive and pay amounts under the Global Intercompany Loan in
      Sterling and to receive and pay amounts under the Issuer Notes not
      denominated in Sterling in the applicable specified currency and/or
      which will hedge the Master Issuer's payment obligations against
      movements in interest rates where there is a possible difference between
      an interest rate applicable to amounts received by the Master Issuer
      under a Loan Tranche and the interest rate applicable to amounts to be
      paid by the Master Issuer in respect of the related Series and Class of
      Issuer Notes;

      "Issuer Transaction Accounts" means the day to day bank accounts of the
      Master Issuer, held with any of the Issuer Transaction Account Banks and
      comprising the Issuer Euro Account, the Issuer Sterling Account, the
      Issuer Dollar Account, the Issuer Canadian Dollar

                                      12
<PAGE>

      Account and the Issuer NR Sterling Account or any other account of the
      Master Issuer that may be opened, with the prior approval of the Note
      Trustee, after the Funding 2 Programme Date, and maintained subject to
      the terms of the Issuer Bank Account Agreement and the Issuer Deed of
      Charge;

      "Issuer Transaction Account Bank" means each bank at which an Issuer
      Transaction Account is maintained from time to time, being in respect of
      the Issuer Euro Account, the Issuer Sterling Account, the Issuer
      Canadian Dollar Account and the Issuer Dollar Account, Citibank, N.A.,
      Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, or any
      other Authorised Entity appointed by the Master Issuer in accordance
      with the Issuer Transaction Documents and, in respect of the Issuer NR
      Sterling Account, Northern Rock plc, Northern Rock House, Gosforth,
      Newcastle upon Tyne NE3 4PL, or any other Authorised Entity appointed by
      the Master Issuer in accordance with the Issuer Transaction Documents
      and "Issuer Transaction Account Banks" means all of them;

      "Issuer Transaction Account Mandate" means any of the Issuer Sterling
      Account Mandate, the Issuer NR Sterling Account Mandate, the Issuer
      Dollar Account Mandate, the Issuer Canadian Dollar Amount Mandate and
      Issuer Euro Account Mandate;

      "Issuer Transaction Document" means any of the following documents:

      (a)   each Issuer Subscription Agreement;

      (b)   each Issuer Underwriting Agreement;

      (c)   the Issuer Deed of Charge;

      (d)   each Issuer Swap Agreement;

      (e)   the Issuer Trust Deed and each supplemental trust deed
            supplemental thereto, and any other trust deed constituting any
            Issuer Note at any time;

      (f)   the Issuer Paying Agent and Agent Bank Agreement;

      (g)   the Issuer Cash Management Agreement;

      (h)   the Issuer Post-Enforcement Call Option Agreement;

      (i)   the Issuer Post-Enforcement Start-Up Loan Option Agreement;

      (j)   the Issuer Bank Account Agreement;

      (k)   the Issuer Notes;

      (l)   the Issuer Corporate Services Agreement;

      (m)   the Issuer Start-Up Loan Agreement;

      (n)   the Global Intercompany Loan Agreement and each Loan Tranche
            advanced thereunder;

      (o)   any Swap Collateral Ancillary Document; and

      (p)   each other document entered into or to be entered into by the
            Master Issuer pursuant to or in connection with any of the above
            documents (including each document under which the Master Issuer
            assumes any obligations to any New Issuer Secured Creditor

                                      13
<PAGE>

            and any agreement entered into by the Master Issuer as a
            replacement of any of the above agreements upon the termination
            thereof);

      "Issuer Trust Deed" means the trust deed entered into on or about the
      Funding 2 Programme Date between the Master Issuer and the Note Trustee
      constituting the Issuer Notes;

      "Issuer Underwriting Agreement" means the underwriting agreement
      relating to the sale of a Series or Class of US Notes among the Master
      Issuer and the Underwriters designated therein;

      "Lead Managers" means the institutions specified in the Final Terms
      relating to any Series and Class of Issuer Notes;

      "LIBOR" means the London Interbank Offered Rate for deposits in the
      relevant currency, as determined by the Agent Bank in accordance with
      the Issuer Paying Agent and Agent Bank Agreement;

      "Listed Notes" means each Series and Class of Issuer Notes which are
      admitted to the Official List and admitted to trading on the Market;

      "Loan Tranches" means the AAA Loan Tranches, the AA Loan Tranches, the A
      Loan Tranches, the BBB Loan Tranches and the BB Loan Tranches, being the
      advances made by the Master Issuer to Funding 2, pursuant to the Global
      Intercompany Loan Agreement, each being funded from proceeds received by
      the Master Issuer from the issue of a Series and Class of Issuer Notes;

      "Loan Tranche Supplement" means, in relation to any Loan Tranche, the
      document between, amongst others, Funding 2 and the Master Issuer
      recording the principal terms of such Loan Tranche;

      "Mandate" means any of the Issuer Transaction Account Mandates or the
      Issuer GIC Account Mandate and together, the "Mandates";

      "Margin" means in respect of any Series and Class of Issuer Notes, the
      amount specified as such in the applicable Final Terms;

      "Master Definitions Schedule" means the master definitions schedule
      signed for the purposes of identification by Brown & Wood and Clifford
      Chance Limited Liability Partnership on or about 26 March 2001, as has
      been and may be amended, restated, varied or supplemented from time to
      time, which is a schedule of the definitions used in the Transaction
      Documents;

      "Master Issuer" means Granite Master Issuer plc, a company incorporated
      with limited liability under the laws of England and Wales, registered
      number 5250668;

      "New Issuer Secured Creditor" means each person who enters into a deed
      of accession to the Issuer Deed of Charge at any time;

      "Note Certificates" means the Global Note Certificates and the
      Individual Note Certificates;

      "Note Event of Default" means, in relation to the Master Issuer, an
      event of default under the provisions of the Issuer Notes and in
      relation to any other Issuer, the occurrence of an event of default by
      such Issuer as specified in the relevant Conditions of the Notes issued
      by such Issuer;

      "Note Principal Payment" means the amount of each principal payment
      payable on each Issuer Note;

                                      14
<PAGE>

      "Note Trustee" means The Bank of New York, acting through its office at
      40th Floor, One Canada Square, London E14 5AL, or such other person for
      the time being acting as Note Trustee under the Issuer Trust Deed;

      "Noteholders" means, in relation to the Issuer Notes, the holders of the
      Class A Notes, the Class B Notes, the Class M Notes, the Class D Notes
      of any Series or any of them and in relation to Notes issued by any
      other Issuer, the holders for the time being of such Notes;

      "Notes" means, in relation to the Master Issuer, the Issuer Notes and,
      in relation to any other Issuer, the notes issued by such Issuer;

      "notice" means, in respect of notice being given to the Noteholders, a
      notice duly given in accordance with, in the case of the Issuer Notes,
      Condition 14 of the Issuer Notes and, in the case of Notes issued by any
      other Issuer, the relevant equivalent Condition of such Notes;

      "Officers' Certificate" means with respect to any Person, a certificate
      signed by any director or equivalent officer of such Person. Each such
      certificate shall include the statements provided for in Clause 16 of
      the Issuer Trust Deed if and to the extent required by the provisions
      thereof;

      "Opinion of Counsel" means an opinion in writing signed by legal counsel
      who shall be acceptable to the Note Trustee and who may be counsel to
      the Master Issuer or to an affiliate of the Master Issuer or to such
      other party as the Note Trustee may from time to time agree. Each such
      opinion shall include the statements provided for in Clause 16 of the
      Issuer Trust Deed if and to the extent required by the provisions
      hereof;

      "Original Bullet Loan Tranche" means a Loan Tranche which has, at any
      time, been a Bullet Loan Tranche, whether or note the Step-Up Date in
      respect of such Loan Tranche has occurred;

      "Original Bullet Redemption Note" means an Issuer Note which has, at any
      time been a Bullet Redemption Note, whether or not the Step-Up Date in
      respect of such Issuer Note has occurred;

      "Pass-Through Loan Tranche" means a Loan Tranche which has no specified
      repayment dates other than a Final Repayment Date. On the occurrence of
      a date specified for a Bullet Loan Tranche, a Scheduled Repayment Loan
      Tranche or a Controlled Repayment Loan Tranche in the applicable Loan
      Tranche Supplement or if a Step-Up Date in relation to such Loan Tranche
      occurs or if a Pass-Through Trigger Event occurs, then such Loan Tranche
      will be deemed to be a Pass-Through Loan Tranche;

      "Paying Agent and Agent Bank Agreement" means, in relation to the Master
      Issuer, the Issuer Paying Agent and Agent Bank Agreement and in relation
      to any other Issuer, the Paying Agent and Agent Bank Agreement with
      respect to such Issuer as defined in the Issuer Master Definitions
      Schedule relating to such Issuer;

      "Paying Agents" means the Principal Paying Agent and the US Paying Agent
      initially appointed as paying agents pursuant to the Issuer Paying and
      Agent Bank Agreement or, if applicable, any successor paying agents;

      "Potential Issuer Event of Default" has the same meaning as "Potential
      Note Event of Default";

                                      15
<PAGE>

      "Potential Note Event of Default" means any condition, event or act
      which with the lapse of time and/or the giving of any notice and/or
      determination of materiality and/or fulfilment of any similar condition
      would constitute a Note Event of Default;

      "Preliminary Prospectus" means, in relation to the Issuer Notes, the
      preliminary prospectus dated 7 January 2005 relating to the US Notes
      and, in relation to Notes issued by any other Issuer, the preliminary
      prospectus relating to the US Notes issued by such Issuer;

      "Preliminary Reg S Prospectus" means (a) in relation to the Issuer
      Notes, the preliminary base prospectus dated [________] 2005 relating to
      the Reg S Notes and (b) in relation to Notes issued by any other Issuer,
      the preliminary offering circular relating to the Reg S Notes issued by
      such Issuer including, in each case, the Preliminary Prospectus attached
      thereto;

      "Principal Amount Outstanding" in relation to the Issuer Notes, has the
      meaning set out in Condition 5(C) of the Issuer Notes and, in relation
      to Notes issued by any other Issuer, has the meaning set out in the
      Conditions of such Notes;

      "Principal Paying Agent" means, in relation to the Issuer Notes,
      Citibank, N.A., whose principal office is Citigroup Centre, Canada
      Square, Canary Wharf, London E14 5LB, in its capacity as principal
      paying agent at its specified office initially appointed as a principal
      paying agent pursuant to the Issuer Principal Paying and Agent Bank
      Agreement or, if applicable, any successor principal paying agent at its
      specified office;

      "Programme Agreement" means the agreement entered into on or around the
      Funding 2 Programme Date, as amended from time to time, between the
      Master Issuer, Funding 2 and the dealers named therein (or deemed named
      therein);

      "Programme Master Definitions Schedule" means the programme master
      definitions schedule dated on or about 19 January 2005, signed for the
      purposes of identification by Sidley Austin Brown & Wood and Allen &
      Overy LLP;

      "Programme Reserve Required Amount" means as of any date of
      determination, an amount calculated as the product of (a) the Programme
      Reserve Required Percentage and (b) the aggregate outstanding principal
      balance of all Loan Tranches outstanding under the Global Intercompany
      Loan Agreement (including the Principal Amount Outstanding of any Loan
      Tranche) (or the increase in the Principal Amount Outstanding of any
      existing Loan Tranche) that is made on such date);

      "Programme Reserve Required Percentage" means on any date, the
      percentage specified as such (subject to amendment) in the most recent
      Final Terms;

      "Programme Resolution" means an extraordinary resolution of the
      Noteholders of any Class of Issuer Notes to direct the Note Trustee to
      take any enforcement action pursuant to the Conditions;

      "Programme" means the asset-backed note programme established by or
      otherwise contemplated in the Programme Agreement and the Issuer Trust
      Deed;

      "Prospectus" means, in relation to the Issuer Notes, the prospectus
      dated on or about 19 January 2005 relating to the issue of US Notes as
      supplemented by the Prospectus Supplement relating to each Series and
      Class of Issuer Notes and, in relation to Notes issued by any other
      Issuer, the prospectus relating to the US Notes issued by such Issuer;

      "Proxy" has the meaning specified in Schedule 4 to the Issuer Trust
      Deed;

                                      16
<PAGE>

      "Rate of Interest" means, in relation to any Series and Class of Issuer
      Notes, the rate or rates (expressed as a percentage per annum) on
      interest payable in respect of such Issuer Notes specified in the
      applicable Final Terms or calculated and determined in accordance with
      the applicable Final Terms, and, in relation to Notes issued by any
      other Issuer, has the meaning set out in the Conditions of such Notes;

      "Rating Agencies" means S&P, Moody's and Fitch, and "Rating Agency"
      means any of them;

      "Reasonable Prudent Mortgage Lender" or "reasonable prudent mortgage
      lender" means a reasonably prudent prime residential mortgage lender
      lending to Borrowers in England, Wales and Scotland who generally
      satisfy the lending criteria of traditional sources of residential
      mortgage capital;

      "Record Date" means the fifteenth day before the due date for any
      payment on the Issuer Notes;

      "Reference Banks" means the principal London office of each of Citibank
      N.A., ABN AMRO Bank N.V., Barclays Bank plc and The Royal Bank of
      Scotland plc;

      "Reference Lenders" has the meaning given to it in the Basis Rate Swap
      Agreement;

      "Reference Rate" means in respect of any Series and Class of Issuer
      Notes, the price specified as such in the applicable Final Terms;

      "Reg S" means Regulation S under the United States Securities Act of
      1933, as amended;

      "Reg S Global Note Certificates" means the note certificates
      representing the Reg S Notes while in global form;

      "Reg S Individual Note Certificate" means the note certificates
      representing the Reg S Notes in definitive form;

      "Reg S Notes" means, the Issuer Notes admitted to the Official List and
      admitted to trading on the Market (but not including the US Notes);

      "Reg S Prospectus" means (a) in relation to the Issuer Notes, has the
      meaning given to that term in the Programme Master Definitions Schedule
      and (b) in relation to Notes issued by any other Issuer, means the
      offering circular relating to the Reg S Notes issued by such Issuer
      including, in each case, the Prospectus attached thereto;

      "Register" means the register of Noteholders kept by the Registrar and
      which records the identity of each Noteholder and the number of Notes
      that each Noteholder owns;

      "Registrar" in respect of the Issuer Notes, means Citibank, N.A., acting
      through its office at Citigroup Centre, Canada Square, Canary Wharf,
      London E14 5LB appointed initially pursuant to the Issuer Paying Agent
      and Agent Bank Agreement or, if applicable, any successor registrar at
      its specified office, and procured by the Master Issuer to maintain the
      Register;

      "Registration Statement" means the registration statement on Form S-11
      (No. 333-119671) as filed with the SEC;

      "Regulation S Legend" has the meaning given to it in Section 16 of
      Schedule 2 to the Issuer Paying Agent and Agent Bank Agreement;

                                      17
<PAGE>

      "Regulations" means as the context may require either (i) the Unfair
      Terms in Consumer Contracts Regulations 1999 and/or, as applicable, the
      Unfair Terms in Consumer Contracts Regulations 1994 or (ii) the
      Regulations set out in Schedule 2 to the Issuer Paying Agent and Agent
      Bank Agreement;

      "Relevant Deposit Amount" means the sum of the following:

      (a)   either:

            (i)   prior to the Step-Up Date in respect of any Issuer Notes
                  (pursuant to the terms and conditions thereof) or if the
                  Step-Up Date has occurred in respect of any Issuer Notes
                  (pursuant to the Terms and Conditions thereof) and the
                  option to redeem any Issuer Notes has been exercised by the
                  Master Issuer, an amount equal to the aggregate of:

                  the Funding Share of the Trust Property (as most recently
                  calculated)/the Funding Share of the trust Property on the
                  relevant Closing Date x the outstanding balance in the
                  Funding Reserve Fund plus the outstanding balance in the
                  Funding (Issuer) Reserve Fund (as most recently calculated);
                  and

                  the Funding 2 Share of the Trust Property (as most recently
                  calculated)/the Funding 2 Share of the Trust Property on the
                  relevant Closing Date x the outstanding balance in the
                  Issuer Reserve Fund (as most recently calculated); or

            (ii)  if the Master Issuer does not exercise its option to redeem
                  its Issuer Notes on the relevant Step-Up Date pursuant to
                  the Terms and Conditions thereof, an amount equal to the
                  aggregate of:

                  the Funding Share of the Trust Property (as most recently
                  calculated)/the Funding Share of the Trust Property on the
                  relevant Closing Date x the outstanding balance in the
                  Funding Reserve Fund plus the outstanding balance in the
                  Funding (Issuer) Reserve Fund (as most recently calculated)
                  x 2; and

                  the Funding 2 Share of the Trust Property (as most recently
                  calculated)/the Funding 2 Share of the Trust Property on the
                  relevant Closing Date x the outstanding balance in the
                  Funding 2 Reserve Fund plus the outstanding balance in the
                  Issuer Reserve Fund (as most recently calculated) x 2;

      (b)   any amounts standing to the credit of the Funding GIC Account and
            the Funding 2 GIC Account which will be applied on the next
            following date on which amounts are due under any Funding
            Intercompany Loan or any Funding 2 Intercompany Loan which in turn
            will result in any notes having ratings of "AAA", "AA" or "A-1+"
            from Standard &Poor's to be redeemed in whole or in part;

      (c)   any amounts standing to the credit of the Mortgages Trustee GIC
            Account which will be distributed to Funding and/or Funding 2 on
            the next following Distribution Date and which will be applied by
            Funding and/or Funding 2 on the next following date on which
            amounts are due under any Funding Intercompany Loan or any Funding
            2 Intercompany Loan which in turn will result in any Issuer Notes
            having ratings of

                                      18
<PAGE>

            "AAA", "AA" or "A-1+" from Standard & Poor's to be redeemed in
            whole or in part; and

      (d)   any other amounts standing to the credit of accounts maintained by
            the Mortgages Trustee, Funding, Funding 2 or the Master Issuer
            with a bank and which would otherwise be required by Standard &
            Poor's to be rated "A-1+";

            less any amounts invested in Authorised Investments or maintained
            in accounts at a bank rated at least "A-1+" by Standard & Poor's;

      "Relevant Note" has the meaning specified in Schedule 4 to the Issuer
      Trust Deed;

      "Relevant Screen Page" means in respect of any Series and Class of
      Issuer Notes, the screen page specified as such in the applicable Final
      Terms;

      "Representative" has the meaning specified in Schedule 4 to the Issuer
      Trust Deed;

      "Scheduled Repayment Dates" for any Scheduled Repayment Loan Tranche
      means the Monthly Payment Dates specified as such for such Loan Tranche
      set out in the applicable Loan Tranche Supplement;

      "Scheduled Repayment Loan Tranche" means any Loan Tranche scheduled to
      be repaid in full in two or more instalments on Scheduled Repayment
      Dates. Scheduled Repayment Loan Tranches will be deemed to be
      Pass-Through Loan Tranches if:

      (a)   a date specified in relation to the same in the applicable Loan
            Tranche Supplement occurs;

      (b)   a Pass-Through Trigger Event occurs;

      (c)   the Step-Up Date (if any) in relation to such Loan Tranche occurs;

      "SEC" means The United States Securities and Exchange Commission;

      "Security Documents" means the Issuer Deed of Charge, the Funding 2 Deed
      of Charge and each Deed of Accession entered into pursuant to the Issuer
      Deed of Charge and the Funding 2 Deed of Charge and any other security
      document entered into pursuant to any of the foregoing;

      "Series" means all classes of Issuer Notes issued on a given day and any
      class of Issuer Notes issued on any other day which: (a) is expressed to
      be consolidated; and (b) is identical in all respects (including as to
      listing) except for Closing Date, Interest Commencement Date and issue
      price with any class of Issuer Notes issued on such given day;

      "Series and Class" means a particular class of Issuer Notes of a given
      Series;

      "Specified Currency" has the meaning given to it in the relevant Final
      Terms;

      "Specified Currency Exchange Rate" means in relation to a Series and
      Class of Issuer Notes, the exchange rate specified in the Issuer Swap
      Agreement relating to such Series and Class of Issuer Notes or, if the
      Issuer Swap Agreement has been terminated, the applicable spot rate;

      "Specified Denomination" means, in respect of any Series and Class of
      Issuer Notes, the denomination specified as such in the applicable Final
      Terms;

                                      19
<PAGE>

      "Specified Office" means, as the context may require, in relation to any
      of the Agents, the office specified against the name of such Agent in
      the Issuer Paying Agent and Agent Bank Agreement or such other specified
      notice as may be notified to the Master Issuer and the Note Trustee
      pursuant to the Issuer Paying Agent and Agent Bank Agreement;

      "Start-Up Loan" means the start-up loan that the Start-Up Loan Provider
      shall make available to the Master Issuer pursuant to the Start-Up Loan
      Agreement;

      "Start-Up Loan Agreement" means the agreement entered into on or about
      the Funding 2 Programme Date between the Master Issuer, the Issuer
      Start-Up Loan Provider and the Issuer Security Trustee relating to the
      provision of the Start-Up Loan to the Master Issuer;

      "Start-Up Loan Tranche" or "Start-Up Loan Tranches" means each loan made
      by a Start-Up Loan Provider to the Master Issuer under a Start-Up Loan
      Agreement, and collectively, the "Start-Up Loans";

      "Step-up Date" means in respect of any Loan Tranche and the related
      Series and Class of Issuer Notes, the Monthly Payment Date in respect of
      a Series and Class of Issuer Notes on which the interest rate on those
      Issuer Notes increases by a predetermined amount following the payment
      made by Funding 2 or the Master Issuer, as applicable, on such Monthly
      Payment Date, which date for any Loan Tranche will be specified in the
      Loan Tranche Supplement, and for any Series and Class of Issuer Notes,
      will be specified in the applicable Pricing Supplement or after 1 July
      2005 Final Terms, for the relevant Issuer Notes;

      "Swap Collateral" means, at any time, any asset (including without
      limitation, Cash and/or securities) which is paid or transferred by an
      Issuer Swap Provider to, or held by, the Master Issuer or to Funding 2,
      as applicable, as collateral to secure the performance by such Issuer
      Swap Provider of its obligations under the relevant Issuer Swap
      Agreement together with any income or distributions received in respect
      of such asset (if the Master Issuer or Funding 2, as applicable, is
      entitled to retain the same);

      "Swap Early Termination Event" means a circumstance in which some or all
      swap transactions (as the case may be) under a Swap Agreement can be
      terminated before their respective scheduled termination dates;

      "Swap Provider Default" means the occurrence of:

      (a)   an Event of Default (as defined in the relevant Issuer Swap
            Agreement) where the relevant Issuer Swap Provider is the
            Defaulting Party (as defined in the relevant Issuer Swap
            Agreement); or

      (b)   an Additional Termination Event (as defined in the relevant Issuer
            Swap Agreement) as a result of the failure by the relevant Issuer
            Swap Provider to remedy a Swap Downgrade Event in accordance with
            the relevant Issuer Swap Agreement where the relevant Issuer Swap
            Provider is the Sole Affected Party (as defined in the relevant
            Issuer Swap Agreement); or

      (c)   the Additional Tax Representation (as defined in the relevant
            Issuer Swap Agreement) proves to be incorrect or misleading in any
            material respect as a result of any action, and/or any omission to
            take any action by the relevant swap provider which could have
            prevented such breach of the additional tax representation;

      "Swap Replacement Premium" means any payment received from a replacement
      swap providers upon entry into an agreement with such replacement swap
      provider replacing a Swap Agreement;

                                      20
<PAGE>

      "Swap Termination Payment" means the amount payable because of a Swap
      Early Termination Event;

      "Telerate Page No. 3750" means the display designated as Page 3750 on
      the Dow-Jones/Telerate Monitor Service (or such other page as may
      replace Telerate Page No. 3750 on that service or such other service as
      may be nominated by the British Bankers' Association (including the
      Reuters Screen) as the information vendor for the purposes of displaying
      British Bankers' Association Interest Settlement Rates for deposits in
      the currency concerned);

      "Transaction Document" means any of the following documents:

      (a)   the Programme Agreement;

      (b)   the Mortgages Trust Deed;

      (c)   the Controlling Beneficiary Deed;

      (d)   the Mortgage Sale Agreement;

      (e)   each Deed of Accession to the Funding 2 Deed of Charge (including,
            for the avoidance of doubt, the Supplemental Deed to the Funding 2
            Deed of Charge);

      (f)   the Funding 2 Deed of Charge;

      (g)   each Funding 2 Basis Rate Swap Agreement;

      (h)   the Administration Agreement;

      (i)   the Cash Management Agreement;

      (j)   the Mortgages Trustee Guaranteed Investment Contract;

      (k)   the Bank Account Agreement;

      (l)   the Funding 2 Bank Account Agreement;

      (m)   the Stand-By Bank Account Agreement;

      (n)   the Collection Bank Agreement;

      (o)   the Master Definitions Schedule;

      (p)   the Programme Master Definitions Schedule;

      (q)   the Seller (Mortgages Trust) Assignment Agreement;

      (r)   each Start-Up Loan Agreement;

      (s)   the Corporate Services Agreement;

      (t)   the Issuer Transaction Documents; and

      (u)   any other deeds of accession or supplemental deeds relating to any
            such documents.]

