Document:

EXHIBIT 10.5.1

                       GRANITE FINANCE TRUSTEES LIMITED

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                         SEVENTH AMENDED AND RESTATED
                          MASTER DEFINITIONS SCHEDULE

                             Dated 26 January 2004

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                          SIDLEY AUSTIN BROWN & WOOD

                             1 THREADNEEDLE STREET
                                LONDON EC2R 8AW
                            TELEPHONE 020 7360 3600
                            FACSIMILE 020 7626 7937
                                  RRF: 634915

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           SEVENTH AMENDED AND RESTATED MASTER DEFINITIONS SCHEDULE

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 Master Definitions Schedule except so far as the context requires
otherwise.

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

"Accession Undertaking" means a Deed of Accession;

"Account Bank" means, in relation to the Mortgages Trustee or Funding, the
bank at which the Mortgages Trustee Bank Accounts or, in the case of Funding,
the Funding Bank Accounts are maintained from time to time, being (in the case
of the Mortgages Trustee) Lloyds TSB Bank plc, Jersey International Branch, 25
New Street, St. Helier, Jersey JE4 8ZE, Channel Islands or (in the case of
Funding) Lloyds TSB Bank plc, City Office, Bailey Drive, Gillingham Business
Park, Kent ME8 0LS or (in either case) any other Authorised Entity appointed
by the Mortgages Trustee or Funding 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;

"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 as may be amended,
restated, novated, varied or supplemented from time to time and shall include
any additional and/or replacement administration agreement entered into by
such parties from time to time;

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

"Administration Fee Rate" means 0.12% per annum (inclusive of VAT) on the
amount of the Funding 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 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" means Northern Rock or such other person as may from time to
time be appointed

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as administrator of the Mortgage Portfolio pursuant to the Administration
Agreement;

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

"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;

"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;

"Asset Trigger Event" means the event that occurs when an amount is debited to
the Class A Principal Deficiency Sub Ledger established for any Issuer with
respect to the Class A Notes of that Issuer;

"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 any Issuer) the relevant Issuer and appointed by the
Mortgages Trustee, Funding 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
the Security Trustee and the Rating Agencies, in each case being an
institution authorised to carry on banking business (including accepting
deposits) under the Banking Act 1987;

"Authorised Institution" means an institution authorised to take deposits
under the Financial Services and Markets Act 2000;

"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

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         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 Financial Services and Markets Act 2000) 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;

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

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

"Authorised Third Party" means any Person appointed by the Security Trustee
pursuant to the terms of Schedule 4 of the Administration Agreement and whom
the Rating Agencies have previously confirmed in writing to Funding and the
Security Trustee will not cause the then current ratings of the relevant
Issuer's Notes 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" means the Bankers' Automated Clearing System as amended or supplemented
from time to time or any scheme replacing the same;

"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;

"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

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Funding (Issuer) GIC Accounts, as has been and may be amended, restated,
novated, varied or supplemented from time to time and shall include any
additional and/or replacement bank account agreement entered into by such
parties from time to time;

"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 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" means Barclays Bank PLC;

"Barclays Collection Account" means the account in the name of Northern Rock
as Administrator (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;

"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;

"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;

"Basis Rate Swap" means, in relation to the First Issuer, the First Issuer
Basis Rate Swap and for any other Issuer, the swap transaction documented
under the Basis Rate Swap Agreement for such Issuer;

"Basis Rate Swap Agreement" means, in relation to the First Issuer, the First
Issuer Basis Rate Swap Agreement and for any other Issuer, the ISDA Master
Agreement, Schedule, Confirmation and any credit support documents thereto
entered into among such 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 Issuer from time to
time in connection with the Notes issued by such Issuer;

"Basis Rate Swap Provider" means in relation to the First Issuer, the First
Issuer Basis Rate Swap Provider and for any other Issuer the basis rate swap
provider for such Issuer appointed from time to time in accordance with the
relevant Issuer 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

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defined in the relevant Basis Rate Swap Agreement);

"Beneficiaries" means both Funding and the Seller together, as beneficiaries
of the Mortgages Trust and "Beneficiary" means either 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" 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;

"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;

"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;

"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 (GBP)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;

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"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 as may be amended, restated,
novated, varied or supplemented from time to time 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 the any Issuer, the services
to be provided to such Issuer and the Note Trustee pursuant to the Issuer Cash
Management Agreement and in relation to the Mortgages Trustee and Funding, the
services to be provided to the Mortgages Trustee and Funding pursuant to 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 and (following enforcement of the Funding Security)
the Security Trustee for the purposes of, inter alia, managing all cash
transactions and maintaining certain ledgers on behalf of the Mortgages
Trustee, Funding and (following enforcement of the Funding Security) the
Security Trustee;

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

"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. The Seller is solely
responsible for funding any such Cash Re-draw;

"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-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;

"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 Notes" means, in relation to 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
and, in relation to any New Issuer, the Class A Notes as defined in the
relevant Issuer Master Definitions Schedule;

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

"Class B Notes" means, in relation to 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
and, in relation to any New Issuer, the Class B Notes as defined in the
relevant Issuer Master Definitions Schedule;

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

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Issuer;

"Class C Notes" means, in relation to 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
and, in relation to any New Issuer, the Class C Notes as defined in the
relevant Issuer Master Definitions Schedule;

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

"Class D Notes" means, in relation to the Second Issuer, the Series 2 Class D
Notes and in relation to any New Issuer, the Class D Notes as defined in the
Issuer Master Definitions Schedule relating to that New Issuer;

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

"Closing Date" means, in relation to the First Issuer, the Initial Closing
Date and, in relation to any New Issuer, the date of any issue of New Notes by
a New Issuer;

"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;

"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;

"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 as may be amended,
restated, novated, varied or supplemented from time to time 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;

"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

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Global Note Certificates;

"Completion Event" means a Perfection Event;

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

"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;

"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;

"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 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;

"Conditions" or "Terms and Conditions" means in relation to any Notes issued
by any Issuer, the terms and conditions to be endorsed on such Notes in the
form or substantially in the form scheduled to the Trust Deed entered into by
such Issuer with the Note Trustee and others, as any of the same may from time
to time be amended, varied or restated in accordance with the provisions of
such Trust Deed, and any reference to a numbered Condition shall be construed
accordingly;

"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 Trust 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;

"Contributions Ledger" means the ledger created to record (i) the making by
Funding to the Mortgages Trustee of Contributions to the Mortgages Trust
pursuant to the Mortgages Trust Deed (ii) the making by the Seller to the
Mortgages Trustee of Contributions to the Mortgages Trust 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

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the Mortgages Trustee to the Seller of any Special Distribution in
accordance with the Mortgages Trust Deed;

"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 an Issuer which
         is a Controlled Amortisation Note, the maximum aggregate principal
         amount which may be repaid by such 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 Issuer; or

(b)      in relation to the Intercompany Loan of any Issuer, the maximum
         aggregate principal amount which may be repaid by Funding to such
         Issuer in respect of such Intercompany Loan on such Payment Date
         (which will be equal to the aggregate of the Controlled Amortisation
         Amounts due on such Payment Date under the Notes issued by such
         Issuer);

"Controlled Amortisation Note" means any Note issued by an Issuer pursuant to
which prior to the occurrence of a Trigger Event or enforcement of the Issuer
Security, the Conditions of such Note impose a limit on the amount of
principal which may be repaid by such Issuer to the relevant Noteholder in
respect of such Note on any Payment Date;

"Corporate Services Agreement" means

(a)      in relation to any 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 Issuer,
         for the provision by the Corporate Services Provider of certain
         corporate services, and

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

in each case as it has been and may be amended, restated, novated, varied or
supplemented from time to time and shall include any additional and/or
replacement corporate services agreements entered into by such parties from
time to time in accordance with the Transaction Documents;

"Corporate Services Provider" means in relation to any Issuer, Law Debenture
Corporate Services Limited, in relation to Funding, Mourant & Co. Capital
(SPV) Limited, and in relation to 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;

"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

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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 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 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 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 and Seller Share Percentage) of the
Mortgages Trust Deed;

"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 and Seller Share Percentage) of the
Mortgages Trust Deed;

                                      11
<PAGE>

"Deed of Accession" means 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;

"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 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, Final Deferred Contribution (which Contribution 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 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 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;

"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;

"Drawdown Date" means, in respect of the First Issuer Intercompany Loan, the
Initial Closing Date, and in respect of any New Intercompany Loan, the date on
which such New Intercompany Loan is made to Funding by any New Issuer;

"Drawdown Notice" means, in respect of an Intercompany Loan, a notice
delivered by Funding to the relevant Issuer and the Security Trustee
requesting a drawing under that Intercompany Loan Agreement;

"DTC" means The Depository Trust Company;

"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

                                      12
<PAGE>

Loan is repaid before a certain date, including without limitation repayment of
any "cashback";

"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;

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

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

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

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

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

(a)      in relation to the First Issuer Notes, a First Issuer Note Event of
         Default;

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

(c)      in relation to the First Intercompany Loan Agreement, a First Issuer
         Intercompany Loan Event of Default; or

(d)      in relation to any New Intercompany Loan Agreement, the occurrence of
         an event of default pursuant to the Intercompany Loan Terms and
         Conditions of such New Issuer;

"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" has the meaning given to it in the Mortgages
Trust Deed;

"Final Repayment Date" means, in respect of the First Issuer Intercompany
Loan, the Payment Date falling in January, 2041 and in relation to any New
Intercompany Loan the date specified under the relevant Issuer Transaction
Documents and as defined in the relevant Issuer Master Definitions Schedule;

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

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

                                      13
<PAGE>

"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;

"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 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;

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

"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 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 Issuer (but not to any other Issuer)
following an enforcement of the Issuer Security relating to that 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 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 an 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 Issuer on the Distribution Date immediately
preceding such Payment Date required (after taking into account Funding
Available Principal Receipts otherwise available to such 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

                                      14
<PAGE>

         Period ending on the relevant Payment Date;

(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 Issuer on
the relevant Payment Date in respect of the Intercompany Loan made by that
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), it shall also include the sum of:

(4)      the amount standing to the credit of the Issuer Reserve Fund Ledger
         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

(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.

"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 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 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 Consideration 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 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;

"Funding (First Issuer) Bank Account Agreement" means the agreement entered
into on or about

                                      15
<PAGE>

the Initial Closing Date between Funding, the Cash Manager, the Security
Trustee and the Account Bank which governs the operation of the Funding (First
Issuer) GIC Account as may be amended, restated, novated, varied or
supplemented from time to time and shall include any additional and/or
replacement Funding (first issuer) bank account agreement entered into by such
parties from time to time in accordance with the Transaction Documents;

"Funding (First Issuer) GIC Account" the account in the name of Funding (sort
code 30-15-57, account number 00001933, reference: GRANITE011GI) held at the
Account Bank and maintained subject to the terms of the Funding (First Issuer)
Guaranteed Investment Contract, the Funding (First 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 (First Issuer) GIC Account Mandate" means the resolutions,
instructions and signature authorities relating to the Funding (First Issuer)
GIC Account substantially in the form set out in Schedule 1 to the Funding
(First Issuer) Bank Account Agreement;

"Funding (First Issuer) Guaranteed Investment Contract" means the guaranteed
investment contract entered into on or about the Initial Closing Date between
Funding, the Funding GIC Provider, the Security Trustee and the Cash Manager
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 (First Issuer) 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 from time to time in accordance
with the Transaction Documents;

"Funding (Issuer) Bank Account Agreement" means, in relation to any Issuer,
the agreement entered into on or about the relevant Closing Date between
Funding, the Cash Manager, the Security Trustee and the Account Bank which
governs the operation of the Funding (Issuer) GIC Account and shall include
any additional and/or replacement Funding (Issuer) bank account agreement
entered into by such parties from time to time in accordance with the
Transaction Documents;

"Funding (Issuer) GIC Account" means, in relation to any 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 (Issuer) Guaranteed Investment Contract" means, in relation to any
Issuer, the guaranteed investment contract entered into on about the relevant
Closing Date between Funding, the Funding GIC Provider, the Security Trustee
and the Cash Manager under which the Funding GIC Provider agrees to pay
Funding a guaranteed rate of interest on the balance from time to time of the
relevant Funding (Issuer) 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 from
time to time in accordance with the Transaction Documents;

"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 Provider" means Lloyds TSB Bank plc acting through its office at
Financial Markets

                                      16
<PAGE>

Division, 25 Monument Street, London 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 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
Issuers as to Losses on the Mortgage Loans and the application of Funding
Available Principal Receipts to fund the Issuer Liquidity Reserve Funds;

"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

                                      17
<PAGE>

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;

"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 0.60 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 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

                                      18
<PAGE>

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

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

"Funding 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 Seller Share and the Current Seller Share Percentage of the Trust
Property;

"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 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 Document" means each of the following documents:

(a)      the Mortgages Trust Deed;

(b)      the Mortgage Sale Agreement;

(c)      the Administration Agreement;

(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 Funding (Issuer) Bank Account Agreement;

(i)      the Funding Guaranteed Investment Contract;

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

(k)      the Cash Management Agreement;

(l)      the Start-up Loan Agreement;

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

                                      19
<PAGE>

(n)      the Collection Bank Agreement;

(o)      the First Issuer Intercompany Loan Agreement;

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

(q)      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 (p) above including any agreement entered into by Funding as
         a replacement of any of the above agreements upon the termination
         thereof;

"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;

"Further Contribution" means the consideration in the form of cash payable to
the Mortgages Trustee by any Beneficiary to increase the Funding 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 to the Mortgages
Trustee;

"Further Draw" means additional amounts drawn by a Borrower under 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;

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

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

"Group 1" means all Group 1 Issuers;

"Group 2" means all Group 2 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 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 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;

                                      20
<PAGE>

"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 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 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 1 Issuer" means any 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 2 Issuer" means any 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 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 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 1 Revenue-Sub Ledger" means a sub-ledger of the Funding Revenue Ledger
on which

                                      21
<PAGE>

receipts and payments of Funding Revenue Receipts allocable to Group 1 are
recorded by the Cash Manager;

"Group 2 Revenue-Sub Ledger" means the 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 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 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 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 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;

"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 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;

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<PAGE>
"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 Tax 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);

"Initial Closing Date" means 26 March 2001;

"Initial Contribution" the consideration in the form of cash payable by
Funding to the Mortgages Trustee in respect of the Funding Share of the Trust
Property 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 the
First Issuer Intercompany Loan or any New 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
(GBP)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 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 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

                                      23
<PAGE>

         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 the sum of (GBP)1,480,000,000 payable by the
Mortgages Trustee to the Seller on the Initial Closing Date in consideration
of the Seller's sale and assignment to the Mortgages Trustee of the Initial
Mortgage Portfolio or the sum agreed to from time to time between the
Mortgages Trustee and the Seller and payable by the Mortgages Trustee to the
Seller on an Assignment Date in consideration of the Seller's sale and
assignment to the Mortgages Trustee of a New Mortgage Portfolio in respect of
which any Initial Purchase Price is payable (together with any accrued
principal, interest and expenses as at the Closing Date or Assignment Date, as
applicable) in accordance with the provisions of the Mortgage Sale Agreement;

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

"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 Trust Property" means the sum of (GBP)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 the Inland Revenue of the United Kingdom;

"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 (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 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

                                      24
<PAGE>

         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, administration, reorganisation (other than a
         reorganisation where the Relevant Entity is solvent) or other similar
         laws, save where such proceedings are being contested in good faith;
         or an administrative or other receiver, administrator 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;

and in respect of Funding 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 1986 (as that section may be amended) or becomes
         unable to pay its debts within the meaning of section 123(2) of the
         Insolvency Act 1986 (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 (except for the purposes of or pursuant to
         an amalgamation, restructuring or merger previously approved by the
         Note 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, presentation of
         a petition for an administration order) and (except in the case of
         presentation of a petition for an administration order) such
         proceedings are not, in the opinion of the Note Trustee or the
         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,
         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, insolvency, composition, reorganisation or
         other

                                      25
<PAGE>

         similar laws or making 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 First Issuer Intercompany Loan
Agreement and any New Intercompany Loan Agreements and "Intercompany Loan
Agreement" means any one of them;

"Intercompany Loans" means the First Issuer Intercompany Loan and any New
Intercompany Loan and "Intercompany Loan" means any of them;

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

"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;

"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;

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

"Intercompany Loan Terms and Conditions" means the general terms and
conditions applicable to each 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;

"Interest Rate Shortfall" has the meaning given to it in Clause 4.3(a) of the
Administration Agreement;

"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 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

                                      26
<PAGE>

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;

"Interest Rate 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 Interest 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 interest rate swap agreement entered into by
such Issuer from time to time in connection with the Notes issued by such
Issuer;

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

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

"Issuer" means the First Issuer or, as the context may require, any New Issuer;

"Issuer Account Bank" means, in relation to any Issuer, the bank at which the
Issuer Bank Accounts of such 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 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 I 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 Principal Receipts under the Funding
Pre-Enforcement Principal Priority of Payments set out in Part I of Schedule 3
to the Funding Deed of Charge;

"Issuer Arrears Test" 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
Mortgages Trust 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.