      "Transfer Agent" means Citibank, N.A., acting through its Specified
      Office at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB,
      and initially appointed by the

                                      21
<PAGE>

      Master Issuer under the Issuer Paying Agent and Agent Bank Agreement to
      administer the transfer of Issuer Notes, or such other person for the
      time being acting as Transfer Agent under the Issuer Paying Agent and
      Agent Bank Agreement;

      "Treaty Lender" means a person who:

      (i)   is treated as a resident of a Treaty State for the purposes of the
            Treaty; and

      (ii)  does not carry on a business in the United Kingdom through a
            permanent establishment with which that person's participation in
            the Issuer Start-Up Loan is effectively connected;

      "Treaty State" means a jurisdiction having a double taxation treaty (a
      "Treaty") with the United Kingdom which makes provision for full
      exemption from tax imposed by the United Kingdom on interest;

      "Trust Deed" means, in relation to the Master Issuer, the Issuer Trust
      Deed;

      "Trustee Acts" means both the Trustee Act 1925 and the Trustee Act 2000
      of England and Wales;

      "Underwriters" means, the institutions specified in the Prospectus
      Supplement relating to any Series and Class of Notes;

      "US Global Note Certificates" means the Global Note Certificates
      relating to a Series and Class of US Notes;

      "US Individual Note Certificates" means the Individual Note Certificates
      relating to a Series and Class of US Notes;

      "US Notes" means, any Series of the Class A, Class B, Class M and Class
      C Notes which are registered in the United States under the Securities
      Act;

      "US Paying Agent" means Citibank N.A. acting through its New York office
      as paying agent in the United States of America, initially appointed as
      US paying agent pursuant to the Issuer Paying Agent and Agent Bank
      Agreement or if applicable, any successor US paying agent; and

      "Zero Coupon Note" means an Issuer Note, the interest basis of which is
      specified in the applicable Note Supplement as being zero coupon;

2.    Interpretation and Construction

2.1   Any reference in this Issuer Master Definitions Schedule or any
      Transaction Document to:

      "agreed form" means, in relation to any document, the draft of that
      document the form of which has been agreed between the parties thereto
      (or if such document is delivered pursuant to another Transaction
      Document, between the parties to such Transaction Document) and
      initialled on their behalf for the purpose of identification;

      the "assets" of any person shall be construed as a reference to the
      whole or any part of its business, undertakings, property, intellectual
      property, shares, securities, debts, accounts, revenues (including any
      right to receive revenues), goodwill, shareholdings and uncalled capital
      including premium whether now or hereafter acquired and any other assets
      whatsoever;

                                      22
<PAGE>

      the "assignment" of any Mortgage Loan shall be construed, in relation to
      any Scottish Mortgage Loan and its Related Security, so as to include
      the transfer of the beneficial interest therein and/or the legal title
      thereto, and the terms "assign" and "assigned" shall in that context be
      construed accordingly;

      "disposal" shall be construed as any sale, lease, transfer, conveyance,
      assignment, assignation, licence, sub-licence or other disposal and
      "dispose" shall be construed accordingly;

      a "guarantee" means any guarantee, bond, indemnity, letter of credit,
      third party security or other legally binding assurance against
      financial loss granted by one person in respect of any indebtedness of
      another person, or any agreement to assume any indebtedness of any other
      person or to supply funds or to invest in any manner whatsoever in such
      other person by reason of, or otherwise in relation to, indebtedness of
      such other person;

      "indebtedness" shall be construed so as to include any obligation
      (whether incurred as principal or as surety) for the payment or
      repayment of money, whether present or future, actual or contingent;

      a "month" is a reference to a period starting on one day in a calendar
      month and ending on the numerically corresponding day in the next
      calendar month save that, where any such period would otherwise end on a
      day which is not a business day, it shall end on the next business day,
      unless that day falls in the calendar month succeeding that in which it
      would otherwise have ended, in which case it shall end on the preceding
      business day, provided that, if a period starts on the last business day
      in a calendar month or if there is no numerically corresponding day in
      the month in which that period ends, that period shall end on the last
      business day in that later month (and references to "months" shall be
      construed accordingly);

      "party" shall be construed as a party to a particular agreement, as the
      case may be;

      "subsidiary" means, (a) a subsidiary within the meaning of Section 736
      of the Companies Act 1985, and (b) unless the context requires
      otherwise, a subsidiary undertaking within the meaning of Section 258 of
      the Companies Act 1985;

      "VAT" means value added tax imposed by the United Kingdom as referred to
      in the Value Added Tax Act 1994 and legislation (whether delegated or
      otherwise) replacing the same or supplemental thereto or in any primary
      or subordinate legislation promulgated by the European Union or any
      official body or agency thereof, and any similar turnover tax replacing
      or introduced in addition to any of the same;

      a "wholly-owned subsidiary" of a company or corporation shall be
      construed as a reference to any company or corporation which has no
      other members except that other company or corporation and that other
      company's or corporation's wholly-owned subsidiaries or persons acting
      on behalf of that other company or corporation or its wholly-owned
      subsidiaries; and

      the "winding-up" or "administration" of a company or corporation shall
      be construed so as to include any equivalent or analogous proceedings
      under the law of the jurisdiction in which such company or corporation
      is incorporated or any jurisdiction in which such company or corporation
      carries on business including the seeking of liquidation, winding-up,
      bankruptcy, reorganisation, dissolution, administration, arrangement,
      adjustment, protection or relief of debtors.

2.2   "(pound)", "sterling", "Sterling" or "pounds sterling" denotes the
      lawful currency for the time being of the United Kingdom of Great
      Britain and Northern Ireland; "(euro)", "euro" or "Euro" denotes the
      lawful currency for the time being of the member states of the European
      Union that adopt the single currency introduced at the start of the
      third stage of European Economic

                                      23
<PAGE>

      Monetary Union pursuant to the Treaty of Rome of 25th March, 1957,
      establishing the European Community as amended from time to time and as
      amended by, inter alia, the Treaty of European Union of 7th February,
      1992; "$", "US$", "US dollars", "dollars" or "Dollars" denotes the
      lawful currency for the time being of the United States of America;
      "Canadian Dollars" or "CAN$" denotes the lawful currency for the time
      being of Canada.

2.3   In this Issuer Master Definitions Schedule and in any of the Transaction
      Documents in which this Issuer Master Definitions Schedule is expressed
      to be incorporated or to which this Issuer Master Definitions Schedule
      is expressed to apply:

      (a)   words denoting the singular number only shall include the plural
            number also and vice versa;

      (b)   words denoting one gender only shall include the other genders;

      (c)   words denoting persons only shall include firms and corporations
            and vice versa;

      (d)   references to any statutory provision shall be deemed also to
            refer to any statutory modification or re-enactment thereof or any
            statutory instrument, order or regulation made thereunder or under
            any such re-enactment;

      (e)   references to any agreement or other document (including any of
            the Transaction Documents) shall be deemed also to refer to such
            agreement or document as amended, varied, supplemented or novated
            from time to time;

      (f)   clause, paragraph and schedule headings are for ease of reference
            only;

      (g)   reference to a statute shall be construed as a reference to such
            statute as the same may have been, or may from time to time be,
            amended or re-enacted to the extent such amendment or re-enactment
            is substantially to the same effect as such statute on the date
            hereof;

      (h)   unless stated otherwise reference to a time of day shall be
            construed as a reference to London (GMT) time; and

      (i)   references to any person shall include references to his
            successors, transferees and assigns and any person deriving title
            under or through him.

2.4   Save as provided otherwise, where any obligation in a Transaction
      Document is owed to more than one party that obligation is owed to each
      of them separately and may be enforced by any of them.

2.5   Where a term is used but not defined in this Issuer Master Definitions
      Schedule, that term shall have the meaning indicated in the Master
      Definitions Schedule.

3.    Governing Law

This Issuer Master Definitions Schedule is governed by, and shall be construed
in accordance with, the laws of England.

                                      24
<PAGE>

                                  SCHEDULE 1

                            STANDARD DOCUMENTATION

                                      25
<PAGE>

         Part 1 Documents Used in the Origination of any Mortgage Type

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>                <C>
A          Mortgage Brochures
----------------------------------------------------------------------------------------------------------------
A1         Hard to beat - Mortgages - An Introduction      Dev 3  1.6.95            From 1 Jun 1995 to Apr 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A2         Hard to Beat - Keeping the Benefits Once Your   DEV 93                              From 19 Jun 1995
           Mortgage Ends                                   19.06.1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A3         Mortgages - A guide to costs                    Dev 143 1.7.95           From 1 Jul 1995 to Jul 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A4         Mortgages - A guide to costs                    Dev 143  14.7.95        From 14 Jul 1995 to Sep 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A5         Mortgages - A guide to costs                    Dev 143  4.9.95          From 4 Sep 1995 to Nov 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A6         Mortgages - A guide to costs                    Dev 143 30.11.95        From 30 Nov 1995 to Dec 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A7         Mortgages - A guide to costs                    Dev 143 13.12.95        From 13 Dec 1995 to Mar 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A8         Mortgages - A guide to costs                    Dev 143 8.3.96           From 8 Mar 1996 to Jun 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A9         Mortgages - A guide to costs                    Dev 143 10.6.96         From 10 Jun 1996 to Feb 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A10        Hard to Beat - Keeping the Benefits Once Your   DEV 93                               From 1 Sep 1996
           Mortgage Ends                                   01.9.1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A11        Mortgages - A guide to costs                    Dev 143 11.2.97         From 11 Feb 1997 to Mar 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A12        You and your mortgage - The Mortgage Code
           [Introductory leaflet]
----------------------------------------------------------------------------------------------------------------
A13        The Mortgage Code                               First Edition:                         From Mar 1997
                                                           March 1997
----------------------------------------------------------------------------------------------------------------
A14        Mortgages - A guide to costs                    Dev 143 27.3.97         From 27 Mar 1997 to May 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A15        Hard to beat - Mortgages - An Introduction      Dev 3  10.4.97          From 10 Apr 1997 to Jul 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A16        Mortgages - A guide to costs                    Dev 143 6.5.97           From 6 May 1997 to Jul 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A17        Hard to beat - Mortgages - An Introduction      Dev 3  1.7.97            From 1 Jul 1997 to Oct 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A18        Mortgages - A guide to costs - Hard to Beat     Dev 143 11.7.97         From 11 Jul 1997 to Oct 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
A19        Hard to beat - Mortgages - An Introduction      MAR 1  1.10.97           From 1 Oct 1997 to Dec 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A20        Mortgages - A guide to costs - Hard to Beat     MAR 2 1.10.97            From 1 Oct 1997 to Nov 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      26
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A21        Hard to Beat - Keeping the Benefits Once Your   MAR 9                                From 1 Oct 1997
           Mortgage Ends                                   01.10.1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A22        Mortgages - A guide to costs - Hard to Beat     MAR 2 12.11.97          From 12 Nov 1997 to Feb 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A23        Hard to beat - Mortgages - An Introduction      MAR 1 15.12.97          From 15 Dec 1997 to Feb 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A24        Hard to beat - Mortgages - An Introduction      MAR 1  12.2.98          From 12 Feb 1998 to Oct 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A25        Mortgages - A guide to costs - Hard to Beat     MAR 2 12.2.98           From 12 Feb 1998 to Jun 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A26        Hard to Beat - Keeping the Benefits Once Your   MAR 9                               From 12 Feb 1998
           Mortgage Ends                                   12.2.1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A27        The Mortgage Code                               Second Edition:                        From Apr 1998
                                                           April 1998
----------------------------------------------------------------------------------------------------------------
A28        Mortgages - A guide to costs - Hard to Beat     MAR 2/8267 17.6.98      From 17 Jun 1998 to Oct 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A29        Hard to Beat - Keeping the Benefits Once Your   MAR 9/8375                           From 1 Aug 1998
           Mortgage Ends                                   01.8.1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A30        Mortgages - A guide to costs - Hard to Beat     MAR 2/8528 8.10.98       From 8 Oct 1998 to Nov 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A31        Hard to beat - Mortgages - An Introduction      MAR 1 23.10.98          From 23 Oct 1998 to Feb 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A32        Mortgages - A guide to costs - Hard to Beat     MAR 2/8600 5.11.98       From 5 Nov 1998 to Jan 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A33        Mortgages - A guide to costs - Hard to Beat     MAR 2/8729 7.1.99        From 7 Jan 1999 to Feb 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A34        Mortgages - A guide to costs - Hard to Beat     MAR 2/8789 4.2.99        From 4 Feb 1999 to Apr 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A35        Mortgages - An Introduction                     MAR 1  25.2.99          From 25 Feb 1999 to Jun 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A36        Mortgages - A guide to costs - Hard to Beat     MAR 2/8923 13.4.99      From 13 Apr 1999 to Jun 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A37        Mortgages - the details                         MAR 23/8958             From 16 Jun 1999 to Jan 2000
           Northern Rock plc                               16.6.99
----------------------------------------------------------------------------------------------------------------
A38        Mortgages - the costs                           MAR 244/8958            From 16 Jun 1999 to Jun 1999
           Northern Rock plc                               16.6.99
----------------------------------------------------------------------------------------------------------------
A39        Mortgages - the costs                           MAR 244/9115            From 28 Jun 1999 to Nov 1999
           Northern Rock plc                               28.6.99
----------------------------------------------------------------------------------------------------------------
A40        Mortgages - the costs                           MAR 244/9489             From 9 Nov 1999 to Jan 2000
           Northern Rock plc                               9.11.99
----------------------------------------------------------------------------------------------------------------
A41        Mortgages - the details                         MAR 235/9611             From 4 Jan 2000 to May 2000
           Northern Rock plc                               4.1.2000
----------------------------------------------------------------------------------------------------------------
A42        Mortgages - the costs                           MAR 244/9679            From 17 Jan 2000 to Mar 2000
           Northern Rock plc                               17.1.2000
----------------------------------------------------------------------------------------------------------------

                                      27
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A43        Be straight with me - Mortgage costs in black   MAR 244/9815             From 4 Mar 2000 to Apr 2000
           and white                                       4.3.2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A44        Safe & Sure - Keeping the Benefits Once Your    MAR 9/9895                          From 14 Mar 2000
           Mortgage Ends                                   14.3.2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A45        Be straight with me - Mortgage costs in black   MAR 244/10029           From 27 Apr 2000 to Jan 2001
           and white                                       27.4.2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A46        Give me the facts - Mortgage details explained  MAR 235/9666 and         From 1 May 2000 to Oct 2000
           Northern Rock plc                               5.2000
----------------------------------------------------------------------------------------------------------------
A47        Give me a choice - Mortgage deals to suit       MAR 236/10198 and       From 28 Jun 2000 to Aug 2000
           everyone                                        28.6.2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A48        Give me a choice - Mortgage deals to suit       MAR 236/10332                        From 4 Aug 2000
           everyone                                        4.8.2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A49        Give me the facts - Mortgage details explained  MAR 235/10554 and          From Oct 2000 to Jan 2001
           Northern Rock plc                               10.2000
----------------------------------------------------------------------------------------------------------------
A50        Give me the facts                               MAR 235/10899           From 10 Jan 2001 to Sep 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A51        Be straight with me - Mortgage costs in black   MAR 244/10868           From 10 Jan 2001 to Feb 2001
           and white                                       10.1.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A52        Be straight with me - Mortgage costs in black   MAR 244/10998            From 8 Feb 2001 to Apr 2001
           and white                                       8.2.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A53        Be straight with me - Mortgage costs in black   MAR 244/11170            From 5 Apr 2001 to May 2001
           and white                                       5.4.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A54        Be straight with me - Mortgage costs in black   MAR 244/11281           From 10 May 2001 to Aug 2001
           and white                                       10.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A55        Be straight with me - Mortgage costs in black   MAR 244/11592            From 2 Aug 2001 to Sep 2001
           and white                                       2.8.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A56        Give me the facts                               MAR 235/11679                        From 3 Sep 2001
           Northern Rock plc                               3.9.2001
----------------------------------------------------------------------------------------------------------------
A57        Be straight with me - Mortgage costs in black   MAR 244/11592            From 3 Sep 2001 to Sep 2001
           and white                                       3.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A58        Be straight with me - Mortgage costs in black   MAR 244/11807           From 19 Sep 2001 to Oct 2001
           and white                                       19.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A59        Be straight with me - Mortgage costs in black   MAR 244/11855            From 4 Oct 2001 to Nov 2001
           and white                                       4.10.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A60        Be straight with me - Mortgage costs in black   MAR 244/11973                        From 8 Nov 2001
           and white                                       8.11.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      28
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A61        Safe & Sure - Keeping the Benefits Once Your    MAR 9/12119                         From 12 Dec 2001
           Mortgage Ends                                   12.12.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A62        Give me the facts                               MAR 235/12189                        From 9 Jan 2002
           Northern Rock plc                               9.1.2002
----------------------------------------------------------------------------------------------------------------
A63        All you need to know about mortgages            MAR 235/12275                       From 21 Jan 2002
           Northern Rock plc                               21.1.2002
----------------------------------------------------------------------------------------------------------------
A64        Be straight with me - Mortgage costs in black   MAR 244/12486                        From 1 Apr 2002
           and white                                       1.4.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A65        All you need to know about mortgages            MAR 235/12537                        From 9 May 2002
           Northern Rock plc                               9.5.2002
----------------------------------------------------------------------------------------------------------------
A66        Be straight with me - Mortgage costs in black   MAR 244/12539                        From 9 May 2002
           and white                                       9.5.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A67        Be straight with me - Mortgage costs in black   MAR 244/12859                       From 26 Jul 2002
           and white                                       26.7.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A68        All you need to know about mortgages            MAR 235/13039                       From 10 Oct 2002
           Northern Rock plc                               10.10.2002
----------------------------------------------------------------------------------------------------------------
A69        I want a shorter mortgage, and I want           MAR 617/13070                       From 10 Oct 2002
           guarantees - Mortgages Guaranteed Repayment     10.10.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A70        Be straight with me - Mortgage costs in black   MAR 244/12123                       From 10 Oct 2002
           and white                                       10.10.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A71        Hard to Beat - Keeping the Benefits Once Your   MAR 9                                From 1 Oct 1997
           Mortgage Ends                                   01.10.1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A72        Mortgage costs in black and white               MAR 244/13280                        From 6 Jan 2003
           Northern Rock plc                               06.01.2003
----------------------------------------------------------------------------------------------------------------
A73        All you need to know about Mortgages            MAR 235/13279                        From 9 Jan 2003
           Northern Rock plc                               09.01.2003
----------------------------------------------------------------------------------------------------------------
A74        I want a shorter mortgage, and guarantee        MAR 617/13371                       From 10 Jan 2003
----------------------------------------------------------------------------------------------------------------
A75        Mortgage costs in black and white               MAR 244/13437                       From 27 Jan 2003
           Northern Rock plc                               27.01.2003
----------------------------------------------------------------------------------------------------------------
A76        Mortgage costs in black and white               MAR 244/13501                        From 8 Feb 2003
           Northern Rock plc                               08.02.2003
----------------------------------------------------------------------------------------------------------------
A77        Mortgages - safe and sure - keep the benefits   MAR 9/12337               Valid until further notice
           once your mortgage is paid off                  1.3.2003                                    1.2.2003
----------------------------------------------------------------------------------------------------------------
A78        Mortgage Deals to Suit Everyone - Update 18     MAR 236                 Valid until further notice -
           June 2003                                       18.6.2003                                  18.6.2003
----------------------------------------------------------------------------------------------------------------
A79        I want a Shorter Mortgage, and I want           MAR 617/13538           Valid until further notice -
           Guarantees                                      18.6.2003                                  18.6.2003
----------------------------------------------------------------------------------------------------------------
A80        What's it going to Cost?                        MAR 302                 Valid until further notice -
                                                           18.6.2003                                  18.6.2003
----------------------------------------------------------------------------------------------------------------
A81        I want to Buy to Let                            MAR 466/13927           Valid until further notice -
                                                           18.6.2003                                  18.6.2003
----------------------------------------------------------------------------------------------------------------
A82        Intermediaries - Mortgage Product Update -      MAR 035                 Valid until further notice -
           No. 6                                           18.6.2003                                  18.6.2003
----------------------------------------------------------------------------------------------------------------

                                      29
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A83        Mortgage Costs in Black and White               MAR 244/14005           Valid until further notice -
                                                           14.7.2003                                  14.7.2003
----------------------------------------------------------------------------------------------------------------
A84        Mortgage Deals to Suit Everyone - Update 14     MAR 236                 Valid until further notice -
           July 2003                                       14.7.2003                                  14.7.2003
----------------------------------------------------------------------------------------------------------------
A85        I want a Shorter Mortgage, and I want           MAR 617/14008           Valid until further notice -
           Guarantees                                      14.7.2003                                  14.7.2003
----------------------------------------------------------------------------------------------------------------
A86        I want to Buy to Let                            MAR 466/14007           Valid until further notice -
                                                           14.7.2003                                  14.7.2003
----------------------------------------------------------------------------------------------------------------
A87        What's it going to Cost?                        MAR 302                 Valid until further notice -
                                                           14.7.2003                                  14.7.2003
----------------------------------------------------------------------------------------------------------------
A88        Intermediaries - Mortgage Product Update -      MAR 035/14031           Valid until further notice -
           No. 7                                           14.7.2003                                  14.7.2003
----------------------------------------------------------------------------------------------------------------
A89        Mortgage Costs in Black and White               MAR 244/14055           Valid until further notice -
                                                           25.7.2003                                  25.7.2003
----------------------------------------------------------------------------------------------------------------
A90        Mortgage Deals to Suit Everyone - Update 25     MAR 236                 Valid until further notice -
           July 2003                                       25.7.2003                                  25.7.2003
----------------------------------------------------------------------------------------------------------------
A91        I want to Buy to Let                            MAR 466/14056           Valid until further notice -
                                                           25.7.2003                                  25.7.2003
----------------------------------------------------------------------------------------------------------------
A92        What's it going to Cost?                        MAR 302                 Valid until further notice -
                                                           25.7.2003                                  25.7.2003
----------------------------------------------------------------------------------------------------------------
A93        Intermediaries - Mortgage Product Update -      MAR 035/14031           Valid until further notice -
           No. 8                                           25.7.2003                                  25.7.2003
----------------------------------------------------------------------------------------------------------------
A94        Mortgage Deals to Suit Everyone - Update 8      MAR 236                 Valid until further notice -
           August 2003                                     8.8.2003                                    8.8.2003
----------------------------------------------------------------------------------------------------------------
A95        I want to Buy to Let                            MAR 466/14133           Valid until further notice -
                                                           8.8.2003                                    8.8.2003
----------------------------------------------------------------------------------------------------------------
A96        What's it going to Cost?                        MAR 302                 Valid until further notice -
                                                           8.8.2003                                    8.8.2003
----------------------------------------------------------------------------------------------------------------
A97        Intermediaries - Mortgage Product Update -      MAR 035/14104           Valid until further notice -
           No. 9                                           8.8.2003                                    8.8.2003
----------------------------------------------------------------------------------------------------------------
A98        All you need to know about mortgages            MAR 235/13729           Valid until further notice -
                                                           1.5.2003                                    1.5.2003
----------------------------------------------------------------------------------------------------------------
A99        I want a shorter mortgage and I want guarantees MAR 617/13538             Valid until further notice
                                                                                                       8.2.2003
----------------------------------------------------------------------------------------------------------------
A100       I want to plan ahead - Secured Loans with a     MAR 125/13519             Valid until further notice
           Fixed Rate                                                                                  7.2.2003
----------------------------------------------------------------------------------------------------------------
A101       Secured Loan Costs in Black and White           MAR 4/13517               Valid until further notice
                                                                                                       8.2.2003
----------------------------------------------------------------------------------------------------------------
A102       I want to buy to let                            MAR 466/13500             Valid until further notice
                                                                                                       8.2.2003
----------------------------------------------------------------------------------------------------------------
A103       What's it going to cost?                        MAR 302                   Valid until further notice
                                                                                                      24.2.2003
----------------------------------------------------------------------------------------------------------------
A104       What's it going to cost?                        MAR 302                   Valid until further notice
                                                                                                       1.4.2003
----------------------------------------------------------------------------------------------------------------
A105       I want to buy to let                            MAR 466/13684             Valid until further notice
                                                                                                       1.4.2003
----------------------------------------------------------------------------------------------------------------
A106       Mortgage Deals to suit everyone - Update -      MAR 236                   Valid until further notice
           1 Apr 2003                                                                                  1.4.2003
----------------------------------------------------------------------------------------------------------------
A107       Mortgage Costs in Black and White               MAR 244/13830             Valid until further notice
                                                                                                      20.5.2003
----------------------------------------------------------------------------------------------------------------
A108       Mortgage Deals to suit everyone -Update -       MAR 236                   Valid until further notice
           20 May 2003                                                                                20.5.2003
----------------------------------------------------------------------------------------------------------------
A109       What's it going to cost?                        MAR 302                   Valid until further notice
                                                                                                      20.5.2003
----------------------------------------------------------------------------------------------------------------
A110       I want to buy to let                            MAR 466/13832             Valid until further notice
                                                                                                      20.5.2003
----------------------------------------------------------------------------------------------------------------

                                      30
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A111       I want a shorter mortgage and I want guarantees MAR 617/13538             Valid until further notice
                                                                                                      20.5.2003
----------------------------------------------------------------------------------------------------------------
A112       Intermediaries - Mortgage Product Update No. 10 MAR 035/14201                       Valid 9 Sep 2003
----------------------------------------------------------------------------------------------------------------
A113       Mortgage Deals to Suit Everyone - Update 9th    MAR 236                   Valid until further notice
           September 2003                                                                            9 Sep 2003
----------------------------------------------------------------------------------------------------------------
A114       Intermediaries - Mortgage Product Update No. 11 MAR 035/14374                      Valid 14 Oct 2003
----------------------------------------------------------------------------------------------------------------
A115       Mortgage Deals to Suit Everyone - Update 14th   MAR 236                   Valid until further notice
           October 2003                                                                             14 Oct 2003
----------------------------------------------------------------------------------------------------------------
A116       Mortgage Costs in Black and White               MAR 244/14379             Valid until further notice
                                                                                                    14 Oct 2003
----------------------------------------------------------------------------------------------------------------
A117       Mortgage costs in black and white Northern Rock MAR 690/14451             Valid until further notice
           plc                                                                                      14 Oct 2003
----------------------------------------------------------------------------------------------------------------
A118       Mortgage Deals to Suit Everyone - Update 14th   MAR 236                   Valid until further notice
           October 2003                                                                             14 Oct 2003
----------------------------------------------------------------------------------------------------------------
A119       Home Equity Release - All you need to know      MAR 329/14399             Valid until further notice
           about Home Equity Release Mortgages                                                      14 Oct 2003
----------------------------------------------------------------------------------------------------------------
A120       Home Equity Release - All you need to know      MAR 329/14560             Valid until further notice
           about Home Equity Release Mortgages                                                      17 Nov 2003
----------------------------------------------------------------------------------------------------------------
A121       A Guide to your Mortgage Statement Northern     MAR 702/14552             Valid until further notice
           Rock plc                                                                                 17 Nov 2003
----------------------------------------------------------------------------------------------------------------
A122       Mortgage costs in black and white Northern Rock MAR 244/14565             Valid until further notice
           plc                                                                                      17 Nov 2003
----------------------------------------------------------------------------------------------------------------
A123       Keep the benefits once your mortgage is paid    MAR 9/14105               Valid until further notice
           off Northern Rock plc                                                                    17 Nov 2003
----------------------------------------------------------------------------------------------------------------
A124       Mortgage Deals to Suit Everyone - Update 17th   MAR 236                   Valid until further notice
           November 2003                                                                            17 Nov 2003
----------------------------------------------------------------------------------------------------------------
A125       All you need to know about Mortgages Northern   MAR 235/14462             Valid until further notice
           Rock plc                                                                                  1 Dec 2003
----------------------------------------------------------------------------------------------------------------
A126       Mortgage costs in black and white Northern Rock MAR 244/14638             Valid until further notice
           plc                                                                                       9 Dec 2003
----------------------------------------------------------------------------------------------------------------
A127       Mortgage costs in black and white Northern Rock MAR 244/14709             Valid until further notice
           plc                                                                                      17 Dec 2003
----------------------------------------------------------------------------------------------------------------
A128       Mortgage Deals to Suit Everyone - Update 17th   MAR 236                   Valid until further notice
           December 2003                                                                            17 Dec 2003
----------------------------------------------------------------------------------------------------------------
A129       Home Equity Release - A Cash Lump Sum or        MAR 328/14598             Valid until further notice
           Monthly Cash Release                                                                        Dec 2003
----------------------------------------------------------------------------------------------------------------
A130       Fees and Charges - Mortgages Northern Rock plc  MAR 713/14719                           Valid from
                                                                                                     1 Jan 2004
----------------------------------------------------------------------------------------------------------------
A131       Home Equity Release - All you need to know      MAR 329/14827      Valid until further notice 20 Jan
           about Home Equity Release Mortgages                                                             2004
----------------------------------------------------------------------------------------------------------------
A132       Home Equity Release - You've looked after your  MAR 503/14700                               Feb 2004
           home. Now let it look after you.
----------------------------------------------------------------------------------------------------------------
A133       Home Equity Release - Product Detail Summary    MAR 545                                     Feb 2004
----------------------------------------------------------------------------------------------------------------
A134       Home Equity Release - All you need to know      MAR 329/14973      Valid until further notice 16 Feb
           about Home Equity Release Mortgages                                                             2004
----------------------------------------------------------------------------------------------------------------