"Issuer Available Principal Receipts" means, in relation to the First Issuer,
the Second Issuer and the Third Issuer, the First Issuer Available Principal
Receipts, the Second Issuer Available Principal

                                      27
<PAGE>

Receipts, and the Third Issuer Available Principal Receipts respectively, and
in relation to any New Issuer, the Current Issuer Available Principal Receipts
as defined in the Issuer Master Definitions Schedule relating to that New
Issuer;

"Issuer Available Revenue Receipts" means, in relation to 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, and in relation to any New Issuer,
the Current Issuer Available Revenue Receipts as defined in the Issuer Master
Definitions Schedule relating to that New Issuer;

"Issuer Bank Account Agreement" means, in relation to 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, and in relation to any New Issuer, the Current Issuer
Bank Account Agreement as defined in the Issuer Master Definitions Schedule
relating to that New Issuer;

"Issuer Bank Accounts" means, in relation to 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 and, in relation
to any New Issuer, the Current Issuer Bank Accounts as defined in the Issuer
Master Definitions Schedule relating to that New Issuer;

"Issuer Cash Management Agreement" means, in relation to 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, and in relation to any New Issuer, the
Current Issuer Cash Management Agreement as defined in the Issuer Master
Definitions Schedule relating to that New Issuer;

"Issuer Cash Manager" means, in relation to the First Issuer, the First Issuer
Cash Manager and in relation to any New Issuer, the person identified as
managing all cash transactions and maintaining certain ledgers on behalf of
such 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
Issuer pursuant to the relevant Issuer Cash Management Agreement;

"Issuer Deed of Charge" means in relation to the First Issuer, the First
Issuer Deed of Charge and in relation to any New Issuer, the deed of charge
entered into such Issuer with the Note Trustee;

"Issuer Jersey Secured Property" means:

(a)      in relation to the First Issuer, the First Issuer Jersey Secured
         Property as defined in the Issuer Master Definitions Schedule
         relating to the First Issuer;

(b)      in relation to the Second Issuer, the Second Issuer Jersey Secured
         Property as defined in the Issuer Master Definitions Schedule
         relating to the Second Issuer;

(c)      in relation to the Third Issuer, the Third Issuer Jersey Secured
         Property as defined in the Issuer Master Definitions Schedule
         relating to the Third Issuer; and

(d)      in relation to any other Issuer, the Current Issuer Jersey Secured
         Property as defined in the Issuer Master Definitions Schedule
         relating to that Issuer;

"Issuer Junior Notes" means:

(a)      in relation to the First Issuer, the Series 1 Class C Notes and the
         Series 2 Class C Notes as

                                      28
<PAGE>

         defined in the Issuer Master Definitions Schedule relating to the
         First Issuer,

(b)      in relation to the Second Issuer, the Series 1 Class C Notes, the
         Series 2 Class C Notes as defined in the Issuer Master Definitions
         Schedule relating to the Second Issuer, and

(c)      in relation to any other Issuer, the Junior Notes as defined in the
         relevant Issuer Master Definitions Schedule;

"Issuer Liquidity Reserve Fund" means, in relation to the First Issuer, the
First Issuer Liquidity Reserve Fund, in relation to the Second Issuer, the
Second Issuer Liquidity Reserve Fund and in relation to any New Issuer, the
Current Issuer Liquidity Reserve Fund as defined in the Issuer Master
Definitions Schedule which in each case Funding will be required to establish
pursuant to and in the circumstances set out in the Intercompany Loan of such
New Issuer ;

"Issuer Liquidity Reserve Ledger" means, in relation to the First Issuer, the
First Issuer Liquidity Reserve Ledger, in relation to the Second Issuer, the
Second Issuer Liquidity Reserve Ledger and in relation to any New Issuer, the
Current Issuer Liquidity Reserve Ledger as defined in Issuer Master
Definitions Schedule 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 the First
Issuer, the First Issuer Liquidity Reserve Required Amount, in relation to the
Second Issuer, the Second Issuer Liquidity Reserve Required Amount and in
relation to any New Issuer, Current Issuer Liquidity Reserve Required Amount
as defined in the Issuer Master Definitions Schedule relating to that New
Issuer in each case required to be maintained in the Issuer Liquidity Reserve
Fund, if any;

"Issuer Master Definitions Schedule" means, in relation to the First Issuer,
the First Issuer Master Definitions Schedule and in relation to any New Issuer
the relevant master definitions schedule relating to that New Issuer;

"Issuer Mezzanine Notes" means:

(a)      in relation to the First Issuer, the Series 1 Class B Notes and the
         Series 2 Class B Notes as defined in the Issuer Master Definitions
         Schedule relating to the First Issuer,

(b)      in relation to the Second Issuer, the Series 1 Class B Notes, the
         Series 2 Class B Notes as defined in the Issuer Master Definitions
         Schedule relating to the Second Issuer, and

(c)      in relation to any New Issuer, the Mezzanine Notes as defined in the
         relevant Issuer Master Definitions Schedule;

"Issuer Post-Enforcement Priority of Payments" means, in relation to 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, and in relation to any New Issuer, the Current Issuer
Post-Enforcement Priority of Payments as defined in the Issuer Master
Definitions Schedule relating to that New Issuer;

"Issuer Post-Liquidity Payments" means, in the case of the First Issuer, the
payments set out in items (H) through (J) under the First Issuer
Pre-Enforcement Revenue Priority of Payments (or the relevant payments in the
equivalent items under such other First Issuer Priority of Payments as may
apply on that Payment Date), in the case of the Second Issuer, the payments
set out in items (H) through (J) under the Second Issuer Pre-Enforcement
Revenue Priority of Payments (or the relevant payments in the equivalent items
under such other Second Issuer Priority of Payments as may apply

                                      29
<PAGE>

on that Payment Date) and in the case of any New Issuer, means the Current
Issuer Post-Liquidity Payments as defined in the Issuer Master Definitions
Schedule relating to that New Issuer;

"Issuer Post-Reserve Payments" means, in the case of the First Issuer, the
payments set out in item (K) under the First Issuer Pre-Enforcement Revenue
Priority of Payments (or the relevant payments in the equivalent items under
such other First Issuer Priority of Payments as may apply on that Payment
Date), in the case of the Second Issuer, the payments set out in item (K)
under the Second Issuer Pre-Enforcement Revenue Priority of Payments (or the
relevant payments in the equivalent items under such other Second Issuer
Priority of Payments as may apply on that Payment Date), and in the case of
any New Issuer, means the Current Issuer Post-Reserve Payments as defined in
the Issuer Master Definitions Schedule relating to that New Issuer;

"Issuer Post Start-Up Payments" means, in the case of the First Issuer, the
payments set out in items (L) and (M) under the First Issuer Pre-Enforcement
Revenue Priority of Payments (or the relevant payments in the equivalent items
under such other First Issuer Priority of Payments as may apply on that
Payment Date), in the case of the Second Issuer, the payments set out in items
(L) and (O) under the Second Issuer Pre-Enforcement Revenue Priority of
Payments (or the relevant payments in the equivalent items under such other
Second Issuer Priority of Payments as may apply on that Payment Date) and in
the case of any New Issuer, means the Current Issuer Post Start-Up Payments as
defined in the Issuer Master Definitions Schedule relating to that New Issuer;

"Issuer Pre-Enforcement Principal Priority of Payments" means, in relation to
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, and in relation
to any New Issuer, the Current Issuer Pre-Enforcement Principal Priority of
Payments as defined in the Issuer Master Definitions Schedule relating to that
New Issuer;

"Issuer Pre-Enforcement Priority of Payments" means, in relation to 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 Payments
respectively, and in relation to any New Issuer, the Current Issuer
Pre-Enforcement Priority of Payments as defined in the Issuer Master
Definitions Schedule relating to that New Issuer;

"Issuer Pre-Enforcement Revenue Priority of Payments" means, 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;

"Issuer Pre-Liquidity Payments" means, in the case of the First Issuer, the
payments set out in items (A) through (G) under the First Issuer
Pre-Enforcement Revenue Priority of Payments (or the relevant payments in the
equivalent items under such other First Issuer Priority of Payments as may
apply on that Payment Date), in the case of the Second Issuer, the payments
set out in items (A) through (G) under the Second Issuer Pre-Enforcement
Revenue Priority of Payments (or the relevant payments in the equivalent items
under such other Second Issuer Priority of Payments as may apply on that
Payment Date) and, in the case of any New Issuer, means the Current Issuer
Pre-Liquidity Payments as defined in the Issuer Master Definitions Schedule
relating to that New Issuer;

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<PAGE>

"Issuer Pre-Reserve Payments" means, in relation to any Issuer (with the
exception of the First Issuer), the Current Issuer Pre-Reserve Payments as
defined in the Issuer Master Definitions Schedule relating to that New Issuer;

"Issuer Principal Deficiency Ledger" means, in relation to the First Issuer,
the First Issuer Principal Deficiency Ledger and in relation to any New
Issuer, the ledger maintained by the Issuer Cash Manager in the name of such
Issuer which will be established on the relevant Closing Date 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 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 Principal Deficiency Sub Ledger" means, in relation to the First
Issuer, any First Issuer Principal Deficiency Sub Ledger and in relation to
any New Issuer, any of the sub ledgers of the Issuer Principal Deficiency
Ledger of such Issuer relating to any class of Notes issued by such Issuer;

"Issuer Principal Payments" means, in relation to the First Issuer, the
payments set forth in items (A) through (E) under the First Issuer
Pre-Enforcement Principal Priority of Payments (or the relevant payments set
forth in the equivalent items in such other First Issuer Priority of Payments
as may apply on that Payment Date), in relation to the Second Issuer, the
payments set forth in items (A) through (E) under the Second Issuer
Pre-Enforcement Principal Priority of Payments (or the relevant payments set
forth in the equivalent items in such other Second Issuer Priority of Payments
as may apply on that Payment Date) and in relation to any New Issuer, the
Current Issuer Principal Payments as defined in the Issuer Master Definitions
Schedule relating to that New Issuer;

"Issuer Principal Receipts" means, in relation to the First Issuer, the First
Issuer Principal Receipts and in relation to any New Issuer, the principal
amounts repaid by Funding in respect of the Intercompany Loan of such Issuer;

"Issuer Priority of Payments" means, in relation to the First Issuer, the
First Issuer Priority of Payments and in relation to any New Issuer, as
applicable, any of the relevant 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, 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 New Issuer, the Current Issuer Reserve Fund as defined
in the Issuer Master Definitions Schedule relating to that Issuer, in each
case established in the name of Funding in respect of such Issuer as required
under the terms of the relevant Intercompany Loan of such Issuer on the
relevant Closing Date in an amount equal to the Issuer Reserve Required
Amount;

"Issuer Reserve Fund Ledger" means, in relation to the First Issuer, the First
Issuer Reserve Fund Ledger, in relation to the Second Issuer, the Second
Issuer Reserve Fund Ledger and in relation to any New Issuer, the Current
Issuer Reserve Fund Ledger as defined in the Issuer Master Definitions
Schedule relating to that Issuer, in each case maintained by the Cash Manager
in the name of Funding to record the amount credited to the Issuer Reserve
Fund held by Funding in respect of such Issuer on the relevant Closing Date,
and subsequent withdrawals and deposits in respect of the Issuer Reserve

                                      31
<PAGE>

Fund;

"Issuer Reserve Required Amount" means, in relation to the First Issuer, the
First Issuer Reserve Required Amount, in relation to the Second Issuer, the
Second Issuer Reserve Required Amount and in relation to any New Issuer, the
Current Issuer Reserve Required Amount as defined in the Issuer Master
Definitions Schedule relating to that Issuer in each case required to be
maintained in the Issuer Reserve Fund of such Issuer;

"Issuer Reserve Requirement" means a requirement that will be satisfied in
respect of any 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;

"Issuer Secured Creditors" means, 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;

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

"Issuer Senior Notes" means:

(a)      in relation to the First Issuer, the Series 1 Class A Notes and the
         Series 2 Class A Notes as defined in the Issuer Master Definitions
         Schedule relating to the First Issuer,

(b)      in relation to the Second Issuer, the Series 1 Class A Notes, the
         Series 2 Class A Notes as defined in the Issuer Master Definitions
         Schedule relating to the Second Issuer, and

(c)      in relation to any other Issuer, the Senior Notes as defined in the
         relevant Issuer Master Definitions Schedule;

"Issuer Special Notes" means:

(a)      in relation to the Second Issuer, the Series 2 Class D Notes as
         defined in the Issuer Master Definitions Schedule relating to the
         First Issuer,

(b)      in relation to any other Issuer (other than the First Issuer), the
         Special Notes as defined in the relevant Issuer Master Definitions
         Schedule;

"Issuer Start-up Loan Agreement" means, in relation to any 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 as may be
amended, restated, novated, varied or supplemented from time to time 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 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

                                      32
<PAGE>

Issuer Transaction Accounts and in relation to any New Issuer, the Current
Issuer Transaction Accounts as defined in the Issuer Master Definitions
Schedule relating to that Issuer;

"Issuer Transaction Documents" means, in relation to 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 and in relation to any New Issuer, the Current Issuer Transaction
Documents as defined in the Issuer Master Definitions Schedule relating to
that Issuer;

"Jersey Account Bank" means Lloyds TSB Bank plc, Jersey International Branch;

"Jersey Secured Property" means, as the context requires, the Issuer Jersey
Secured Property or the Funding Jersey Secured Property;

"Jersey Security Law" has the meaning given to it in Clause 3.1 (Trust
Property) of the Funding Deed of Charge;

"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;

"LIBOR" means, 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:

(1)      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;

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

(a)      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

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

(3)      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 (2); and

(4)      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 provide such quotations
         and the relevant rate for the relevant period will be the arithmetic

                                      33
<PAGE>

         mean of the quotations as calculated in (2). 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 (1) or (2) was
         applicable;

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

"Lloyds  TSB" means Lloyds TSB Bank plc;

"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;

"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;

"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 primary market in
the United Kingdom upon which the Notes are formally admitted for public
trading;

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

"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;

"LTV ratio" or "loan-to-value ratio" means , in respect of any Mortgage Loan
assigned to the Mortgages Trust, 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;

"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

                                      34
<PAGE>

Accounts, the Funding 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
relevant Funding (Issuer) Bank Account Agreement and the relevant Issuer Bank
Account Agreement, as applicable;

"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;

"MHA Documentation" means an affidavit, consent or renunciation granted in
terms of the Matrimonial Homes (Family Protection) (Scotland) Act 1981 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 is (GBP)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 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;

"Monthly Payment Date" means, in respect of a Mortgage Loan, the date in each
month on which the relevant Borrower is required to make a payment of interest
and, if applicable, principal, in respect of such Mortgage Loan, as required
by the applicable Mortgage Conditions;

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

"Mortgage" means (i) in respect of any Mortgage Loan in the Mortgage Portfolio
(other than Personal Secured Loans), the first priority charge by way of legal
mortgage (in relation to English Mortgage Loans) or first ranking 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 Personal Secured Loan in the
Mortgage Portfolio, the second priority legal charge over English Properties
or the second ranking standard security over Scottish Properties;

"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;

                                      35
<PAGE>

"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" means unless specified otherwise any mortgage 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 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;

"Mortgage Portfolio" means, on any particular date, the combined Initial
Mortgage Portfolio and any New Mortgage Portfolio which has been sold and
assigned to the Mortgages Trustee on such date pursuant to the Mortgage Sale
Agreement, taking account of, among other things, the addition and/or removal
of any Mortgage Loans to or from that portfolio from the relevant Closing Date
but excluding any Mortgage Loan and its Related Security which has been
redeemed in full or repurchased by the Seller pursuant to Clause 8 (Warranties
and Repurchase by the Seller) of the Mortgage Sale Agreement;

"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

                                      36
<PAGE>

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" 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) 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 Trust Deed" means the mortgages trust deed entered into among the
Mortgages Trustee, Funding and the Seller on 26 March 2001 as may be amended,
restated, novated, varied or supplemented from time to time 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 Trustee" means Granite Finance Trustees Limited, a company
incorporated with limited liability under the laws of Jersey, registered
number 79309;

"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;

                                      37
<PAGE>

"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;

"Mortgages Trustee GIC Account" means the account in the name of the Mortgages
Trustee (sort code 30/16/63, account number 27034016) held at the Account Bank
and maintained subject to the terms of Mortgages Trustee Guaranteed Investment
Contract and the Bank Account Agreement or such additional or replacement bank
account of the Mortgages Trustee as may for the time being be in place with
the prior consent of the Security Trustee which is subject to a Guaranteed
Investment Contract;

"Mortgages Trustee GIC Provider" means Lloyds TSB Bank plc, Jersey
International Branch, 25 New Street, St. Helier, Jersey JE4 8ZE, Channel
Islands 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;

"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 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
such parties 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

                                      38
<PAGE>

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;

"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" 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;

"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;

"New Closing Date" means the date of any issue of New Notes by a New Issuer;

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

"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

                                      39
<PAGE>

         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;

(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" means a start-up loan made by a New Start-Up Loan Provider
to Funding under a New Start-Up Loan Agreement;

"New Start-Up Loan Agreement" means 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;

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

"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;

"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;

                                      40
<PAGE>

"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 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 will
be 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 Determination Date" means, in relation to the First Issuer, the First
Issuer Note Determination Date and in relation to any New Notes, the
Distribution Date immediately preceding the Payment Date;

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

                                      41
<PAGE>

repayable pursuant to Conditions of such New Notes;

"Note Event of Default" means, in relation to the First Issuer, a First Issuer
Note Event of Default and in relation to any New Issuer, the occurrence of an
event of default by the relevant Issuer as specified in the relevant
Conditions of the Notes issued by such New Issuer;

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

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

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

"Note Trustee" means The Bank of New York, or such person or persons for the
time being acting as note trustee or trustees under the Trust Deeds relating
to the Notes;

"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;

"Option Exercise Date" means the date on which the Post-Enforcement Call
Option Holder exercises its option to acquire all of the Notes outstanding as
at such date, together with accrued interest thereon;

"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;

"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;

"Paying Agent and Agent Bank Agreement" means, in relation to the First
Issuer, the First Issuer Paying Agent and Agent Bank Agreement and, in
relation to any New Issuer, has the meaning specified under the relevant
Issuer Transaction Documents;

                                      42
<PAGE>

"Paying Agents" means in relation to 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, in relation to 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;

"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" 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;

"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;

"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);

"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. 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 the post-enforcement call
option agreement

                                      43
<PAGE>

entered into on or about a Closing Date between the relevant Issuer, the
relevant Post-Enforcement Call Option Holder, the Note Trustee and the Note
Depository;

"Post-Enforcement Call Option Holder" means, in respect to the First 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 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;

"Previous Intercompany Loan" means a loan made by any Previous Issuer to
Funding on the Closing Date relating to such Previous Issuer under the
relevant Previous Intercompany Loan Agreement;

"Previous Intercompany Loan Agreement" means an intercompany loan agreement
entered into on the relevant Closing Date between, among others, Funding and a
Previous Issuer;

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

"Previous Issuer Notes" means the notes issued by any Previous Issuer;

"Previous Start-up Loan" means the start-up loan that any Previous Start-up
Loan Provider made available to Funding on the Closing Date relating to such
Previous Issuer pursuant to the relevant Previous Start-up Loan Agreement;

"Previous Start-up Loan Agreement" means a start-up loan agreement entered
into on the relevant Closing Date as amended from time to time between
Funding, the Previous Start-up Loan Provider and the Security Trustee;

"Previous Start-up Loan Provider" means Northern Rock in its capacity as
start-up loan provider under the relevant Previous Start-up Loan Agreement;

"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 Distribution" means, in relation to the Mortgages Trust, any
distribution by the Mortgages Trustee to any Beneficiary pursuant to Clause 11
(Distribution of Principal Receipts) or Clause 6.3 (Special Distribution) of
the Mortgages Trust Deed;

"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

                                      44
<PAGE>

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 and Funding on each Distribution Date;

"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 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;

(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;

"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;

"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

                                      45
<PAGE>

(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;

"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, 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 by the Security Trustee pursuant the
Funding Deed of Charge 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;

"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;

"Reg S" means Regulation S under the United States Securities Act of 1933, as
amended;

"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

                                      46
<PAGE>

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;

"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;

"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;

"Representations and Warranties" means the representations and warranties set
out in Schedule 1 (Representations and Warranties) to the Mortgage Sale
Agreement;

"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);

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

"Scottish Mortgage Loan" means each Mortgage Loan secured by a Scottish
Mortgage;

                                      47
<PAGE>

"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" means, collectively, the trusts declared and created in terms
of each Scottish Trust Deed;

"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;

"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;

"SEC" means the United States Securities and Exchange Commission;

"Second Issuer" means Granite Mortgages 01-2 plc;

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

"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 may be
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 the any Issuer Deed of Charge, the 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;

"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" means the power of attorney granted
by Funding in favour of the Security Trustee on the Initial Closing Date
pursuant to the Funding Deed of Charge;

"Security Trustee" means, The Bank of New York, whose principal office is at
48th 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" means Northern Rock plc;

"Seller Share Event" means the event which will occur if, on a Distribution
Date, (i) the result of the

                                      48
<PAGE>

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 Distribution Date" means a Distribution date on which a Seller
Share Event occurs;

"Seller Share" means, prior to the first Distribution Date, the Initial Seller
Share and thereafter, shall mean the Current Seller Share;

"Seller Share Ledger" means a ledger which shall record the Seller Share of
the Trust Property and the Seller Share Percentage;

"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'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 the power of attorney granted by the Seller
in favour of Funding, the Mortgages Trustee and the Security Trustee on the
Initial Closing Date, substantially in the form set out in Schedule 10 (Power
of Attorney in favour of the Mortgages Trustee, Funding and the Security
Trustee) to the Mortgage Sale Agreement;

"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" has the meaning given to it in Clause 6.3 (Special
Distribution) of the Mortgages Trust Deed;

"Special Repayment Notes" means, in relation to the Second Issuer, the
(GBP)10,000,000 Series 2 Class D Floating Rate Notes issued by the Second
Issuer and, in relation to any other Issuer, means any

                                      49
<PAGE>

Series and/or class of Notes issued by such 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 Issuer;

"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

(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;

"Start-up Loan" means the start-up loan that the Start-up Loan Provider shall
make available to Funding pursuant to the Start-up Loan Agreement;

"Start-up Loan Agreement" means the agreement entered into on or about the
Initial Closing Date between Funding, the Start-up Loan Provider and the
Security Trustee relating to the provision of the Start-up Loan to Funding as
may be amended, restated, novated, varied or supplemented from time to time
and shall include any additional and/or replacement start-up loan agreement
entered into by such parties in accordance with the Transaction Documents;

"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;

"Step-up Date" means the Payment Date in respect of an Issuer on which the
interest rate on the Notes issued by such Issuer increases by a pre-determined
amount following the payment made by such Issuer on such Payment Date, which
date in respect of the First Issuer is the Payment Date occurring in January
2008, and, in relation to any New Issuer, has the meaning specified under the
relevant Issuer Master Definitions Schedule;

"Subsidiary" means (a) a subsidiary as defined in 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;

                                      50
<PAGE>

"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

(b)      in respect of any New Notes issued by any New Issuer, has the meaning
         given to it under the relevant Issuer Transaction Documents and as
         defined in the Issuer Master Definitions Schedule relating to that
         New Issuer;

"Swap Agreements" means, for any Issuer, any of the Basis Rate Swap
Agreements, any of the Currency Swap Agreements, any Interest Rate Swap
Agreement or any other ISDA Master Agreement, Schedule and Confirmation
thereto entered into among such Issuer, the relevant Swap Provider and the
Note Trustee, as may be amended, restated, novated, varied or supplemented
from time to time, and shall include any additional and/or replacement swap
agreement entered into by such Issuer from time to time in connection with the
Notes issued by such Issuer

"Swap Provider" means any of the Currency Swap Provider and/or the Basis Rate
Swap Provider and/or the Interest Rate Swap Provider, as the context requires,
or any other swap provider appointed from time to time in accordance with the
Transaction Documents or relevant Issuer Transaction Documents;

"TARGET Business Day" means a day on which the Trans-European Automated
Real-time Gross settlement Express (TARGET) system is open;

"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;

"Terms and Conditions" has the same meaning as "Conditions";

"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);

(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

                                      51
<PAGE>

         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;

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

"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 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 Document" means any of the following documents:

(a)      the Subscription Agreement;

(b)      the Underwriting Agreement;

(c)      the First Issuer Intercompany Loan Agreement;

(d)      the Mortgages Trust Deed;

(e)      the Mortgage Sale Agreement;

(f)      the First Issuer Deed of Charge;

(g)      the Funding Deed of Charge;

(h)      the Basis Rate Swap Agreement;

(i)      each Currency Swap Agreement;

(j)      the Depository Agreement;

                                      52
<PAGE>

(k)      the First Issuer Trust Deed;

(l)      the First Issuer Paying Agent and Agent Bank Agreement;

(m)      the Administration Agreement;

(n)      the Cash Management Agreement;

(o)      the First Issuer Cash Management Agreement;

(p)      the Funding Guaranteed Investment Contract;

(q)      the Funding (First Issuer) Guaranteed Investment Contract;

(r)      the Mortgages Trustee Guaranteed Investment Contract;

(s)      the Post-Enforcement Call Option Agreement;

(t)      the Bank Account Agreement;

(u)      the Funding (First Issuer) Bank Account Agreement;

(v)      the First Issuer Bank Account Agreement;

(w)      the Collection Bank Agreement;

(x)      the Start-Up Loan Agreement;

(y)      the Loyalty Discount Deed;

(z)      the First Issuer Corporate Services Agreement;

(aa)     the Share Trust Deed;

(bb)     each Corporate Services Agreement; and

(cc)     the Second Priority Funding Deed of Charge;

"Transaction" means the transaction contemplated by the Transaction Documents;

"Trigger Event" means any of an Asset Trigger Event or a Non-Asset Trigger
Event, as the case may be;

"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

                                      53
<PAGE>

         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;

         less

(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, London Branch;

"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
Financial Services and Markets Act 2000 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;

                                      54
<PAGE>

"Underpayment" means any Authorised Underpayment or Unauthorised Underpayment;

"United Kingdom" means the United Kingdom of Great Britain and Northern
Ireland;

"United States" means the United States of America;

"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;

"Unpaid Interest Amount" means the amount of the Unpaid Interest in relation
to any Non-Cash Re-Draw on any Flexible 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;

"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;

"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;

"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.

2.      Interpretation and Construction

Any reference in this 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;

                                      55
<PAGE>

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;

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;

"leasehold" shall be construed so as to include any property held under a duly
registered or recorded long lease in Scotland;

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;

"set-off" shall be construed so as to include equivalent or analogous rights
under the laws of jurisdictions other than England and Wales;

"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

                                      56
<PAGE>

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.

2.1      "(GBP)", "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" or "dollars" denotes the lawful currency for the time being
         of the United States of America.

2.2      In this Master Definitions Schedule and in any of the Transaction
         Documents in which this Master Definitions Schedule is expressed to
         be incorporated or to which this 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      Any requirement in any Transaction Document for any action to be
         taken according to the standards of a "reasonable, prudent mortgage
         lender" shall be satisfied by the relevant party taking the relevant
         action in accordance with the Seller's Policy from time to time.

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.

                                      57
<PAGE>

2.5     (a)    Where a term is defined in an Issuer Master Definitions
               Schedule and is used but not defined in this Master
               Definitions Schedule then, in connection with the relevant
               Issuer, that term shall have the meaning indicated in that
               Issuer Master Definitions Schedule; and

        (b)    Where a term is used but not defined in a document to which
               this Master Definitions Schedule applies and that term is not
               defined in this Master Definitions Schedule but is defined in
               an Issuer Master Definitions Schedule, then in connection with
               the relevant Issuer that term shall have the meaning indicated
               in that Issuer Master Definitions Schedule.

3.       Governing Law

This Master Definitions Schedule is governed by, and shall be construed in
accordance with, the laws of England (provided that any terms hereof which are
particular to Scots law will be construed in accordance with the laws of
Scotland).

                                      58EXHIBIT 10.5.2

                             Dated 28 January 2004

                          GRANITE MORTGAGES 04-1 PLC

               ------------------------------------------------

                      ISSUER MASTER DEFINITIONS SCHEDULE

               ------------------------------------------------

                          SIDLEY AUSTIN BROWN & WOOD
                             1 THREADNEEDLE STREET
                                LONDON EC2R 8AW
                            TELEPHONE 020 7360 3600
                            FACSIMILE 020 7626 7937

<PAGE>

CONTENTS

1.    Definitions..........................................................1
2.    Interpretation and Construction.....................................32
3.    Governing Law.......................................................34

                                       i
<PAGE>

THIS  ISSUER  MASTER  DEFINITIONS  SCHEDULE  is signed for the  purposes  of
identification on 28 January 2004

BY:

(1)   Sidley  Austin  Brown & Wood of 1  Threadneedle  Street,  London  EC2R
      8AW; and

(2)   Allen & Overy 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.

"Account Bank" means, in relation to the Current Issuer, the Current Issuer
Account Bank and for any other Issuer, the Account Bank for such Issuer
appointed from time to time in accordance with the relevant Issuer Transaction
Documents;

"Additional Interest" means interest which will accrue on Deferred Interest at
the rate of interest applicable from time to time on the classes of Current
Issuer Notes, as further described in Condition 4 of the Current Issuer Notes;

"Additional Assigned Mortgage Loan" means any Mortgage Loan which is sold and
assigned by the Seller to the Mortgages Trustee on 26 January 2004 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;

"Additional Assigned Mortgage Portfolio" means the portfolio of Additional
Assigned Mortgage Loans, their Related Security, Accrued Interest and other
amounts derived from such Additional Assigned Mortgage Loans that the Seller
sold and assigned to the Mortgages Trustee on 26 January 2004;

"Additional Assigned Trust Property" means the Additional Assigned Mortgage
Portfolio sold and assigned to the Mortgage Trustee by the Seller on 26
January 2004, including the Additional Assigned Mortgage Loans and their
Related Security, the rights under the MIG Policies and the other Insurance
Policies arranged by the Seller;

"Agent Bank" means, in relation to the Current Issuer, Citibank, N.A., 5
Carmelite Street, London EC4Y 0PA initially appointed pursuant to the Current
Issuer Paying Agent and Agent Bank Agreement or, if applicable, any successor
Agent Bank at its Specified Office;

"Agents" means, in relation to the Current Issuer, the Principal Paying Agent,
the US Paying Agent, the Registrar and the Transfer Agent, initially appointed
pursuant to the Current Issuer Paying Agent and Agent Bank Agreement, or, if
applicable, any successor agents;

"Appointee" has the meaning specified in the Current 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

                                      1
<PAGE>

Funding) Funding or (in the case of the Current Issuer) the Current Issuer and
appointed by the Mortgages Trustee, Funding or, as the case may be, the
Current Issuer;

"Authorised Denominations" means, in relation to the Current Issuer Notes,
denominations of, in the case of any class of the Dollar Notes $1,000 and
$10,000, in the case of any class of the Sterling Notes, (GBP)1,000 and
(GBP)10,000, in the case of any class of the Euro Notes, (euro)500,000 and
in such other denominations as the Note Trustee shall determine and notify to
the relevant Noteholders;

"Authorised Dollar Holding" means $1,000 (which shall be the minimum allowable
holding with respect to each Dollar Note) and integral multiples of in excess
thereof;

"Authorised Euro Holding" means (euro)500,000 (which shall be the minimum
allowable holding with respect to each Euro Note) and integral multiples of in
excess thereof;

"Authorised Signatory" means in relation to:

(a)   the Current Issuer, any authorised signatory referred to in the Issuer
      Account Mandates relating to that Issuer;

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

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

"Authorised Sterling Holding" means (GBP)1,000 (which shall be the minimum
allowable holding with respect to each Sterling Note) and integral multiples
in excess thereof;

"Average  Fixed Rate  Mortgage  Loan Balance" has the meaning given to it in
the Current Issuer Basis Rate Swap Agreement;

"Average  Flexible  Mortgage  Loan  Balance" has the meaning  given to it in
the Current Issuer Basis Rate Swap Agreement;

"Average  Mortgage  Loan Balance" has the meaning given to it in the Current
Issuer Basis Rate Swap Agreement;

"Average  Variable  Rate  Mortgage Loan Balance" has the meaning given to it
in the Current Issuer Basis Rate Swap Agreement;

"Basic Terms Modification" in relation to the Current Issuer Notes has the
meaning set out in Schedule 4 to the Current Issuer Trust Deed;

"Basis Rate Swap" means, in relation to the Current Issuer, the Current Issuer
Basis Rate Swap and for any other Issuer, the swap transaction documented
under the Basis Rate Swap Agreement for such Issuer;

"Basis Rate Swap Agreement" means, in relation to the Current Issuer, the
Current Issuer Basis Rate Swap Agreement and for any other Issuer, the ISDA
Master Agreement, Schedule, Confirmation and any Credit Support Annex or other
credit support documents thereto entered into among such Issuer, the related
Basis Rate Swap Provider, the Note Trustee and/or any credit support provider,
as may be amended, restated, varied or supplemented from time to time and
shall include any additional and/or replacement basis rate swap agreement
entered into by such Issuer from time to time in connection with the Notes
issued by such Issuer;

                                      2
<PAGE>

"Basis Rate Swap Provider" means in relation to the Current Issuer, the
Current Issuer Basis Rate Swap Provider and for any other Issuer the basis
rate swap provider for such Issuer appointed from time to time in accordance
with the relevant Issuer Transaction Documents;

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

"Block Voting Instruction" has the meaning set out in Schedule 4 to the
Current Issuer Trust Deed;

"Blocked Note" has the meaning specified in Schedule 4 to the Current Issuer
Trust Deed;

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

"Calculation Agent" in relation to any Current Issuer Swap Agreement has the
meaning given to it under such Current Issuer Swap Agreement;

"certification  date" has the meaning  specified in the Current Issuer Trust
Deed;

"Chairman"  has the  meaning  set out in  Schedule 4 to the  Current  Issuer
Trust Deed;

"Class A Enforcement Notice" means a notice issued by the Note Trustee to the
Current Issuer and the Security Trustee on the occurrence of a Current Issuer
Note Event of Default, declaring the Class A Notes to be due and repayable
pursuant to Condition 9(A) of the Current Issuer Notes;

"Class A Noteholders" means the Series 1 Class A Noteholders, the Series 2
Class A Noteholders and the Series 3 Class A Noteholders;

"Class A Notes" means, in relation to the Current Issuer, the Series 1 Class
A1 Notes, the Series 1 Class A2 Notes, the Series 2 Class A1 Notes, the Series
2 Class A2 Notes and the Series 3 Class A Notes or any of them as the context
may require 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 A  Principal  Deficiency  Sub  Ledger"  means the  sub-ledger  of the
Current Issuer  Principal  Deficiency  Ledger  corresponding  to the Class A
Notes;

"Class B Enforcement Notice" means a notice issued by the Note Trustee to the
Current Issuer and the Security Trustee on the occurrence of a Current Issuer
Note Event of Default, declaring the Class B Notes to be due and repayable
pursuant to Condition 9(B) of the Current Issuer Notes;

"Class B Noteholders" means the Series 1 Class B Noteholders, the Series 2
Class B Noteholders and the Series 3 Class B Noteholders;

"Class B Notes" means, in relation to the Current Issuer, the Series 1 Class B
Notes, the Series 2 Class B Notes and the Series 3 Class B Notes or any of
them as the context may require; 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  Principal  Deficiency  Sub  Ledger"  means the  sub-ledger  of the
Current Issuer  Principal  Deficiency  Ledger  corresponding  to the Class B
Notes;

                                      3
<PAGE>

"Class M Enforcement Notice" means, a notice issued by the Note Trustee to the
Current Issuer and the Security Trustee on the occurrence of a Current Issuer
Note Event of Default, declaring the Class M Notes to be due and repayable
pursuant to Condition 9(C) of the Current Issuer Notes;

"Class M Noteholders" means the Series 1 Class M Noteholders, the Series 2
Class M Noteholders and the Series 3 Class M Noteholders;

"Class M Notes" means, in relation to the Current Issuer, 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; 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  Principal  Deficiency  Sub  Ledger"  means the  sub-ledger  of the
Current Issuer  Principal  Deficiency  Ledger  corresponding  to the Class M
Notes;

"Class C Enforcement Notice" means, a notice issued by the Note Trustee to the
Current Issuer and the Security Trustee on the occurrence of a Current Issuer
Note Event of Default, declaring the Class C Notes to be due and repayable
pursuant to Condition 9(D) of the Current Issuer Notes;

"Class C Noteholders" means the Series 1 Class C Noteholders, the Series 2
Class C Noteholders and the Series 3 Class C Noteholders;

"Class C Notes" means, in relation to the Current Issuer, the Series 1 Class C
Notes, the Series 2 Class C Notes and the Series 3 Class C Notes or any of
them as the context may require; 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  Principal  Deficiency  Sub  Ledger"  means the  sub-ledger  of the
Current Issuer  Principal  Deficiency  Ledger  corresponding  to the Class C
Notes;

"Clearing System" means any of DTC (with respect to the Dollar Notes) and
Euroclear and Clearstream, Luxembourg (with respect to the Euro Notes and the
Sterling Notes), and any other or additional organisation of a similar nature
as may be approved in writing by the Note Trustee;

"Closing Date" means 28 January 2004;

"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 Current
Issuer Notes, the terms and conditions to be endorsed on such Current Issuer
Notes in the form or substantially in the form scheduled to the Current 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 Current 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 Current
Issuer Trust Deed;

"Current Issuer" means Granite Mortgages 04-1 plc, a company incorporated with
limited liability under the laws of England and Wales, registered number
4959572;

"Current Issuer Account Bank" means the bank at which the Current Issuer Bank
Accounts are maintained from time to time, being Citibank, N.A., 5 Carmelite
Street, London EC4Y 0PA, or any

                                      4
<PAGE>

other Authorised Entity appointed by the Current Issuer in accordance with the
Current Issuer Transaction Documents;

"Current Issuer Available Principal Receipts" means:

(1)   prior to enforcement of the Current Issuer Security, in respect of any
      Payment Date, the sum calculated by the Current Issuer Cash Manager on
      the Distribution Date immediately preceding such Payment Date equal to:

      (a)   all principal amounts repaid by Funding to the Current Issuer
            under the Current Issuer Intercompany Loan during the period from
            (but excluding) the immediately preceding Payment Date to (and
            including) such Payment Date;

      (b)   all Current Issuer Available Revenue Receipts which are to be used
            on that Payment Date to credit the Current Issuer Principal
            Deficiency Sub Ledger for any Class of Notes issued by the Current
            Issuer; and

      (c)   if such Payment Date is the Final Maturity Date for the Series 1
            Class A1 Notes, amounts standing to the credit of the Current
            Issuer Liquidity Reserve Ledger, or to be applied to fund the
            Current Issuer Liquidity Reserve Fund on such Payment Date, up to
            the amount necessary to pay all principal due on the Series 1
            Class A1 Notes on such Payment Date after application of the
            amounts set forth above,

      less

      (c)   the aggregate of all principal amounts (if any) repaid by Funding
            to the Current Issuer under the Current Issuer Intercompany Loan
            on the relevant Payment Date which are to be applied on the
            relevant Payment Date to pay items (A) through (E), (G), (I) or
            (K) of the Current Issuer Pre-Enforcement Revenue Priority of
            Payments; and

(2)   following enforcement of the Current Issuer Security, in respect of any
      Payment Date, the sum calculated by or on behalf of the Note Trustee on
      the Distribution Date immediately preceding such Payment Date as the
      amount to be repaid by Funding to the Current Issuer under the Current
      Issuer Intercompany Loan during the relevant Interest Period and/or the
      sum otherwise recovered by the Note Trustee (or the Receiver appointed
      on its behalf) representing the Principal Amount Outstanding of the
      Notes;

"Current Issuer Available Revenue Receipts" means, in respect of any Payment
Date, the sum calculated by the Current Issuer Cash Manager on the
Distribution Date immediately preceding such Payment Date equal to:

(1)   interest, fees and any other amount (not including principal), if any,
      paid by Funding on the relevant Payment Date under the terms of the
      Current Issuer Intercompany Loan Agreement;

(2)   other net income of the Current Issuer (not otherwise included in (1)
      above or (3) below) including amounts received by the Current Issuer
      under or in accordance with the Basis Rate Swap Agreement (excluding
      Swap Collateral Excluded Amounts) and any early termination amounts
      (other than such early termination amounts applied or to be applied by
      the Current Issuer in the purchase of one or more replacement hedge
      transactions) received by the Current Issuer under the Current Issuer
      Swap Agreements;

                                      5
<PAGE>

(3)   interest payable on the Current Issuer Bank Accounts and any income from
      Authorised Investments made with funds standing to the credit of the
      Current Issuer Bank Accounts, in each case which has been or will be
      received on or before the relevant Payment Date; and