                                      31
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A135       Mortgage Deals to Suit Everyone - Update 16th   MAR 236            Valid until further notice 16 Feb
           February 2004                                                                                   2004
----------------------------------------------------------------------------------------------------------------
A136       All you need to know about Mortgages Northern   MAR 235/1484       Valid until further notice 26 Feb
           Rock plc                                                                                        2004
----------------------------------------------------------------------------------------------------------------
A137       Mortgage Deals to Suit Everyone - Update 9th    MAR 693             Valid until further notice 9 Mar
           March 2004                                                                                      2004
----------------------------------------------------------------------------------------------------------------
A138       Mortgage Deals to Suit Everyone - Update 25th   MAR 236            Valid until further notice 25 Mar
           March 2004                                                                                      2004
----------------------------------------------------------------------------------------------------------------
A139       Home Equity Release - A Cash Lump Sum or        MAR 726/15148         Valid until further notice Apr
           Monthly Cash Release                                                                            2004
----------------------------------------------------------------------------------------------------------------
A140       Mortgage Deals to Suit Everyone - Update 16th   MAR 693            Valid until further notice 16 Apr
           April 2004                                                                                      2004
----------------------------------------------------------------------------------------------------------------
A141       Mortgage Deals to Suit Everyone - Update 21     MAR 693            Valid until further notice 21 Apr
           April 2004                                                                                      2004
----------------------------------------------------------------------------------------------------------------
A142       I want more from you Northern Rock plc          MAR 621/15340         Valid until further notice May
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A143       All you need to know about Mortgages Northern   MAR 235/13729       Valid until further notice 1 May
           Rock plc                                                                                        2004
----------------------------------------------------------------------------------------------------------------
A144       You've looked after your home. Now let it look  MAR 494/11889                                No date
           after you. Northern Rock plc
----------------------------------------------------------------------------------------------------------------
A145       Mortgage deals to suit everyone                 MAR 693                                   7 May 2004
----------------------------------------------------------------------------------------------------------------
A146       Secured loans costs in black and white          MAR 4/15459        Valid until further notice 12 May
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A147       I just want to be sure                          MAE 8/14450           Valid until further notice May
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A148       Mortgage costs in black and white               MAR 690/15807      Valid until further notice 12 May
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A149       Mortgage deals to suit everyone                 MAR 693                                  12 May 2004
----------------------------------------------------------------------------------------------------------------
A150       Mortgage deals to suit everyone                 MAR 236                                   2 Jun 2004
----------------------------------------------------------------------------------------------------------------
A151       Mortgage deals to suit everyone                 MAR 694                                   2 Jun 2004
----------------------------------------------------------------------------------------------------------------
A152       I just want to be sure                          MAE 741/15511         Valid until further notice Jun
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A153       Secured loans costs in black and white          MAR 4/15459         Valid until further notice 9 Jun
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A154       Mortgage costs in black and white               MAR 244/15685      Valid until further notice 22 Jun
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A155       Secured loans with a fixed rate                 MAR 125/15573         Valid until further notice Jun
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A156       It'll never happen to me                        MAR 742/1511                                Jun 2004
----------------------------------------------------------------------------------------------------------------
A157       Mortgage deals to suit everyone                 MAR 236                                  22 Jun 2004
----------------------------------------------------------------------------------------------------------------
A158       Mortgage costs in black and white               MAR 690/15877      Valid until further notice 22 Jun
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A159       Mortgage deals to suit everyone                 MAR 693                                  22 Jun 2004
----------------------------------------------------------------------------------------------------------------
A160       Secured loan costs in black and white           MAR 4/15704         Valid until further notice 1 Jul
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A161       Mortgage costs in black and white               MAR 690/15988       Valid until further notice 9 Jul
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A162       Mortgage deals to suit everyone                 MAR 693             Valid until further notice 9 Jul
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A163       Mortgage deals to suit everyone - Update 16th   MAR 236             Valid until further notice 9 Jul
           August 2004                                                                                     2004
----------------------------------------------------------------------------------------------------------------

                                      32
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
A164       Mortgage deals to suit everyone                 MAR 236             Valid until further notice 9 Jul
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A165       Mortgage deals to suit everyone - Update 16th   MAR 236            Valid until further notice 16 Aug
           August 2004                                                                                     2004
----------------------------------------------------------------------------------------------------------------
A166       Home Equity Release Mortgage                    MAR 726/15972         Valid until further notice Aug
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A167       Secured loans with a fixed rate                 MAR 125/15985         Valid until further notice Aug
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A168       Secured loans costs in black and white          MAR 4/15985         Valid until further notice 1 Sep
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A169       Mortgage costs in black and white               MAR 244/16009       Valid until further notice 1 Sep
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
A170       Thinking of moving?                             MAR 740/14677                                No date
----------------------------------------------------------------------------------------------------------------
A171       Mortgage Costs in Black and White (Countrywide  MAR 690/16385     Valid until further notice -
           Version).                                                         16.08.04
----------------------------------------------------------------------------------------------------------------
A172       Mortgage Costs in Black and White.              MAR 244/16009     Valid until further notice -
                                                                             01.09.04
----------------------------------------------------------------------------------------------------------------
A172       Mortgage Costs in Black and White.              MAR 244/16132     Valid until further notice -
                                                                             13.09.04
----------------------------------------------------------------------------------------------------------------
A174       All you need to know about mortgages.           MAR 235/16113     Valid until further notice -
                                                                             13.09.04
----------------------------------------------------------------------------------------------------------------
A175       Home Equity Release Mortgage: A cash sum or     MAR 726/16250     Valid until further notice -
           monthly cash release.                                             11.10.04
----------------------------------------------------------------------------------------------------------------
A176       All you need to know about mortgages            MAR 748/15496     Valid until further notice -
                                                                             31.10.04
----------------------------------------------------------------------------------------------------------------
A177       All you need to know about insurance.           MAR 754/15496     Valid until further notice -
                                                                             31.10.04
----------------------------------------------------------------------------------------------------------------
A178       All you need to know about our mortgage review  MAR 728/15082     Valid until further notice -
           service.                                                          15.12.04
----------------------------------------------------------------------------------------------------------------
A179       All you need to know about our mortgage review  MAR 728/16595     Valid until further notice -
           service.                                                          15.12.04
----------------------------------------------------------------------------------------------------------------
B          Mortgage Summary Information - Borrowers                            (i.e. given to Borrowers dealing
                                                                                   directly with Northern Rock)
----------------------------------------------------------------------------------------------------------------
B1         Update 18th September 2000                      MAR 236 18.9.2000                   From 18 Sep 2000
----------------------------------------------------------------------------------------------------------------
B2         Update 2nd October 2000                         MAR 236 2.10.2000                   From 02 Oct 2000
----------------------------------------------------------------------------------------------------------------
B3         Update 22nd November 2000                       MAR 236 22.11.2000                  From 22 Nov 2000
----------------------------------------------------------------------------------------------------------------
B4         Update 10th January 2001                        MAR 236 10.1.2001                   From 10 Jan 2001
----------------------------------------------------------------------------------------------------------------
B5         Update 1st February 2001                        MAR 236 1.2.2001                    From 01 Feb 2001
----------------------------------------------------------------------------------------------------------------
B6         Update 12th February 2001                       MAR 236 12.2.2001                   From 12 Feb 2001
----------------------------------------------------------------------------------------------------------------

                                      33
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
B7         Update 22nd February 2001                       MAR 236 22.2.2001                   From 22 Feb 2001
----------------------------------------------------------------------------------------------------------------
B8         Update 6th April 2001                           MAR 236 6.4.2001                    From 06 Apr 2001
----------------------------------------------------------------------------------------------------------------
B9         Update 10th May 2001                            MAR 236 10.5.2001                   From 10 May 2001
----------------------------------------------------------------------------------------------------------------
B10        Update 22nd June 2001                           MAR 236 22.6.2001                   From 22 Jun 2001
----------------------------------------------------------------------------------------------------------------
B11        Update 2nd August 2001                          MAR 236 2.8.2001                    From 02 Aug 2001
----------------------------------------------------------------------------------------------------------------
B12        Update 3rd September 2001                       MAR 236 3.9.2001                    From 03 Sep 2001
----------------------------------------------------------------------------------------------------------------
B13        Update 19th September 2001                      MAR 236 19.9.2001                   From 19 Sep 2001
----------------------------------------------------------------------------------------------------------------
B14        Update 4th October 2001                         MAR 236 4.10.2001                   From 04 Oct 2001
----------------------------------------------------------------------------------------------------------------
B15        Update 5th December 2001                        MAR 236 5.12.2001                   From 05 Dec 2001
----------------------------------------------------------------------------------------------------------------
B16        Update 7th January 2002                         MAR 236 7.1.2002                    From 07 Jan 2002
----------------------------------------------------------------------------------------------------------------
B17        Update 15th January 2002                        MAR 236 15.1.2002                   From 15 Jan 2002
----------------------------------------------------------------------------------------------------------------
B18        Update 25th January 2002                        MAR 236 25.1.2002                   From 25 Jan 2002
----------------------------------------------------------------------------------------------------------------
B19        Update 9th February 2002                        MAR 236 09.2.2002                    From 9 Feb 2002
----------------------------------------------------------------------------------------------------------------
B20        Update 20th March 2002                          MAR 236 20.3.2002                   From 20 Mar 2002
----------------------------------------------------------------------------------------------------------------
B21        Update 10th May 2002                            MAR 236 10.5.2002                   From 10 May 2002
----------------------------------------------------------------------------------------------------------------
B22        Update 26th July 2002                           MAR 236 26.7.2002                   From 26 Jul 2002
----------------------------------------------------------------------------------------------------------------
B23        Update 7th August 2002                          MAR 236 07.8.2002                    From 7 Aug 2002
----------------------------------------------------------------------------------------------------------------
B24        Update 30th August 2002                         MAR 236 30.8.2002                   From 30 Aug 2002
----------------------------------------------------------------------------------------------------------------
B25        Update 21st October 2002                        MAR 236 21.10.2002                  From 21 Oct 2002
----------------------------------------------------------------------------------------------------------------
B26        Update 8th November 2002                        MAR 236 08.11.2002                   From 8 Nov 2002
----------------------------------------------------------------------------------------------------------------
B27        Update 27th November 2002                       MAR 236                             From 27 Nov 2002
                                                           27.11.2002
----------------------------------------------------------------------------------------------------------------
B28        Update 10th Jan 2003                            MAR 236                             From 10 Jun 2003
                                                           10.01.2003
----------------------------------------------------------------------------------------------------------------
B29        Update 8th Feb 2003                             MAR 236                              From 8 Feb 2003
                                                           08.02.2003
----------------------------------------------------------------------------------------------------------------
B30        Mortgages for Landlords - Update 9th September  MAR 466/14234             Valid until further notice
           2003                                                                                      9 Sep 2003
----------------------------------------------------------------------------------------------------------------

                                      34
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
B31        Mortgages for Landlords - Update 14th October   MAR 466/14380             Valid until further notice
           2003                                                                                     14 Oct 2003
----------------------------------------------------------------------------------------------------------------
B32        Mortgages for Landlords - Update 14th October   MAR 466/14380      Valid until further notice 14 Oct
           2003                                                                                            2003
----------------------------------------------------------------------------------------------------------------
B33        Mortgages for Landlords - Update 17th November  MAR 466/14558      Valid until further notice 17 Nov
           2003                                                                                            2003
----------------------------------------------------------------------------------------------------------------
B34        Mortgages for Landlords - Update 17th December  MAR 466/14705      Valid until further notice 17 Dec
           2003                                                                                            2003
----------------------------------------------------------------------------------------------------------------
B35        Mortgages for Landlords - Update 20th           MAR 466/14788      Valid until further notice 20 Jan
           January 2004                                                                                    2004
----------------------------------------------------------------------------------------------------------------
B36        Mortgages for Landlords - Update 22nd June 2004 MAR 466/15684      Valid until further notice 22 Jun
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
B37        Mortgages for Landlords - Update 9th July 2004  MAR 466/15788       Valid until further notice 9 Jul
                                                                                                           2004
----------------------------------------------------------------------------------------------------------------
B38        Mortgages for Landlords - Update 16th August    MAE 466/15974      Valid until further notice 16 Aug
           2004                                                                                            2004
----------------------------------------------------------------------------------------------------------------
B39        Update 16.08.04- Mortgage Deals to Suit         MAR 693                    Valid until further notice
           Everyone (Countrywide Version)                                                              16.08.04.
----------------------------------------------------------------------------------------------------------------
B40        Mortgages for Landlords - Update 13 September   MAR 466/15974              Valid until further notice
           2004                                                                                         13.09.04
----------------------------------------------------------------------------------------------------------------
B41        Update 13.09.04- Mortgage Deals to Suit EveryoneMAR 236                    Valid until further notice
                                                                                                       13.09.04.
----------------------------------------------------------------------------------------------------------------
B42        Update 23.09.04- Mortgage Deals to Suit EveryoneMAR 236                    Valid until further notice
                                                                                                       23.09.04.
----------------------------------------------------------------------------------------------------------------
B43        Update 2010.04- Mortgage Deals to Suit Everyone MAR 236                    Valid until further notice
                                                                                                       11.10.04.
----------------------------------------------------------------------------------------------------------------
B44        Mortgages for Landlords - Update 20 October 2004MAR 466/16295              Valid until further notice
                                                                                                        20.10.04
----------------------------------------------------------------------------------------------------------------
B45        Update 2010.04- Mortgage Deals to Suit Everyone MAR 236                    Valid until further notice
                                                                                                       20.12.04.
----------------------------------------------------------------------------------------------------------------
C          Mortgage Summary Information - Brokers                               (i.e. given to Borrowers dealing
                                                                                    directly with Northern Rock)
----------------------------------------------------------------------------------------------------------------
C1         Mortgage Update                                                     Regular editions from 17 Nov 1994
                                                                                                         onwards
----------------------------------------------------------------------------------------------------------------
C2         Mortgage Update 9th December 1994               Dev 291                              From 09 Dec 1994
----------------------------------------------------------------------------------------------------------------
C3         Mortgage Update 19th December 1994              Dev 291                              From 19 Dec 1994
----------------------------------------------------------------------------------------------------------------
C4         Mortgage Update 11th January 1995               Dev 291                              From 11 Jan 1995
----------------------------------------------------------------------------------------------------------------
C5         Mortgage Update 1st February 1995               Dev 291                              From 01 Feb 1995
----------------------------------------------------------------------------------------------------------------
C6         Mortgage Update 24th March 1995                 Dev 291                              From 24 Mar 1995
----------------------------------------------------------------------------------------------------------------
C7         Mortgage Update 18th April 1995                 Dev 291                            From 18 April 1995
----------------------------------------------------------------------------------------------------------------
C8         Mortgage Update 17th May 1995                   Dev 291                              From 17 May 1995
----------------------------------------------------------------------------------------------------------------
C9         Mortgage Update 5th June 1995                   Dev 291                              From 05 Jun 1995
----------------------------------------------------------------------------------------------------------------
C10        Mortgage Update 19th June 1995                  Dev 291                              From 19 Jun 1995
----------------------------------------------------------------------------------------------------------------
C11        Mortgage Update 17th July 1995                  Dev 291                              From 17 Jul 1995
----------------------------------------------------------------------------------------------------------------
C12        Mortgage Update 1st September 1995              Dev 291                              From 01 Sep 1995
----------------------------------------------------------------------------------------------------------------
C13        Mortgage Update 4th September 1995              Dev 291                              From 04 Sep 1995
----------------------------------------------------------------------------------------------------------------
C14        Mortgage Update 16th October 1995               Dev 291                              From 16 Oct 1995
----------------------------------------------------------------------------------------------------------------
C15        Mortgage Update 30th November 1995              Dev 291                              From 30 Nov 1995
----------------------------------------------------------------------------------------------------------------

                                      35
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
C16        Mortgage Update 13th December 1995              Dev 291                              From 13 Dec 1995
----------------------------------------------------------------------------------------------------------------
C17        Mortgage Update 3rd January 1996                Dev 291                              From 03 Jan 1996
----------------------------------------------------------------------------------------------------------------
C18        Mortgage Update 18th January 1996               Dev 291                              From 18 Jan 1996
----------------------------------------------------------------------------------------------------------------
C19        Mortgage Update 25th January 1996               Dev 291                              From 25 Jan 1996
----------------------------------------------------------------------------------------------------------------
C20        Mortgage Update 12th March 1996                 Dev 291                              From 12 Mar 1996
----------------------------------------------------------------------------------------------------------------
C21        Mortgage Update 22nd April 1996                 Dev 291                              From 22 Apr 1996
----------------------------------------------------------------------------------------------------------------
C22        Mortgage Update 10th June 1996                  Dev 291                              From 10 Jun 1996
----------------------------------------------------------------------------------------------------------------
C23        Mortgage Update 2nd September 1996              Dev 291                              From 02 Sep 1996
----------------------------------------------------------------------------------------------------------------
C24        Mortgage Update 21st October 1996               Dev 291                              From 21 Oct 1996
----------------------------------------------------------------------------------------------------------------
C25        Mortgage Update 11th November 1996              Dev 291                              From 11 Nov 1996
----------------------------------------------------------------------------------------------------------------
C26        Mortgage Update 3rd January 1997                Dev 291                              From 03 Jan 1997
----------------------------------------------------------------------------------------------------------------
C27        Mortgage Update 11th February 1997              Dev 291                              From 11 Feb 1997
----------------------------------------------------------------------------------------------------------------
C28        Guide to Mortgages                              Dev 434                              From 04 Apr 1997
----------------------------------------------------------------------------------------------------------------
C29        Mortgage Update                                 Dev 435                              From 04 Apr 1997
----------------------------------------------------------------------------------------------------------------
C30        Mortgage Update 28.5.97                         Dev 435                              From 28 May 1997
----------------------------------------------------------------------------------------------------------------
C31        Mortgage Update 9.6.97                          Dev 435                              From 09 Jun 1997
----------------------------------------------------------------------------------------------------------------
C32        Mortgage Update 25.6.97                         Dev 435                              From 25 Jun 1997
----------------------------------------------------------------------------------------------------------------
C33        Mortgage Update 11.8.97                         Dev 435                              From 11 Aug 1997
----------------------------------------------------------------------------------------------------------------
C34        Mortgage Update 3.9.97                          Dev 435                              From 03 Sep 1997
----------------------------------------------------------------------------------------------------------------
C35        Mortgage Update 17.9.97                         Dev 435                              From 17 Sep 1997
----------------------------------------------------------------------------------------------------------------
C36        Mortgage Update - Issue No 1                    MAR 35                               From 03 Nov 1997
----------------------------------------------------------------------------------------------------------------
C37        Mortgage Update - Issue No 2                    MAR 35                               From 12 Nov 1997
----------------------------------------------------------------------------------------------------------------
C38        Mortgage Update - Issue No 3                    MAR 35                               From 16 Dec 1997
----------------------------------------------------------------------------------------------------------------
C39        Mortgage Update - Issue No 5                    MAR 35                               From 29 Jan 1998
----------------------------------------------------------------------------------------------------------------
C40        Mortgage Update - Issue No 6                    MAR 35                               From 12 Feb 1998
----------------------------------------------------------------------------------------------------------------
C41        Mortgage Update - Issue No 7                    MAR 35                               From 01 Apr 1998
----------------------------------------------------------------------------------------------------------------
C42        Mortgage Update - Issue No 8                    MAR 35                               From 06 May 1998
----------------------------------------------------------------------------------------------------------------
C43        Mortgage Update - Issue No 9                    MAR 35                               From 17 Jun 1998
----------------------------------------------------------------------------------------------------------------
C44        Mortgage Update - Issue No 9                    MAR 35                               From 01 Jul 1998
----------------------------------------------------------------------------------------------------------------
C45        Mortgage Update - Issue No 10                   MAR 35                              From 08 Aug 1998
----------------------------------------------------------------------------------------------------------------
C46        Mortgage Update - Issue No 11                   MAR 35                               From 19 Sep 1998
----------------------------------------------------------------------------------------------------------------
C47        Mortgage Update - Issue No 12                   MAR 35                               From 08 Oct 1998
----------------------------------------------------------------------------------------------------------------
C48        Mortgage Update - Issue No 13                   MAR 35                               From 05 Nov 1998
----------------------------------------------------------------------------------------------------------------
C49        Mortgage Update - Issue No 14                   MAR 35                               From 07 Dec 1998
----------------------------------------------------------------------------------------------------------------
C50        Mortgage Update - Issue No 15                   MAR 35                               From 22 Jan 1999
----------------------------------------------------------------------------------------------------------------
C51        Mortgage Update - Issue No 16                   MAR 35                               From 04 Feb 1999
----------------------------------------------------------------------------------------------------------------
C52        Mortgage Update - Issue No 17                   MAR 35                               From 06 Mar 1999
----------------------------------------------------------------------------------------------------------------
C53        Mortgage Update - Issue No 18                   MAR 35                               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
C54        Mortgage Update - Issue No 19                   MAR 35                               From 16 Jun 1999
----------------------------------------------------------------------------------------------------------------
C55        Mortgage Update - Issue No 20                   MAR 35                               From 28 Jul 1999
----------------------------------------------------------------------------------------------------------------
C56        Mortgage Update - Issue No 21                   MAR 35                               From 26 Aug 1999
----------------------------------------------------------------------------------------------------------------
C57        Together Flexible - Total Flexibility in One
           Loan
----------------------------------------------------------------------------------------------------------------

                                      36
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
C58        Mortgage Update - Issue No 22                   MAR 35                              From 09 Sep 1999
----------------------------------------------------------------------------------------------------------------
C59        Mortgage Update - Issue No 23                   MAR 35                              From 29 Sep 1999
----------------------------------------------------------------------------------------------------------------
C60        Mortgage Update - Issue No 24                   MAR 35                              From 09 Nov 1999
----------------------------------------------------------------------------------------------------------------
C61        Mortgage Update - Issue No 25                   MAR 35                              From 01 Dec 1999
----------------------------------------------------------------------------------------------------------------
C62        Mortgage Update - Issue No 26                   MAR 35                              From 04 Jan 2000
----------------------------------------------------------------------------------------------------------------
C63        Mortgage Update - Issue No 27                   MAR 35                              From 17 Jan 2000
----------------------------------------------------------------------------------------------------------------
C64        Mortgage Update - Issue No 28                   MAR 35                              From 10 Mar 2000
----------------------------------------------------------------------------------------------------------------
C65        Mortgage Update - Issue No 29                   MAR 35                              From 27 Apr 2000
----------------------------------------------------------------------------------------------------------------
C66        Mortgage Update - Issue No 30                   MAR 35                              From 07 Jun 2000
----------------------------------------------------------------------------------------------------------------
C67        Mortgage Update - Issue No 31                   MAR 35                              From 28 Jun 2000
----------------------------------------------------------------------------------------------------------------
C68        Mortgage Update - Issue No 32                   MAR 35                              From 04 Aug 2000
----------------------------------------------------------------------------------------------------------------
C69        Mortgage Update - Issue No 33                                                       From 18 Sep 2000
----------------------------------------------------------------------------------------------------------------
C70        Mortgage Update - Issue No 34                                                       From 02 Oct 2000
----------------------------------------------------------------------------------------------------------------
C71        Mortgage Update - Issue No 47                   MAR035                              From 08 Nov 2001
----------------------------------------------------------------------------------------------------------------
C72        Mortgage Update - Issue No 48                   MAR035                              From 05 Dec 2001
----------------------------------------------------------------------------------------------------------------
C73        Mortgage Update - Issue No 49                   MAR035                              From 07 Jan 2002
----------------------------------------------------------------------------------------------------------------
C74        Mortgage Update - Issue No 49                   MAR035                              From 16 Jan 2002
----------------------------------------------------------------------------------------------------------------
C75        Mortgage Update - Insert to be used in          MAR035                              From 16 Jan 2002
           conjunction with Issue No 49
----------------------------------------------------------------------------------------------------------------
C76        Mortgage Update - Insert to be used in          MAR035                              From 16 Jan 2002
           conjunction with Issue No 49
----------------------------------------------------------------------------------------------------------------
C77        Mortgage Update - Issue No 50                   MAR035                              From 23 Mar 2002
----------------------------------------------------------------------------------------------------------------
C78        Mortgage Update - Issue No 51                   MAR035                              From 10 May 2002
----------------------------------------------------------------------------------------------------------------
C79        Mortgage Update - dated 10 May 2002
----------------------------------------------------------------------------------------------------------------
C80        Mortgage Update - Issue No 52                   MAR035                               From 26 Jul 2002
----------------------------------------------------------------------------------------------------------------
C81        Mortgage Update - Issue No 53                   MAR035                                From 7 Aug 2002
----------------------------------------------------------------------------------------------------------------
C82        Mortgage Update - Issue No 54                   MAR035                               From 30 Aug 2002
----------------------------------------------------------------------------------------------------------------
C83        Mortgage Update - Issue No 55                   MAR035                                From 4 Sep 2002
----------------------------------------------------------------------------------------------------------------
C84        Mortgage Update - Issue No 56                   MAR035                                From 8 Oct 2002
----------------------------------------------------------------------------------------------------------------
C85        Mortgage Update - Issue No 57                   MAR035                               From 21 Oct 2002
----------------------------------------------------------------------------------------------------------------
C86        Mortgage Update - Issue No 58                   MAR035                                From 8 Nov 2002
----------------------------------------------------------------------------------------------------------------
C87        Mortgage Update - Issue No 59                   MAR035                               From 27 Nov 2002
----------------------------------------------------------------------------------------------------------------
C88        Intermediaries - Mortgage Product Update -      MAR035                               From 10 Jun 2003
           Issue No 1
----------------------------------------------------------------------------------------------------------------
C89        Intermediaries - Mortgage Product Update -      MAR035                                From 8 Mar 2003
           Issue No 2
----------------------------------------------------------------------------------------------------------------
C90        Intermediaries - Mortgage Product Update -      MAR035                                Valid 24.2.2003
           Issue No. 3
----------------------------------------------------------------------------------------------------------------
C91        Intermediaries - Mortgage Product Update -      MAR035                                 Valid 1.4.2003
           Issue No. 4
----------------------------------------------------------------------------------------------------------------
C92        Intermediaries - Mortgage Product Update -      MAR035                                      May 2003
           Issue No. 5
----------------------------------------------------------------------------------------------------------------
C93        Intermediaries - Mortgage Product Update -      MAR035                                Valid 18.6.2003
           Issue No. 6
----------------------------------------------------------------------------------------------------------------