(4)   (only to the extent required after making the relevant calculations set
      out in the Current Issuer Cash Management Agreement), the aggregate of
      all principal amounts (if any) repaid by Funding to the Current Issuer
      under the Current Issuer Intercompany Loan amount of Current Issuer
      Principal Receipts (if any) on the relevant Payment Date which are to be
      applied to pay items (A) through (E), (G), (I) and/or (K) of the Current
      Issuer Pre-Enforcement Revenue Priority of Payments;

"Current Issuer Bank Account Agreement" means the bank account agreement dated
on or about the Closing Date between the Current Issuer, the Seller, the
Current Issuer Cash Manager, the Current Issuer Account Bank and the Note
Trustee;

"Current Issuer Bank Accounts" means the Current Issuer Transaction Accounts
and also includes any additional or replacement bank account opened in the
name of the Current Issuer from time to time with the prior written consent of
the Note Trustee and the Rating Agencies;

"Current  Issuer  Basis Rate  Swap"  means the swap  transaction  documented
under the Current Issuer Basis Rate Swap Agreement;

"Current Issuer Basis Rate Swap Agreement" means the ISDA Master Agreement,
Schedule and Confirmation thereto each entered into on or about the Closing
Date and any Credit Support Annex or other credit support documents entered
into at any time among the Current Issuer, the Current Issuer Basis Rate Swap
Provider, the Note Trustee and/or any credit support provider, as may be
amended, restated, varied or supplemented from time to time and shall include
any additional and/or replacement basis rate swap agreement entered into by
the Current Issuer from time to time in accordance with the Transaction
Documents;

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

"Current Issuer Cash Management Agreement" means the cash management agreement
entered into on or about the Closing Date between the Current Issuer Cash
Manager, the Current Issuer and the Note 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 Current
Issuer from time to time in connection with the Current Issuer Notes;

"Current Issuer Cash Management Services" means the services to be provided to
the Current Issuer and the Note Trustee by the Current Issuer Cash Manager
pursuant to the Current Issuer Cash Management Agreement;

"Current Issuer Cash Manager" means Northern Rock acting pursuant to the
Current Issuer Cash Management Agreement as agent for the Current Issuer and
the Note Trustee in managing all cash transactions and maintaining certain
ledgers on behalf of the Current Issuer;

"Current Issuer Cash Manager Termination Event" means any of the events
specified in paragraphs (a) through (c) of Clause 12.1 of the Current Issuer
Cash Management Agreement;

                                      6
<PAGE>

"Current Issuer Charged Property" means the property, assets and undertakings
of the Current 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 Note Trustee for itself and for the Current Issuer Secured Creditors
under the Current Issuer Deed of Charge or any other Current Issuer
Transaction Document;

"Current Issuer Conditions" or "Current Issuer Terms and Conditions" means the
terms and conditions to be endorsed on the Current Issuer Notes, substantially
in the form set out in Schedule 3 to the Current Issuer Trust Deed, as any of
the same may be amended, varied or restated in accordance with the provisions
of the Current Issuer Trust Deed, and any reference to a numbered Condition
shall be construed accordingly;

"Current Issuer Corporate Services Agreement" means the corporate services
agreement entered into on or before the Closing Date between, inter alia, the
Current Issuer Corporate Services Provider, Holdings, the Current Issuer Post
Enforcement Call Option Holder, the Current Issuer and Northern Rock for the
provision by the Current Issuer Corporate Services Provider of certain
corporate services with respect to Holdings, the Current Issuer Post
Enforcement Call Option Holder and the Current 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 Current Issuer
Transaction Documents;

"Current Issuer Corporate Services Provider" means in relation to any of the
Current Issuer, Holdings or the Current 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
Current Issuer Corporate Services Agreement;

"Current Issuer Currency Swap Agreements" means the Current Issuer Dollar
Currency Swap Agreements and the Current Issuer Euro Currency Swap Agreements;

"Current Issuer Currency Swap Providers" means the Current Issuer Dollar
Currency Swap Providers and the Current Issuer Euro Currency Swap Provider;

"Current  Issuer  Currency  Swaps" means the Current Issuer Dollar  Currency
Swaps and the Current Issuer Euro Currency Swaps;

"Current Issuer Deed of Accession" means the deed of accession entered into on
or about the Closing Date between Funding, the Security Trustee, the Current
Issuer, the Current Issuer Start-Up Loan Provider and others whereby, among
other things, the Current Issuer and the Current Issuer Start-Up Loan Provider
accede to the provisions of the Funding Deed of Charge;

"Current Issuer Deed of Charge" means the deed of charge entered into on or
about the Closing Date between the Current Issuer, the Note Trustee, the
Current Issuer Swap Providers, the Current Issuer Corporate Services Provider,
the Current Issuer Account Bank, the Current Issuer Cash Manager, the
Principal Paying Agent and the other Agents appointed pursuant to the Current
Issuer Paying Agent and Agent Bank Agreement as may be amended, restated,
varied or supplemented from time in accordance with the Current Issuer
Transaction Documents;

"Current Issuer Dollar Account" means the account of the Current Issuer
(account number 10141615) held with the Current Issuer Account Bank,
denominated in U.S. Dollars and maintained subject to the terms of the Current
Issuer Bank Account Agreement and the Current 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;

                                      7
<PAGE>

"Current Issuer Dollar Currency Swap Agreements" means the ISDA Master
Agreements, Schedules and Confirmations thereto entered into on or about the
Closing Date and any Credit Support Annexes or other credit support documents
entered into at any time among the Current Issuer, the Current Issuer Dollar
Currency Swap Providers, the Note Trustee and/or any credit support provider,
as may be amended, restated varied or supplemented from time to time and shall
include any additional and/or replacement currency swap agreement or
agreements entered into by the Current Issuer from time to time in connection
with the Current Issuer Notes;

"Current Issuer Dollar Currency Swap Providers" means together, Swiss Re
Financial Products Corporation and Banque AIG (each a "Current Issuer Dollar
Currency Swap Provider") each as swap counterparty to the Current Issuer under
the Current Issuer Dollar Currency Swap Agreements;

"Current Issuer Dollar Currency Swap Rates" means, in relation to the Current
Issuer Notes, the rates at which Dollars are converted to Sterling or, as the
case may be, Sterling is converted to Dollars pursuant to the applicable
Current Issuer Dollar Currency Swap or, if there are no relevant Current
Issuer Dollar Currency Swap Agreements in effect at such time, in relation to
such class of Notes, the "spot" rate at which Dollars are converted to
Sterling or, as the case may be, Sterling is converted to Dollars, on the
foreign exchange markets;

"Current Issuer Dollar Currency Swaps" means, in relation to the Current
Issuer, the Sterling-Dollar currency swap transactions which enable the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Dollar
Notes in Dollars;

"Current Issuer Euro Account" means the account of the Current Issuer (account
number 10141623) held with the Current Issuer Account Bank, denominated in
Euro and maintained subject to the terms of the Current Issuer Bank Account
Agreement and the Current 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;

"Current Issuer Euro Currency Swap Agreements" means the ISDA Master
Agreements, Schedules and Confirmations thereto entered into on or about the
Closing Date and any Credit Support Annexes or other credit support documents
entered into at any time among the Current Issuer, the Current Issuer Euro
Currency Swap Provider, the Note Trustee and/or any credit support provider,
as may be amended, restated varied or supplemented from time to time and shall
include any additional and/or replacement currency swap agreement or
agreements entered into by the Current Issuer from time to time in connection
with the Current Issuer Notes;

"Current  Issuer Euro Currency Swap Provider"  means  Citibank N.A.,  London
Branch as swap  counterparty  to the Current Issuer under the Current Issuer
Euro Currency Swap Agreements;

"Current Issuer Euro Currency Swap Rates" means, in relation to the Current
Issuer Notes, the rates at which Euro is converted to Sterling or, as the case
may be, Sterling is converted to Euro pursuant to the applicable Current
Issuer Euro Currency Swap or, if there are no relevant Current Issuer Euro
Currency Swap Agreements in effect at such time, in relation to such class of
Notes, the "spot" rate at which Euro is converted to Sterling or, as the case
may be, Sterling is converted to Euro, on the foreign exchange markets;

"Current Issuer Euro Currency Swaps" means, in relation to the Current Issuer,
the Sterling-Euro currency swap transactions which enable the Current Issuer
to receive and pay amounts under the

                                      8
<PAGE>

Current Issuer Intercompany Loan in Sterling and to receive and pay amounts
under the Euro Notes in Euro;

"Current  Issuer  Event of  Default"  means a Current  Issuer  Note Event of
Default;

"Current Issuer Income Deficit" means the amount of the shortfall between
Current Issuer Available Revenue Receipts and the amounts required to pay
items (A) through (E) (inclusive), (G), (I) and (K) of the Current Issuer
Pre-Enforcement Revenue Priority of Payments;

"Current Issuer Intercompany Loan" means the loan made by the Current Issuer
to Funding on or about the Closing Date pursuant to the Current Issuer
Intercompany Loan Agreement;

"Current  Issuer  Intercompany  Loan  Agreement"  means together the Current
Issuer  Intercompany  Loan  Confirmation and the Intercompany Loan Terms and
Conditions;

"Current Issuer Intercompany Loan Confirmation" means the loan confirmation in
respect of the Current Issuer Intercompany Loan Agreement entered into on or
about the Closing Date and made between Funding, the Current Issuer, the
Security Trustee and the Current Issuer Agent Bank;

"Current  Issuer  Intercompany  Loan Event of Default"  means the occurrence
of an  Intercompany  Loan  Event of  Default  as  specified  in the  Current
Issuer Intercompany Loan Agreement;

"Current Issuer Jersey Enforcement Notice" has the meaning given to it in
Clause 7.2 of the Current Issuer Deed of Charge;

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

"Current Issuer Ledgers" means the Current Issuer Revenue Ledger, the Current
Issuer Principal Ledger, the Current Issuer Reserve Fund Ledger, the Current
Issuer Liquidity Reserve Ledger, the Current Issuer Principal Deficiency
Ledger and the Swap Collateral Ledger and any other ledger required to be
maintained pursuant to the Current Issuer Cash Management Agreement;

"Current Issuer Liquidity Reserve Fund" means the liquidity reserve fund in
Funding's name which Funding will be required to establish pursuant to the
Current Issuer Intercompany Loan Agreement 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 will not be
adversely affected). The Current Issuer Liquidity Reserve Fund, if any, will
be funded to the relevant Current Issuer Liquidity Reserve Required Amount;

"Current Issuer Liquidity Reserve Ledger" means a ledger maintained by the
Current Issuer Cash Manager in the name of Funding to record the amount
credited to the Current Issuer Liquidity Reserve Fund held by Funding in
respect of the Current Issuer on the Closing Date, and subsequent withdrawals
and deposits in respect of the Current Issuer Liquidity Reserve Fund;

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

"Current Issuer Master Definitions Schedule" means this master definitions
schedule relating to the Current Issuer and the Current Issuer Transaction
Documents signed for the purposes of identification by Sidley Austin Brown &
Wood and Allen & Overy on or about the Closing Date, as the same may be
amended, restated and supplemented from time to time;

                                      9
<PAGE>

"Current Issuer New Funding Secured Creditors" means the Current Issuer
Start-Up Loan Provider and the Current Issuer;

"Current Issuer Note Determination Date" means the Distribution Date
immediately preceding each Payment Date;

"Current Issuer Note Enforcement Notice" means a notice issued by the Note
Trustee to the Current Issuer and the Security Trustee declaring any of the
Current Issuer Notes to be due and repayable pursuant to Condition 9 of the
Current Issuer Notes;

"Current Issuer Note Event of Default" means the occurrence of an event of
default by the Current Issuer as specified in Condition 9 of the Current
Issuer Notes;

"Current Issuer Notes" means the US Notes and Reg S Notes issued by the
Current Issuer or any of them as the context may require;

"Current Issuer Paying Agent and Agent Bank Agreement" means the paying agent
and agent bank agreement to be entered into on or about the Closing Date
between, inter alios, the Current Issuer, the Note 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 and shall include any
additional and/or replacement paying agent and agent bank agreement entered
into by the Current Issuer from time to time in accordance with the
Transaction Documents;

"Current Issuer Post-Enforcement Call Option Agreement" means the
post-enforcement call option agreement to be entered into on or about the
Closing Date between the Current Issuer, the Current Issuer Post-Enforcement
Call Option Holder and the Note Trustee;

"Current Issuer Post-Enforcement Call Option Holder" means 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 Current Issuer
Post-Enforcement Call Option Agreement;

"Current Issuer Post-Enforcement Priority of Payments" means the order of
priority of payments in which Current Issuer Available Revenue Receipts,
Current Issuer Available Principal Receipts and all other monies and proceeds
received or recovered by or on behalf of the Current Issuer or the Note
Trustee or any Receiver will be applied following enforcement of the Current
Issuer Security and as set out in Schedule 2 to the Current Issuer Deed of
Charge (as the same may be amended or varied from time to time in accordance
with the Current Issuer Transaction Documents);

"Current Issuer Post-Liquidity Payments" means the payments set out in items
(H) through (M) under the Current Issuer Pre-Enforcement Revenue Priority of
Payments (or the relevant payments in the equivalent items under such other
Current Issuer Priority of Payments as may apply on that Payment Date);

"Current Issuer Post-Reserve Payments" means the payments set out in item (N)
under the Current Issuer Pre-Enforcement Revenue Priority of Payments (or the
relevant payments in the equivalent items under such other Current Issuer
Priority of Payments as may apply on that Payment Date);

"Current Issuer Post-Start-up Payments" means the payments set out in items
(O) and (P) under the Current Issuer Pre-Enforcement Revenue Priority of
Payments (or the relevant payments in the equivalent items under such other
Current Issuer Priority of Payments as may apply on that Payment Date);

                                      10
<PAGE>

"Current Issuer 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 Current Issuer Note Event of Default;

"Current Issuer Pre-Enforcement Principal Priority of Payments" means the
order of priority of payments in which the Current Issuer Available Principal
Receipts will be applied until enforcement of the Current Issuer Security as
set out in Schedule 2 to the Current Issuer Cash Management Agreement (as the
same may be amended or varied from time to time in accordance with the Current
Issuer Transaction Documents);

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

"Current Issuer Pre-Enforcement Revenue Priority of Payments" means the order
of priority of payments in which the Current Issuer Available Revenue Receipts
will be applied until enforcement of the Current Issuer Security as set out in
Schedule 2 to the Current Issuer Cash Management Agreement (as the same may be
amended or varied from time to time in accordance with the Current Issuer
Transaction Documents);

"Current Issuer Pre-Liquidity Payments" means the payments set out in items
(A) through (G) under the Current Issuer Pre-Enforcement Revenue Priority of
Payments (or the relevant payments in the equivalent items under such other
Current Issuer Priority of Payments as may apply on that Payment Date);

"Current Issuer Pre-Reserve Payments".  Not applicable to this transaction;

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

"Current Issuer Principal Deficiency Sub Ledger" means any of the Class A
Principal Deficiency Sub Ledger, the Class B Principal Deficiency Sub Ledger,
the Class M Principal Deficiency Sub Ledger, or the Class C
Principal Deficiency Sub Ledger;

"Current Issuer Principal Ledger" means the ledger maintained by the Current
Issuer Cash Manager pursuant to the Current Issuer Cash Management Agreement
to record the Current Issuer Principal Receipts standing to the credit of each
of the Current Issuer Transaction Accounts from time to
time;

"Current Issuer Principal Payments" means the payments set forth in items (A)
through (G) under the Current Issuer Pre-Enforcement Principal Priority of
Payments (or the relevant payments set forth in the equivalent items in such
other Current Issuer Priority of Payments as may apply on that Payment Date);

"Current Issuer Principal Receipts" means on any Payment Date principal
amounts repaid by Funding in respect of the Current Issuer Intercompany Loan
on such Payment Date;

                                      11
<PAGE>

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

"Current Issuer Reserve Fund" means the reserve fund established in the name
of Funding in respect of the Current Issuer as required under the terms of the
Current Issuer Intercompany Loan on the Closing Date in an amount up to the
Current Issuer Reserve Required Amount;

"Current Issuer Reserve Fund Ledger" means a ledger maintained by the Current
Issuer Cash Manager in the name of Funding to record the amount credited to
the Current Issuer Reserve Fund held by Funding in respect of the Current
Issuer on the Closing Date, and subsequent withdrawals and deposits in respect
of the Current Issuer Reserve Fund;

"Current Issuer Reserve Required Amount" means an amount equal to
(GBP)60,000,000;

"Current Issuer Reserve Requirement" means the Current Issuer Reserve
Requirement as the same relates to the Current Issuer and the Current Issuer
Reserve Fund;

"Current Issuer Revenue Ledger" means the ledger maintained by the Current
Issuer Cash Manager pursuant to the Current Issuer Cash Management Agreement
to record the Current Issuer Revenue Receipts standing to the credit of the
Current Issuer Transaction Accounts from time to time;

"Current Issuer Revenue Receipts" means for the Current Issuer in respect of
any Payment Date an amount equal to the sum of:

(1)   interest, fees and any other amount (not including principal), if any,
      paid by Funding on such Payment Date under the terms of the Current
      Issuer Intercompany Loan Agreement;

(2)   other net income of the Current Issuer (not otherwise included in (1)
      above or (3) below) including amounts received by the Current Issuer
      under or in accordance with the Basis Rate Swap Agreement (excluding
      Swap Collateral Excluded Amounts) and any early termination amounts
      (other than such early termination amounts applied or to be applied by
      the Current Issuer in the purchase of one or more replacement hedge
      transactions) received by the Current Issuer under the Current Issuer
      Swap Agreements;

(3)   interest received on the Current Issuer Bank Accounts and any income
      from Authorised Investments made with funds standing to the credit of
      the Current Issuer Bank Accounts, in each case which has been or will be
      received on or before such Payment Date,

(in each case for the avoidance of doubt not including amounts received in
respect of principal);

"Current Issuer Secured Creditors" means the Note Trustee (and any Receiver
appointed pursuant to the Current Issuer Deed of Charge), the Current Issuer
Swap Providers, the Current Issuer Corporate Services Provider, the Current
Issuer Account Bank, the Current Issuer Cash Manager, the Paying Agents, the
Agent Bank, the Registrar, the Transfer
Agent and the Noteholders;

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

"Current Issuer Security" means the security granted by the Current Issuer
under or pursuant to the Current Issuer Deed of Charge in favour of the Note
Trustee for the benefit of the Current Issuer Secured Creditors;

                                      12
<PAGE>

"Current Issuer Start-up Loan" means the start-up loan that the Current Issuer
Start-up Loan Provider shall make available to Funding pursuant to the Current
Issuer Start-up Loan Agreement;

"Current Issuer Start-up Loan Agreement" means the agreement entered into on
or about the Closing Date between Funding, the Current Issuer Start-up Loan
Provider and the Security Trustee relating to the provision of the Current
Issuer Start-up Loan to Funding as may be amended, restated, varied or
supplemented from time to time and shall include any additional and/or
replacement start-up loan agreement entered into by such parties in accordance
with the Current Issuer Transaction Documents;

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

"Current Issuer Sterling Account" means the account of the Current Issuer
(sort code 18-50-08, account number 10141631) held with the Current Issuer
Account Bank, denominated in Sterling and maintained subject to the terms of
the Current Issuer Bank Account Agreement and the Current 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;

"Current Issuer Subscription Agreement" means with respect to the Current
Issuer Notes, the subscription agreement relating to the sale of the Reg S
Notes, dated on or about 23 January, 2004 between the Current Issuer, Funding,
the Mortgages Trustee and the Managers;

"Current Issuer Swap Agreements" means the Current Issuer Basis Rate Swap
Agreement, the Current Issuer Dollar Currency Swap Agreements and the Current
Issuer Euro Currency Swap Agreements and "Current Issuer Swap Agreement" means
any one of them;

"Current Issuer Swap Providers" means the Current Issuer Basis Rate Swap
Provider, the Current Issuer Dollar Currency Swap Providers and the Current
Issuer Euro Currency Swap Provider and "Current Issuer Swap Provider" means
any one of them;

"Current Issuer Transaction Accounts" means the day to day bank accounts of
the Current Issuer, held with the Current Issuer Account Bank and comprising
the Current Issuer Euro Account, the Current Issuer Sterling Account and the
Current Issuer Dollar Account as at the Closing Date, or any other account of
the Current Issuer that may be opened, with the prior approval of the Note
Trustee, after the Closing Date, and maintained subject to the terms of the
Current Issuer Bank Account Agreement and the Current Issuer Deed of Charge;

"Current Issuer Transaction Document" means any of the following documents:

(a)   the Current Issuer Subscription Agreement;

(b)   the Current Issuer Underwriting Agreement;

(c)   the Current Issuer Intercompany Loan Agreement;

(d)   the Current Issuer Deed of Charge;

(e)   the Current Issuer Deed of Accession;

(f)   the Current Issuer Basis Rate Swap Agreement;

(g)   the Current Issuer Dollar Currency Swap Agreements;

                                      13
<PAGE>

(h)   the Current Issuer Euro Currency Swap Agreements;

(i)   the Current Issuer Trust Deed;

(j)   the Current Issuer Paying Agent and Agent Bank Agreement;

(k)   the Current Issuer Cash Management Agreement;

(l)   the Current Issuer Post-Enforcement Call Option Agreement;

(m)   the Current Issuer Bank Account Agreement;

(n)   the Current Issuer Notes;

(o)   the Current Issuer Corporate Services Agreement;

(p)   the Current Issuer Start-up Loan Agreement;

(q)   any Swap Collateral Ancillary Document; and

(r)   each other document entered into or to be entered into by the Current
      Issuer pursuant to or in connection with any of the above documents
      (including any agreement entered into by the Current Issuer as a
      replacement of any of the above agreements upon the termination
      thereof);

"Current Issuer Trust Deed" means the trust deed entered into on or about the
Closing Date between the Current Issuer and the Note Trustee constituting the
Current Issuer Notes;

"Current Issuer Underwriting Agreement" means in relation to the Current
Issuer Notes, the underwriting agreement relating to the sale of the US Notes,
dated on or about 23 January, 2004, among the Current Issuer, Funding, the
Mortgages Trustee and the Underwriters;

"Cut-Off Date" means 30 November, 2003;

"Deferred Interest" in relation to the Current Issuer Notes has the meaning
given to it under Condition 4 of the Current Issuer Notes;

"Designated Subsidiary" means a designated subsidiary of the Current Issuer
Post-Enforcement Call Option Holder, to be designated by notice from the
Current Issuer Post-Enforcement Call Option Holder to the Note Trustee at the
discretion of the Current Issuer Post-Enforcement Call Option Holder;

"Determination Date" means the first Business Day of any calendar month which
includes a Payment Date;

"Determination Period" means the period from (and including) the Closing Date
to (but excluding) the first Determination Date and thereafter from (and
including) one Determination Date to (but excluding) the next Determination
Date;

"Distribution Compliance Period" means, in relation to the Current Issuer
Notes, 40 days after the later of the commencement of the offering of the
Current Issuer Notes and the Closing Date;

"Dollar Currency Swap Agreements" means, in relation to the Current Issuer,
the Current Issuer Dollar Currency Swap Agreements and for any other Issuer,
the ISDA Master Agreements, Schedules, Confirmations and any Credit Support
Annexes or other credit support documents thereto entered into among such
Issuer, the related Dollar Currency Swap Provider, the Note Trustee and/or any
credit support provider, as may be amended, restated, varied or supplemented
from time to time and shall

                                      14
<PAGE>

include any additional and/or replacement dollar currency swap agreements
entered into by such Issuer from time to time in connection with the Notes
issued by such Issuer;

"Dollar Currency Swap Provider" means, in relation to the Current Issuer, the
Current Issuer Dollar Currency Swap Providers and for any other Issuer, the
Dollar Currency Swap Provider for such Issuer appointed from time to time in
accordance with the relevant Issuer Transaction Documents;

"Dollar Currency Swap Provider Default" means, in relation to the Current
Issuer, the occurrence of an Event of Default (as defined in the Current
Issuer Dollar Currency Swap Agreements) or a Downgrade Termination Event under
the Current Issuer Dollar Currency Swap Agreements where a Current Issuer
Dollar Currency Swap Provider is the Defaulting Party or the Affected Party
(as defined in the Current Issuer Dollar Currency Swap Agreements);

"Dollar Currency Swap Rates" means, in relation to the Current Issuer, the
Current Issuer Dollar Currency Swap Rates;

"Dollar Currency Swaps" means, in relation to the Current Issuer, the Current
Issuer Dollar Currency Swaps and for any other Issuer, the swap transaction(s)
documented under the Dollar Currency Swap Agreements for such Issuer;

"Dollar Global Note Certificates" means the Global Note Certificates issued in
respect of the Dollar Notes and the "Dollar Global Note Certificate" means any
one of them;

"Dollar Interest Determination Date" means two London Business Days before the
first day of the Interest Period for which the rate will apply;

"Dollar Notes" means, in relation to the Current Issuer, the Series 1 Notes
and, in relation to any other Issuer, the Notes issued by such Issuer in U.S.
Dollars;

"Downgrade Termination Event" in relation to the Current Issuer Basis Rate
Swap Provider, has the meaning given to it in the Current Issuer Basis Rate
Swap Agreement and in relation to any Current Issuer Currency Swap Provider,
has the meaning given to it in the relevant Current Issuer Currency Swap
Agreement;

"Drawdown Date" means, in respect of the Current Issuer Intercompany Loan, the
Closing Date and, in respect of an Intercompany Loan made by any other Issuer,
the date on which the relevant Intercompany Loan was made to Funding by such
Issuer;

"DTC Custodian" means Citibank, N.A. in its capacity as custodian for DTC in
respect of the Dollar Global Note Certificates;

"Euro Currency Swap Agreements" means, in relation to the Current Issuer, the
Current Issuer Euro Currency Swap Agreements and for any other Issuer, the
ISDA Master Agreements, Schedules, Confirmations, and any Credit Support
Annexes or other credit support documents thereto entered into among such
Issuer, the related Euro Currency Swap Provider, the Note Trustee and/or any
credit support provider, as may be amended, restated, varied or supplemented
from time to time and shall include any additional and/or replacement euro
currency swap agreements entered into by such Issuer from time to time in
connection with the Notes issued by such Issuer;

"Euro Currency Swap Provider" means, in relation to the Current Issuer, the
Current Issuer Euro Currency Swap Provider and for any other Issuer, the Euro
Currency Swap Provider for such Issuer appointed from time to time in
accordance with the relevant Issuer Transaction Documents;

                                      15
<PAGE>

"Euro Currency Swap Provider Default" means the occurrence of an Event of
Default (as defined in the Current Issuer Euro Currency Swap Agreements) or a
Downgrade Termination Event under the Current Issuer Euro Currency Swap
Agreements where the Current Issuer Euro Currency Swap Provider is the
Defaulting Party or Affected Party (as defined in the Current Issuer Euro
Currency Swap Agreements);

"Euro Currency Swap Rate" means, in relation to the Current Issuer, the
Current Issuer Euro Currency Swap Rate;

"Euro Currency Swaps" means, in relation to the Current Issuer, the Current
Issuer Euro Currency Swaps and for any other Issuer, the swap transaction(s)
documented under the Euro Currency Swap Agreements for such Issuer;

"Euro Global Note  Certificates"  means the Global Note Certificates  issued
in respect of the Euro Notes and the "Euro  Global Note  Certificate"  means
any one of them;

"Euro Interest Determination Date" means two TARGET Business Days before the
first day of the Interest Period for which the rate will apply;

"Euro Notes" means in relation to the Current Issuer, the Series 2 Notes and,
in relation to any other Issuer, the Notes issued by such Issuer in Euro;

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

(a)   in relation to the Current Issuer Notes, a Current Issuer Note Event of
      Default;

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

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

(d)   in relation to the Current Issuer Intercompany Loan Agreement, a Current
      Issuer Intercompany Loan Event of Default;

(e)   in relation to the Previous Issuer Intercompany Loan Agreements, the
      occurrence of an event of default pursuant to the Intercompany Loan
      Terms and Conditions of the such Previous Issuer;

(f)   in relation to any New Intercompany Loan Agreement, the occurrence of an
      event of default pursuant to the Intercompany Loan Terms and Conditions
      of such New Issuer;

"Exchange Date" has the meaning specified in each form of Global Note
Certificate attached as Schedule 1 to the Current Issuer Trust Deed;

"Extraordinary Resolution" in relation to the Current Issuer Notes has the
meaning set out in Schedule 4 to the Current Issuer Trust Deed;

"Final Maturity Date" means:

(a)   in respect of the Series 1 Class A1 Notes; the Payment Date falling in
      December 2004;

(b)   in respect of the Series 1 Class A2 Notes, the Payment Date falling in
      March 2025; and

(c)   and in respect of any other Current Issuer Notes, the Payment Date
      falling in March 2044;

                                      16
<PAGE>

"Final Repayment Date" means, in respect of the Current Issuer Intercompany
Loan, the Payment Date falling in March 2044 and in relation to any other
Intercompany Loan the date specified under the relevant Issuer Transaction
Documents;

"Financial Year" means, in relation to the Current Issuer, Holdings, the
Mortgages Trustee, Funding and the Current Issuer Post Enforcement Call Option
Holder, each twelve month period ending on the last day of the
calendar year;

"Fixed Rate Ratio" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement;

"Fixed Rate Spread" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement;

"Flexible Ratio" has the meaning given to it in the Current Issuer Basis Rate
Swap Agreement;

"Flexible Spread" has the meaning given to it in the Current Issuer Basis Rate
Swap Agreement;

"Flexible Swap Rate" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement;

"Form of Proxy" has the meaning specified in Schedule 4 to the Current Issuer
Trust Deed;

"Funding (Current Issuer) Bank Account Agreement" means the agreement entered
into on the Closing Date among the Account Bank, Funding and others which
governs the operation of the Funding (Current Issuer) GIC Account;

"Funding (Current Issuer) Guaranteed Investment Contract" means the guaranteed
investment contract entered into with respect to the Current Issuer among
Funding, the Funding GIC Provider and others, as amended from time to time,
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 (Current Issuer)
GIC Account;

"Funding (Current Issuer) GIC Account" means the account in the name of
Funding into which are deposited amounts in respect of the related Current
Issuer Reserve Fund and the Current Issuer Liquidity Reserve Fund, if any,
established for the benefit of the Current Issuer, which account is held at
the Account Bank and maintained subject to the terms of the related Funding
(Current Issuer) Guaranteed Investment Contract, the related Funding (Current
Issuer) 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;

"Global Note Certificates" means the note certificates in global form issued
in respect of the Current Issuer Notes, initially in the form of the US Global
Note Certificates and the Reg S Global Note Certificates or any of them and
"Global Note Certificate" means any one of them;

"Holder" or "holder" means, in relation to the Current Issuer Notes, the
person in whose name a Current Issuer Note, for the time being is registered
in the Register (or in the case of joint holders, the first named thereof);

"Individual Note Certificates" means the note certificates representing the
Current Issuer Notes in definitive form;

"Initial  Relevant Screen Rate" has the meaning  specified in Condition 4(C)
of the Current Issuer Notes;

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

                                      17
<PAGE>

(a)   an order is made or an effective resolution passed for the winding up of
      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 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  1986  (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,  administration,  reorganisation (other than a
      reorganisation   where  the  Relevant  Entity  is  solvent)  or  other
      similar  laws,  save where such  proceedings  are being  contested  in
      good faith; or an administrative  or other receiver,  administrator 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 or  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;

and in respect of the Current Issuer and Funding (for the purposes of this
definition, a "Relevant Entity"), means:

(a)   except  for  the  purposes  of an  amalgamation  or  restructuring  as
      described  in  sub-clause  (b) below,  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 1986 (as amended,  modified or  re-enacted) or becomes
      unable to pay its debts  within the  meaning of section  123(2) of the
      Insolvency Act 1986 (as 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 (except for the purposes of or pursuant to an
      amalgamation, restructuring or merger previously approved by the Note
      Trustee or the Security Trustee, as the case may be (or as approved in
      writing by an Extraordinary Resolution (as defined in the Current 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, presentation of a
      petition for an administration order) and (except in the case of
      presentation of a petition for an administration order) such proceedings
      are not, in the opinion of the Note Trustee or the 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, 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,

                                      18
<PAGE>

      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,
      insolvency, composition, reorganisation or other similar laws or making
      a conveyance or assignment for the benefit of its creditors generally;

"Interest Amounts" has the meaning given to it under Condition 4(D) of the
Current Issuer Notes;

"Interest Determination Date" means, in relation to the Current Issuer Notes:

(a)   in respect of the US Notes, the date which is two London Business Days
      before the first day of the Interest Period for which the relevant
      interest rate will apply;

(b)   in respect of the Sterling Notes, in respect of the first Interest
      Period, the Closing Date, and in respect of subsequent Interest Periods,
      the first day of the Interest Period for which the relevant interest
      rate will apply; and

(c)   in respect of the Euro Notes, the date which is two TARGET Business Days
      before the first day of the Interest Period for which the relevant
      interest rate will apply;

"Interest Payment Date" means:

(a)   in relation to the Series 1 Class A1 Notes, the 20th day of each
      consecutive month in each year commencing on the Interest Payment Date
      falling in February 2004 up to and including the earliest of:

      (i) the Interest Payment Date in December 2004;

      (ii) the occurrence of a Trigger Event; or

      (iii) enforcement of the Issuer Security,

      and thereafter the 20th day of March, June, September or December in
      each year (or, in each case, if such day is not a Business Day, the next
      succeeding Business Day); and

(b)   in relation to the Current Issuer Notes (other than the Series 1 Class
      A1 Notes), the 20th day of January, April, July and October in each
      year;

"Interest Period" means:

(a)   in relation to each of the Current Issuer Notes, (i) with respect to the
      first Interest Payment Date, the period from (and including) the Closing
      Date to (but excluding) such Interest Payment Date, and (ii) thereafter,
      the period from (and including) the immediately preceding Interest
      Payment Date for such Current Issuer Note to (but excluding) the next
      following Interest Payment Date for such Current Issuer Note; and

(b)   in relation to the Current Issuer Start-up Loan, the period from (and
      including) the immediately preceding Payment Date (or in respect of the
      first Interest Period, the Closing Date) to (but excluding) the next
      following (or first) Payment Date.

"Issuer Amount" has the meaning given to it in the Current Issuer Basis Rate
Swap Agreement;

"Jersey Secured Property" means, as the context requires, the Current Issuer
Jersey Secured Property or the Funding Jersey Secured Property;

                                      19
<PAGE>

"Jersey Security Interest" means a Security Interest created in accordance
with Jersey law pursuant to any relevant Transaction Document;

"Junior Noteholders" means the holders for the time being of the Class C
Notes;

"Junior Notes" means, in relation to the Current Issuer, the Class C Notes;

"Lead Managers" means, in relation to the Current Issuer Notes (1) in respect
of the US Notes, Barclays Capital Inc., Citigroup Global Markets Limited and
J.P. Morgan Securities Inc. and (2) in respect of the Reg S Notes, Barclays
Bank PLC, Citigroup Global Markets Limited and J.P. Morgan Securities Ltd.;

"Managers"  means,  in  relation  to the Reg S Notes  issued by the  Current
Issuer,  Barclays Bank PLC,  Citigroup Global Markets  Limited,  J.P. Morgan
Securities  Ltd.,  ING Belgium  SA/NV,  Credit Suisse First Boston  (Europe)
Limited, Deutsche Bank AG London and UBS Limited;

"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;

"Mezzanine Noteholders" means the holders for the time being of the Class B
Notes;

"Mezzanine Notes" means, in relation to the Current Issuer, the Class B Notes;

"Money Market Notes" means, in relation to the Current Issuer, the Series 1
Class A1 Notes;

"Note  Certificates"  means any Global Note  Certificates or Individual Note
Certificates;

"Note Determination Date" means, in relation to the Current Issuer Notes, the
Current Issuer Note Determination Date, in relation to Notes issued by any
other Issuer, the Distribution Date immediately preceding the relevant Payment
Date;

"Note Enforcement Notice" means, in relation to the Current Issuer, the
Current Issuer Note Enforcement Notice and in relation to any other Issuer, a
notice issued by the Note Trustee to such Issuer and the Security Trustee on
the occurrence of a Note Event of Default, declaring the Notes issued by that
Issuer or any class of such Notes to be due and repayable pursuant to the
Conditions of such Notes;

"Note Event of Default" means, in relation to the Current Issuer, a Current
Issuer Note Event of Default 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;

"Noteholders" means, in relation to the Current Issuer Notes, the Class A
Noteholders, the Class B Noteholders, the Class M Noteholders and the Class C
Noteholders or any of them, in relation to Notes issued by any other Issuer,
the holders for the time being of such Notes;

"Notes" means, in relation to the Current Issuer, the Current 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 Current Issuer Notes,
Condition 14 of the Current Issuer Notes and, in the case of Notes issued by
any other Issuer, the relevant equivalent Condition of such Notes;

                                      20
<PAGE>

"Offering Circular" means, in relation to the Current Issuer Notes, the
offering circular dated 23 January 2004 relating to the issue of the Reg S
Notes and, in relation to Notes issued by any other Issuer, the offering
circular relating to the Reg S Notes issued by such Issuer including, in each
case, the Prospectus attached thereto;

"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 Current 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 Current
Issuer or to an affiliate of the Current 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 Current Issuer Trust Deed if and
to the extent required by the provisions hereof;

"Paying Agent and Agent Bank Agreement" means, in relation to the Current
Issuer, the Current Issuer Paying Agent and Agent Bank Agreement, 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 Current Issuer Paying and
Agent Bank Agreement or, if applicable, any successor paying agents;

"Payment Date" means, in relation to the Current Issuer Notes, the 20th day of
March, June, September and December of each year, beginning in March 2004 or,
in each case, if such day is not a Business Day, the next succeeding Business
Day;

"Pool Factor" has the meaning specified in Condition 5(C) of the Current
Issuer Notes;

"Potential Current Issuer Event of Default" has the same meaning as "Potential
Note Event of Default";

"Preliminary Offering Circular" means, in relation to the Current Issuer
Notes, the preliminary offering circular dated 7 January 2004 relating to the
Reg S Notes and, 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;

"Preliminary Prospectus" means, in relation to the Current Issuer Notes, the
preliminary prospectus dated 7 January 2004 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;

"Principal Amount Outstanding" in relation to the Current Issuer Notes, has
the meaning set out in Condition 5(C) of the Current 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 Current Issuer Notes,
Citibank, N.A., whose principal office is 5 Carmelite Street, London EC4Y 0PA,
in its capacity as principal paying agent at its specified office initially
appointed as a principal paying agent pursuant to the Current Issuer Principal
Paying and Agent Bank Agreement or, if applicable, any successor principal
paying agent at its specified office;