                                      37
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
C94        Intermediaries - Mortgage Product Update -      MAR035/14374                        Valid 14 Oct 2003
           Issue No. 11
----------------------------------------------------------------------------------------------------------------
C95        Intermediaries - Mortgage Product Update -      MAR709/14401                        Valid 17 Nov 2003
           Issue No. 12
----------------------------------------------------------------------------------------------------------------
C96        Intermediaries - Mortgage Product Update -      MAR035/14686                        Valid 17 Dec 2003
           Issue No. 13
----------------------------------------------------------------------------------------------------------------
C97        Intermediaries - Mortgage Product Update -      MAR035/14787                        Valid 20 Jan 2004
           Issue No. 14
----------------------------------------------------------------------------------------------------------------
C98        Intermediaries - Mortgage Product Update -      MAR035/14918                        Valid 16 Feb 2004
           Issue No. 15
----------------------------------------------------------------------------------------------------------------
C99        Intermediaries - Mortgage Product Update -      MAR035/15107                         Valid 9 Mar 2004
           Issue No. 16
----------------------------------------------------------------------------------------------------------------
C100       Intermediaries - Mortgage Product Update -      MAR035/15162                        Valid 25 Mar 2004
           Issue No. 17
----------------------------------------------------------------------------------------------------------------
C101       Intermediaries - Mortgage Product Update -      MAR035/15336                        Valid 28 Apr 2004
           Issue No. 18
----------------------------------------------------------------------------------------------------------------
C102       Intermediaries - Mortgage Product Update -      MAR 035/15526                        Valid 2 Jun 2004
           Issue No. 20
----------------------------------------------------------------------------------------------------------------
C103       Intermediaries - Mortgage Product Update -      MAR 035/15654                       Valid 18 Jun 2004
           Issue No. 21
----------------------------------------------------------------------------------------------------------------
C104       Intermediaries - Mortgage Product Update -      MAR 035/15771                        Valid 9 Jul 2004
           Issue No. 22
----------------------------------------------------------------------------------------------------------------
C105       Intermediaries - Home Release Mortgage Product  MAR 746/15742                       Valid 15 Jul 2004
           Update - Issue No. 1
----------------------------------------------------------------------------------------------------------------
C106       Intermediaries - Mortgage Product Update -      MAR 035/15939                       Valid 16 Aug 2004
           Issue No. 23
----------------------------------------------------------------------------------------------------------------
C107       Intermediaries - Mortgage Product Update -      MAR 035/16064                        Valid 13.09.2004
           Issue No. 24
----------------------------------------------------------------------------------------------------------------
C108       Intermediaries - Mortgage Product Update -      MAR 035/16238                        Valid 11.10.2004
           Issue No. 25
----------------------------------------------------------------------------------------------------------------
C109       Intermediaries - Mortgage Product Update -      MAR 035/16268                        Valid 19.10.2004
           Issue No. 26
----------------------------------------------------------------------------------------------------------------
C110       Intermediaries - Mortgage Product Update -      MAR 035/16287                        Valid 15.11.2004
           Issue No. 27
----------------------------------------------------------------------------------------------------------------
C111       Intermediaries - Mortgage Product Update -      MAR 035/16542                        Valid 15.12.2004
           Issue No. 28
----------------------------------------------------------------------------------------------------------------
C112       Intermediaries Exclusive                        No Ref.                                      06.10.04
----------------------------------------------------------------------------------------------------------------
C113       Intermediaries - Home Equity Release Mortgage   MAR746/15940                           Valid 16.08.04
           Product Update - Issue No. 2
----------------------------------------------------------------------------------------------------------------
C114       Intermediaries - Home Equity Release Mortgage   MAR746/16066                           Valid 13.09.04
           Product Update - Issue No. 3
----------------------------------------------------------------------------------------------------------------
C115       Intermediaries - Home Equity Release Mortgage   MAR746/16244                           Valid 11.10.04
           Product Update - Issue No. 4
----------------------------------------------------------------------------------------------------------------
C116       Intermediaries - Home Equity Release Mortgage   MAR746/16288                           Valid 15.11.04
           Product Update - Issue No. 5
----------------------------------------------------------------------------------------------------------------
D          Mortgage Advice - Borrowers                                          (i.e. given to Borrowers dealing
                                                                                    directly with Northern Rock)
----------------------------------------------------------------------------------------------------------------
D1         Mortgage Product Advice and Recommendation      Valid September                         From Sep 2000
                                                           2000
----------------------------------------------------------------------------------------------------------------
E          Offers of Advance
----------------------------------------------------------------------------------------------------------------

                                      38
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
E1         Offer of Advance                                ADV6F/0396                              From Mar 1996
           (with General Conditions on reverse)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
E2         Offer of Advance                                ADV6B/0300                              From Mar 2000
           (with General Conditions on reverse)                                  In triplicate - white, blue and
           Northern Rock plc                                                                       green copies.
----------------------------------------------------------------------------------------------------------------
E3         Revised Offer of Loan [Northern Rock copy]                                    From Jul 2001 - used in
           Northern Rock plc                                                            conjunction with General
                                                                                   Conditions introduced on same
                                                                               date - Most of the content of the
                                                                                     document is variable and is
                                                                                          specific to individual
                                                                                     customers/mortgage products
----------------------------------------------------------------------------------------------------------------
F          General Conditions (used on reverse of Offer of
           Advance)
----------------------------------------------------------------------------------------------------------------
F1         General Conditions                              [ADV6/1094]                 From Oct 1994 to Jun 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
F2         General Conditions                              ADV6/0695                   From Jun 1995 to Jul 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
F3         General Conditions                              ADV6/0795                   From Jul 1995 to Jan 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
F4         General Conditions                              ADV6/0196                   From Jan 1996 to Dec 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
F5         General Conditions                              ADV6/1296                          From Dec 1996 to ?
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
F6         General Conditions                              ADV6B/1296                  From Dec 1996 to Oct 1997
           Northern Rock Building Society                                        [Offer of Advance ADV6F/0396 on
                                                                                                    the reverse]
----------------------------------------------------------------------------------------------------------------
F7         General Conditions                              ADV6B/1097                  From Oct 1997 to Dec 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F8         General Conditions                              ADV6B/1297                  From Dec 1997 to Jan 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F9         General Conditions                              ADV6B/0198                  From Jan 1998 to Jun 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F10        General Conditions                              ADV6B/0698                   From Jun1998 to Jan 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F11        General Conditions                              ADV6B/0199                  From Jan 1999 to Sep 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F12        General Conditions                              ADV6B/0999                 From Sep 1999 to Mar 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F13        General Conditions                              ADV6B/0300                              From Mar 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F14        Terms and Conditions - Applicant Copy           OBA1/0900 on cover                      From Sep 2000
           Northern Rock plc                               OBA2/0900 on
                                                           reverse
----------------------------------------------------------------------------------------------------------------
F15        Terms and Conditions - Solicitor Copy           OBS1/0900 on cover                      From Sep 2000
           Northern Rock plc                               OBS2/0900 on
                                                           reverse
----------------------------------------------------------------------------------------------------------------

                                      39
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
F16        Terms and Conditions - Applicant Copy           OBA1/0101 on cover                      From Jan 2001
           Northern Rock plc                               OBA2/0101 on
                                                           reverse
----------------------------------------------------------------------------------------------------------------
F17        Terms and Conditions - Solicitor Copy           OBA1/0101 on cover                      From Jan 2001
           Northern Rock plc                               OBA2/0101 on
                                                           reverse
----------------------------------------------------------------------------------------------------------------
F18        General Conditions                              ADV282/ July 2001                       From Jul 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F19        Product Transfer - General Conditions (Flexible)SB/T&C/FLEX/05/02                       From May 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
F20        General Conditions [English and Scottish]       ADV6/0695                                    Jun 1995
----------------------------------------------------------------------------------------------------------------
F21        General Conditions [English and Scottish]       ADV6/0795                                    Jul 1995
----------------------------------------------------------------------------------------------------------------
F22        General Conditions [English and Scottish]       ADV6/0196                                    Jan 1996
----------------------------------------------------------------------------------------------------------------
F23        General Conditions [English and Scottish]       ADV6/1296                                    Dec 1996
----------------------------------------------------------------------------------------------------------------
F24        General Conditions [English and Scottish]       ADV6/1097                                    Oct 1997
----------------------------------------------------------------------------------------------------------------
F25        General Conditions [English and Scottish]       ADVB6/1297                                   Dec 1997
----------------------------------------------------------------------------------------------------------------
F26        General Conditions [English and Scottish]       ADV6B/1297                                   Dec 1997
----------------------------------------------------------------------------------------------------------------
F27        General Conditions [English and Scottish]       ADV6B/0198                                   Jan 1998
----------------------------------------------------------------------------------------------------------------
F28        General Conditions [English and Scottish]       ADV6B/0698                                   Jun 1996
----------------------------------------------------------------------------------------------------------------
F29        General Conditions [English and Scottish]       ADV6B/0199                                   Jan 1999
----------------------------------------------------------------------------------------------------------------
F30        General Conditions [English and Scottish]       ADV6/0699                                    Jun 1999
----------------------------------------------------------------------------------------------------------------
F31        General Conditions [English and Scottish]       ADV6/0300                                    Mar 2000
----------------------------------------------------------------------------------------------------------------
F32        Terms and Conditions [English and Scottish]     OBA1/0900                                    Sep 2000
----------------------------------------------------------------------------------------------------------------
F33        Terms and Conditions [English and Scottish]     OBA1/0900                                    Sep 2000
----------------------------------------------------------------------------------------------------------------
F34        Terms and Conditions [English and Scottish]     OBA1/0101                                    Jan 2001
----------------------------------------------------------------------------------------------------------------
G          Mortgage Conditions/Building Society Rules
----------------------------------------------------------------------------------------------------------------
G1         Rules of Northern Rock Building Society         GEN 128/1.94                         From 28 Apr 1992
----------------------------------------------------------------------------------------------------------------
G2         Mortgage Conditions 1995                        ADV72 06/95                             From Jun 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
G3         Mortgage Conditions 1997                        ADV 72 08/97                            From Aug 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
G4         Mortgage Conditions 2001                        ADV 276 07/2001                         From Oct 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
G5         Mortgage Offer General Conditions               ADV282/0701                                  Jul 2001
            [English and Scottish]
----------------------------------------------------------------------------------------------------------------
G6         Mortgage Offer General Conditions               ADV282/0701                                  Jul 2001
            [English and Scottish]
----------------------------------------------------------------------------------------------------------------
H          Occupiers Undertakings
----------------------------------------------------------------------------------------------------------------
H1         Agreement and Undertaking                       scjh0404/stand                                      ?
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
H2         Agreement and Undertaking                       (LIF)LIFE30                             From Aug 1997
           Northern Rock
----------------------------------------------------------------------------------------------------------------
H3         Agreement and Undertaking                       st/peps                                 From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      40
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
H4         Agreement and Undertaking                       JAGO3/0500                              From May 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
H5         Agreement and Undertaking                       UNDERTAKE June                          From Jun 2000
           Northern Rock plc                               2000
----------------------------------------------------------------------------------------------------------------
I          Miscellaneous Mortgage Documentation
----------------------------------------------------------------------------------------------------------------
I1         Mortgage of Life Policy                         SEC 16 /02.94                           From Feb 1994
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
I2         Mortgage of Life Policy                         SEC 16 /06.95                           From Jun 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
I3         Valuations and Surveys - hard to beat           DEV 125                              From 19 Jun 1995
           Northern Rock Building Society                  19.6.1995
----------------------------------------------------------------------------------------------------------------
I4         Valuations and Surveys - hard to beat           DEV 125                              From 14 Aug 1995
           Northern Rock Building Society                  14.8.1995
----------------------------------------------------------------------------------------------------------------
I5         Guarantors Confirmation (Existing Borrowers)    ADV 266.7/97                            From Jul 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
I6         Mortgage of Life Policy                         SEC 16T /10.97                          From Oct 1997
           Northern Rock Building Society/Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I7         Mortgage of Life Policy                         SEC 16 /10.97                           From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I8         Guarantors Confirmation (Existing Borrowers)    ADV 266.10/97                           From Oct 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
I9         Application for Transfer of Ownership of a      MA 31/10.97                             From Oct 1997
           Mortgaged Property
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I10        Notice of Assignment of Life Policy             ADV 29 /11.99                           From Nov 1999
----------------------------------------------------------------------------------------------------------------
I11        Individual Savers Account (ISA) Policy          JAGO2/0500                              From May 2000
           Arrangements form
----------------------------------------------------------------------------------------------------------------
I12        Application for Transfer of Ownership of a      MA 31/Feb.01                            From Feb 2001
           Mortgaged Property
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I13        Deed of Guarantee                               SOL013 / July 2001                      From Jul 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I14        Guarantors Confirmation                         NRDGC 05/02          From May 2002 - This document is
           Northern Rock plc                                                   only used by Northern Rock Direct
----------------------------------------------------------------------------------------------------------------
I15        Guarantors Confirmation                         ADV 265.10/97                           From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I16        Guarantors Confirmation                         ADV 265.06/00                           From Jun 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
I17        Confirmation of Identity                        GASelfCert - Aug                        From Aug 2003
           Northern Rock plc                               2003
----------------------------------------------------------------------------------------------------------------
I18        Release and Re-assignment of Life Policy        SEC 51/10.97                               1 Oct 1997
----------------------------------------------------------------------------------------------------------------
I19        Valuations and Surveys Northern Rock plc        MAR 6/14054          Valid until further notice 8 Mar
----------------------------------------------------------------------------------------------------------------
I20        Staff Mortgage Enquiry Form, Northern Rock plc  ADV 50 10/97                                  Undated
----------------------------------------------------------------------------------------------------------------
I21        Confirmation of Identity and Affordability                                                   Oct 2004
----------------------------------------------------------------------------------------------------------------

                                      41
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
J          Mortgage Origination and Completion -
           Solicitors/Other Third Party Documentation
----------------------------------------------------------------------------------------------------------------
J1         Valuations and Surveys - Helping you ensure     DEV 125                               From 1 Oct 1992
           your home is a solid investment                 01.10.1992
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J2         Report on Title and Funds Request (including    MA55 01/94                              From Jan 1994
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J3         Report on Title and Funds Request (including    MA55 /04.96                             From Apr 1996
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J4         Changes of Ownership in Mortgaged Property -    ADV 54 /05.96                           From May 1996
           Note to Solicitors
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J5         Report on Title and Funds Request (including    MA55 /01.97                             From Jan 1997
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J6         Changes of Ownership in Mortgaged Property -    ADV 54 02.97                            From Feb 1997
           Note to Solicitors
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J7         Changes of Ownership in Mortgaged Property -    ADV 54 07.97                            From Jul 1997
           Note to Solicitors
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J8         Report on Title and Funds Request (including    MA55 /10.97                             From Oct 1997
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J9         Changes of Ownership in Mortgaged Property -    ADV 54 10.97                            From Oct 1997
           Note to Solicitors
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J10        Valuations and Surveys - hard to beat           MAR 6                                 From 1 Oct 1997
           Northern Rock plc                               1.10.1997
----------------------------------------------------------------------------------------------------------------
J11        Report and Valuation for Mortgages Purposes on  ADV 155 10.97                           From Oct 1997
           behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J12        Report and Valuation for Mortgages Purposes on  ADV 179 10.97                           From Oct 1997
           behalf of Northern Rock plc - Sheet 2
----------------------------------------------------------------------------------------------------------------
J13        Report and Valuation for Mortgages Purposes on  ADV 267 10.97                           From Oct 1997
           behalf of Northern Rock plc - Sheet 2 in
           respect of loans exceeding (pound)150,000
----------------------------------------------------------------------------------------------------------------
J14        Report and Valuation for Mortgages Purposes on  ADV 7a 10.97                            From Oct 1997
           behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J15        Reinspection Report                             ADV 76 10.97                            From Oct 1997
           Northern Rock plc (2 versions)
----------------------------------------------------------------------------------------------------------------
J16        Additional Advance Valuation Report             ADV 127B 10.97                          From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J17        Report and Valuation for Mortgages Purposes on  ADV 155 12.98                           From Dec 1998
           behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      42
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
J18        Part 2 Instructions (in relation to the CML Offers of Advance
           issued from 01 Lenders' Handbook for England & Wales) Jun 2000[?]
----------------------------------------------------------------------------------------------------------------
J19        Certificate of Title                            JAGO4/0700                              From Jul 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J20        Certificate of Title                            COT/0700                                From Jul 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J21        Part 2 Instructions (in relation to the CML                                         Offers of Advance
           Lenders' Handbook for England & Wales)                                        issued from late Summer
                                                                                                         2000[?]
----------------------------------------------------------------------------------------------------------------
J22        Deeds Dematerialisation [Notice to solicitors]                                       [From Apr 2000?]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J23        Valuations and Surveys - Property               MAR 6/10550                             From Oct 2000
           Northern Rock plc                               Oct 2000
----------------------------------------------------------------------------------------------------------------
J24        Changes of Ownership in Mortgaged Property -    ADV 54 11/00                            From Nov 2000
           Note to Solicitors
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
J25        Certificate of Title (including Drawdown Loan   COT/0502                                From May 2002
           Certificate)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J26        Valuations and Surveys - Property               MAR 6/12661                             From May 2002
           Northern Rock plc                               May 2002
----------------------------------------------------------------------------------------------------------------
J27        Report and Valuation for Mortgages Purposes on  AL/SAS/267/                             From Sep 2002
           behalf of Northern Rock plc - Sheet 2 in        (500+) 09.02
           respect of loans exceeding (pound)1,000,000
----------------------------------------------------------------------------------------------------------------
J28        Certificates of Title                           COT/1102                                From Nov 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J29        Report and Valuation for Mortgage Purposes on   ADV 155/07.03                           From Jul 2003
           behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J30        Certificate of Title (Rapid Remortgages Only)                                             18 Jun 2003
----------------------------------------------------------------------------------------------------------------
J31        Form giving Certificate of Title (Rapid                                                   18 Jun 2003
           Remortgages-Multicases only)
----------------------------------------------------------------------------------------------------------------
J32        Funds Release (Certificate of Title) for Rapid  N/A                                       18 Jun 2001
----------------------------------------------------------------------------------------------------------------
J33        Part 2 - Name of Mortgage Lender (CML Mortgage  N/A                                        1 Oct 2002
----------------------------------------------------------------------------------------------------------------
J34        Part 2 - Name of Mortgage Lender (CML Mortgage  N/A                                        1 Nov 2002
----------------------------------------------------------------------------------------------------------------
J35        Part 2 - Name of Mortgage Lender (CML Mortgage  N/A                                       13 Oct 2003
----------------------------------------------------------------------------------------------------------------
J36        Agreement between Northern Rock and The Motley  N/A                                        5 Nov 2003
----------------------------------------------------------------------------------------------------------------
J37        Memo from D. Maughan to C Jobe re. Unsecured    N/A                                       13 Nov 2003
----------------------------------------------------------------------------------------------------------------
J38        Letter from Mortgage Next to Northern Rock re.  28 Aug 2003
----------------------------------------------------------------------------------------------------------------

                                      43
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
J39        Procuration Fee Approval Form in relation to    26 Nov 2003
           Moneyextra
----------------------------------------------------------------------------------------------------------------
J40        Procuration Fee Approval Form in relation to    27 Nov 2003
           Traditional Intermediaries
----------------------------------------------------------------------------------------------------------------
J41        Northern Rock Intermediary Registration Form    N/A                                               N/A
----------------------------------------------------------------------------------------------------------------
J42        Northern Rock Standard Form Intermediary        N/A                                               N/A
----------------------------------------------------------------------------------------------------------------
J43        Certificate of Title                            LEG023 24.03.05                            24 Mar 2005
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J44        Certificate of Title                            Ppub11 5.5.05                              5 May 2005
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J45        Certificate of Title (Scotland)                 Ppub16 5.5.05                              5 May 2005
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
J46        Part 2 Instructions (in relation to the CML     N/A                                        6 May 2005
           Lenders' Handbook for England & Wales)
----------------------------------------------------------------------------------------------------------------
J47        Part 2 Instructions (in relation to the CML     N/A                                        6 May 2005
           Lenders' Handbook for Northern Ireland)
----------------------------------------------------------------------------------------------------------------
K          Completion Documentation
----------------------------------------------------------------------------------------------------------------
K1         Schedule of Documents of Title                  SEC 28/11.94                            From Nov 1994
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
K2         Schedule of Documents of Title                  SEC 28/01.96                            From Jan 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
K3         Schedule of Documents of Title                  SEC28 /10.97                            From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
K4         Schedule of Documents of Title                  JAGO1/0500                              From May 2000
           Northern Rock plc                               JAGO1B/0500
----------------------------------------------------------------------------------------------------------------
K5         Deeds Schedule                                  SODT/0201                               From Feb 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
K6         Completion Advice                               A146F -                  Completions advices are in a
           Northern Rock plc                               representative           flexible format - content is
                                                           sample                        variable depending upon
                                                                               circumstances of loan and product
                                                                                  applied for.  Permutations are
                                                                                   vast and it is impractical to
                                                                                     maintain an archive of each
                                                                                                        scenario.
----------------------------------------------------------------------------------------------------------------
K7         Additional Advance Cheque Request               ADV 133 01/94                           From Jan 1994
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
K8         Re-Advance/Further Advance Receipt              SEC 37 /10.97                           From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
K9         Additional Advance Funds Request                ADV 271 /10.97                          From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
K10        Additional Advance Funds Request                ADV 271 1/98                            From Jan 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
K11        Additional Advance Funds Request                AAFR/0802                               From Aug 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
K12        Additional Advance Funds Request
----------------------------------------------------------------------------------------------------------------
K13        Certificate of Title                            COT/0804
----------------------------------------------------------------------------------------------------------------
</TABLE>

                                      44
<PAGE>

               Part 2 Documents Used Only in the Origination of
    Standard Fixed Rate, Standard Variable Rate, Cashback, Capped, Tracker,
            CAT Standard, Discount and Discount for Life Mortgages
<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------

SABW       Document                                         Reference        Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>               <C>

L          Mortgage Application Forms - General
----------------------------------------------------------------------------------------------------------------
L1         Mortgage Application Form                        ADV 4. 05/95     From May 1995 to Mar 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
L2         Mortgage Application Form                        ADV 4. 03/96     From Mar 1996 to Jul 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
L3         Mortgage Application Form                        ADV 4. 07/97     From Jul 1997 to Oct 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
L4         Mortgage Application Form                        ADV 4. 10/97     From Oct 1997 to Dec 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L5         Mortgage Application Form                        ADV 4. 12/97     From Dec 1997 to Mar 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L6         Mortgage Application Form                        ADV 4 DRTV 3/98  From Mar 1998 to Apr 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L7         Mortgage Application Form                        ADV 4. 4/98      From Apr 1998 to Jan 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L8         Mortgage Application Form                        ADV 4. 1/99      From Jan 1999 to Feb 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L9         Mortgage Application Form                        ADV 4. 2/00      From Feb 2000 to Jun 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L10        Mortgage Application Form                        ADV 4. 6/00      From Jun 2000 to Dec 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L11        Mortgage Application Form                        ADV4. 12/00      From Dec 2000 to Jan 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L12        Mortgage Application Form                        ADV4. 01/01      From Jan 2001 to May 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L13        Mortgage Application Form                        ADV4. 05/01      From May 2001 to Sep 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L14        Mortgage Application Form                        ADV4. 09/01      From Sep 2001 to Oct 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L15        Mortgage Application Form                        ADV4. 10/01      From Oct 2001 to Aug 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L16        NB From this point onwards the Mortgage
           Application Forms appear to also be used for the
           Together/Together Connections products.
----------------------------------------------------------------------------------------------------------------
L17        Mortgage Application Form                        ADV4. 08.02      From Aug 2002 to Oct 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L18        Mortgage Application Form                        ADV4. 10.02      From Oct 2002 to Feb 2003
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L19        Your Personal Quotation and Transfer Declaration 19 Sep 2002      (Sample re Mr and Mrs Kapke)
           for a Flexible Fixed Rate
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L20        Your Personal Quotation and Transfer Declaration 19 Sep 2002      (Sample re Mr Mcparland and Miss
           for a Together Mortgage                                           Davis)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      45
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
L21        Mortgage Application Form                        ADV4.02.03       From Feb 2003 to
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
L22        Mortgage Application Form [English and Scottish] ADV4. 04.03      Apr 2003
----------------------------------------------------------------------------------------------------------------
L23        Mortgage Application Form Northern Rock plc      ADV4.3.04        From Mar 2004
----------------------------------------------------------------------------------------------------------------
L23        Change of Parties Application Form               MAR 757          31.10.04
----------------------------------------------------------------------------------------------------------------
L24        Mortgage Application Form                        LEG 15           31.10.04
----------------------------------------------------------------------------------------------------------------
M          Mortgage Application Forms - Northern Rock Direct
----------------------------------------------------------------------------------------------------------------
M1         Your Direct Mortgage Application Form            Dev 439 4/97     From Apr 1997 to Oct 1997
           Northern Rock Direct/Northern Rock Building
           Society
----------------------------------------------------------------------------------------------------------------
M2         Your Direct Mortgage Application Form            MAR 17b 1.10.97  From Oct 1997 to Dec 1997
           Northern Rock Direct/Northern Rock plc
----------------------------------------------------------------------------------------------------------------
M3         Your Direct Mortgage Application Form            MAR 17b 15.12.97 From Dec 1997 to May 1998
           Northern Rock Direct/Northern Rock plc
----------------------------------------------------------------------------------------------------------------
M4         Your Direct Mortgage Application Form            MAR 124 31 May   From May 1998 to ?
           Northern Rock Direct/Northern Rock plc           1998
----------------------------------------------------------------------------------------------------------------
M5         Home Equity Release Mortgage Application Form    MAR 327/560      Jul 2004
----------------------------------------------------------------------------------------------------------------
N          Application Forms - Specialist
----------------------------------------------------------------------------------------------------------------
N1         Secured Personal Loan Application Form           ADV 31. 1/99     From Jan 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
N2         Secured Personal Loan Application Form           ADV031 (8.5.2000)From May 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
N3         Secured Personal Loan Application Form           ADV031           From Oct 2001
           Northern Rock plc                                (22.10.2001)
----------------------------------------------------------------------------------------------------------------
N4         Secured Personal Loan Application Form           ADV031           From Aug 2002
           Northern Rock plc                                (01.8.2002)
----------------------------------------------------------------------------------------------------------------
O          Special Conditions for Fixed Rate Mortgages
           (used with Offer of Advance)
----------------------------------------------------------------------------------------------------------------
O1         5 year Fixed Rate Mortgage                       AY               From 15 Jul 1997
----------------------------------------------------------------------------------------------------------------
O2         5 year Fixed Rate Mortgage                       BA               From 26 Jun 1997
----------------------------------------------------------------------------------------------------------------
O3         5 year Fixed Rate Mortgage                       BH               From 03 Sep 1997
----------------------------------------------------------------------------------------------------------------
O4         5 year Fixed Rate Mortgage                       BQ               From 17 Sep 1997
----------------------------------------------------------------------------------------------------------------
O5         5 year Fixed Rate Mortgage                       BS               From 01 Jan 1997
                                                                             [Query date - should be Nov?]
----------------------------------------------------------------------------------------------------------------
O6         5 year Fixed Rate Mortgage                       BT               From 01 Nov 1997
                                                                             [Other dates?]
----------------------------------------------------------------------------------------------------------------
O7         5 year Fixed Rate Mortgage                       CF               From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------
O8         5 year Fixed Rate Mortgage                       CJ               From 01 Apr 1998
----------------------------------------------------------------------------------------------------------------
O9         5 year Fixed Rate Mortgage                       CK               From 01 Apr 1998
----------------------------------------------------------------------------------------------------------------
O10        5 year Fixed Rate Mortgage                       CM               From 06 May 1998
----------------------------------------------------------------------------------------------------------------
O11        5 year Fixed Rate Mortgage                       CP               From 17 Jun 1998
----------------------------------------------------------------------------------------------------------------
O12        5 year Fixed Rate Mortgage                       CU               From 01 Jul 1998
----------------------------------------------------------------------------------------------------------------