                                      21
<PAGE>

"Prospectus" means, in relation to the Current Issuer Notes, the prospectus
dated 23 January, 2004 relating to the US 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 Current Issuer Trust
Deed;

"Rate of Interest" in relation to the Current Issuer Notes, has the meaning
given in Condition 4 of the Current Issuer Notes 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 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 or any bank that replaces such bank;

"Reference Lenders" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement;

"Reg S Notes" means, in relation to the Current Issuer, the Series 2 Notes and
the Series 3 Notes;

"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 Current Issuer Notes, means Citibank, N.A.,
acting through its office at 5 Carmelite Street, London EC4Y 0PA appointed
initially pursuant to the Current Issuer Paying Agent and Agent Bank Agreement
or, if applicable, any successor registrar at its specified office, and
procured by the Current Issuer to maintain the Register;

"Registration Statement" means the registration statement on Form S-11 (No.
333-107463) as filed with the SEC;

"Regulation S Legend" has the meaning given to it in Section 16 of Schedule 2
to the Current Issuer Paying Agent and Agent Bank Agreement;

"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 Current Issuer Paying Agent and Agent Bank Agreement;

"Relevant Margin" has the meaning specified in Condition 4 of the Current
Issuer Notes;

"Relevant Note" has the meaning specified in Schedule 4 to the Current Issuer
Trust Deed;

"Relevant Screen Rate" has the meaning specified in Condition 4 of the Current
Issuer Notes;

"Representative" has the meaning specified in Schedule 4 to the Current Issuer
Trust Deed;

"Security Documents" means the Current Issuer Deed of Charge, the Funding Deed
of Charge and each Deed of Accession entered into pursuant to the Funding Deed
of Charge and any other security document entered into pursuant to any of the
foregoing;

                                      22
<PAGE>

"Senior Noteholders" means the holders for the time being of the Class A
Notes;

"Senior Notes" means, in relation to the Current Issuer, the Class A Notes;

"Series 1 Class A1 Dollar Currency Swap" means, in relation to the Current
Issuer, the Sterling-Dollar currency swap transaction which enables the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Series
1 Class A1 Notes in Dollars;

"Series 1 Class A2 Dollar Currency Swap" means, in relation to the Current
Issuer, the Sterling-Dollar currency swap transaction which enables the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Series
1 Class A2 Notes in Dollars;

"Series 1 Class A1 Dollar Currency Swap Provider" means Swiss Re Financial
Products Corporation;

"Series 1 Class A2 Dollar Currency Swap Provider" means Swiss Re Financial
Products Corporation;

"Series 1 Class A1 Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 1 Class A1 Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the Current Issuer Trust
Deed;

"Series 1 Class A2 Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 1 Class A2 Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the Current Issuer Trust
Deed;

"Series 1 Class A Global Note Certificates" means the Series 1 Class A1 Global
Note Certificate and the Series 1 Class A2 Global Note Certificate and the
"Series 1 Class A Global Note Certificate" means any one of them;

"Series 1 Class A Noteholders" means the Series 1 Class A1 Noteholders and the
Series 1 Class A2 Noteholders or any of them;

"Series 1 Class A1 Noteholders" means the holders for the time being of the
Series 1 Class A1 Notes;

"Series 1 Class A2 Noteholders" means the holders for the time being of the
Series 1 Class A2 Notes;

"Series 1 Class A Notes" means the Series 1 Class A1 Notes and the Series 2
Class A2 Notes or any of them;

"Series 1 Class A1 Notes" means the notes comprising the $1,185,000,000
Floating Rate Notes due December 2004 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 1 Class A1 Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 1 Class A1 Global Note Certificate for
so long as it has not been exchanged in accordance with the terms thereof;

                                      23
<PAGE>

"Series 1 Class A2 Notes" means the notes comprising the $1,185,000,000
Floating Rate Notes due March 2025 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 1 Class A2 Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 1 Class A2 Global Note Certificate for
so long as it has not been exchanged in accordance with the terms thereof;

"Series 1 Class B Dollar Currency Swap" means, in relation to the Current
Issuer, the Sterling-Dollar currency swap transaction, which enables the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Series
1 Class B Notes in Dollars;

"Series 1 Class B Dollar Currency Swap Provider" means Swiss Re Financial
Products Corporation;

"Series 1 Class B Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 1 Class B Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 1 Class B Noteholders" means the holders for the time being of the
Series 1 Class B Notes;

"Series 1 Class B Notes" means the notes comprising the $52,000,000 Floating
Rate Notes due March 2044 constituted by the Current Issuer Trust Deed in or
substantially in the forms set out in Schedules 1 and 2 thereto and for the
time being outstanding or, as the case may be, a specific number thereof and
including any replacement Series 1 Class B Notes issued pursuant to Condition
13 and (except for the purposes of Clause 3.1 (Global Note Certificates) and
Clause 3.2 (Form of Global Note Certificates) of the Current Issuer Trust
Deed) the Series 1 Class B Global Note Certificate for so long as it has not
been exchanged in accordance with the terms thereof;

"Series 1 Class M Dollar Currency Swap" means, in relation to the Current
Issuer, the Sterling-Dollar currency swap transaction, which enables the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Series
1 Class M Notes in Dollars;

"Series 1 Class M Dollar  Currency Swap  Provider"  means Swiss Re Financial
Products Corporation;

"Series 1 Class M Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 1 Class M Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 1 Class M Noteholders" means the holders for the time being of the
Series 1 Class M Notes;

"Series 1 Class M Notes" means the notes comprising the $72,000,000 Floating
Rate Notes due March 2044 constituted by the Current Issuer Trust Deed in or
substantially in the forms set out in Schedules 1 and 2 thereto and for the
time being outstanding or, as the case may be, a specific number thereof and
includes any replacement Series 1 Class M Notes issued pursuant to Condition
13 and (except for the purposes of Clause 3.1 (Global Note Certificates) and
Clause 3.2 (Forms of Global

                                      24
<PAGE>

Note Certificates) of the Current Issuer Trust Deed) the Series 1 Class M
Global Note Certificate for so long as it has not been exchanged in accordance
with the terms thereof;

"Series 1 Class C Dollar Currency Swap" means, in relation to the Current
Issuer, the Sterling-Dollar currency swap transaction, which enables the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Series
1 Class C Notes in Dollars;

"Series 1 Class C Dollar Currency Swap Provider" means Swiss Re Financial
Products Corporation;

"Series 1 Class C Global Note Certificate" means the
Global Note Certificate to be issued in respect of the Series 1 Class C Notes
pursuant to Clause 3.1 (Global Note Certificates) of the Current Issuer Trust
Deed in the form or substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 1 Class C Noteholders" means the holders for the time being of the
Series 1 Class C Notes;

"Series 1 Class C Notes" means the notes comprising the $108,000,000 Floating
Rate Notes due March 2044 constituted by the Current Issuer Trust Deed in or
substantially in the forms set out in Schedules 1 and 2 thereto and for the
time being outstanding or, as the case may be, a specific number thereof and
includes any replacement Series 1 Class C Notes issued pursuant to Condition
13 and (except for the purposes of Clause 3.1 (Global Note Certificates) and
Clause 3.2 (Forms of Global Note Certificates) of the Current Issuer Trust
Deed) the Series 1 Class C Global Note Certificate for so long as it has not
been exchanged in accordance with the terms thereof;

"Series 1 Global Note Certificates" means collectively the Series 1 Class A
Global Note Certificates, the Series 1 Class B Global Note Certificate, the
Series 1 Class M Global Note Certificate and the Series 1 Class C Global Note
Certificate and "Series 1 Global Note Certificate" means any
one of them;

"Series 1 Notes" means collectively the Series 1 Class A Notes, the Series 1
Class B Notes, the Series 1 Class M Notes and the Series 1 Class C Notes;

"Series 2 Class A1 Dollar Currency Swap" means in relation to the Current
Issuer, the Sterling-Dollar currency swap transaction, which enables the
Current Issuer to receive and pay amounts under the Current Issuer
Intercompany Loan in Sterling and to receive and pay amounts under the Series
2 Class A1 Notes in Dollars;

"Series 2 Class A1 Dollar Currency Swap Provider" means Banque AIG;

"Series 2 Class A1 Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 2 Class A Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 2 Class A2 Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 2 Class A2 Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the Current Issuer Trust
Deed;

"Series 2 Class A Noteholders" means the holders for the time being of the
Series 2 Class A Notes;

"Series 2 Class A Notes" means the Series 2 Class A1 Notes and the Series 2
Class A2 Notes;

                                      25
<PAGE>

"Series 2 Class A1 Notes" means the notes comprising the $1,185,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 2 Class A1 Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 2 Class A1 Global Note Certificate for
so long as it has not been exchanged in accordance with the terms thereof;

"Series 2 Class A2 Notes" means the notes comprising the (euro)900,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 2 Class A Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 2 Class A Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 2 Class A2 Euro Currency Swap" means, in relation to the Current
Issuer, the Sterling-Euro currency swap transaction which enables the Current
Issuer to receive and pay amounts under the Current Issuer Intercompany Loan
in Sterling and to receive and pay amounts under the Series 2 Class A2 Notes
in Euro;

"Series 2 Class A2 Euro Currency  Swap  Provider"  means the Current  Issuer
Euro Currency Swap Provider;

"Series 2 Class B Euro Currency Swap" means, in relation to the Current
Issuer, the Sterling-Euro currency swap transaction which enables the Current
Issuer to receive and pay amounts under the Current Issuer Intercompany Loan
in Sterling and to receive and pay amounts under the Series 2 Class B Notes in
Euro;

"Series 2 Class B Euro  Currency  Swap  Provider"  means the Current  Issuer
Euro Currency Swap Provider;

"Series 2 Class B Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 2 Class B Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 2 Class B Noteholders" means the holders for the time being of the
Series 2 Class B Notes;

"Series 2 Class B Notes" means the notes each comprising the (euro)91,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 2 Class B Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 2 Class B Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 2 Class M Euro Currency Swap" means, in relation to the Current
Issuer, the Sterling-Euro currency swap transaction which enables the Current
Issuer to receive and pay amounts under the Current Issuer Intercompany Loan
in Sterling and to receive and pay amounts under the Series 2 Class M Notes in
Euro;

                                      26
<PAGE>

"Series 2 Class M Euro  Currency  Swap  Provider"  means the Current  Issuer
Euro Currency Swap Provider;

"Series 2 Class M Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 2 Class M Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 2 Class M Noteholders" means the holders for the time being of the
Series 2 Class M Notes;

"Series 2 Class M Notes" means the notes each comprising the (euro)45,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 2 Class M Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 2 Class M Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 2 Class C Euro Currency Swap" means, in relation to the Current
Issuer, the Sterling-Euro currency swap transaction which enables the Current
Issuer to receive and pay amounts under the Current Issuer Intercompany Loan
in Sterling and to receive and pay amounts under the Series 2 Class C Notes in
Euro;

"Series 2 Class C Euro  Currency  Swap  Provider"  means the Current  Issuer
Euro Currency Swap Provider;

"Series 2 Class C Global Note Certificate means the Global Note Certificate to
be issued in respect of the Series 2 Class C Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 2 Class C Noteholders" means the holders for the time being of the
Series 2 Class C Notes;

"Series 2 Class C Notes" means the notes comprising the (euro)60,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 2 Class C Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 2 Class C Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 2 Global Note Certificates" means collectively the Series 2 Class A
Global Note Certificate, the Series 2 Class B Global Note Certificate, the
Series 2 Class M Global Note Certificate and the Series 2 Class C Global Note
Certificate and "Series 2 Global Note Certificate" means any
one of them;

"Series 2 Notes" means collectively the Series 2 Class A Notes, the Series 2
Class B Notes, the Series 2 Class M Notes and the Series 2 Class C Notes;

"Series 3 Class A Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 3 Class A Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer

                                      27
<PAGE>

Trust Deed in the form or substantially in the form set out in Schedule 1 of
the Current Issuer Trust Deed;

"Series 3 Class A Noteholders" means the holders for the time being of the
Series 3 Class A Notes;

"Series 3 Class A Notes" means the notes comprising the (GBP)600,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 3 Class A Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 3 Class A Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 3 Class B Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 3 Class B Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 3 Class B Noteholders" means the holders for the time being of the
Series 3 Class B Notes;

"Series 3 Class B Notes" means the notes comprising the (GBP)23,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 3 Class B Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 3 Class B Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 3 Class M Global Note Certificate" means the Global Note Certificate
to be issued in respect of the Series 3 Class M Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 3 Class M Noteholders" means the holders for the time being of the
Series 3 Class M Notes;

"Series 3 Class M Notes" means the notes comprising the (GBP)10,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in Schedules 1 and 2 thereto and
for the time being outstanding or, as the case may be, a specific number
thereof and including any replacement Series 3 Class M Notes issued pursuant
to Condition 13 and (except for the purposes of Clause 3.1 (Global Note
Certificates) and Clause 3.2 (Forms of Global Note Certificates) of the
Current Issuer Trust Deed) the Series 3 Class M Global Note Certificate for so
long as it has not been exchanged in accordance with the terms thereof;

"Series 3 Class C Global Note Certificate means the Global Note Certificate to
be issued in respect of the Series 3 Class C Notes pursuant to Clause 3.1
(Global Note Certificates) of the Current Issuer Trust Deed in the form or
substantially in the form set out in Schedule 1 of the
Current Issuer Trust Deed;

"Series 3 Class C Noteholders" means the holders for the time being of the
Series 3 Class C Notes;

"Series 3 Class C Notes" means the notes comprising the (GBP)20,000,000
Floating Rate Notes due March 2044 constituted by the Current Issuer Trust
Deed in or substantially in the forms set out in

                                      28
<PAGE>

Schedules 1 and 2 thereto and for the time being outstanding or, as the case
may be, a specific number thereof and including any replacement Series 3 Class
C Notes issued pursuant to Condition 13 and (except for the purposes of Clause
3.1 (Global Note Certificates) and Clause 3.2 (Forms of Global Note
Certificates) of the Current Issuer Trust Deed) the Series 3 Class C Global
Note Certificate for so long as it has not been exchanged in accordance with
the terms thereof;

"Series 3 Global Note Certificates" means collectively the Series 3 Class A
Global Note Certificate, the Series 3 Class B Global Note Certificate, the
Series 3 Class M Global Note Certificate and the Series 3 Class C Global Note
Certificate and "Series 3 Global Note Certificate" means any
one of them;

"Series 3 Notes" means collectively the Series 3 Class A Notes, the Series 3
Class B Notes, the Series 3 Class M Notes and the Series 3 Class C Notes;

"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 Current
Issuer Paying Agent and Agent Bank Agreement or such other specified notice as
may be notified to the Current Issuer and the Note Trustee pursuant to the
Current Issuer Paying Agent and Agent Bank Agreement;

"Step-up Date" means the Payment Date in respect of an Issuer on which the
interest rate on the Notes issued by such Issuer increases by a pre-determined
amount following the payment made by such Issuer on such Payment Date, which
date in respect of the Current Issuer is the Payment Date occurring in March
2009;

"Sterling Global Note Certificates" means the Global Note Certificates issued
in respect of the Sterling Notes and the "Sterling Global Note Certificate"
means any one of them;

"Sterling Notes" means, in relation to the Current Issuer, the Series 3 Notes
and, in relation to any other Issuer, the Notes issued by such Issuer in
Sterling;

"Subordinated Principal Test" in respect of the Current Issuer Notes, means
the test which is satisfied if the following conditions are met:

(1)   in respect of the Series 1 Notes on any Payment Date up to and including
      the Step-Up Date, the aggregate principal amount of the Series 1 Class A
      Notes has been reduced to zero; and

(2)   in respect of the Series 1 Notes on any Payment Date after the Step-Up
      Date and in respect of the Series 2 Notes and the Series 3 Notes,

      (a)   on any Payment Date occurring on or after the fourth anniversary
            of the Closing Date; and

      (b) on any Payment Date on which:

            (i)   the percentage equal to the aggregate Principal Amount
                  Outstanding of the Class B Notes, the Class M Notes and the
                  Class C Notes at that Payment Date as a percentage of the
                  aggregate Principal Amount Outstanding of the Notes as at
                  that Payment Date is greater than

            (ii)  the product of (x)2 and (y) the percentage equal to the
                  Aggregate Principal Amount Outstanding of the Class B Notes
                  , the Class M Notes and the Class C Notes, as at the Closing
                  Date as a percentage of the aggregate Principal Amount
                  Outstanding of the Notes as at the Closing Date.

                                      29
<PAGE>

"Swap Collateral" means any asset (including, without limitation, Cash and/or
securities) paid or transferred to the Current Issuer by a Current Issuer Swap
Provider in accordance with the terms of the relevant Current Issuer Swap
Agreement as collateral to secure the performance of that Current Issuer Swap
Provider's obligations under the relevant Current Issuer Swap Agreement
together with any income or distributions received in respect of such asset
and any equivalent of or replacement of such asset into which such asset is
transformed;

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

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

"Swap Collateral Available Principal Amount" means, at any time, the amount of
Swap Collateral which under the terms of the relevant Current Issuer Swap
Agreement may be applied at that time in satisfaction of the relevant Current
Issuer Swap Provider's obligations to the Current Issuer to the extent that
such obligations relate to payments to be made in connection with the Current
Issuer Pre-Enforcement Principal Priority of Payments or Current Issuer
Post-Enforcement Priority of Payments, as the case may be;

"Swap Collateral Available Revenue Amount" means, at any time, the amount of
Swap Collateral which under the terms of the relevant Current Issuer Swap
Agreement may be applied at that time in satisfaction of the relevant Current
Issuer Swap Provider's obligations to the Current Issuer to the extent that
such obligations relate to payments to be made in connection with the Current
Issuer Pre-Enforcement Revenue Priority of Payments or Current Issuer
Post-Enforcement Priority of Payments, as the case may be;

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

"Swap Collateral Excluded Amount" means, at any time, the amount of Swap
Collateral which may not be applied at that time in satisfaction of the
relevant Current Issuer Swap Provider's obligations to the Current Issuer
under the terms of the relevant Current Issuer Swap Agreement;

"Swap Collateral Ledger" means the ledger and any sub-ledgers maintained by
the Current Issuer Cash Manager in the books of the Current Issuer in
accordance with Clause 5.6 (Posted Collateral) of the Current Issuer Cash
Management Agreement;

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

"Swap  Provider  Amount" has the meaning  given to it in the Current  Issuer
Basis Rate Swap Agreement;

"Swap Replacement Payment" means any amount received by the Current Issuer
from a replacement to any of the Current Issuer Swap Providers upon entry by
the Current Issuer into an agreement with such replacement swap provider
replacing a Current Issuer Swap Agreement which has terminated following the
occurrence of a Downgrade Termination Event;

                                      30
<PAGE>

"Tax Credit" has the meaning, where applicable, given to it in each Current
Issuer Swap Agreement;

"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);

"Three Month LIBOR" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement; "Transaction Document" means any of the following
documents:

(a) the Mortgages Trust Deed;

(b) the Mortgage Sale Agreement;

(c) the Funding Deed of Charge;

(d) the Second Priority Funding Deed of Charge;

(e) the Administration Agreement;

(f) the Cash Management Agreement;

(g) the Funding Guaranteed Investment Contract;

(h) the Mortgages Trustee Guaranteed Investment Contract;

(i) the Bank Account Agreement;

(j) the Collection Bank Agreement;

(k) the Share Trust Deed;

(l) the Corporate Services Agreement; and

(m) the Current Issuer Transaction Documents;

"Transfer Agent" means Citibank, N.A., acting through its Specified Office at
5 Carmelite Street, London EC4Y 0PA, and initially appointed by the Current
Issuer under the Current Issuer Paying Agent and Agent Bank Agreement to
administer the transfer of Current Issuer Notes, or such other person for the
time being acting as Transfer Agent under the Current Issuer Paying Agent and
Agent Bank Agreement;

"Trust Deed" means, in relation to the Current Issuer, the Current Issuer
Trust Deed and, in relation to any other Issuer, the trust deed entered into
on the relevant Closing Date constituting the Notes issued by such Issuer;

"Trustee Acts" means both the Trustee Act 1925 and the Trustee Act 2000 of
England and Wales;

"Underwriters"  means,  in  relation  to the US Notes  issued by the Current
Issuer,  Barclays  Capital Inc.,  Citigroup  Global  Markets  Limited,  J.P.
Morgan  Securities  Inc.,  Lehman  Brothers Inc. and Merrill Lynch,  Pierce,
Fenner & Smith Incorporated;

"US Notes" means, in relation to the Current Issuer, the Series 1 Notes;

"US Paying  Agent" means  Citibank N.A.  acting  through its New York office
as paying agent in the United States of America;

                                      31
<PAGE>

"Variable Rate Ratio" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement;

"Variable Rate Spread" has the meaning given to it in the Current Issuer Basis
Rate Swap Agreement;

"Variable Rate Swap SVR" has the meaning given to it in the Current Issuer
Basis Rate Swap Agreement; and

"Weighted Average Fixed Rate" has the meaning given to it in the Current
Issuer Basis Rate Swap Agreement.

2.    Interpretation and Construction

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;

      "disposal" shall be construed as any sale, lease, transfer, conveyance,
      assignment, assignation, licence, sub-licence or other disposal and
      "dispose" shall be construed accordingly;

      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;

      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

                                      32
<PAGE>

      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.

2.1   "(GBP)", "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 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;

                                      33
<PAGE>

      (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   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.

                                      34
<PAGE>

<TABLE>
<CAPTION>

                                                              SCHEDULE 1

                                                        STANDARD DOCUMENTATION

                                     Part 1 Documents Used in the Origination of any Mortgage Type
<S>     <C>                                             <C>                     <C>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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             DEV 93                  From 19 Jun 1995
        Once Your 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             DEV 93                  From 1 Sept 1996
        Once Your 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
------------------------------------------------------------------------------------------------------------------------

                                      35
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A21     Hard to Beat - Keeping the Benefits             MAR 9                   From 1 Oct 1997
        Once Your 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
------------------------------------------------------------------------------------------------------------------------

                                      36
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A43     Be straight with me - Mortgage costs            MAR 244/9815            From 4 Mar 2000 to Apr 2000
        in black and white                              4.3.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A44     Safe & Sure - Keeping the Benefits              MAR 9/9895              From 14 Mar 2000
        Once Your Mortgage Ends                         14.3.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A45     Be straight with me - Mortgage costs            MAR 244/10029           From 27 Apr 2000 to Jan 2001
        in black and white                              27.4.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A46     Give me the facts - Mortgage details            MAR 235/9666 and        From 1 May 2000 to Oct 2000
        explained 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            MAR 235/10554 and       From Oct 2000 to Jan 2001
        explained 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            MAR 244/10868           From 10 Jan 2001 to Feb 2001
        in black and white                              10.1.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A52     Be straight with me - Mortgage costs            MAR 244/10998           From 8 Feb 2001 to Apr 2001
        in black and white                              8.2.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A53     Be straight with me - Mortgage costs            MAR 244/11170           From 5 Apr 2001 to May 2001
        in black and white                              5.4.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A54     Be straight with me - Mortgage costs            MAR 244/11281           From 10 May 2001 to Aug 2001
        in black and white                              10.5.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A55     Be straight with me - Mortgage costs            MAR 244/11592           From 2 Aug 2001 to Sep 2001
        in black 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            MAR 244/11592           From 3 Sep 2001 to Sep 2001
        in black and white                              3.9.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A58     Be straight with me - Mortgage costs            MAR 244/11807           From 19 Sep 2001 to Oct 2001
        in black and white                              19.9.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A59     Be straight with me - Mortgage costs            MAR 244/11855           From 4 Oct 2001 to Nov 2001
        in black and white                              4.10.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------

                                      37
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------
A60     Be straight with me - Mortgage costs            MAR 244/11973           From 8 Nov 2001
        in black and white                              8.11.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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            MAR 244/12859           From 26 Jul 2002
        in black 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            MAR 244/12123           From 10 Oct 2002
        in black and white                              10.10.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A71     Hard to Beat - Keeping the Benefits             MAR 9                   From 1 Oct 1997
        Once Your 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            MAR 9/12337             Valid until further notice
        benefits 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 -
        Guarantee                                       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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      38
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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        MAR 236                 Valid until further notice -
        14 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     Intermediaries - Mortgage Product Update No.    MAR 035/14201           Valid 9.9.2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A100    Mortgage Deals to Suit Everyone - Update 9th    MAR 236                 Valid until further notice
        September 2003                                                          9.9.2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A101    Intermediaries - Mortgage Product               MAR 035/14374           Valid 14.10.2003
        Update No. 11
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A102    Mortgage Deals to Suite Everyone - Update       MAR 236                 Valid until further notice
        14th October 2003                                                       14.10.2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
A103    Mortgage Costs in Black and White               MAR 244/14379           Valid until further notice -
                                                                                14.10.2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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 Sept 2000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      39
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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 June 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 Sept 2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
B13     Update 19th September 2001                      MAR 236 19.9.2001       From 19 Sept 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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      40
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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                MAR 466/14234           Valid until further notice
        9th September                                                           09 Sep 2003

------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
B31     Mortgages for Landlords - Update                MAR 466/14380           Valid until further notice
        14th October                                                            14 Oct 2003

------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      41
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      42
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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                                         From July 2001 - used in
        Rock copy] 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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      43
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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 July 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
F19     Product Transfer - General Conditions           SB/T&C/FLEX/05/02       From May 2002
        (Flexible) 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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      44
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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               ADV282/00701            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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
H4      Agreement and Undertaking                       JAGO3/0500              From May 2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
H5      Agreement and Undertaking                       UNDERTAKE June          From June 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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      45
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

I7      Mortgage of Life Policy                         SEC 16 /10.97           From Oct 1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I8      Guarantors Confirmation (Existing               ADV 266.10/97           From Oct 1997
        Borrowers) Northern Rock Building
        Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I9      Guarantors Confirmation                         ADV 265.10/97           From Oct 1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I9(a)   Guarantors Confirmation                         ADV 265.06/00           From Jun 2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I10     Application for Transfer of Ownership           MA 31/10.97             From Oct 1997
        of a Mortgaged Property
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I11     Notice of Assignment of Life Policy             ADV 29 /11.99           From Nov 1999
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I12     Individual Savers Account (ISA) Policy          JAGO2/0500              From May 2000
        Arrangements form
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I13     Application for Transfer of Ownership           MA 31/Feb.01            From Feb 2001
        of a Mortgaged Property
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I14     Deed of Guarantee                               SOL013 / July 2001      From Jul 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I15     Guarantors Confirmation                         NRDGC 05/02             From May 2002 - This document is
        Northern Rock plc                                                       only used by Northern Rock Direct
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I16     Confirmation of Identity                        GASelfCert - Aug        From Aug 2003
        Northern Rock plc                               2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
I17     Release and Re-assignment of Life Policy        SEC 51/10.97            1 Oct 1997
        [English And Scottish]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J       Mortgage Origination and Completion -
        Solicitors/Other Third Party
        Documentation
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J1      Valuations and Surveys - Helping you            DEV 125                 From 1 Oct 1992
        ensure your home is a solid investment          01.10.1992
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J2      Report on Title and Funds Request               MA55 01/94              From Jan 1994
        (including Instructions to
        Solicitors/Licensed Conveyancers)
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J3      Report on Title and Funds Request               MA55 /04.96             From Apr 1996
        (including Instructions to
        Solicitors/Licensed Conveyancers)
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J4      Changes of Ownership in Mortgaged               ADV 54 /05.96           From May 1996
        Property - Note to Solicitors
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J5      Report on Title and Funds Request               MA55 /01.97             From Jan 1997
        (including Instructions to
        Solicitors/Licensed Conveyancers)
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J6      Changes of Ownership in Mortgaged               ADV 54 02.97            From Feb 1997
        Property - Note to Solicitors
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      46
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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              ADV 155 10.97           From Oct 1997
        Purposes on behalf of Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J12     Report and Valuation for Mortgages Purposes     ADV 179 10.97           From Oct 1997
        on behalf of Northern Rock plc - Sheet 2
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J13     Report and Valuation for Mortgages Purposes     ADV 267 10.97           From Oct 1997
        on behalf of Northern Rock plc - Sheet 2 in
        respect of loans exceeding(GBP)150,000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J14     Report and Valuation for Mortgages Purposes     ADV 7a 10.97            From Oct 1997
        on 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     ADV 155 12.98           From Dec 1998
        on behalf of Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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 issued from
        Lenders' Handbook for England & Wales)                                  late Summer 2000[?]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J22     Deeds Dematerialisation [Notice to                                      [From Apr 2000?]
        solicitors] 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               ADV 54 11/00            From Nov 2000
        Property - Note to Solicitors
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J25     Certificate of Title (including Drawdown        COT/0502                From May 2002
        Loan 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     AL/SAS/267/             From Sep 2002
        on behalf of Northern Rock plc - Sheet 2 in     (500+) 09.02
        respect of loans exceeding(GBP)1,000,000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      47
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

J28     Certificates of Title                           COT/1102                From Nov 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J29     Report and Valuation for Mortgage Purposes      ADV 155/07.03           From July 2003
        on behalf of Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J30     Funds Release (Certificate of Title)            N/A                     18 Jun 2001
        for Rapid Remortgages with Multiple
        Clients [English And Scottish]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J31     Part 2 - Name of Mortgage Lender (CML           N/A                     1 Oct 2002
        Mortgage Lender's Handbook for England
        and Wales)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J32     Part 2 - Name of Mortgage Lender (CML           N/A                     1 Nov 2002
        Mortgage Lender's Handbook for England
        and Wales)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J33     Part 2 - Name of Mortgage Lender (CML           N/A                     13 Oct 2003
        Mortgage Lender's Handbook for England
        and Wales)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J34     Memo from D. Maughan to C Jobe re.              N/A                     13 Nov 2003
        Unsecured Business - Third Party
        Contracts (The Motley Fool)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J35     Agreement between Northern Rock and             N/A                     5 Nov 2003
        The Motley Fool re. Media Service
        (Advertising)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J36     Letter from Mortgage Next to Northern           28 Aug 2003
        Rock re.
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J37     Procuration Fee Approval Form in relation       26 Nov 2003
        to Moneyextra
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J38     Procuration Fee Approval Form in relation       27 Nov 2003
        to Traditional Intermediaries
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J39     Northern Rock Intermediary Registration         N/A                     N/A
        Form
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
J40     Northern Rock Standard Form Intermediary        N/A                     N/A
        Agreement
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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                  SEC 28/01.96            From Jan 1996
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K5      Schedule of Documents of Title                  SEC28 /10.97            From Oct 1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K6      Schedule of Documents of Title                  JAGO1/0500              From May 2000
        Northern Rock plc                               JAGO1B/0500
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K7      Deeds Schedule                                  SODT/0201               From Feb 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      48
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

K8      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.
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K9      Additional Advance Cheque Request               ADV 133 01/94           From Jan 1994
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K10     Re-Advance/Further Advance Receipt              SEC 37 /10.97           From Oct 1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K11     Additional Advance Funds Request                ADV 271 /10.97          From Oct 1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K12     Additional Advance Funds Request                ADV 271 1/98            From Jan 1998
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K13     Additional Advance Funds Request                AAFR/0802               From Aug 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
K14     Additional Advance Funds Request
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                        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

-------------------------------------------------------------------------------------------------------------

SABW    Document                                         Reference              Usage period and notes
-------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      49
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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 Sept 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L14     Mortgage Application Form                        ADV4. 09/01            From Sept 2001 to Oct 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L15     Mortgage Application Form                        ADV4. 10/01            From Oct 2001 to Aug 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
        NB From this point onwards the Mortgage
        Application Forms appear to also be used
        for the Together/Together Connections
        products.
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L16     Mortgage Application Form                        ADV4. 08.02            From Aug 2002 to Oct 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L17     Mortgage Application Form                        ADV4. 10.02            From Oct 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L18     Your Personal Quotation and Transfer            19 Sep 2002             (Sample re Mr and Mrs Kapke)
        Declaration for a Flexible Fixed Rate
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L19     Your Personal Quotation and Transfer            19 Sep 2002             (Sample re Mr Mcparland and Miss
        Declaration for a Together Mortgage                                                 Davis)
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L20     Mortgage Application Form                        ADV4.02.03             From Feb 2003
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
L21     Mortgage Application Form [Both English         ADV4. 04.03            Apr 2003
        And Scottish]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      50
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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                                   from 9 Jan 2003
        Fixed Rate Mortgage
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
O26     Guaranteed Repayment Mortgage 15 year                                   from 9 Jan 2003
        Fixed Rate 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?]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      51
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      52
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Q18     4 year Capped Variable Rate Mortgage             EQ
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Q19     4 year Capped Variable Rate Mortgage             EQ
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Q20     Equity Release Capped Variable Rate             YB
        Mortgage
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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                                  from 9 Jan 2003
        Repayment Charge)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Q43     2 year Flexible Fixed (extending Early                                  from 9 Jan 2003
        Repayment Charge - no Help with Costs
        option)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Q44     2 year Flexible Fixed                                                   from 9 Jan 2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Q45     2 year Flexible Fixed (no Help with Costs                               from 9 Jan 2003
        option)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      53
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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"
        (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R2      Copy of Proposed Agreement Containing           ACR1Z/1097 on           From Oct 1997
        Your Right to Withdraw - Flexible Plan          "Conditions"
        (including Conditions on the reverse)
        Northern Rock plc
        [Used for Flexible Plan Loans up to
        (GBP)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
        (GBP)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 (GBP)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     "Conditions")
        on the reverse)
        Northern Rock plc
        [Used for Personal Secured Loans up
        to (GBP)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
        (GBP)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
        (GBP)25,000 - Fixed Rate]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      54
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

R8      Copy of Proposed Credit Agreement               MAR 126 6/98 on         From Jun 1998
        Containing Notice of Your Right                 "Advance Copy"
        to Withdraw ("Advance Copy" version             no ref on
        including Conditions on the reverse)            "Conditions"
        Northern Rock plc
        [Used for Personal Secured Loans up
        to (GBP)25,000 - Fixed Rate]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R9      Copy of Proposed Agreement Containing           ACR2A/1097 on           From Mar 2000
        Your Right to Withdraw - Flexible Plan          "Original"
        (including Conditions on the reverse)           ACR2Z/0300 on
        Northern Rock plc                               "Conditions"
        [Used for Flexible Plan Loans up to
        (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R10     Credit Agreement Regulated by the Consumer      MAR 126 4/00 on         From Apr 2000
        Credit Act 1974                                 "Original" no
        ("Original" version including Conditions        no ref on
        on the ref on reverse)                          "Conditions"
        Northern Rock plc
        [Used for Personal Secured
        Loans up to (GBP)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"
        (GBP)25,000 -
        Variable Rate]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R12     Copy of Proposed Agreement Containing           CA135C/0900 on         From Sep 2000
        Notice of Your Right to Withdraw                "Advance Copy"
        ("Advance Copy" version with Conditions         CA135Z/0900 on
        on the reverse)                                 "Conditions"
        Northern Rock plc
        [Used for Personal Secured Loans up
        to (GBP)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           CA126C/0900 on          From Sep 2000
        Notice of Your Right to Withdraw                "Advance Copy"
        ("Advance Copy" version with Conditions         CA126Z/0900 on
        on the 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"
        (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      55
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

R16     Loan Agreement - Flexible Plan                  ACR2B/1000 on           From Oct 2000
        ("Original" version with Conditions             "Original"
        on the reverse)                                 ACR2Z/1000 on
        Northern Rock plc                               "Conditions"
        [Used for Flexible Plan Loans
        over (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R17     Loan Agreement - Flexible Plan                  ACR2C/1000 on           From Oct 2000
        ("Original" version with Conditions             "Original"
        on the reverse)                                 ACR2Z/1000 on
        Northern Rock plc                               "Conditions"
        [Used for Flexible Plan Loans
        over (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R18     Credit Agreement Regulated by the CCA 1974      ADV13506/95             Jun 1995
        (Personal Secured Loans) (with Terms and
        Conditions attached)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R19     Loan Agreement (Flexible Plan) (with Terms      ADVCR2                  Jul 1995
        and Conditions attached)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
R20     Credit Agreement Regulated by the CCA 1974      ACR1 07/96             Jul 1996
        (Flexible Plan) with Terms and Conditions
        Attached
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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 July 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
S8      Mortgage Deed - Standard (HMLR filing           SOL 11 07/01            From July 2001
        ref MD691D) 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]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
T2      Mortgage Deed (relating to a Regulated          SEC 52/06/95            From Jun 1995
        Agreement  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]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      56
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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       SEC 40. 10/97           From Oct 1997
        for 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          MD1/0900 on             From Sep 2000
        under the Consumer Credit Act 1974)             cover and
        Agreement (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       SOL005 09/00            From Sep 2000.  Not used by
        for Further Advance (HMLR filing ref                                    further advance dept.  Used by
        MD 542 X) 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).
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
T14     Deed of Variation of Mortgage and Receipt       SOL008 09/00            From Sep 2000.  Not used by
        for Further Advance (HMLR filing ref                                    further advance dept.  Used by
        MD 542 Y) 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).
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      57
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

T15     Deed of Variation of Mortgage and Receipt       SEC071 July 2001        From Jul 2001
        for Further Loan (HMLR filing ref
        MD 691 B) Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
T16     Deed of Variation of Mortgage and Receipt       SOL012/ July 2001       From Jul 2001
        for Further Loan (With Guarantor) (HMLR
        filing ref MD 691 C) Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                        Part 3 Documents Used Only in the Origination of
                                           Together and Together Connections Mortgages

------------------------------------------------------------------------------------------------------------------------
SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

U       Brochures
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U1      [Picture of Two Forks on cover - 1]             MAR 172 2.99            From Feb 1999
        [Together] Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U2      [Picture of Two Forks on cover - 1]             MAR 189 3.99            From Mar 1999
        [Together] Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U3      [Picture of Two Forks on cover - 2]             MAR 237 14.6.99         From Jun 1999
        [Together] Northern Rock plc
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
U4      together flexible - one loan one                MAR 272/9255            From Sep 1999
        rate one call [Together Flexible]               15.9.99
        Northern Rock plc
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
U5      together flexible - one loan one                MAR 273/9255            From Sep 1999
        rate one call -all you need to                  15.9.99
        know [Together Flexible]
        Northern Rock plc
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
U6      take control of your money and                  MAR 305/9511            From Dec 1999
        get more out of life - together                 20.12.99
        [Together] Northern Rock plc
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
U7      all you need to know - together                 MAR 303/9511            From Dec 1999
        [Together] 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]               MAR 173 2.99            From Feb 1999
        [Picture of 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]               MAR 192 3.99            From Mar 1999
        [Picture of intertwined flowers on
        cover] [Together]
        Northern Rock plc
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
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]               MAR 239 16.6.99         From Jun 1999
        [Picture of 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
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------