                                      46
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
O13        5 year Fixed Rate Mortgage                       CZ               From 08 Aug 1998
----------------------------------------------------------------------------------------------------------------
O14        5 year Fixed Rate Mortgage                       EA               From 08 Aug 1998
----------------------------------------------------------------------------------------------------------------
O15        5 year Fixed Rate Mortgage                       EU               From 22 Jan 1999
----------------------------------------------------------------------------------------------------------------
O16        5 year Fixed Rate Mortgage                       FD
----------------------------------------------------------------------------------------------------------------
O17        5 year Fixed Rate Mortgage                       FL               From 13 Mar 1999
----------------------------------------------------------------------------------------------------------------
O18        5 year Fixed Rate Mortgage                       FM               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
O19        5 year Fixed Rate Mortgage                       FN               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
O20        5 year Fixed Rate Mortgage                       FP               From 23 Apr 1999
----------------------------------------------------------------------------------------------------------------
O21        5 year Fixed Rate Mortgage                       KZ               From 29 Nov 1999
----------------------------------------------------------------------------------------------------------------
O22        2 year Fixed Rate Mortgage                                        From 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
O23        10 year Fixed Rate Mortgage                                       from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
O24        15 year Fixed Rate Mortgage                                       from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
O25        Guaranteed Repayment Mortgage 10 year Fixed Rate                  from 9 Jan 2003
           Mortgage
----------------------------------------------------------------------------------------------------------------
O26        Guaranteed Repayment Mortgage 15 year Fixed Rate                  from 9 Jan 2003
           Mortgage
----------------------------------------------------------------------------------------------------------------
O27        Help with Costs Special Condition Wording - for
           Guaranteed Repayment Mortgage 10 year Fixed Rate
           Mortgage (2 versions)
----------------------------------------------------------------------------------------------------------------
O28        Help with Costs Special Condition Wording - for
           Guaranteed Repayment Mortgage 15 year Fixed Rate
           Mortgage (2 versions)
----------------------------------------------------------------------------------------------------------------
O29        Help with Costs Special Condition Wording - for
           10 year Fixed Rate (2 versions)
----------------------------------------------------------------------------------------------------------------
O30        Help with Costs Special Condition Wording - for
           15 year Fixed Rate (2 versions)
----------------------------------------------------------------------------------------------------------------
P          Special Conditions for Variable Rate Mortgages
           (used with Offer of Advance)
----------------------------------------------------------------------------------------------------------------
P1         Variable Rate Mortgage - Cashback                6B               From 30 Nov 1995
----------------------------------------------------------------------------------------------------------------
P2         Variable Rate Mortgage - Cashback without        9B               From 03 Jan 1996
           insurance
----------------------------------------------------------------------------------------------------------------
P3         Variable Rate Mortgage - Cashback without        C5               From 11 Aug 1997
           insurance                                                         [Query date - should be 1996?]
----------------------------------------------------------------------------------------------------------------
P4         Variable Rate Mortgage - Cashback without        C7               From 02 Sep 1996
           insurance
----------------------------------------------------------------------------------------------------------------
P5         Variable Rate Mortgage - Cashback without        C9               From 02 Sep 1996
           insurance
----------------------------------------------------------------------------------------------------------------
P6         3 year Discounted Variable Rate Mortgage         J9 and J0        From 25 Jun 1998
                                                                             [Other dates ?]
----------------------------------------------------------------------------------------------------------------
P7         Variable Rate Mortgage - 5% Cashback             P5               From 25 Jun 1997
                                                                             [Other dates ?]
----------------------------------------------------------------------------------------------------------------
P8         Variable Rate Mortgage - 6% Cashback             P6               From 03 Sep 1997
                                                                             [Other date ?]
----------------------------------------------------------------------------------------------------------------
P9         Variable Rate Mortgage - Cashback                7P and 8P        From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------
P10        3 year Discounted Variable Rate Mortgage         M1 to [M6 ?]     From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------
P11        Variable Rate Mortgage - Cashback                S1 and S2        From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------

                                      47
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
P12        3 year Discounted Variable Rate Mortgage         M7 and M8        From 01 Apr 1998
----------------------------------------------------------------------------------------------------------------
P13        Variable Rate Mortgage - Cashback                S4 and S5        From 06 May 1998
----------------------------------------------------------------------------------------------------------------
P14        Variable Rate Mortgage - Cashback                7S               From 10 Jun 1996
----------------------------------------------------------------------------------------------------------------
P15        Variable Rate Mortgage - Cashback                3T               From 07 Dec 1998
                                                                             [Other date?]
----------------------------------------------------------------------------------------------------------------
P16        Variable Rate Mortgage - Cashback                6T and 7T        From 22 Jan 1999
                                                                             [Other date?]
----------------------------------------------------------------------------------------------------------------
P17        Variable Rate Mortgage - 8%/7% Cashback          GB and GC        From 06 Mar 1999
----------------------------------------------------------------------------------------------------------------
P18        Variable Rate Mortgage - 8% Cashback             GF               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
P19        Variable Rate Mortgage - 7% Cashback             GG               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
P20        Variable Rate Mortgage - 7% Cashback             GH               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
P21        Variable Rate Mortgage - 6% Cashback             GI               From 13 Apr 1999
----------------------------------------------------------------------------------------------------------------
P22        Variable Rate Mortgage - 8% Cashback             GT               From 16 Jun 1999
----------------------------------------------------------------------------------------------------------------
P23        Variable Rate Mortgage - 7% Cashback             GU
----------------------------------------------------------------------------------------------------------------
P24        Variable Rate Mortgage - 7% Cashback             JG               From 28 Jul 1999
----------------------------------------------------------------------------------------------------------------
P25        Variable Rate Mortgage - 6% Cashback             JN               From 29 Aug 1999
----------------------------------------------------------------------------------------------------------------
P26        Variable Rate Mortgage - 7% Cashback             JQ               From 29 Sep 1999
                                                                             [Other dates?]
----------------------------------------------------------------------------------------------------------------
P27        Variable Rate Mortgage - 6% Cashback             JR               From 29 Sep 1999
                                                                             [Other dates?]
----------------------------------------------------------------------------------------------------------------
P28        Variable Rate Mortgage - 5% Cashback             JS               From 29 Sep 1999
                                                                             [Other dates?]
----------------------------------------------------------------------------------------------------------------
P29        Variable Rate Mortgage - 7% Cashback             JU               From 04 Jan 2000
----------------------------------------------------------------------------------------------------------------
P30        Variable Rate Mortgage 6% Cashback                                From 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
Q          Special Conditions for Tracker, CAT Standard,
           Capped and Discount for Life Mortgages (used
           with Offer of Advance)
----------------------------------------------------------------------------------------------------------------
Q1         Discount for Life Variable Rate Mortgage         X9 and X0
----------------------------------------------------------------------------------------------------------------
Q2         Discount for Life Variable Rate Mortgage         1X and 2X
----------------------------------------------------------------------------------------------------------------
Q3         Discount for Life Variable Rate Mortgage         3X and 4X
----------------------------------------------------------------------------------------------------------------
Q4         Discount for Life Variable Rate Mortgage         5X and 6X
----------------------------------------------------------------------------------------------------------------
Q5         Discount for Life Variable Rate Mortgage         7X and 8X
----------------------------------------------------------------------------------------------------------------
Q6         Capped Variable Rate Mortgage                    CB
----------------------------------------------------------------------------------------------------------------
Q7         Discount for Life Variable Rate Mortgage         L1 and L2
----------------------------------------------------------------------------------------------------------------
Q8         Discount for Life Variable Rate Mortgage         L3 and L4
----------------------------------------------------------------------------------------------------------------
Q9         Discount for Life Variable Rate Mortgage         L5 and L6
----------------------------------------------------------------------------------------------------------------
Q10        Discount for Life Variable Rate Mortgage         L7 and L8
----------------------------------------------------------------------------------------------------------------
Q11        Discount for Life Variable Rate Mortgage         1L and 2L
----------------------------------------------------------------------------------------------------------------
Q12        Discount for Life Variable Rate Mortgage         3L and 4L
----------------------------------------------------------------------------------------------------------------
Q13        Discount for Life Variable Rate Mortgage         5L and 6L
----------------------------------------------------------------------------------------------------------------
Q14        4 year Capped Variable Rate Mortgage             EG
----------------------------------------------------------------------------------------------------------------
Q15        4 year Capped Variable Rate Mortgage             EF
----------------------------------------------------------------------------------------------------------------
Q16        4 year Capped Variable Rate Mortgage             ER
----------------------------------------------------------------------------------------------------------------
Q17        Discount for Life Variable Rate Mortgage         8L
----------------------------------------------------------------------------------------------------------------

                                      48
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
Q18        4 year Capped Variable Rate Mortgage             EQ
----------------------------------------------------------------------------------------------------------------
Q19        4 year Capped Variable Rate Mortgage             EQ
----------------------------------------------------------------------------------------------------------------
Q20        Equity Release Capped Variable Rate Mortgage     YB
----------------------------------------------------------------------------------------------------------------
Q21        5 year Capped Variable Rate Mortgage             EY
----------------------------------------------------------------------------------------------------------------
Q22        Discount for Life Variable Rate Mortgage         9L and 0L
----------------------------------------------------------------------------------------------------------------
Q23        Discount for Life Variable Rate Mortgage         DX
----------------------------------------------------------------------------------------------------------------
Q24        Discount for Life Variable Rate Mortgage         DY
----------------------------------------------------------------------------------------------------------------
Q25        Discount for Life Variable Rate Mortgage         DX and DY
----------------------------------------------------------------------------------------------------------------
Q26        Discount for Life Variable Rate Mortgage         HG
----------------------------------------------------------------------------------------------------------------
Q27        Discount for Life Variable Rate Mortgage         HH
----------------------------------------------------------------------------------------------------------------
Q28        Discount for Life Variable Rate Mortgage         HQ
----------------------------------------------------------------------------------------------------------------
Q29        Discount for Life Variable Rate Mortgage         HV
----------------------------------------------------------------------------------------------------------------
Q30        Tracker Variable Rate Mortgage                   YT
----------------------------------------------------------------------------------------------------------------
Q31        Tracker Variable Rate Mortgage                   YU
----------------------------------------------------------------------------------------------------------------
Q32        Tracker Variable Rate Mortgage                   YW
----------------------------------------------------------------------------------------------------------------
Q33        Tracker Variable Rate Mortgage                   YX
----------------------------------------------------------------------------------------------------------------
Q34        Discount for Life Variable Rate Mortgage         JP
----------------------------------------------------------------------------------------------------------------
Q35        2 year Capped Variable Rate Mortgage             MV
----------------------------------------------------------------------------------------------------------------
Q36        2 year Capped Variable Rate Mortgage             MW
----------------------------------------------------------------------------------------------------------------
Q37        Discount for Life Variable Rate Mortgage         HR
----------------------------------------------------------------------------------------------------------------
Q38        2 year Capped Variable Rate Mortgage             EM
----------------------------------------------------------------------------------------------------------------
Q39        CAT Standard Variable Mortgage                   [SJB/08/11/00]   [Query the reference]
----------------------------------------------------------------------------------------------------------------
Q40        2 year Tracker Variable Rate Mortgage            ER               ?
----------------------------------------------------------------------------------------------------------------
Q41        CAT Standard Variable Mortgage                                    from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
Q42        2 year Flexible Fixed (extending Early Repayment                  from 9 Jan 2003
           Charge)
----------------------------------------------------------------------------------------------------------------
Q43        2 year Flexible Fixed (extending Early Repayment                  from 9 Jan 2003
           Charge - no Help with Costs option)
----------------------------------------------------------------------------------------------------------------
Q44        2 year Flexible Fixed                                             from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
Q45        2 year Flexible Fixed (no Help with Costs option)                 from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
Q46        3 year Flexible Fixed                                             from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
Q47        5 year Flexible Fixed                                             from 9 Jan 2003
----------------------------------------------------------------------------------------------------------------
Q48        Help with Costs Special Condition Wording (2
           versions)
----------------------------------------------------------------------------------------------------------------
R          Credit/Loan Agreements
----------------------------------------------------------------------------------------------------------------
R1         Credit Agreement Regulated by the Consumer       ACR1A/1097 on    From Oct 1997
           Credit Act 1974 - Flexible Plan                  "Original"
           ("Original" and "Copy" versions each with        ACR1B/1097 on
           Conditions on the reverse)                       "Copy"
           Northern Rock plc                                ACR1Z/1097 on
           [Used for Flexible Plan Loans up to              Conditions
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------

                                      49
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
R2         Copy of Proposed Agreement Containing Your Right ACR1Z/1097 on    From Oct 1997
           to Withdraw - Flexible Plan                      "Conditions"
           (including Conditions on the reverse)
           Northern Rock plc
           [Used for Flexible Plan Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------
R3         Loan Agreement - Flexible Plan                   [ACR2A/1097 on   From Oct 1997
           (including Conditions on the reverse)            "Original" /     [Check reference of "Original"]
           Northern Rock plc                                "Copy"?]
           [Used for Flexible Plan Loans over               ACR2Z/1097 on
            (pound)25,000]                                  "Conditions"
----------------------------------------------------------------------------------------------------------------
R4         Credit Agreement Regulated by the Consumer       ADV135 10/97 on  From Oct 1997
           Credit Act 1974 - Personal Secured Loan          "Original" and
           ("Original" and "Copy" versions each with        "Copy"
           Conditions on the reverse)                       no ref on
           Northern Rock plc                                "Conditions")
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------
R5         Copy of Proposed Credit Agreement Containing     ADV135 10/97 on  From Oct 1998
           Notice of Your Right to Withdraw - Personal      "Advance Copy"
           Secured Loan                                     no ref on
           ("Advance Copy" version including Conditions on  "Conditions")
           the reverse) Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------
R6         Credit Agreement Regulated by the Consumer       ADV135 10/97 on  From Feb 1998
           Credit Act 1974 - Personal Secured Loan          "Original" and
           ("Original" and "Copy" versions each with        "Copy"
           Conditions on the reverse)                       ADV135 /02.98 on
           Northern Rock plc                                "Conditions")
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------
R7         Credit Agreement Regulated by the Consumer       MAR 126 6/98 on  From Jun 1998
           Credit Act 1974                                  "Original" and
           ("Original" and "Copy" versions including        "Copy" no ref on
           Conditions on the reverse)                       "Conditions"
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Fixed Rate]
----------------------------------------------------------------------------------------------------------------
R8         Copy of Proposed Credit Agreement Containing     MAR 126 6/98 on  From Jun 1998
           Notice of Your Right to Withdraw                 "Advance Copy"
           ("Advance Copy" version including Conditions on  no ref on
           the reverse) Northern Rock plc                   "Conditions"
           [Used for Personal Secured Loans up to
           (pound)25,000 - Fixed Rate]
----------------------------------------------------------------------------------------------------------------
R9         Copy of Proposed Agreement Containing Your Right ACR2A/1097 on    From Mar 2000
           to Withdraw - Flexible Plan                      "Original"
           (including Conditions on the reverse)            ACR2Z/0300 on
           Northern Rock plc                                "Conditions"
           [Used for Flexible Plan Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------

                                      50
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
R10        Credit Agreement Regulated by the Consumer       MAR 126 4/00 on  From Apr 2000
           Credit Act 1974                                  "Original" no
           ("Original" version including Conditions on the  ref on
           reverse)                                         "Conditions"
           Northern Rock plc [Used for Personal Secured
           Loans up to (pound)25,000 - Fixed Rate]
----------------------------------------------------------------------------------------------------------------
R11        Credit Agreement Regulated by the Consumer       CA135A/0900 on   From Sep 2000
           Credit Act 1974                                  "Original"
           ("Original" and "Copy" versions each with        CA135B/0900 on
           Conditions on the reverse)                       "Copy"
           Northern Rock plc                                CA135Z/0900 on
           [Used for Personal Secured Loans up to           "Conditions"
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------
R12        Copy of Proposed Agreement Containing Notice of  CA135C/0900 on   From Sep 2000
           Your Right to Withdraw                           "Advance Copy"
           ("Advance Copy" version with Conditions on the   CA135Z/0900 on
           reverse)                                         "Conditions"
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------
R13        Credit Agreement Regulated by the Consumer       CA126A/0900 on   From Sep 2000
           Credit Act 1974                                  "Original"
           ("Original" and "Copy" versions each with        CA126B/0900 on
           Conditions on the reverse)                       "Copy"
           Northern Rock plc                                CA126Z/0900 on
           [Used for Personal Secured Loans -               "Conditions"
           Variable Rate]
----------------------------------------------------------------------------------------------------------------
R14        Copy of Proposed Agreement Containing Notice of  CA126C/0900 on   From Sep 2000
           Your Right to Withdraw                           "Advance Copy"
           ("Advance Copy" version with Conditions on the   CA126Z/0900 on
           reverse)                                         "Conditions"
           Northern Rock plc
           [Used for Personal Secured Loans -
           Variable Rate]
----------------------------------------------------------------------------------------------------------------
R15        Credit Agreement Regulated by the Consumer       ACR1A/1000 on    From Oct 2000
           Credit Act 1974 - Flexible Plan                  "Original"
           ("Original" and "Copy" versions each with        ACR1B/1097 on
           Conditions on the reverse)                       "Copy"
           Northern Rock plc                                ACR1Z/1097 on
           [Used for Flexible Plan Loans up to              "Conditions"
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------
R16        Loan Agreement - Flexible Plan                   ACR2B/1000 on    From Oct 2000
           ("Original" version with Conditions on the       "Original"
           reverse)                                         ACR2Z/1000 on
           Northern Rock plc                                "Conditions"
           [Used for Flexible Plan Loans over
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------
R17        Loan Agreement - Flexible Plan                   ACR2C/1000 on    From Oct 2000
           ("Original" version with Conditions on the       "Original"
           reverse)                                         ACR2Z/1000 on
           Northern Rock plc                                "Conditions"
           [Used for Flexible Plan Loans over
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------
R18        Credit Agreement - Regulated by the Consumer     CA13Z            Jan 2003
           Credit Act 1974 attaching Conditions (English
           Fixed Sum Plan Variable Rate Secured Personal
           Loan)
----------------------------------------------------------------------------------------------------------------

                                      51
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
R19        Credit Agreement Regulated by the Consumer       CA1Z6Z           Jan 2003
           Credit Act 1974 attaching Conditions
----------------------------------------------------------------------------------------------------------------
R20        Credit Agreement Regulated by the Consumer       ACR1Z            Jan 2003
           Credit Act 1974 attaching Conditions
----------------------------------------------------------------------------------------------------------------
R21        Loan Agreement attaching Conditions              ACR2Z            Jan 2003
----------------------------------------------------------------------------------------------------------------
R22        Credit Agreement Regulated by the CCA 1974       ADV13506/95                                Jun 1995
----------------------------------------------------------------------------------------------------------------
R23        Loan Agreement (Flexible Plan) (with Terms and   ADVCR2                                     Jul 1995
----------------------------------------------------------------------------------------------------------------
R24        Credit Agreement Regulated by the CCA 1974       ACR1 07/96                                 Jul 1996
----------------------------------------------------------------------------------------------------------------
R25        Fixed-sum loan agreement regulated by the        283626991                                7 Jun 2005
           Consumer Credit Act 1974 secured on 2 Creswell   05550D-22226
           Terrace, Uddingston, Glasgow
           ("Original" version with Conditions attached)
           Northern Rock plc
           [Used for Personal Secured Loans - Annual Rest]
----------------------------------------------------------------------------------------------------------------
R26        Fixed-sum loan agreement regulated by the                                                 7 Jun 2005
           Consumer Credit Act 1974 secured on 28
           Wynfarthing Court, Ship Lane, Ely,
           Cambridgeshire, CB7 4EZ
           ("Original" version with Conditions attached)
           Northern Rock plc
           [Used for Personal Secured Loans - Annual Rest
           - Flexible Plan]
----------------------------------------------------------------------------------------------------------------
S          Mortgage Deeds - General
----------------------------------------------------------------------------------------------------------------
S1         Mortgage Deed (HMLR filing ref MD 144 E)         SEC 8/11.93      From Nov 1993
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
S2         Mortgage Deed (HMLR filing ref MD 144 F)         SEC 8/06.95      From Jun 1995
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------
S3         Mortgage Deed (HMLR filing ref MD542A)           SEC 8T /08.97    From Aug 1997
           Northern Rock Building Society/
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
S4         Mortgage Deed (HMLR filing ref MD542A)           SEC 8 /10.97     From Oct 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
S5         Mortgage Deed (HMLR filing ref MD542B)           SEC 8 /10.97     From Oct 1997
           Northern Rock plc [Old logo]
----------------------------------------------------------------------------------------------------------------
S6         Mortgage Deed (HMLR filing ref MD542B)           SEC 8 /10.97     From Oct 1997
           Northern Rock plc [New logo]
----------------------------------------------------------------------------------------------------------------
S7         Mortgage Deed (HMLR filing ref MD691A)           SEC 070 07/01    From Jul 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
S8         Mortgage Deed - Standard (HMLR filing ref MD691D)SOL 11 07/01     From Jul 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
T          Mortgage Deeds - Specialist
----------------------------------------------------------------------------------------------------------------
T1         Mortgage Deed (HMLR filing ref MD 144 G)         SEC 54/06/95     From Jun 1995
           Northern Rock Building Society
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------

                                      52
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
T2         Mortgage Deed (relating to a Regulated Agreement SEC 52/06/95     From Jun 1995
           under the Consumer Credit Act 1974)
           (HMLR filing ref MD 144 H)
           Northern Rock Building Society
           [Used for Flexible Plan CCA Loans]
----------------------------------------------------------------------------------------------------------------
T3         Mortgage Deed (HMLR filing ref MD 144 J)         SEC 44/06/95     From Jun 1995
           Northern Rock Building Society
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------
T4         Mortgage Deed (relating to a Regulated           SEC 52. 10/97    From Oct 1997
           Agreement under the Consumer Credit Act 1974)
           (HMLR filing ref MD 542 M)
           Northern Rock plc
           [Used for Flexible Plan CCA Loans]
----------------------------------------------------------------------------------------------------------------
T5         Mortgage Deed (HMLR filing ref MD 542 L)         SEC 44. 10/97    From Oct 1997
           Northern Rock plc
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------
T6         Mortgage Deed (HMLR filing ref 542 N)            SEC 54. 10/97    From Oct 1997
           Northern Rock plc
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------
T7         Deed of Variation of Mortgage and Receipt for    SEC 40. 10/97    From Oct 1997
           Further Advance (HMLR filing ref MD 542 P)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
T8         Mortgage Deed (HMLR filing ref MD542 N)          SEC 54. 04.98    From Apr 1998
           Northern Rock plc
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------
T9         Mortgage Deed (relating to a Regulated           SEC 52. 03/00    From Mar 2000
           Agreement under the Consumer Credit Act 1974)
           (HMLR filing ref MD 542 M) Northern Rock plc
           [Used for Flexible Plan CCA Loans]
----------------------------------------------------------------------------------------------------------------
T10        Mortgage Deed (HMLR filing ref MD 542L)          MD2/0900 on      From Sep 2000
           Northern Rock plc                                cover and
           [Used for Flexible Plan - Non-CCA Loans]         MD2B/0900 on
                                                            reverse
----------------------------------------------------------------------------------------------------------------
T11        Mortgage Deed (relating to a Regulated Agreement MD1/0900 on      From Sep 2000
           under the Consumer Credit Act 1974)              cover and
           (HMLR filing ref MD 542 M)                       MD1B/0900 on
           Northern Rock plc                                reverse
           [Used for Flexible Plan CCA Loans]
----------------------------------------------------------------------------------------------------------------
T12        Mortgage Deed (HMLR filing ref MD 542 N)         MD3/0900         From Sep 2000
           Northern Rock plc
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------
T13        Deed of Variation of Mortgage and Receipt for    SOL005 09/00     From Sep 2000.  Not used by
           Further Advance (HMLR filing ref MD 542 X)                        further advance dept.  Used by
           Northern Rock plc                                                 product transfer dept. where borrower is switching
                                                                             product and increasing borrowing at same time (only
                                                                             used on older forms of mortgage conditions switching
                                                                             from annual rest mortgage to a daily rest version.
----------------------------------------------------------------------------------------------------------------

                                      53
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
T14        Deed of Variation of Mortgage and Receipt for    SOL008 09/00     From Sep 2000.  Not used by further
           Further Advance (HMLR filing ref MD 542 Y)                        advance dept.  Used by product
           Northern Rock plc                                                 transfer dept. where borrower is
                                                                             switching product and increasing
                                                                             borrowing at same time (only used on
                                                                             older forms of mortgage conditions
                                                                             switching from annual rest mortgage
                                                                             to a daily rest version.
----------------------------------------------------------------------------------------------------------------
T15        Deed of Variation of Mortgage and Receipt for    SEC071 July 2001 From Jul 2001
           Further Loan (HMLR filing ref MD 691 B)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
T16        Deed of Variation of Mortgage and Receipt for    SOL012/ July 2001From Jul 2001
           Further Loan (With Guarantor) (HMLR filing ref
           MD 691 C)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
</TABLE>

               Part 3 Documents Used Only in the Origination of
                  Together and Together Connections Mortgages
<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>               <C>
U          Brochures
----------------------------------------------------------------------------------------------------------------
U1         [Picture of Two Forks on cover - 1] [Together]  MAR 172 2.99      From Feb 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U2         [Picture of Two Forks on cover - 1] [Together]  MAR 189 3.99      From Mar 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U3         [Picture of Two Forks on cover - 2] [Together]  MAR 237 14.6.99   From Jun 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U4         together flexible - one loan one rate one call  MAR 272/9255      From Sep 1999
           [Together Flexible]                             15.9.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U5         together flexible - one loan one rate one call  MAR 273/9255      From Sep 1999
           -all you need to know [Together Flexible]       15.9.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U6         take control of your money and get more out of  MAR 305/9511      From Dec 1999
           life - together [Together]                      20.12.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U7         all you need to know - together [Together]      MAR 303/9511      From Dec 1999
           Northern Rock plc                               20.12.99
----------------------------------------------------------------------------------------------------------------
U8         together - a guide to costs [Together]          MAR 174 2.99      From Feb 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U9         [all you need to know - together] [Picture of   MAR 173 2.99      From Feb 1999
           intertwined flowers on cover] [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U10        together - a guide to costs [Together]          MAR 190 3.99      From Mar 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U11        [all you need to know - together] [Picture of   MAR 192 3.99      From Mar 1999
           intertwined flowers on cover] [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      54
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
U12        together - a guide to costs [Together]          MAR 238 14.6.99   From Jun 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U13        [all you need to know - together] [Picture of   MAR 239 16.6.99   From Jun 1999
           intertwined flowers on cover] [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U14        together - a guide to costs [Together]          MAR 302/9511      From Dec 1999
           Northern Rock plc                               20.12.99
----------------------------------------------------------------------------------------------------------------
U15        together flexible - a guide to costs [Together  MAR 275/9255      From Sep 1999
           Flexible]                                       15.9.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U16        together - variable at only 6.6.9%pa 7.6%APR    MAR 306/9657      From Jan 2000
                                                           17.1.2000
----------------------------------------------------------------------------------------------------------------
U17        What is it going to cost? [Together]            MAR 302/9662      From Mar 2000
           Northern Rock plc                               4.3.2000
----------------------------------------------------------------------------------------------------------------
U18        How does it work? [Together]                    MAR 303/9662      From Mar 2000
           Northern Rock plc                               4.3.2000
----------------------------------------------------------------------------------------------------------------
U19        I want it all [Together]                        MAR 305/9662      From Mar 2000
           Northern Rock plc                               4.3.2000
----------------------------------------------------------------------------------------------------------------
U20        What is it going to cost? [Together]            MAR 302/10028     From Apr 2000
           Northern Rock plc                               27.4.2000
----------------------------------------------------------------------------------------------------------------
U21        I want it all [Together]                        MAR 305/10028     From Apr 2000
           Northern Rock plc                               27.4.2000
----------------------------------------------------------------------------------------------------------------
U22        What is it going to cost? [Together]            MAR 302/10329     From Aug 2000
           Northern Rock plc                               4.8.2000
----------------------------------------------------------------------------------------------------------------
U23        How does it work? [Together]                    MAR303/10141      From Aug 2000
           Northern Rock plc                               4.8.2000
----------------------------------------------------------------------------------------------------------------
U24        I want it all [Together]                        MAR 305/10328     From Aug 2000
           Northern Rock plc                               4.8.2000
----------------------------------------------------------------------------------------------------------------
U25        What is it going to cost? [Together]            MAR 302/10521     From Oct 2000
           Northern Rock plc                               2.10.2000
----------------------------------------------------------------------------------------------------------------
U26        What is it going to cost? [Together]            MAR 302/10715     From Nov 2000
           Northern Rock plc                               22.11.2000
----------------------------------------------------------------------------------------------------------------
U27        How does it work? [Together]                    MAR 303/10716     From Nov 2000
           Northern Rock plc                               22.11.2000
----------------------------------------------------------------------------------------------------------------
U28        I want it all [Together]                        MAR 305/10717     From Nov 2000
           Northern Rock plc                               22.11.2000
----------------------------------------------------------------------------------------------------------------
U29        I want it all [Together]                        MAR 305/10953     From Feb 2001
           Northern Rock plc                               1.2.2001
----------------------------------------------------------------------------------------------------------------
U30        What is it going to cost? [Together]            MAR 302/10999     From Feb 2001
           Northern Rock plc                               12.2.2001
----------------------------------------------------------------------------------------------------------------
U31        How does it work? [Together]                    MAR 303/11069     From Mar 2001
           Northern Rock plc                               1.3.2001
----------------------------------------------------------------------------------------------------------------
U32        Together what is it going to cost? 6th April    MAR 302 6.4.2001  From Apr 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U33        I want it all [Together]                        MAR 305/11172     From Apr 2001
           Northern Rock plc                               6.4.2001
----------------------------------------------------------------------------------------------------------------
U34        What's it going to cost? [Together Connections] MAR 418/10935     From May 2001
           Northern Rock plc                               1.5.2001
----------------------------------------------------------------------------------------------------------------

                                      55
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
U35        OK Shrink My Mortgage [Together Connections]    MAR 419/10935     From May 2001
           Northern Rock plc                               1.5.2001
----------------------------------------------------------------------------------------------------------------
U36        Together what is it going to cost? 10th May     MAR 302 10.5.2001 From May 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U37        What's it going to cost? [Together Connections] MAR 418/11282     From May 2001
           Northern Rock plc                               10.5.2001
----------------------------------------------------------------------------------------------------------------
U38        How does it work? [Together]                    MAR 303/11290     From May 2001
           Northern Rock plc                               10.5.2001
----------------------------------------------------------------------------------------------------------------
U39        I want it all [Together]                        MAR 305/11289     From May 2001
           Northern Rock plc                               10.5.2001
----------------------------------------------------------------------------------------------------------------
U40        Now Things Get Really Interesting [Together     MAR 437/11251     From Jun 2001
           Connections]                                    01.6.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U41        Together what is it going to cost? 22nd June    MAR 302 22.6.2001 From Jun 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U42        What's it going to cost? [Together Connections] MAR 418/11457     From Jun 2001
           Northern Rock plc                               22.6.2001
----------------------------------------------------------------------------------------------------------------
U43        Together what is it going to cost? 2nd August   MAR 302 2.8.2001  From Aug 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U44        What's it going to cost? [Together Connections] MAR 418/11593     From Aug 2001
           Northern Rock plc                               2.8.2001
----------------------------------------------------------------------------------------------------------------
U45        How does it work? [Together]                    MAR 303/11577     From Aug 2001
           Northern Rock plc                               2.8.2001
----------------------------------------------------------------------------------------------------------------
U46        OK Shrink My Mortgage [Together Connections]    MAR 419/11578     From Aug 2001
           Northern Rock plc                               2.8.2001
----------------------------------------------------------------------------------------------------------------
U47        I want it all [Together]                        MAR 305/11603     From Aug 2001
           Northern Rock plc                               7.8.2001
----------------------------------------------------------------------------------------------------------------
U48        Together what is it going to cost? 3rd          MAR 302 3.9.2001  From Sep 2001
           September 2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U49        What's it going to cost? [Together Connections] MAR 418/11706     From Sep 2001
           Northern Rock plc                               3.9.2001
----------------------------------------------------------------------------------------------------------------
U50        How does it work? [Together]                    MAR 303/11756     From Sep 2001
           Northern Rock plc                               10.9.2001
----------------------------------------------------------------------------------------------------------------
U51        OK Shrink My Mortgage [Together Connections]    MAR 419/11758     From Sep 2001
           Northern Rock plc                               10.9.2001
----------------------------------------------------------------------------------------------------------------
U52        I want it all [Together]                        MAR 305/11756     From Sep 2001
           Northern Rock plc                               10.9.2001
----------------------------------------------------------------------------------------------------------------
U53        Together what is it going to cost? 19th         MAR 302 19.9.2001 From Sep 2001
           September 2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U54        What's it going to cost? [Together Connections] MAR 418/11706     From Sep 2001
           Northern Rock plc                               19.9.2001
----------------------------------------------------------------------------------------------------------------

                                      56
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
U55        Together what is it going to cost? 4th October  MAR 302 4.10.2001 From Oct 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U56        What's it going to cost? [Together Connections] MAR 418/11706     From Oct 2001
           Northern Rock plc                               4.10.2001
----------------------------------------------------------------------------------------------------------------
U57        Together what is it going to cost? 8th November MAR 302 8.11.2001 From Nov 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U58        What's it going to cost? [Together Connections] MAR 418/11706     From Nov 2001
           Northern Rock plc                               8.11.2001
----------------------------------------------------------------------------------------------------------------
U59        Together what is it going to cost? 5th December MAR 302 5.12.2001 From Dec 2001
           2001 [Together]
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U60        What's it going to cost? [Together Connections] MAR 418/11706     From Dec 2001
           Northern Rock plc                               5.12.2001
----------------------------------------------------------------------------------------------------------------
U61        How does it work? [Together]                    MAR 303/12190     From Jan 2002
           Northern Rock plc                               8.1.2002
----------------------------------------------------------------------------------------------------------------
U62        I need cash with my mortgage [Together]         MAR 522/12343     From Mar 2002
                                                           11.03.2002
----------------------------------------------------------------------------------------------------------------
U63        Options for your together connections Mortgage  MAR 472/12369     From Mar 2002
           [Together Connections]                          15.3.2002
----------------------------------------------------------------------------------------------------------------
U64        Together - what's it going to cost [Together]   MAR 302 20.3.2002 From Mar 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U65        Together - what's it going to cost [Together]   MAR 302 10.5.2002 From May 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U66        Together - what's it going to cost [Together]   MAR 302 26.7.2002 From Jul 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U67        Together - what's it going to cost [Together]   MAR 302 06.8.2002 From Aug 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U68        i want to shrink my mortgage [Together          MAR 419/12891     From Aug 2002
           Connections]                                    30.8.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U69        What's it going to cost? [Together Connections] MAR 418/11706     From Aug 2002
           Northern Rock plc                               30.8.2002
----------------------------------------------------------------------------------------------------------------
U70        Together - what's it going to cost [Together]   MAR 302 30.8.2002 From Aug 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
U71        I need cash with my mortgage [Together]         MAR 522/12892     From Aug 2002
                                                           30.08.2002
----------------------------------------------------------------------------------------------------------------
U72        What's it going to cost? [Together Connections] MAR 418/11706     From Oct 2002
           Northern Rock plc                               21.10.2002
----------------------------------------------------------------------------------------------------------------
U73        Together - what's it going to cost [Together]   MAR 302           From Oct 2002
           Northern Rock plc                               21.10.2002
----------------------------------------------------------------------------------------------------------------
U74        What's it going to cost? [Together Connections] MAR 418/11706     From Nov 2002
           Northern Rock plc                               08.11.2002
----------------------------------------------------------------------------------------------------------------
U75        Together - what's it going to cost [Together]   MAR 302           From Nov 2002
           Northern Rock plc                               08.11.2002
----------------------------------------------------------------------------------------------------------------
U76        I want to shrink my mortgage                    MAR 625/13245     From 27 Nov 2002
           [Connections]
----------------------------------------------------------------------------------------------------------------

                                      57
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
U77        What's it going to cost?                        MAR 630/13245     From 27 Nov 2002
           [Connections]                                   27.11.2002
----------------------------------------------------------------------------------------------------------------
U78        What's it going to cost?                        MAR 630/13499     From 10 Jan 2003
           [Connections]                                   10.01.2003
----------------------------------------------------------------------------------------------------------------
U79        Together - what's it going to cost [Together]   MAR 302           From 10 Jan 2003
           Northern Rock plc                               10.01.2003
----------------------------------------------------------------------------------------------------------------
U80        Together - what's it going to cost [Together]   MAR 302           From 8 Feb 2003
           Northern Rock plc                               08.02.2003
----------------------------------------------------------------------------------------------------------------
U81        I need cash with my mortgage [Together]         MAR522/13728      Valid until further notice -
                                                           1.5.2003          1.5.2003
----------------------------------------------------------------------------------------------------------------
U82        What's it going to cost?                        MAR302/           Valid until further notice -
                                                           8.8.2003          8.8.2003
----------------------------------------------------------------------------------------------------------------
U83        I need cash with my mortgage                    MAR 522/13550     Valid until further notice
                                                                             1 Mar 2003
----------------------------------------------------------------------------------------------------------------
U84        What's it going to cost?                        MAR 302           Valid until further notice
                                                                             9 Sep 2003
----------------------------------------------------------------------------------------------------------------
U85        What's it going to cost?                        MAR 302           Valid until further notice
                                                                             14 Sep 2003
----------------------------------------------------------------------------------------------------------------
U86        What's it going to cost?                        MAR 691           Valid until further notice 14 Oct
                                                                             2003
----------------------------------------------------------------------------------------------------------------
U87        What's it going to cost?                        MAR 302           Valid until further notice 14 Oct
                                                                             2003
----------------------------------------------------------------------------------------------------------------
U88        I need cash with my mortgage                    MAR 522/14518     Valid until further notice 1 Nov
                                                                             2003
----------------------------------------------------------------------------------------------------------------
U89        What's it going to cost?                        MAR 302           Valid until further notice 17 Nov
                                                                             2003
----------------------------------------------------------------------------------------------------------------
U90        What's it going to cost?                        MAR 302           Valid until further notice 9 Dec
                                                                             2003
----------------------------------------------------------------------------------------------------------------
U91        What's it going to cost?                        MAR 302           Valid until further notice 17 Dec
                                                                             2003
----------------------------------------------------------------------------------------------------------------
U92        What's it going to cost?                        MAR 302           Valid until further notice 20 Jan
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U93        I need cash with my mortgage                    MAR 522A/14812    Valid until further notice 20 Jan
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U94        What's it going to cost?                        MAR 302           Valid until further notice 16 Feb
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U95        What's it going to cost?                        MAR 691           Valid until further notice 9 Mar
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U96        What's it going to cost?                        MAR 302           Valid until further notice 25 Mar
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U97        What's it going to cost?                        MAR 693           Valid until further notice 25 Mar
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U98        I need cash with my mortgage                    MAR 522/15006     Valid until further notice 16 Apr
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U99        What's it going to cost?                        MAR 691           Valid until further notice 12 May
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U100       What's it going to cost?                        MAR 691           Valid until further notice 2 Jun
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U101       What's it going to cost?                        MAR 302           Valid until further notice 2 Jun
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U102       What's it going to cost?                        MAR 691           Valid until further notice 22 Jun
                                                                             2004
----------------------------------------------------------------------------------------------------------------

                                      58
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
U103       What's it going to cost?                        MAR 691           Valid until further notice 9 Jul
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U104       What's it going to cost?                        MAR 302           Valid until further notice 9 Jul
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U105       What's it going to cost?                        MAR 302           Valid until further notice 22 Jul
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U106       What's it going to cost?                        MAR 302           Valid until further notice 16 Aug
                                                                             2004
----------------------------------------------------------------------------------------------------------------
U107       What's it going to cost? [Together]             MAR691            Valid until further notice 16.08.04
           (Countrywide Version)
----------------------------------------------------------------------------------------------------------------
U108       What's it going to cost? [Together]             MAR302            Valid until further notice 11.10.04
----------------------------------------------------------------------------------------------------------------
U109       What's it going to cost? [Together]             MAR302            Valid until further notice 20.10.04
----------------------------------------------------------------------------------------------------------------
V          Mortgage Application Forms
----------------------------------------------------------------------------------------------------------------
V1         Get It Together Application Form - Together     MAR176 2/99       From Feb 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
V2         Get It Together Application Form - Together     MAR198 3/99       From Mar 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
V3         Get It Together Application Form - Together     MAR242 6/99       From Jun 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
V4         Get It Together Application Form - Together     MAR271/9255 and   From Sep 1999
           Flexible                                        9/99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
V5         Get It Together Application Form - Together     MAR304/9511 and   From Dec 1999
           Northern Rock plc                               12/99
----------------------------------------------------------------------------------------------------------------
V6         Get It Together Application Form                MAR304. 6/00      From Jun 2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
           NB From Aug 2002 the Mortgage Application Forms
           from L17 appear to also be used for the
           Together/Together Connections products.
----------------------------------------------------------------------------------------------------------------
W          Together Credit/Loan Agreements
----------------------------------------------------------------------------------------------------------------
W1         Credit Agreement Regulated by the Consumer      DDL1/0299 on      From Feb 1999
           Credit Act 1974 - Drawdown Loan -Original,      Original
           First and Second Copies (each with Terms and    DDL2/0299 on
           Conditions)                                     First Copy
           Northern Rock plc                               DDL3/0299 on
           [Used for Together Flexible Loans up to         Second Copy
           (pound)25,000]                                  DDLB/0299 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W2         Credit Agreement Regulated by the Consumer      TFCA1/1099 on     From Oct 1999
           Credit Act 1974 - Drawdown Loan - Original,     Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TFCA2/1099 on     Flexible Mortgages.
           Conditions)                                     First Copy
           Northern Rock plc                               TFCA3/1099 on
           [Used for Together Flexible Loans up to         Second Copy
           (pound)25,000]                                  TFCAB/1099 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------

                                      59
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
W3         Credit Agreement Regulated by the Consumer      TFIX1/0200 on     From Feb 2000
           Credit Act 1974 - Together Fixed - Original,    Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TFIX2/0200 on     Fixed Mortgages.]
           Conditions on reverse)                          First Copy
           Northern Rock plc                               TFIX3/0200 on
           [Used for Together Fixed Loans up to            Second Copy
           (pound)25,000]                                  TFIXB/0200 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W4         Credit Agreement Regulated by the Consumer      TVCA1/0200 on     From Feb 2000
           Credit Act 1974 - Together Variable - Original, Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TVCA2/0200 on     Variable Mortgages.]
           Conditions on reverse)                          First Copy
           Northern Rock plc                               [TVCA3/0200?] on
           [Used for Together Variable Loans up to         Second Copy
           (pound)25,000]                                  TVCAB/0200 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W5         Credit Agreement Regulated by the Consumer      TVCA1/0200 on     From Jan 2001
           Credit Act 1974 - Together Variable - Original, Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TVCA2/0200 on     Variable Mortgages.]
           Conditions on reverse)                          First Copy
           Northern Rock plc                               [TVCA3/0200?] on
           [Used for Together Variable Loans up to         Second Copy
           (pound)25,000]                                  TVCAB/0101 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W6         Credit Agreement Regulated by the Consumer      TVCA1/0200 on     From May 2001
           Credit Act 1974 - Together Variable - Original, Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TVCA2/0200 on     Variable Mortgages.]
           Conditions on reverse)                          First Copy
           Northern Rock plc                               [TVCA3/0200?] on
           [Used for Together Variable Loans up to         Second Copy
           (pound)25,000]                                  TVCAB/0501 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W7         Credit Agreement Regulated by the Consumer      TVCA1/0200 on     From Aug 2001
           Credit Act 1974 - Together Variable - Original, Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TVCA2/0200 on     Variable Mortgages.]
           Conditions on reverse)                          First Copy
           Northern Rock plc                               [TVCA3/0200?] on
           [Used for Together Variable Loans up to         Second Copy
           (pound)25,000]                                  TVCAB/0801 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W8         Credit Agreement Regulated by the Consumer      TVCA1/0200 on     From Aug 2001
           Credit Act 1974 - Together Variable - Original, Original          [In conjunction with Together
           First Copy and Second Copy (each with Terms and TVCA2/0200 on     Variable Mortgages.]
           Conditions on reverse)                          First Copy
           Northern Rock plc                               [TVCA3/0200?] on
           [Used for Together Variable Loans up to         Second Copy
           (pound)25,000]                                  TVCAB/1001 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W9         Credit Agreement Regulated by the Consumer      CATC/0502 on      From May 2002
           Credit Act 1974 - Drawdown Loan -Original,      Original, First
           First and Second Copies (each with Terms and    Copy, Second
           Conditions)                                     Copy and on
           Northern Rock plc                               Conditions
           [Used for Together Flexible Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------

                                      60
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
W10        Credit Agreement Regulated by the Consumer     ABTC/0802 on       From Aug 2002
           Credit Act 1974 - Together Fixed - Original,   Original, First    [In conjunction with Together
           First Copy and Second Copy (each with Terms    Copy, Second       Fixed Mortgages.]
           and Conditions on reverse) Northern Rock plc   Copy and on
           [Used for Together Fixed Loans up to           Conditions
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------
W11        Credit Agreement Regulated by the Consumer     TVCAB/0902         From Sep 2002
           Credit Act 1974 - Together Variable - Original,on Original, First [In conjunction with Together
           First Copy and Second Copy (each with Terms    Copy, Second       Variable Mortgages.]
           and Conditions on reverse) Northern Rock plc   Copy and on
           [Used for Together Fixed Loans up to           Conditions
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------
W12        Credit Agreement Regulated by the Consumer      03/02 on          From Mar 2002
           Credit Act 1974 - Original, First Copy and      Original, First
           Second Copy                                     Copy and Second
           "MPU" Drawdown Loan Agreement                   Copy
           Northern Rock plc                               CATC/0502 on
                                                           Conditions
----------------------------------------------------------------------------------------------------------------
W13        Credit Agreement Regulated by the Consumer                        From Aug 2002
           Credit Act 1974 - Together Variable - Original,
           First Copy and Second Copy
           "MPU" Unsecured Loan Agreement
           Northern Rock plc
           [Incorporates "where applicable" Together
           Connection Conditions]
----------------------------------------------------------------------------------------------------------------
W14        Credit Agreement Regulated by the Consumer      TFWT/0703         From Jul 2003
           Credit Act 1974 - Together Fixed with Tracker -
           Original, First Copy, Second Copy and Terms and
           Conditions
           Northern Rock plc
           [New version of Together Credit Agreement for
           Fixed Rate with Follow on BOE Tracker - Product
           first introduced 25.7.03.  Runs alongside
           existing Together (Variable & Fixed Rate
           versions) Credit Agreement]
----------------------------------------------------------------------------------------------------------------
W15        Credit Agreement Regulated by the Consumer      DTCAB/0903 on     In conjunction with Together
           Credit Act 1974 - Together Discount Tracker -   Conditions        Connections Conditions.
           Original, First Copy and Second Copy (each with
           Terms and Conditions on reverse)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X          Conditions for Together products
           (including Together Connection Options - eg
           Savings Account Applications/ Agreements etc)
----------------------------------------------------------------------------------------------------------------
X1         Together Variable - Credit Card Application     [  ]              From [   ]
           (with Terms and Conditions on reverse)                            [In conjunction with Together
           Northern Rock plc                                                 Variable Mortgages.
----------------------------------------------------------------------------------------------------------------
X2         Together Variable - Credit Card Application     CV4/1000          From Oct 2000
           (with Terms and Conditions on reverse)                            [In conjunction with Together
           Northern Rock plc                                                 Variable Mortgages.
                                                                             [REQUEST BETTER COPY]
----------------------------------------------------------------------------------------------------------------

                                      61
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
X3         Northern Rock Credit Card Application Form      MAR 151/M9C       From Mar 1999
           (with Terms and Conditions)                     22.3.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X4         Together Connection Conditions                  MAR422 1.5.01     From Jan 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X5         Northern Rock Mortgage Credit Card              [CCL/80A/2]       From Mar 2001
           (with Terms and Conditions on reverse)          (CCL/ATA/2
           Northern Rock plc                               15.3.2001 on
                                                           Conditions)
----------------------------------------------------------------------------------------------------------------
X6         together connections Save Direct Terms and      MAR 435/11676     From May 2001
           Conditions                                      1.5.2001
----------------------------------------------------------------------------------------------------------------
X7         together connections Current Account Terms and  MAR 436/11333     From May 2001
           Conditions                                      1.5.2001
----------------------------------------------------------------------------------------------------------------
X8         Northern Rock Credit Card Application Form      MAR 341 9.7.2001  From Jul 2001
           (with Terms and Conditions on reverse)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X9         Options for Your together connection Mortgage   MAR 472/12369     From Mar 2002
           [leaflet]                                       15.3.2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X10        Together Connection Conditions                  MAR 422 7.8.02    From Aug 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X11        Sample Special Conditions for Together                            From 30 Aug 2002
           Connections Mortgage (incorporating Doc X4 by                     (including New Mortgage Product
           reference)                                                        Statement of Requirements memo)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X12        Sample Special Conditions for Together Mortgage                   From 30 Aug 2002
           (5 Year Flexible Tracker Rate)                                    (including New Mortgage Product
           Northern Rock plc                                                 Statement of Requirements memo)
----------------------------------------------------------------------------------------------------------------
X13        Covering Letter to Borrower enclosing Together
           Connections Options Docs X9 and X23
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X14        Sample Covering Letter to Borrower regarding    31 Oct 2002       Mr P Livingstone and Miss C M Bell
           Completion of a Together Connections Loan                         (App No 10374507)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X15        Sample Special Conditions for Together Variable                   from 9 Jan 2003
           loans
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X16        Sample Special Conditions for Together                            from 9 Jan 2003
           Connections mortgage loans - 5 year discounted
           tracker
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X17        Sample Special Conditions for Together Fixed                      from 9 Jan 2003
           mortgage loans - 2, 3, 5 and 7 year fixed
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X18        Sample Special Conditions for Together                            from 9 Jan 2003
           Exclusives Fixed mortgage loans - 2, 3, 5 and 7 year fixed
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X19        Sample Special Conditions for Together                            from 9 Jan 2003
           Exclusives mortgage loans
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      62
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
X20        Together Connection Conditions                  MAR 631           From Nov 2002
           Northern Rock plc                               27.11.02
----------------------------------------------------------------------------------------------------------------
X21        Together Connection Savings Options Form        MAR 635/1.03      From Jan 2003
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
X22        Connections Terms and Conditions Save Direct    MAR 633/14478
                                                                             Valid until further notice 1 Jan
                                                                             2004
----------------------------------------------------------------------------------------------------------------
X23        Connections Terms and Conditions Current        MAR 634/14478     Valid until further notice 1 Jan
           Account                                                           2004
----------------------------------------------------------------------------------------------------------------
X24        Pro-forma Letter to Borrower regarding
           Completion of a Together Connections Loan                         31 Oct 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
Y          Mortgage Deeds
----------------------------------------------------------------------------------------------------------------
Y1         Mortgage Deed (HMLR filing ref MD 542Q)                           From Feb 1999
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------
Y2         Mortgage Deed (HMLR filing ref MD 542T)         SOL 1             From Oct 1999 ?
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------
Y3         Mortgage Deed (HMLR filing ref MD542Q)                            From Feb 1999
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------
Y4         Mortgage Deed (HMLR filing ref MD542T)          SOL 1             From Oct 1999
           Northern Rock plc [Together Flexible]
----------------------------------------------------------------------------------------------------------------
Y5         Mortgage Deed (HMLR filing ref MD542T)          SOL 1 08/00.      From Aug 2000
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------
Y6         Mortgage Deed (HMLR filing ref MD542Z)          SOL 1 02/01.      From Feb 2001
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------
Z          Supplementary Instructions to Solicitors
----------------------------------------------------------------------------------------------------------------
Z1         [Together Mortgage - Reminder of documents to
           be sent with Report on Title]
----------------------------------------------------------------------------------------------------------------
Z2         [Notice - Unsecured funds not available for     UE1/0700          From Jul 2000
           purchase of property]
----------------------------------------------------------------------------------------------------------------
Z3         "Together" Flexible Loan Drawdown Loan
           Agreement - Addendum to Instructions to
           Solicitors/Licensed Conveyancers
           (with Certificate of Solicitor/Licensed
           Conveyancer on reverse)
----------------------------------------------------------------------------------------------------------------
Z4         "Together" Flexible Loan Drawdown Loan          TFDA/0700         From Jul 2000
           Agreement - Addendum to Instructions to
           Solicitors/Licensed Conveyancers
           (with Certificate of Solicitor/Licensed
           Conveyancer on reverse)
----------------------------------------------------------------------------------------------------------------
Z5         "Together" Loan Drawdown Loan Agreement -       TFDA/0501         From May 2001
           Addendum to Instructions to Solicitors/Licensed
           Conveyancers
           (with Certificate of Solicitor/Licensed
           Conveyancer on reverse)
----------------------------------------------------------------------------------------------------------------
Z6         Loan Drawdown Loan Agreement - Addendum to      A2S/0502          From May 2002
           Instructions to Solicitors/Licensed
           Conveyancers
           (refers to Together Connections Mortgages)
----------------------------------------------------------------------------------------------------------------

                                      63
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
Z7         Drawdown Loan Agreement - Addendum to           A2S/0702          From Jul 2002
           Instructions to Solicitors/Licensed
           Conveyancers
           (refers to Together Connections Mortgages)
----------------------------------------------------------------------------------------------------------------
</TABLE>

                             Part 5 Personal Loans
<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>               <C>

AA         Personal Loans
----------------------------------------------------------------------------------------------------------------
AA1        Personal Loans - An Introduction                DEV 376           From 1 Apr 1996
           Northern Rock Building Society                  01.4.1996
----------------------------------------------------------------------------------------------------------------
AA2        Secured Personal Loans - An Introduction        DEV 456           From 1 Jul 1997
           Northern Rock Building Society                  01.7.1997
----------------------------------------------------------------------------------------------------------------
AA3        NOT USED
----------------------------------------------------------------------------------------------------------------
AA4        Secured Personal Loans - An Introduction        MAR 3             From 1 Oct 1997
           Northern Rock plc                               01.10.1997
----------------------------------------------------------------------------------------------------------------
AA5        Secured Personal Loans - An Introduction        MAR 3             From 15 Dec 1997
           Northern Rock plc                               15.12.1997
----------------------------------------------------------------------------------------------------------------
AA6        Secured Personal Loans - An Introduction        MAR 3             From 12 Feb 1998
           Northern Rock plc                               12.2.1998
----------------------------------------------------------------------------------------------------------------
AA7        Secured Personal Loans - An Introduction        MAR 3/8208        From 1 Jun 1998
           Northern Rock plc                               01.06.1998
----------------------------------------------------------------------------------------------------------------
AA8        Secured Personal Loans - An Introduction        MAR 3/9195        From 20 Aug 1999
           Northern Rock plc                               20.8.1999
----------------------------------------------------------------------------------------------------------------
AA9        Give me the Facts - Secured Loans Explained     MAR 3/9668        From 4 Mar 2000
           Northern Rock plc                               04.3.2000
----------------------------------------------------------------------------------------------------------------
AA10       Give me the Facts - Secured Loans Explained     MAR 3/11279       From 10 May 2001
           Northern Rock plc                               10.5.2001
----------------------------------------------------------------------------------------------------------------
AA11       Secured Loans Explained                         MAR 3/12506       From 4 May 2002
           Northern Rock plc                               04.5.2002
----------------------------------------------------------------------------------------------------------------
AA12       We can fix it - A Secured Personal Loan         MAR 124/8813      From 1 Jun 1998
           Northern Rock plc                               01.6.1998
----------------------------------------------------------------------------------------------------------------
AA13       We can fix it - A Secured Personal Loan         MAR 125/8664      From 22 Jan 1999
           Northern Rock plc                               22.1.1999
----------------------------------------------------------------------------------------------------------------
AA14       We can fix it - A Secured Personal Loan         MAR 125/9459      From 1 Nov 1999
           Northern Rock plc                               01.11.1999
----------------------------------------------------------------------------------------------------------------
AA15       We can fix it - A Secured Personal Loan         MAR 125/9714      From 17 Jan 2000
           Northern Rock plc                               17.1.2000
----------------------------------------------------------------------------------------------------------------
AA16       Let Me Plan Ahead - Secured Loans with a Fixed  MAR 125/11038     From 21 Feb 2001
           Rate                                            21.2.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA17       Let Me Plan Ahead - Secured Loans with a Fixed  MAR 125/11216     From 6 Apr 2001
           Rate                                            06.4.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA18       Let Me Plan Ahead - Secured Loans with a Fixed  MAR 125/11815     From 19 Sep 2001
           Rate                                            19.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      64
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA19       I Want to Plan Ahead - Secured Loans with a     MAR 125/12507     From May 2002
           Fixed Rate                                      May 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA20       Secured Personal Loans - A guide to costs       DEV 220           From 14 Jul 1995
           Northern Rock Building Society                  14.7.1995
----------------------------------------------------------------------------------------------------------------
AA21       Secured Personal Loans - A guide to costs       DEV 220           From 16 Oct 1995
           Northern Rock Building Society                  16.10.1995
----------------------------------------------------------------------------------------------------------------
AA22       Secured Personal Loans - A guide to costs       DEV 220           From 28 Nov 1995
           Northern Rock Building Society                  28.11.1995
----------------------------------------------------------------------------------------------------------------
AA23       Secured Personal Loans - A guide to costs       DEV 220           From 15 Feb 1996
           Northern Rock Building Society                  15.2.1996
----------------------------------------------------------------------------------------------------------------
AA24       Secured Personal Loans - A guide to costs       DEV 376           From 1 Apr 1996
           Northern Rock Building Society                  01.4.1996
----------------------------------------------------------------------------------------------------------------
AA25       Secured Personal Loans - A guide to costs       DEV 377           From 22 Apr 1996
           Northern Rock Building Society                  22.4.1996
----------------------------------------------------------------------------------------------------------------
AA26       Secured Personal Loans - A guide to costs       DEV 377           From 25 Aug 1996
           Northern Rock Building Society                  25.8.1996
----------------------------------------------------------------------------------------------------------------
AA27       Secured Personal Loans - A guide to costs       DEV 377           From 23 Oct 1996
           Northern Rock Building Society                  23.10.1996
----------------------------------------------------------------------------------------------------------------
AA28       Secured Personal Loans - A guide to costs       DEV 377           From 3 Jan 1997
           Northern Rock Building Society                  03.1.1997
----------------------------------------------------------------------------------------------------------------
AA29       Secured Personal Loans - A guide to costs       DEV 377           From 1 Mar 1997
           Northern Rock Building Society                  01.3.1997
----------------------------------------------------------------------------------------------------------------
AA30       Secured Personal Loans - A guide to costs       DEV 377           From 7 Apr 1997
           Northern Rock Building Society                  07.4.1997
----------------------------------------------------------------------------------------------------------------
AA31       Secured Personal Loans - A guide to costs       DEV 377           From 1 May 1997
           Northern Rock Building Society                  01.5.1997
----------------------------------------------------------------------------------------------------------------
AA32       Secured Personal Loans - A guide to costs       DEV 457           From 23 Jul 1997
           Northern Rock Building Society                  23.7.1997
----------------------------------------------------------------------------------------------------------------
AA33       Secured Personal Loans - A guide to costs       DEV 457           From 18 Aug 1997
           Northern Rock plc                               18.8.1997
----------------------------------------------------------------------------------------------------------------
AA34       Secured Personal Loans - A guide to costs       MAR 4             From 1 Oct 1997
           Northern Rock plc                               01.10.1997
----------------------------------------------------------------------------------------------------------------
AA35       Secured Personal Loans - A guide to costs       MAR 4             From 1 Dec 1997
           Northern Rock plc                               01.12.1997
----------------------------------------------------------------------------------------------------------------
AA36       Secured Personal Loans - A guide to costs       MAR 4/8208        From 1 Jun 1998
           Northern Rock plc                               01.6.1998
----------------------------------------------------------------------------------------------------------------
AA37       Secured Personal Loans - A guide to costs       MAR 4/8267        From 3 Jul 1998
           Northern Rock plc                               03.7.1998
----------------------------------------------------------------------------------------------------------------
AA38       Secured Personal Loans - A guide to costs       MAR 4/8748        From 1 Jan 1999
           Northern Rock plc                               01.2.1999
----------------------------------------------------------------------------------------------------------------
AA39       Secured Personal Loans - A guide to costs       MAR 4/9155        From 24 Jul 1999
           Northern Rock plc                               24.7.1999
----------------------------------------------------------------------------------------------------------------
AA40       Secured Personal Loans - A guide to costs       MAR 4/9358        From 1 Oct 1999
           Northern Rock plc                               01.10.1999
----------------------------------------------------------------------------------------------------------------
AA41       Secured Personal Loans - A guide to costs       MAR 4/9680        From 5 Feb 2000
           Northern Rock plc                               05.2.2000
----------------------------------------------------------------------------------------------------------------

                                      65
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA42       Give me the figures - Secured Loan Costs in     MAR 4/9668        From 4 Mar 2000
           Black and White                                 04.3.2000
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA43       Give me the figures - Secured Loan Costs in     MAR 4/11007       From 3 Mar 2001
           Black and White                                 03.3.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA44       Give me the figures - Secured Loan Costs in     MAR 4/11138       From 1 May 2001
           Black and White                                 01.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA45       Give me the figures - Secured Loan Costs in     MAR 4/11313       From 10 May 2001
           Black and White                                 10.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA46       Give me the figures - Secured Loan Costs in     MAR 4/11619       From 1 Sep 2001
           Black and White                                 01.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA47       Give me the figures - Secured Loan Costs in     MAR 4/11814       From 6 Oct 2001
           Black and White                                 06.10.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA48       Give me the figures - Secured Loan Costs in     MAR 4/12015       From 8 Nov 2001
           Black and White                                 08.11.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA49       Give me the figures - Secured Loan Costs in     MAR 4/12449       From 1 Dec 2001
           Black and White                                 01.12.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
AA50       Secured Loans - Costs in Black and White        MAR4/13517        Valid until further notice
           Northern Rock plc                               8.2.03            8.2.03
----------------------------------------------------------------------------------------------------------------
AA51       Secured Personal Loans - A guide to costs       Dev. 220          Valid until further notice
                                                                             1 Jan 95
----------------------------------------------------------------------------------------------------------------
AA52       Flexible borrowing on your mortgage - Secured   Dev. 182          Valid until further notice
           Personal Loans. The Flexible Plan                                 1 Jan 95
----------------------------------------------------------------------------------------------------------------
AA53       Borrowing a fixed amount on your mortgage -     Dev. 181          Valid until further notice
           Secured Personal Loans. The Fixed Sum Plan                        1 Jan 95
----------------------------------------------------------------------------------------------------------------
AA54       Secured Personal Loans - A guide to costs       Dev. 220          Valid until further notice
                                                                             12 Jun 95
----------------------------------------------------------------------------------------------------------------
AA55       Secured Personal Loans - The Flexible Plan      Dev. 182          Valid until further notice
                                                                             12 Jun 95
----------------------------------------------------------------------------------------------------------------
AA56       Secured Personal Loans - The Fixed Sum Plan -   Dev. 181          Valid until further notice
           Hard to Beat                                                      12 Jun 95
----------------------------------------------------------------------------------------------------------------
AA57       Secured Personal Loans - The Fixed Sum Plan -   Dev. 181          Valid until further notice
           Hard to Beat                                                      28 Nov 95
----------------------------------------------------------------------------------------------------------------
AA58       Deed of Variation of Mortgage and Receipt for   SEC40/10.97       Oct 1997
           Further Advance
----------------------------------------------------------------------------------------------------------------
AA59       Deed of Variation of Security and Receipt for   ADV152./10.97     Oct 1997
           Further Advance
----------------------------------------------------------------------------------------------------------------
AA60       Receipt for Further Advance                     ADV60./10.97      Oct 1997
----------------------------------------------------------------------------------------------------------------
AA61       Report on Title (Scotland)                      ADV268./10.97     Oct 1997
----------------------------------------------------------------------------------------------------------------
AA62       Standard Security                               SEC53/10.97       Oct 1997
----------------------------------------------------------------------------------------------------------------

                                      66
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA63       Secured Personal Loans - A guide to costs -     MAR 4/8748        Valid until further notice
           Hard to Beat                                                      1 Feb 99
----------------------------------------------------------------------------------------------------------------
AA64       Mortgage Deed (Flexible Plan) - 3 Copies        MD1/0900          Sep 2000
----------------------------------------------------------------------------------------------------------------
AA65       Mortgage Deed (Flexible Plan) - 3 Copies        MD3/0900          Sep 2000
----------------------------------------------------------------------------------------------------------------
AA66       Changes in Ownership of Mortgaged Property      ADV54.11/00       Nov 2000
----------------------------------------------------------------------------------------------------------------
AA67       Pay Safe - Payment Protection                   MAR8/11165        Valid until further notice
                                                                             1 May 2001
----------------------------------------------------------------------------------------------------------------
AA68       Re-Advance/Further Advance Receipt              SEC37/07.01       Jul 2001
----------------------------------------------------------------------------------------------------------------
AA69       The Mortgage Code - You and your mortgage       03/02             Mar 2002
----------------------------------------------------------------------------------------------------------------
AA70       I want to plan ahead - Secured Loans with a     MAR125/12507      Valid until further notice
           Fixed Rate                                                        4 May 2002
----------------------------------------------------------------------------------------------------------------
AA71       Tell a Friend about our Mortgages and           MAR507/12836      Valid until further notice
           (pound)50 could be yours                                          Jul  2002
----------------------------------------------------------------------------------------------------------------
AA72       Insurance - I need you to be there sometimes    MAR389/12950      Valid until further notice
                                                                             Sep 2002
----------------------------------------------------------------------------------------------------------------
AA73       Loan Agreement (Flexible Plan) - 3 Copies       ACR2Z/0103        Jan 2003
                                                          (ACR2A/1000,
                                                           ACR2B/1000,
                                                           ACR2C/1000)
----------------------------------------------------------------------------------------------------------------
AA74       Credit Agreement Regulated by the Consumer      ACR1Z/0103        Jan 2003
           Credit Act 1974 (Flexible Plan) - 3 Copies     (ACR1A/1000,
                                                           ACR1B/1000,
                                                           ACR1C/1000)
----------------------------------------------------------------------------------------------------------------
AA75       Credit Agreement Regulated by Consumer Credit   ACR3Z/0103        Jan 2003
           Act 1974 - 3 Copies
----------------------------------------------------------------------------------------------------------------
AA76       Secured Loans Explained                         MAR3/13518        Valid until further notice
                                                                             7 Feb 2003
----------------------------------------------------------------------------------------------------------------
AA77       Credit Agreement Regulated by the Consumer      MD1/0900          19 Feb 2003
           Credit Act 1974 (Omiga Flexible Plan) +
           Mortgage Deed
----------------------------------------------------------------------------------------------------------------
AA78       Credit Agreement Regulated by the Consumer      SEC54/04.98       19 Feb 2003
           Credit Act 1974 (Omiga PSL Base) + Mortgage
           Deed
----------------------------------------------------------------------------------------------------------------
AA79       Credit Agreement Regulated by the Consumer      SEC54/04.98       19 Feb 2003
           Credit Act 1974 (Omiga PSL Fixed) + Mortgage
           Deed
----------------------------------------------------------------------------------------------------------------
AA80       Secured Loans - Costs in Black and White        MAR 4/14011       Valid until further notice
                                                                             14 Jul 03
----------------------------------------------------------------------------------------------------------------

                                      67
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA81       Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS01/AG/*
           re. Personal Secured Loan
----------------------------------------------------------------------------------------------------------------
AA82       Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS02/AG/*
           re. Loan Documents for Signature
----------------------------------------------------------------------------------------------------------------
AA83       Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS03/AG/*
           re. Personal Secured Loan
----------------------------------------------------------------------------------------------------------------
AA84       Pro-forma Letter from A Gadomski  re. Further   (PLN)/PERS04/AG/*
           Advance
----------------------------------------------------------------------------------------------------------------
AA85       Form attached to (PLN)/PERS04/AG/*              (PLN)/PERS05/AG/*
----------------------------------------------------------------------------------------------------------------
AA86       Pro-forma Letter from A Gadomski re. Personal   (PLN)/PERS06/AG/*
           Secured Loan
----------------------------------------------------------------------------------------------------------------
AA87       Pro-forma Letter from A Gadomski  re. Personal  (PLN)/PERS06RA/AG/*
           Secured Loan
----------------------------------------------------------------------------------------------------------------
AA88       Pro-forma Letter from A Gadomski re. Personal   (PLN)/PERS07/AG/*
           Secured Loan
----------------------------------------------------------------------------------------------------------------
AA89       Pro-forma Letter from A Gadomski  re.           (PLN)/PERS08/AG/*
           Postponement of Second Charge
----------------------------------------------------------------------------------------------------------------
AA90       Pro-forma Deed of Postponement                  (PLN)/PERS09
----------------------------------------------------------------------------------------------------------------
AA91       Pro-forma Deed of Postponement                  (PLN)/PERS10
----------------------------------------------------------------------------------------------------------------
AA92       Pro-forma Deed of Postponement                  (PLN)/
                                                           PERS10A
----------------------------------------------------------------------------------------------------------------
AA93       Pro-forma Letter from A Gadomski re. Repayment  (PLN)/PERS11/AG/*
           of Loan
----------------------------------------------------------------------------------------------------------------
AA94       Pro-forma Letter from A Gadomski  re. Repayment (PLN)/PERS11A/AG/*
           of Loan
----------------------------------------------------------------------------------------------------------------
AA95       Pro-forma Letter from A Gadomski re.            (PLN)/PERS12/AG/*
           Application for Personal Secured Loan
----------------------------------------------------------------------------------------------------------------
AA96       Mortgage Deed (Relating to a Regulated          MD2/0900 and
           Agreement under the Consumer Credit Act 1974) - MD2B/0900
           Original + 2 Copies
----------------------------------------------------------------------------------------------------------------
AA97       Credit Agreement regulated by the Consumer      CA127Z/0900
           Credit Act 1974 - Original + 2 Copies
----------------------------------------------------------------------------------------------------------------
AA98       Credit Agreement Regulated by the Consumer      CA126Z/0103
           Credit Act 1974 - Original + 2 Copies
----------------------------------------------------------------------------------------------------------------
AA99       Credit Agreement Regulated by the Consumer      CA138Z/0900
           Credit Act 1974 - Original + 2 Copies
----------------------------------------------------------------------------------------------------------------

                                      68
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA100      Credit Agreement Regulated by the Consumer      CA125Z/0102
           Credit Act 1974 - Original + 2 Copies
----------------------------------------------------------------------------------------------------------------
AA101      Re-Advance/Further Advance Receipt (Omiga
           Further Advance)
----------------------------------------------------------------------------------------------------------------
AA102      Deed of Variation of Mortgage and Receipt for
           Further Advance (Omiga Further Advance)
----------------------------------------------------------------------------------------------------------------
AA103      English Flexible Plan Paragraphs
----------------------------------------------------------------------------------------------------------------
AA104      English PSL Paragraphs
----------------------------------------------------------------------------------------------------------------
AA105      Further Advance Paragraphs
----------------------------------------------------------------------------------------------------------------
AA106      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS13/AG/*
           re. Offer of Further Advance
----------------------------------------------------------------------------------------------------------------
AA107      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS14/AG/*
           re. Further Advance Application
----------------------------------------------------------------------------------------------------------------
AA108      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS15/AG/*
           re. Further Advance Application
----------------------------------------------------------------------------------------------------------------
AA109      Pro-forma Letter from A Gadomski  re. Further   (PLN)/PERS16/AG/*
           Advance
----------------------------------------------------------------------------------------------------------------
AA110      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS17/AG/*
           re. Offer of Further Advance
----------------------------------------------------------------------------------------------------------------
AA111      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS18/AG/*
           re. Further Advance Application
----------------------------------------------------------------------------------------------------------------
AA112      Pro-forma Letter from A Gadomski re.            (PLN)/PERS19/AG/*
           Postponement of Second Charge
----------------------------------------------------------------------------------------------------------------
AA113      Deed of Postponement                            (PLN)/PERS20
----------------------------------------------------------------------------------------------------------------
AA114      Deed of Postponement                            (PLN)/PERS21
----------------------------------------------------------------------------------------------------------------
AA115      Deed of Postponement                            (PLN)/PERS21A
----------------------------------------------------------------------------------------------------------------
AA116      Deed of Postponement                            (PLN)/PERS21A
----------------------------------------------------------------------------------------------------------------
AA117      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS22/AG/*
           re. Further Advance
----------------------------------------------------------------------------------------------------------------
AA118      Pro-forma Letter from A Gadomski re. Additional (PLN)/PERS22A/AG/*
           Advance
----------------------------------------------------------------------------------------------------------------
AA119      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS24AG/*
           re. Personal Secured Loan, Further Advance
----------------------------------------------------------------------------------------------------------------
AA120      Pro-forma Letter from A Gadomski re. Repayment  (PLN)/PERS25AG/*
           of Loan
----------------------------------------------------------------------------------------------------------------

                                      69
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA121      Pro-forma Letter from A Gadomski re. Personal   (PLN)/PERS26AG/*
           Secured Loan
----------------------------------------------------------------------------------------------------------------
AA122      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS28AG/*
           re. Additional Advance Application
----------------------------------------------------------------------------------------------------------------
AA123      Pro-forma Letter from A Gadomski re.            (PLN)/PERS30AG/*
           Postponement of Second Charge
----------------------------------------------------------------------------------------------------------------
AA124      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS31AG/*
           re. Redemption Figure Request
----------------------------------------------------------------------------------------------------------------
AA125      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS37AG/*
           re. Application for Personal Secured Loan
----------------------------------------------------------------------------------------------------------------
AA126      Pro-forma Letter from A Gadomski re. Personal   (PLN)/PERS39AG/*
           Secured Loan
----------------------------------------------------------------------------------------------------------------
AA127      Form acknowledging receipt of advance           (PLN)/PERS40
----------------------------------------------------------------------------------------------------------------
AA128      Form re. Certificate of Consent                 (PLN)/PERS41
----------------------------------------------------------------------------------------------------------------
AA129      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS50/AG/*
           re. Release and Discharge
----------------------------------------------------------------------------------------------------------------
AA130      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS51/AG/*
           re. Release and Discharge
----------------------------------------------------------------------------------------------------------------
AA131      Application for a Further Advance Loan          (PLN)/PERS38/AG/*
----------------------------------------------------------------------------------------------------------------
AA132      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS52/AG/*
           re. Personal Secured Loan
----------------------------------------------------------------------------------------------------------------
AA133      Pro-forma Letter from A Gadomski to Customer    (PLN)/PERS53/AG/*
           re. Personal Secured Loan
----------------------------------------------------------------------------------------------------------------
AA134      Deed of Postponement                            (PLN)/PERS21B
----------------------------------------------------------------------------------------------------------------
AA135      Deed of Postponement                            (PLN)/PERS10B
----------------------------------------------------------------------------------------------------------------
AA136      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX01/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA137      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX02/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA138      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX03/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA139      Application for Flexible Plan Loan              (PLN)/FLEX04/SO/*
----------------------------------------------------------------------------------------------------------------
AA140      Pro-forma Letter from A Gadomski re.            (PLN)/FLEX05/AG/*
           Postponement of Second Charge
----------------------------------------------------------------------------------------------------------------

                                      70
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA141      Deed of Postponement                            (PLN)/FLEX06
----------------------------------------------------------------------------------------------------------------
AA142      Deed of Postponement                            (PLN)/FLEX07
----------------------------------------------------------------------------------------------------------------
AA143      Deed of Postponement                            (PLN)/FLEX07A
----------------------------------------------------------------------------------------------------------------
AA144      Pro-forma Letter from A Gadomski re. Repayment  (PLN)/FLEX08/AG/*
           of Loan
----------------------------------------------------------------------------------------------------------------
AA145      Pro-forma Letter from A Gadomski re. Repayment  (PLN)/FLEX08A/AG/*
           of Loan
----------------------------------------------------------------------------------------------------------------
AA146      Pro-forma Letter from A Gadomski re.            (PLN)/FLEX09/AG/*
           Application from Borrower
----------------------------------------------------------------------------------------------------------------
AA147      Pro-forma Letter from A Gadomski re. Flexible   (PLN)/FLEX10/AG/*
           Plan Loan
----------------------------------------------------------------------------------------------------------------
AA148      Pro-forma Letter from A Gadomski re. Personal   (PLN)/FLEX11/AG/*
           Secured Loan
----------------------------------------------------------------------------------------------------------------
AA149      Extract from Title Deeds                        (PLN)/FLEX12/SO/*
----------------------------------------------------------------------------------------------------------------
AA150      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX13/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA151      Pro-forma Letter from A Gadomski re. Flexible   (PLN)/FLEX14/AG/*
           Plan Loan
----------------------------------------------------------------------------------------------------------------
AA152      Pro-forma Letter from A Gadomski re. Flexible   (PLN)/FLEX14RA/AG/*
           Plan Loan
----------------------------------------------------------------------------------------------------------------
AA153      Pro-forma Letter from A Gadomski re. Flexible   (PLN)/FLEX15/AG/*
           Plan Loan
----------------------------------------------------------------------------------------------------------------
AA154      Pro-forma Letter from A Gadomski re. Flexible   (PLN)/FLEX15RA/AG/*
           Plan Loan
----------------------------------------------------------------------------------------------------------------
AA155      Pro-forma Letter from A Gadomski re. Flexible   (PLN)/FLEX16/AG/*
           Plan Loan
----------------------------------------------------------------------------------------------------------------
AA156      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX24/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA157      Pro-forma Letter from A Gadomski  re. Title     (PLN)/FLEX25/AG/*
           Deeds
----------------------------------------------------------------------------------------------------------------
AA158      Pro-forma Letter from A Gadomski  re. Title     (PLN)/FLEX25A/AG/*
           Deeds
----------------------------------------------------------------------------------------------------------------
AA159      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX26/AG/*
           re. Proposed Further Advance
----------------------------------------------------------------------------------------------------------------

                                      71
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
AA160      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX27/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA161      Pro-forma Letter from A Gadomski  re. Further   (PLN)/FLEX26B/AG/*
           Advance Loan
----------------------------------------------------------------------------------------------------------------
AA162      Pro-forma Letter from A Gadomski  re. Further   (PLN)/FLEX26A/AG/*
           Advance Loan
----------------------------------------------------------------------------------------------------------------
AA163      Pro-forma Letter from A Gadomski  re. Further   (PLN)/FLEX25B/AG/*
           Advance Loan
----------------------------------------------------------------------------------------------------------------
AA164      Pro-forma Letter from A Gadomski  re. Property  (PLN)/FLEX25C/AG/*
----------------------------------------------------------------------------------------------------------------
AA165      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX28/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA166      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX29/AG/*
           re. Flexible Plan Loan
----------------------------------------------------------------------------------------------------------------
AA167      Deed of Postponement                            (PLN)/FLEX07B
----------------------------------------------------------------------------------------------------------------
AA168      Pro-forma Letter from A Gadomski to Customer    (PLN)/FLEX26/AG/*
           re. Proposed Further Advance
----------------------------------------------------------------------------------------------------------------
AA169      Certificate of Consent
----------------------------------------------------------------------------------------------------------------
AA170      Loan Agreement (Flexible Plan - Scotland) - 3   ACR4Z/0103
           Copies
----------------------------------------------------------------------------------------------------------------
AA171      Omiga/BMA Branch Pack - For Your Reference
----------------------------------------------------------------------------------------------------------------
AA172      Secured Personal Loan Application Form          ADV031             Jun 2004
----------------------------------------------------------------------------------------------------------------
AA173      Secured Personal Loan Application Form          ADV031             Sept2004
----------------------------------------------------------------------------------------------------------------
AA174      Secured Personal Loans Explained                MAR 749/15496      31 Oct 2004
----------------------------------------------------------------------------------------------------------------
AA175      Secured Personal Loan Application Form          LEG16              Nov 2004
----------------------------------------------------------------------------------------------------------------
AA176      Pro-forma Deed of Postponement
----------------------------------------------------------------------------------------------------------------
AA177      Pro-forma Deed of Postponement (Flexible
           Mortgage)
----------------------------------------------------------------------------------------------------------------
AA178
           Secured Personal Loan Application Form          LEG16              1 Jun 2005
----------------------------------------------------------------------------------------------------------------
</TABLE>

                                      72
<PAGE>

                         Part 5 Non-material documents
<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>               <C>

BB
----------------------------------------------------------------------------------------------------------------
BB1        Instructions to Solicitors - Fixed Sum Plan     ADV 269 5.98      From May 1998
           (Scotland)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB2        Instructions to Solicitors - Fixed Sum Plan     ADV 269a 5.98     From May 1998
           (Scotland)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB3        Deed of Variation of Security and Receipt for   SOL009 09/00      From Sep 2000.  Not used by further advance dept.
           Further Advance (Scotland)                                        Used by product transfer dept. where borrower is
           Northern Rock plc                                                 is switching product and increasing borrowing at same
                                                                             time (only used on older forms of mortgage conditions
                                                                             switching from annual rest mortgage to a daily rest
                                                                             version.
----------------------------------------------------------------------------------------------------------------
BB4        Help Me Buy to Let - Mortgages for Landlords    MAR 466/11665     From 3 Sep 2001
           Northern Rock plc                               03.9.2001
----------------------------------------------------------------------------------------------------------------
BB5        Help Me Buy to Let - Mortgages for Landlords    MAR 466/11794     From 19 Sep 2001
           Northern Rock plc                               19.9.2001
----------------------------------------------------------------------------------------------------------------
BB6        Help Me Buy to Let - Mortgages for Landlords    MAR 466/11856     From 4 Oct 2001
           Northern Rock plc                               04.10.2001
----------------------------------------------------------------------------------------------------------------
BB7        Help Me Buy to Let - Mortgages for Landlords    MAR 466/11974     From 8 Nov 2001
           Northern Rock plc                               08.11.2001
----------------------------------------------------------------------------------------------------------------
BB8        Help Me Buy to Let - Mortgages for Landlords    MAR 466/12222     From 7 Jan 2002
           Northern Rock plc                               07.1.2002
----------------------------------------------------------------------------------------------------------------
BB9        I want to buy to let - Mortgages for Landlords  MAR 466/12470     From 20 Mar 2002
           Northern Rock plc                               20.3.2002
----------------------------------------------------------------------------------------------------------------
BB10       I want to buy to let - Mortgages for Landlords  MAR 466/12645     From 10 May 2002
           Northern Rock plc                               10.5.2002
----------------------------------------------------------------------------------------------------------------
BB11       I want to buy to let - Mortgages for Landlords  MAR 466/12861     From 26 Jul 2002
           Northern Rock plc                               26.7.2002
----------------------------------------------------------------------------------------------------------------
BB12       I want to buy to let - Mortgages for Landlords  MAR 466/12861     From 6 Aug 2002
           Northern Rock plc                               06.8.2002
----------------------------------------------------------------------------------------------------------------
BB13       I want to buy to let - Mortgages for Landlords  MAR 466/13148     From 21 Oct 2002
           Northern Rock plc                               21.10.2002
----------------------------------------------------------------------------------------------------------------
BB14       I want to buy to let - Mortgages for Landlords  MAR 466/13232     From 8 Nov 2002
           Northern Rock plc                               08.11.2002
----------------------------------------------------------------------------------------------------------------
BB15       Sample Special Conditions for Bradford &                          From 9 Jan 2003
           Bingley Together Exclusives (Variable)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB16       Sample Special Conditions for Bradford &                          From 9 Jan 2003
           Bingley Together Exclusives Fixed mortgage
           loans - 2, 3, 5 and 7 year fixed
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB17       Sample Special Conditions for Buy to Let 2 year                   From 9 Jan 2003
           Fixed Rate
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------

                                      73
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
BB18       Sample Special Conditions for Buy to Let 1.5% 5                   From 9 Jan 2003
           year Tracker
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB19       Sample Wording - Buy to Let - Help With Costs
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB20       Sample Special Conditions for HERM Cashplus                       From 9 Jan 2003
           Fixed and Capped/ Exclusive HERM Cashplus Fixed
           and Capped/ SIFA HERM Cashplus Fixed and Capped
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB21       Sample Special Conditions for HERM Standard                       From 9 Jan 2003
           Fixed and Capped/ HERM Standard Fixed and
           Capped Exclusives/ SIFA HERM Standard Fixed and
           Capped
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB22       Sample Special Conditions for Legal & General                     From 9 Jan 2003
           Together Exclusives (Variable)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB23       Sample Special Conditions for Legal & General                     From 9 Jan 2003
           Together Exclusives Fixed mortgage loans - 2,
           3, 5 and 7 year fixed
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB24       I want to buy to let                            MAR 466/13372     From 10 Jan 2003
           Northern Rock plc                               10.01.2003
----------------------------------------------------------------------------------------------------------------
BB25       Confirmation of Identity                        Jan 2002          From Jan 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB26       Confirmation of Identity                        Sept 2002         From Sep 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB27       Confirmation of Identity                        28 Jan 2003       From 28 Jan 2003
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB28       I need you to be there sometimes [insurance]    MAR 389/12958     From Sep 2002
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------
BB29
           Buy to Let Mortgages                            MAR 750/15840     31.10.04
----------------------------------------------------------------------------------------------------------------
BB30
           Buy to Let Mortgages                            MAR 750           12.04
----------------------------------------------------------------------------------------------------------------
</TABLE>

               Part 6 Documents Used Only in the Origination of
                             Connections Mortgages
<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>               <C>

CC         Brochures
----------------------------------------------------------------------------------------------------------------
CC1        Connections - Current Account Terms and         MAR 634/13347     Valid until further notice -
           Conditions - Small but important                27.11.2002        27.11.2002
----------------------------------------------------------------------------------------------------------------
CC2        Connections - Save Direct Terms and Conditions  MAR 633/13347     Valid until further notice -
           - Small but important                           27.11.2002        27.11.2002
----------------------------------------------------------------------------------------------------------------
CC3        Mortgages - Options for your Connections        MAR 632/13363     Valid until further notice -
           Mortgage                                        27.11.2002        27.11.2002
----------------------------------------------------------------------------------------------------------------
CC4        Mortgages - I Want to Shrink my Mortgage        MAR 625/13245     Valid until further notice -
                                                           27.11.2002        27.11.2002
----------------------------------------------------------------------------------------------------------------

                                      74
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
CC5        Connections - What's it going to Cost?          MAR 630/13833     Valid until further notice -
                                                           18.6.2003         18.6.2003
----------------------------------------------------------------------------------------------------------------
CC6        Connections - What's it going to Cost?          MAR 630/13833     Valid until further notice -
                                                           14.7.2003         14.7.2003
----------------------------------------------------------------------------------------------------------------
CC7        Connections - What's it going to Cost?          MAR 630/13833     Valid until further notice -
                                                           25/7/2003         25.7.2003
----------------------------------------------------------------------------------------------------------------
CC8        Connections - What's it going to Cost?          MAR 630/13499     Valid until further notice -
                                                                             08.2.2003
----------------------------------------------------------------------------------------------------------------
CC9        Connections - What's it going to Cost?          MAR 630/13685     Valid until further notice -
                                                                             01.4.2003
----------------------------------------------------------------------------------------------------------------
CC10       Connections - What's it going to Cost?          MAR 630/13833     Valid until further notice -
                                                                             20.5.2003
----------------------------------------------------------------------------------------------------------------
CC11       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice
                                                                             9 Sep 2003
----------------------------------------------------------------------------------------------------------------
CC12       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice
                                                                             14 Oct 2003
----------------------------------------------------------------------------------------------------------------
CC13       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 17 Nov
                                                                             2003
----------------------------------------------------------------------------------------------------------------
CC14       Mortgages - I Want to Shrink my Mortgage        MAR 625/14519     Valid until further notice 1 Dec
                                                                             2003
----------------------------------------------------------------------------------------------------------------
CC15       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 17 Dec
                                                                             2003
----------------------------------------------------------------------------------------------------------------
CC16       Mortgages - I Want to Shrink my Mortgage        MAR 625A/14813    Valid until further notice 20 Jan
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC17       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 20 Jan
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC18       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 16 Feb
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC19       Mortgages - I Want to Shrink my Mortgage        MAR 625/15007     Valid until further notice 9 Mar
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC20       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 25 Mar
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC21       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 22 Jun
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC22       Connections - What's it going to cost?          MAR 630/13833     Valid until further notice 9 Jul
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC23       Connections - What's it going to cost?          MAR 630           Valid until further notice 16 Aug
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC24       Connections - What's it going to cost?          MAR 630           Valid until further notice 16 Aug
                                                                             2004
----------------------------------------------------------------------------------------------------------------
CC25       Connections - What's it going to cost?          MAR 630           Valid until further notice
                                                                             20.10.2004
----------------------------------------------------------------------------------------------------------------
CC26       Options for your Connections Mortgage           MAR 632/14878     Valid until further notice
                                                                             23 Feb 2004
----------------------------------------------------------------------------------------------------------------
DD         Mortgage Application Forms
----------------------------------------------------------------------------------------------------------------
DD1        Mortgage Application Form                       ADV4.02.03        Feb 2003
----------------------------------------------------------------------------------------------------------------
EE         Connections Credit/Loan Agreements
----------------------------------------------------------------------------------------------------------------
EE1
----------------------------------------------------------------------------------------------------------------

                                      75
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
FF         Conditions for Connections products
           (eg Savings Account Applications/ Agreements
           etc)
----------------------------------------------------------------------------------------------------------------
FF1        Connections Conditions                          MAR 631           27.11.02
----------------------------------------------------------------------------------------------------------------
GG         Mortgage Deeds
----------------------------------------------------------------------------------------------------------------
GG1
----------------------------------------------------------------------------------------------------------------
HH         Supplementary Instructions to Solicitors
----------------------------------------------------------------------------------------------------------------
HH1
----------------------------------------------------------------------------------------------------------------
II         Miscellaneous Mortgage Documents
----------------------------------------------------------------------------------------------------------------
II1        Connections Savings Options Form                MAR 635/1.03      Jan 2003
----------------------------------------------------------------------------------------------------------------
II2        Memo re New Mortgage Product Statement of                         11 Aug 2003
           Requirements - Connections 7 Year Flexible
           Discount Tracker
----------------------------------------------------------------------------------------------------------------
II3        Pro forma Covering Letter to customer enclosing Ref: CUSTADMIN/   Sep 2003
           Connections Pack                                JW2
----------------------------------------------------------------------------------------------------------------
                                                                          (i)

</TABLE>

   Part 7 Documents used in the Origination of Scottish Mortgages/Loans Only

<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference                     Usage period and notes
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>               <C>

JJ
----------------------------------------------------------------------------------------------------------------
JJ1        Affidavit (re: Matrimonial Home/Occupancy       ADV 77/1/87       SECa37/11/93urther Advance Receipt
           Rights)
----------------------------------------------------------------------------------------------------------------
JJ3        Additional Advance Cheque Request               ADV 133. 01/94
----------------------------------------------------------------------------------------------------------------
JJ4        Standard Security                               ADV 58. 01/94
----------------------------------------------------------------------------------------------------------------
JJ5        Report on Title (Scotland) - Regulated Loan     ADV 136. 01/94                              Jan 1994
----------------------------------------------------------------------------------------------------------------
JJ6        Deed of Variation of Security and Receipt for   ADV152. 01/94                               Jan 1994
           Further Advance
----------------------------------------------------------------------------------------------------------------
JJ7        Report on Title (Scotland)                      ADV 62./01.94                               Jan 1994
----------------------------------------------------------------------------------------------------------------
JJ8        Assignation of Life Assurance Policy            ADV 59. 01/94                               Jan 1994
----------------------------------------------------------------------------------------------------------------
JJ9        Scottish Mortgage Conditions 1994               SEC 33/02.94                                Feb 1994
----------------------------------------------------------------------------------------------------------------
JJ10       Flexible Plan Application Form                  ADV 156/9.94                                Sep 1994
----------------------------------------------------------------------------------------------------------------
JJ11       Report and Valuation for Mortgage Purposes on   ADV 7/11.94                                 Nov 1994
           Behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
JJ12       Deed of Postponement (relating to a Flexible    FLEX06- 1995?                                  1995?
           Plan Loan regulated by the Consumer Credit Act
           1974)
----------------------------------------------------------------------------------------------------------------
JJ13       Deed of Postponement (relating to a Flexible    FLEX07- 1995?                                  1995?
           Plan Loan regulated by the Consumer Credit Act
           1974)FLEX07- 1995?
----------------------------------------------------------------------------------------------------------------
JJ14       Deed of Postponement (relating to a Personal    PERS09- 1995?                                  1995?
           Secured Loan regulated by the Consumer Credit
           Act 1974)
----------------------------------------------------------------------------------------------------------------

                                      76
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
JJ15       Deed of Postponement (relating to a Personal    PERS10- 1995?                                  1995?
           Secured Loan regulated by the Consumer Credit
           Act 1974)
----------------------------------------------------------------------------------------------------------------
JJ16       Deed of Postponement                            PERS20- 1995?                                  1995?
----------------------------------------------------------------------------------------------------------------
JJ17       Deed of Postponement                            PERS21- 1995?                                  1995?
----------------------------------------------------------------------------------------------------------------
JJ18       Fixed Sum Plan Application Form                 ADV 31/4.95                                 Apr 1995
----------------------------------------------------------------------------------------------------------------
JJ19       Credit Agreement Regulated by the Consumer      Flexible Plan                               Jul 1995
           Credit Act 1974                                 (Scotland) -
                                                           ADVCR3 07/95
----------------------------------------------------------------------------------------------------------------
JJ20       Loan Agreement - Flexible Plan (Scotland)       ADVCR4 07/95                                Jul 1995
----------------------------------------------------------------------------------------------------------------
JJ21       Credit Agreement Regulated by the Consumer      ADV 138 09/95                               Sep 1995
           Credit Act 1974 (Personal Secured Loan)
----------------------------------------------------------------------------------------------------------------
JJ22       Assignation of Life Assurance Policy            ADV 59. 09/95                               Sep 1995
----------------------------------------------------------------------------------------------------------------
JJ23       Credit Agreement Regulated by the Consumer      ADV 138 09/95                               Sep 1995
           Credit Act 1974 (Personal Secured Loan)
----------------------------------------------------------------------------------------------------------------
JJ24       Receipt for Further Advance                     ADV 60. 09.95                               Sep 1995
----------------------------------------------------------------------------------------------------------------
JJ25       Deed of Variation of Security and Receipt for   ADV152. 09/95                               Sep 1995
           Further Advance
----------------------------------------------------------------------------------------------------------------
JJ26       Consent by Non-Entitled Spouse                  ADV 64. /09.95                              Sep 1995
----------------------------------------------------------------------------------------------------------------
JJ27       Postponed Standard Security                     SEC 53. 09/95                               Sep 1995
----------------------------------------------------------------------------------------------------------------
JJ28       Standard Security                               ADV 58. 09/95                               Sep 1995
----------------------------------------------------------------------------------------------------------------
JJ29       Deed of Postponement (relating to a Flexible    (PLN)/FLEX07 -                              Oct 1995
           Plan Loan regulated by the Consumer Credit Act  01/10/1995
           1974)
----------------------------------------------------------------------------------------------------------------
JJ30       Scottish Mortgage Conditions 1995               SEC33/0296                                  Feb 1996
----------------------------------------------------------------------------------------------------------------
JJ31       Report on Title (Scotland) 1995                 ADV62/0596                                  May 1996
----------------------------------------------------------------------------------------------------------------
JJ32       Credit Agreement Regulated by the Consumer      ADR3A-C/0796                                Jul 1996
           Credit Act 1974 - Flexible Plan (Scotland)
----------------------------------------------------------------------------------------------------------------
JJ33       Report on Title (Scotland)                      ADV62/0197                                  Jan 1997
----------------------------------------------------------------------------------------------------------------
JJ34       Guarantors Confirmation (Existing Borrowers)    ADV266.7/97
----------------------------------------------------------------------------------------------------------------
JJ35       Fixed Sum Plan Application Form                 ADV31/07.97                                 Jul 1997
----------------------------------------------------------------------------------------------------------------
JJ36       Flexible Plan Application Form                  ADV 156.07/97                               Jul 1997
----------------------------------------------------------------------------------------------------------------
JJ37       Deed of Postponement (relating to a Personal   (PLN)/PERS09-                                Oct 1997
           Secured Loan regulated by the Consumer Credit   01/10/1997
           Act 1974)
----------------------------------------------------------------------------------------------------------------
JJ38       Deed of Postponement (relating to a Personal   (PLN)/PERS10-                                Oct 1997
           Secured Loan regulated by the Consumer Credit   01/10/97
           Act 1974)
----------------------------------------------------------------------------------------------------------------
JJ39       Deed of Postponement                           (PLN)/PERS21-                                Oct 1997
                                                           01/10/1997
----------------------------------------------------------------------------------------------------------------
JJ40       Flexible Plan Application Form                  ADV156.10/97                                Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ41       Fixed Sum Plan Application Form                 ADV31.10/97                                 Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ42       Guarantors Confirmation (Existing Borrowers)    ADV266.10/97                                Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ43       Assignation of Life Assurance Policy            ADV59/10.97                                 Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ44       Re-advance/Further Advance Receipt              SEC37/1097                                  Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ45       Standard Security                               ADV58/1097                                  Oct 1997
----------------------------------------------------------------------------------------------------------------

                                      77
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
JJ46       Receipt for Further Advance                     ADV60.10/97                                 Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ47       Report on Title (Scotland)                      ADV268.10/97                                Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ48       Report on Title (Scotland) - Regulated Loan     ADV136.10/97                                Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ49       Credit Agreement Regulated by the Consumer      ADV138.10.97                                Oct 1997
           Credit Act 1974 (Personal Secured Loan)
----------------------------------------------------------------------------------------------------------------
JJ50       Postponed Standard Security                     SEC53.10/97                                 Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ51       Schedule of Documents of Title (Scotland)       SEC7.10/97                                  Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ52       Scottish Mortgage Conditions 1997               SEC33.10/97                                 Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ53       Consent by Non-Entitled Spouse                  ADV64.10/97                                 Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ54       Affidavit (re: Matrimonial Home/Occupancy       ADV77/10.97                                 Oct 1997
           Rights)
----------------------------------------------------------------------------------------------------------------
JJ55       Report and Valuation for Mortgage Purposes on   ADV 7/10.97                                 Oct 1997
           Behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
JJ56       Additional Advance Funds Request (Scotland)     ADV 133./10.97                              Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ57       Instructions to Solicitors - For Flexible Plan  ADV 270.                                    Oct 1997
           Loans Over (pound)15,000                        (Flexible Plan
                                                           over (pound)15K -
                                                           Scotland) 10/97
----------------------------------------------------------------------------------------------------------------
JJ58       Instructions to Solicitors (Attaching Report on ADV 136./10.97                              Oct 1997
           Title (Scotland) - Regulated Loan) -
----------------------------------------------------------------------------------------------------------------
JJ59       Deed of Variation of Security and Receipt for   ADV152. 10/97                               Oct 1997
           Further Advance
----------------------------------------------------------------------------------------------------------------
JJ60       Instructions to Solicitors - (Flexi - Under     ADV 137 10/97                               Oct 1997
           (pound)15K - Scotland)
----------------------------------------------------------------------------------------------------------------
JJ61       Credit Agreement Regulated by the Consumer      ADR3A-C/1097                                Oct 1997
           Credit Act 1974 - Flexible Plan (Scotland)
----------------------------------------------------------------------------------------------------------------
JJ62       Loan Agreement - Flexible Plan (Scotland)       ACR4A-C/1097                                Oct 1997
----------------------------------------------------------------------------------------------------------------
JJ63       Additional Advance Funds Request (Scotland)     ADV 133./11.97                              Nov 1997
----------------------------------------------------------------------------------------------------------------
JJ64       Flexible Plan Application Form                  ADV156.15/12/97                             Dec 1997
----------------------------------------------------------------------------------------------------------------
JJ65       Fixed Sum Plan Application Form                 ADV31.15/12/97                              Dec 1997
----------------------------------------------------------------------------------------------------------------
JJ66       Additional Advance Funds Request (Scotland)     ADV 133./1.98                               Jan 1998
----------------------------------------------------------------------------------------------------------------
JJ67       Report on Title (Scotland)                      ADV 62./02.98                               Feb 1998
----------------------------------------------------------------------------------------------------------------
JJ78       Loan Agreement - Flexible Plan (Scotland)       ACR4A-C/0298                                Feb 1998
----------------------------------------------------------------------------------------------------------------
JJ69       Instructions to Solicitors - For Flexible Plan  ADV 270.04.98                               Apr 1998
           Loans Over (pound)25,000 - (Flexible Plan over (pound)25K -
           Scotland)
----------------------------------------------------------------------------------------------------------------
JJ70       Report on Title (Scotland) - Regulated Loan     ADV 136. /05.98                             May 1998
----------------------------------------------------------------------------------------------------------------
JJ71       Instructions to Solicitors - (Fixed Sum Plan -  ADV 269.5/98                                May 1998
           Scotland)
----------------------------------------------------------------------------------------------------------------
JJ72       Secured Personal Loan Application Form          ADV 31. 5/98                                May 1998
----------------------------------------------------------------------------------------------------------------
JJ73       Instructions to Panel Solicitors -  (Fixed Sum  ADV 269a.05/98                              May 1998
           Plan - Scotland)
----------------------------------------------------------------------------------------------------------------
JJ74       Credit Agreement Regulated by the Consumer      MAR 127 01/06/98                            Jun 1998
           Credit Act 1974 (Personal Secured Loan)
----------------------------------------------------------------------------------------------------------------

                                      78
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
JJ75       Credit Agreement Regulated by the Consumer      ACR3A-C/0798                                Jul 1998
           Credit Act 1974 - Flexible Plan (Scotland)
----------------------------------------------------------------------------------------------------------------
JJ76       Instructions to Solicitors - ADV (Flexi - Under 137/ 01.07.98                               Jul 1998
           25K - Scotland)
----------------------------------------------------------------------------------------------------------------
JJ77       Report and Valuation for Mortgage Purposes on   ADV 7/12.98                                 Dec 1998
           Behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
JJ78       Secured Personal Loan Application Form          ADV 31. 1/99                                Jan 1999
----------------------------------------------------------------------------------------------------------------
JJ79       Deed of Postponement                           (PLN)/PERS20 -                              Oct 1999
                                                           01/10/1999
----------------------------------------------------------------------------------------------------------------
JJ80       Report on Title (Scotland)                      ADV 62./11.99                               Nov 1999
----------------------------------------------------------------------------------------------------------------
JJ81       Deed of Postponement (relating to a Personal   (PLN)/PERS10                                    2000?
           Secured Loan regulated by the Consumer Credit   A - 2000?
           Act 1974)
----------------------------------------------------------------------------------------------------------------
JJ82       Deed of Postponement                           (PLN)/PERS21A -                                 2000?
                                                           2000?
----------------------------------------------------------------------------------------------------------------
JJ83       Deed of Postponement (relating to a Flexible    (PLN)/FLEX07A -                                2000?
           Plan Loan regulated by the Consumer Credit Act  2000?
           1974)
----------------------------------------------------------------------------------------------------------------
JJ84       Secured Personal Loan Application Form          ADV 031                                     May 2000
                                                           (8.5.2000)
----------------------------------------------------------------------------------------------------------------
JJ85       Consent by Non-Entitled Spouse                  ADV 64. /06.00                              Jun 2000
----------------------------------------------------------------------------------------------------------------
JJ86       Affidavit (re: Matrimonial Home/Occupancy       ADV77 /07.00                                Jul 2000
           Rights)
----------------------------------------------------------------------------------------------------------------
JJ87       Report on Title (Scotland)                      ROT/0800                                    Aug 2000
----------------------------------------------------------------------------------------------------------------
JJ88       Credit Agreement Regulated by the Consumer      CA138B/0900                                 Sep 2000
           Credit Act 1974
----------------------------------------------------------------------------------------------------------------
JJ89       Credit Agreement Regulated by the Consumer      CA127 09/00                                 Sep 2000
           Credit Act 1974
----------------------------------------------------------------------------------------------------------------
JJ90       Credit Agreement Regulated by the Consumer      ACR3A-C/1000                                Oct 2000
           Credit Act 1974 - Flexible Plan (Scotland)
----------------------------------------------------------------------------------------------------------------
JJ91       Loan Agreement - Flexible Plan (Scotland)       ACR4A-C/1000                                Oct 2000
----------------------------------------------------------------------------------------------------------------
JJ92       Scottish Mortgage Conditions 1997               SEC33/11.00                                 Nov 2000
----------------------------------------------------------------------------------------------------------------
JJ93       Schedule of Documents of Title (Scotland)       SOGO1/0201                                  Feb 2001
----------------------------------------------------------------------------------------------------------------
JJ94       Deed of Variation of Security and Receipt for   ADV281/05.01                                May 2001
           Further Advance
----------------------------------------------------------------------------------------------------------------
JJ95       Deed of Guarantee (Scotland)                    ADV277/06.01                                Jun 2001
----------------------------------------------------------------------------------------------------------------
JJ96       Standard Security                               ADV278 06/01                                Jun 2001
----------------------------------------------------------------------------------------------------------------
JJ97       Deed of Variation of Security and Receipt for   ADV279 06/01                                Jun 2001
           Further Advance (with Guarantor)
----------------------------------------------------------------------------------------------------------------
JJ98       Receipt for Further Advance                     ADV280 Jul 01                               Jul 2001
----------------------------------------------------------------------------------------------------------------
JJ99       Scottish Mortgage Conditions 2001               SEC 72/07.2001                              Jul 2001
----------------------------------------------------------------------------------------------------------------

                                      79
<PAGE>

----------------------------------------------------------------------------------------------------------------
SABW       Document                                        Reference         Usage period and notes
----------------------------------------------------------------------------------------------------------------
JJ100      Scottish Mortgage Conditions 2001               SEC 72/01.2001                              Jul 2001
----------------------------------------------------------------------------------------------------------------
JJ101      Secured Personal Loan Application Form          ADV 031(1.8.2001)                         1 Aug 2001
----------------------------------------------------------------------------------------------------------------
JJ102      Report on Title (Scotland)                      ROT/0502                                    May 2002
----------------------------------------------------------------------------------------------------------------
JJ103      Additional Advance Funds Request                AAFR/0802                                   Aug 2002
----------------------------------------------------------------------------------------------------------------
JJ104      Report on Title (Scotland)                      ROT/1102                                    Nov 2002
----------------------------------------------------------------------------------------------------------------
JJ105      CML Lenders' Handbook for Scotland (Part 2 -                                                Jan 2003
           Name of Mortgage Lender) - Date Last Amended
           (1-Jan-2003)
----------------------------------------------------------------------------------------------------------------
JJ106      Credit Agreement Regulated by the Consumer      CA127 01/03                                 Jan 2003
           Credit Act 1974
----------------------------------------------------------------------------------------------------------------
JJ107      Credit Agreement Regulated by the Consumer      01/03                                       Jan 2003
           Credit Act 1974
----------------------------------------------------------------------------------------------------------------
JJ108      Report and Valuation for Mortgage Purposes on   ADV 7/07.03                                 Jul 2003
           Behalf of Northern Rock plc
----------------------------------------------------------------------------------------------------------------
JJ109      Secured Personal Loan Application Form          ADV 031 (08.2003)                           Aug 2003
----------------------------------------------------------------------------------------------------------------
JJ110      Offer of Loan                                                                               Oct 2003
----------------------------------------------------------------------------------------------------------------
JJ111      Together - Standard Security                    SOL002
----------------------------------------------------------------------------------------------------------------
JJ112      Schedule of Documents of Title (Scotland) (Pre  SEC 7
           01/10/97)
----------------------------------------------------------------------------------------------------------------
JJ113      Consent by Non-Entitled Spouse (Pre 09/95)      ADV 64
----------------------------------------------------------------------------------------------------------------
JJ114      Standard Security (Scottish Mortgage Conditions
           2001 apply)
----------------------------------------------------------------------------------------------------------------
JJ115      Report on Title (Scotland)                      ROT/0804
----------------------------------------------------------------------------------------------------------------

JJ116      Scottish Lifetime Mortgage Conditions           LEG2                                        Oct 2004
----------------------------------------------------------------------------------------------------------------
JJ117      CML Lenders' Handbook for Scotland (Part 2 -                                              6 May 2005
           Name of Mortgage Lender) - Date Last
           Amended (6-May-2005)
----------------------------------------------------------------------------------------------------------------

</TABLE>

                       Part 8 Documents Used Only in the
                                Origination of
                              Lifetime Mortgages
<TABLE>
<CAPTION>
SABW
----------------------------------------------------------------------------------------------------------------
<S>        <C>                                             <C>              <C>

KK
----------------------------------------------------------------------------------------------------------------
KK1        Lifetime Mortgage Deed                          LEG7              01.10.04
----------------------------------------------------------------------------------------------------------------
KK2        Additional Advance Application Form             MAR 727/15178     From 31.10.2004
----------------------------------------------------------------------------------------------------------------

                                      80
<PAGE>
----------------------------------------------------------------------------------------------------------------
KK3        Lifetime Mortgage Application Form              MAR 747/15835     From 31.10.04.
----------------------------------------------------------------------------------------------------------------
KK4        Lifetime Mortgages: A cash lump sum or a        MAR 755/15979     From 31.10.04
           monthly cash release
----------------------------------------------------------------------------------------------------------------
KK5        Lifetime Mortgages Conditions 1999              LEG1              11.04
----------------------------------------------------------------------------------------------------------------
</TABLE>

SIGNATORIES

SIDLEY AUSTIN BROWN & WOOD

By:

ALLEN & OVERY LLP

By:

                                      81

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]