                                      58
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

U15     together flexible - a guide to costs            MAR 275/9255            From Sep 1999
        [Together Flexible]                             15.9.99
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U16     together - variable at only                     MAR 306/9657            From Jan 2000
        6.6.9%pa 7.6%APR                                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?              MAR 302 6.4.2001        From Apr 2001
        6th April 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              MAR 418/10935           From May 2001
        Connections] Northern Rock plc                  1.5.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U35     OK Shrink My Mortgage [Together                 MAR 419/10935           From May 2001
        Connections] Northern Rock plc                  1.5.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U36     Together what is it going to cost?              MAR 302 10.5.2001       From May 2001
        10th May 2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      59
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

U37     What's it going to cost? [Together              MAR 418/11282           From May 2001
        Connections] 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               MAR 437/11251           From Jun 2001
        [Together Connections]                          01.6.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U41     Together what is it going to cost?              MAR 302 22.6.2001       From Jun 2001
        22nd June 2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U42     What's it going to cost? [Together              MAR 418/11457           From Jun 2001
        Connections] Northern Rock plc                  22.6.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U43     Together what is it going to cost?              MAR 302 2.8.2001        From Aug 2001
        2nd August 2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U44     What's it going to cost? [Together              MAR 418/11593           From Aug 2001
        Connections] 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                 MAR 419/11578           From Aug 2001
        Connections] 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?              MAR 302 3.9.2001        From Sep 2001
        3rd September 2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U49     What's it going to cost? [Together              MAR 418/11706           From Sep 2001
        Connections] 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                 MAR 419/11758           From Sep 2001
        Connections] 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              MAR 418/11706           From Sep 2001
        Connections] Northern Rock plc                  19.9.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U55     Together what is it going to cost?              MAR 302 4.10.2001       From Oct 2001
        4th October 2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U56     What's it going to cost? [Together              MAR 418/11706           From Oct 2001
        Connections] Northern Rock plc                  4.10.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      60
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

U57     Together what is it going to cost?              MAR 302 8.11.2001       From Nov 2001
        8th November 2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U58     What's it going to cost? [Together              MAR 418/11706           From Nov 2001
        Connections] Northern Rock plc                  8.11.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U59     Together what is it going to cost?              MAR 302 5.12.2001       From Dec 2001
        5th December  2001 [Together]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U60     What's it going to cost? [Together              MAR 418/11706           From Dec 2001
        Connections] 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           MAR 472/12369           From Mar 2002
        Mortgage [Together Connections]                 15.3.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U64     Together - what's it going to cost              MAR 302 20.3.2002       From Mar 2002
        [Together] Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U65     Together - what's it going to cost              MAR 302 10.5.2002       From May 2002
        [Together] Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U66     Together - what's it going to cost              MAR 302 26.7.2002       From Jul 2002
        [Together] Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U67     Together - what's it going to cost              MAR 302 06.8.2002       From Aug 2002
        [Together] 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              MAR 418/11706           From Aug 2002
        Connections] Northern Rock plc                  30.8.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U70     Together - what's it going to cost              MAR 302 30.8.2002       From Aug 2002
        [Together] 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              MAR 418/11706           From Oct 2002
        Connections] Northern Rock plc                  21.10.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U73     Together - what's it going to cost              MAR 302                 From Oct 2002
        [Together] Northern Rock plc                    21.10.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U74     What's it going to cost? [Together              MAR 418/11706           From Nov 2002
        Connections] Northern Rock plc                  08.11.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U75     Together - what's it going to cost              MAR 302                 From Nov 2002
        [Together] Northern Rock plc                    08.11.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
U76     I want to shrink my mortgage                    MAR 625/13245           From 27 Nov 2002
        [Connections]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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              MAR 302                 From 10 Jan 2003
        [Together] Northern Rock plc                    10.01.2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      61
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

U80     Together - what's it going to cost              MAR 302                 From 8 Feb 2003
        [Together] 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 203                 Valid until further notice
                                                                                14 Oct 2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V       Mortgage Application Forms
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V1      Get It Together Application Form                MAR176 2/99             From Feb 1999
        - Together Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V2      Get It Together Application Form -              MAR198 3/99             From Mar 1999
        Together Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V3      Get It Together Application Form -              MAR242 6/99             From Jun 1999
        Together Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V4      Get It Together Application Form -              MAR271/9255 and 9/99    From Sep 1999
        Together Flexible
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V5      Get It Together Application Form -              MAR304/9511 and 12/99   From Dec 1999
        Together Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
V6      Get It Together Application Form                MAR304. 6/00            From Jun 2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
        NB From Aug 2002 the Mortgage
        Application Forms from L16 appear to
        also be used for the Together/Together
        Connections products.
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W       Together Credit/Loan Agreements
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W1      Credit Agreement Regulated by the               DDL1/0299 on Original   From Feb 1999
        Consumer Credit Act 1974 -                      DDL2/0299 on First
        Drawdown Loan -Original, First and              Copy
        Second Copies (each with Terms and              DDL3/0299 on Second
        Conditions)                                     Copy
        Northern Rock plc [Used                         DDLB/0299 on
        for Together Flexible Loans up                  Conditions
        to (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W2      Credit Agreement Regulated by the               TFCA1/1099 on           From Oct 1999
        Consumer Credit Act 1974 -                      Original                [In conjunction with Together
        Drawdown Loan - Original,                       TFCA2/1099 on First     Flexible Mortgages.
        First Copy and Second Copy (each                Copy
        with Terms and Conditions)                      TFCA3/1099 on
        Northern Rock plc [Used for                     Second Copy
        Together Flexible Loans                         TFCAB/1099 on
        up to (GBP)25,000]                              Conditions
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      62
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

W3      Credit Agreement Regulated by                   TFIX1/0200 on           From Feb 2000
        the Consumer Credit Act 1974                    Original                [In conjunction with Together
        - Together Fixed - Original,                    TFIX2/0200 on First     Fixed Mortgages.]
        First Copy and Second Copy                      Copy
        (each with Terms and                            TFIX3/0200 on
        Conditions on reverse)                          Second Copy
        Northern Rock plc                               TFIXB/0200 on
        [Used for Together Fixed Loans                  Conditions
        up to(GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W4      Credit Agreement Regulated by                   TVCA1/0200 on           From Feb 2000
        the Consumer Credit Act 1974                    Original                [In conjunction with Together
        - Together Variable - Original,                 TVCA2/0200 on First     Variable Mortgages.]
        First Copy and Second Copy                      Copy [
        (each with Terms and Conditions                 TVCA3/0200?]on
        on reverse)Northern Rock plc                    Second Copy
        [Used for Together Variable                     TVCAB/0200 on
        Loans up to(GBP)25,000]                         Conditions
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W5      Credit Agreement Regulated by                   TVCA1/0200              From Jan 2001
        the Consumer Credit Act 1974                    on Original             [In conjunction with Together
        - Together Variable - Original,                 TVCA2/0200              Variable Mortgages.]
        First Copy and Second Copy                      on First Copy
        (each with Terms and                            [TVCA3/0200?]
        Conditions on reverse)                          on Second Copy
        Northern Rock plc                               TVCAB/0101
        [Used for Together Variable                     on Conditions
        Loans up to(GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W6      Credit Agreement Regulated by                   TVCA1/0200              From May 2001
        the Consumer Credit Act 1974                    on Original             [In conjunction with Together
        - Together Variable - Original,                 TVCA2/0200              Variable Mortgages.]
        First Copy and Second Copy                      on First Copy
        (each with Terms and                            [TVCA3/0200?]
        Conditions on reverse)                          on Second Copy
        Northern Rock plc                               TVCAB/0501
        [Used for Together Variable                     on Conditions
        Loans up to(GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W7      Credit Agreement Regulated by                   TVCA1/0200              From Aug 2001
        the Consumer Credit Act 1974                    on Original             [In conjunction with Together
        - Together Variable - Original,                 TVCA2/0200              Variable Mortgages.]
        First Copy and Second Copy                      on First Copy
        (each with Terms and                            [TVCA3/0200?]
        Conditions on reverse)                          on Second Copy
        Northern Rock plc                               TVCAB/0801
        [Used for Together Variable                     on Conditions
        Loans up to(GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W8      Credit Agreement Regulated by                   TVCA1/0200              From Aug 2001
        the Consumer Credit Act 1974                    on Original             [In conjunction with Together
        - Together Variable - Original,                 TVCA2/0200              Variable Mortgages.]
        First Copy and Second Copy                      on First Copy
        (each with Terms and                            [TVCA3/0200?]
        Conditions on reverse)                          on Second Copy
        Northern Rock plc                               TVCAB/1001
        [Used for Together Variable                     on Conditions
        Loans up to(GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W9      Credit Agreement Regulated by                   CATC/0502               From May 2002
        the Consumer Credit Act 1974                    on Original,
        - Drawdown Loan - Original,                     First, Second
        First and Second Copies                         Copy and on
        (each with Terms and                            Conditions
        Conditions)
        Northern Rock plc
        [Used for Together Flexible
        Loans up to(GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      63
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

W10     Credit Agreement Regulated by                   ABTC/0802 on            From Aug 2000
        the Consumer Credit Act 1974                    Original,               [In conjunction with Together
        - Together Fixed - Original,                    First Copy,             Fixed Mortgages.]
        First Copy and Second Copy                      Second Copy
        (each with Terms and                            and on
        Conditions on reverse)                          Conditions
        Northern Rock plc
        [Used for Together Fixed Loans
        up to (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W11     Credit Agreement Regulated by                   TVCAB/0902              From Sept 2002
        the Consumer Credit Act 1974                    on Original,            [In conjunction with Together
        - Together Variable - Original,                 First Copy,             Variable Mortgages.]
        First Copy and Second Copy                      Second Copy
        (each with Terms and                            and on
        Conditions on reverse)                          Conditions
        Northern Rock plc
        [Used for Together Variable
        Loans up to (GBP)25,000]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W12     Credit Agreement Regulated by                   03/02 on Original,      From Mar 2002
         the Consumer Credit Act 1974                   First Copy and
        - Original, First Copy and                      Second Copy
        Second Copy                                     CATC/0502 on
        "MPU" Drawdown Lown                             Conditions
        Agreement
        Northern Rock plc

------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
W13     Credit Agreement Regulated by                                           From Aug 2002
        the Consumer 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                   TFWT/0703               From July 2003
        the Consumer 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]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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]
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X3      Northern Rock Credit Card Application Form      MAR 151/M9C 22.3.99     From Mar 1999
        (with Terms and Conditions)
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X4      Together Connection Conditions                  MAR422 1.5.01           From Jan 2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      64
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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          MAR 435/11676           From May 2001
        and Conditions                                  1.5.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X7      together connections Current Account Terms      MAR 436/11333           From May 2001
        and Conditions                                  1.5.2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X8      Northern Rock Credit Card Application Form      MAR 341                 From Jul 2001
        (with Terms and Conditions on reverse)          9.7.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X9      Options for Your together connection            MAR 472/12369           From Mar 2002
        Mortgage [leaflet]                              15.3.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X10     Together Connection Conditions                  MAR 422 7.8.02          From Aug 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X10(a)  Together Connection Conditions                  MAR 631                 From Nov 2002
        Northern Rock plc                               27.11.02
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X11     Sample Special Conditions for Together                                  From 30 Aug 2002
        Connections Mortgage (incorporating                                     (including New Mortgage Product
        Doc X4 by reference)                                                    Statement of Requirements memo)
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X12     Sample Special Conditions for Together                                  From 30 Aug 2002
        Mortgage (5 Year Flexible Tracker Rate)                                 (including New Mortgage Product
        Northern Rock plc                                                       Statement of Requirements memo)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X13     Together Connection Savings Options Form        MAR 635/1.03            From Jan 2003
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X14     Covering Letter to Borrower enclosing
        Together Connections Options Docs X9
        and X13 Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X15     Sample Covering Letter to Borrower              31 Oct 2002             Mr P Livingstone and Miss C M
        regarding Completion of a Together                                      Bell (App No 10374507)
        Connections Loan Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X16     Sample Special Conditions for Together                                  from 9 Jan 2003
        Variable loans
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X17     Sample Special Conditions for Together                                  from 9 Jan 2003
        Connections mortgage loans - 5 year
        discounted tracker
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X18     Sample Special Conditions for Together                                  from 9 Jan 2003
        Fixed mortgage loans - 2, 3, 5 and 7
        year fixed Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X19     Sample Special Conditions for Together                                  from 9 Jan 2003
        Exclusives Fixed mortgage loans - 2, 3,
        5 and 7 year fixed Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
X20     Sample Special Conditions for Together                                  from 9 Jan 2003
        Exclusives mortgage loans
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Y       Mortgage Deeds
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      65
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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         A2S/0502                From May 2002
        to Instructions to Solicitors/Licensed
        Conveyancers
        (refers to Together Connections Mortgages)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Z7      Drawdown Loan Agreement - Addendum to           A2S/0702                From Jul 2002
        Instructions to Solicitors/Licensed
        Conveyancers
        (refers to Together Connections
        Mortgages)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      66
<PAGE>

                                                      Part 5 Personal Loans

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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                     DEV 456                 From 1 Jul 1997
        Introduction                                    01.7.1997
        Northern Rock
        Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA3     NOT USED
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA4     Secured Personal Loans - An                     MAR 3                   From 1 Oct 1997
        Introduction                                    01.10.1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA5     Secured Personal Loans - An                     MAR 3                   From 15 Dec 1997
        Introduction                                    15.12.1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA6     Secured Personal Loans - An                     MAR 3                   From 12 Feb 1998
        Introduction                                    12.2.1998
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA7     Secured Personal Loans - An                     MAR 3/8208              From 1 Jun 1998
        Introduction                                    01.06.1998
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA8     Secured Personal Loans - An                     MAR 3/9195              From 20 Aug 1999
        Introduction                                    20.8.1999
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA9     Give me the Facts - Secured                     MAR 3/9668              From 4 Mar 2000
        Loans Explained                                 04.3.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA10    Give me the Facts - Secured                     MAR 3/11279             From 10 May 2001
        Loans Explained                                 10.5.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA11    Secured Loans Explained                         MAR 3/12506             From 4 May 2002
        Northern Rock plc                               04.5.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA12    We can fix it - A Secured                       MAR 124/8813            From 1 Jun 1998
        Personal Loan                                   01.6.1998
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA13    We can fix it - A Secured                       MAR 125/8664            From 22 Jan 1999
        Personal Loan                                   22.1.1999
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA14    We can fix it - A Secured                       MAR 125/9459            From 1 Nov 1999
        Personal Loan                                   01.11.1999
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA15    We can fix it - A Secured                       MAR 125/9714            From 17 Jan 2000
        Personal Loan                                   17.1.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA16    Let Me Plan Ahead - Secured Loans               MAR 125/11038           From 21 Feb 2001
        with a Fixed Rate                               21.2.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA17    Let Me Plan Ahead - Secured Loans               MAR 125/11216           From 6 Apr 2001
        with a Fixed Rate                               06.4.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA18    Let Me Plan Ahead - Secured Loans               MAR 125/11815           From 19 Sept 2001
        with a Fixed Rate                               19.9.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA19    I Want to Plan Ahead - Secured                  MAR 125/12507           From May 2002
        Loans with a Fixed Rate                         May 2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA20    Secured Personal Loans - A guide                DEV 220                 From 14 Jul 1995
        to costs                                        14.7.1995
        Northern Rock Building  Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA21    Secured Personal Loans - A guide                DEV 220                 From 16 Oct 1995
        to costs                                        16.10.1995
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      67
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA22    Secured Personal Loans - A guide                DEV 220                 From 28 Nov 1995
        to costs                                        28.11.1995
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA23    Secured Personal Loans - A guide                DEV 220                 From 15 Feb 1995
        to costs                                        15.2.1996
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA24    Secured Personal Loans - A guide                DEV 376                 From 1 Apr 1996
        to costs                                        01.4.1996
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA25    Secured Personal Loans - A guide                DEV 377                 From 22 Apr 1996
        to costs                                        22.4.1996
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA26    Secured Personal Loans - A guide                DEV 377                 From 25 Aug 1996
        to costs                                        25.8.1996
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA27    Secured Personal Loans - A guide                DEV 377                 From 23 Oct 1996
        to costs                                        23.10.1996
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA28    Secured Personal Loans - A guide                DEV 377                 From 3 Jan 1997
        to costs                                        03.1.1997
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA29    Secured Personal Loans - A guide                DEV 377                 From 1 Mar 1997
        to costs                                        01.3.1997
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA30    Secured Personal Loans - A guide                DEV 377                 From 7 Apr 1997
        to costs                                        07.4.1997
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA31    Secured Personal Loans - A guide                DEV 377                 From 1 May 1997
        to costs                                        01.5.1997
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA32    Secured Personal Loans - A guide                DEV 457                 From 23 Jul 1997
        to costs                                        23.7.1997
        Northern Rock Building Society
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA33    Secured Personal Loans - A guide                DEV 457                 From 18 Aug 1997
        to costs                                        18.8.1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA34    Secured Personal Loans - A guide                MAR 4                   From 1 Oct 1997
        to costs                                        01.10.1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA35    Secured Personal Loans - A guide                MAR 4                   From 1 Dec 1997
        to costs                                        01.12.1997
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA36    Secured Personal Loans - A guide                MAR 4/8208              From 1 Jun 1998
        to costs                                        01.6.1998
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA37    Secured Personal Loans - A guide                MAR 4/8267              From 3 Jul 1998
        to costs                                        03.7.1998
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA38    Secured Personal Loans - A guide                MAR 4/8748              From 1 Jan 1999
        to costs                                        01.2.1999
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA39    Secured Personal Loans - A guide                MAR 4/9155              From 24 Jul 1999
        to costs                                        24.7.1999
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA40    Secured Personal Loans - A guide                MAR 4/9358              From 1 Oct 1999
        to costs                                        01.10.1999
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA41    Secured Personal Loans - A guide                MAR 4/9680              From 5 Feb 2000
        to costs                                        05.2.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA42    Give me the figures - Secured Loan              MAR 4/9668              From 4 Mar 2000
        Costs in Black and White                        04.3.2000
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA43    Give me the figures - Secured Loan              MAR 4/11007             From 3 Mar 2001
        Costs in Black and White                        03.3.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA44    Give me the figures - Secured Loan              MAR 4/11138             From 1 May 2001
        Costs in Black and White                        01.5.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      68
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA45    Give me the figures - Secured Loan              MAR 4/11313             From 10 May 2001
        Costs in Black and White                        10.5.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA46    Give me the figures - Secured Loan              MAR 4/11619             From 1 Sept 2001
        Costs in Black and White                        01.9.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA47    Give me the figures - Secured Loan              MAR 4/11814             From 6 Oct 2001
        Costs in Black and White                        06.10.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA48    Give me the figures - Secured Loan              MAR 4/12015             From 8 Nov 2001
        Costs in Black and White                        08.11.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA49    Give me the figures - Secured Loan              MAR 4/12449             From 1 Dec 2001
        Costs in Black and White                        01.12.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA50    Secured Loans - Costs in                        MAR4/13517              Valid until further notice
        Black and White                                 8.2.03                  8.2.03
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA51    Secured Personal Loans - A guide                Dev. 220                Valid until further notice
        to costs.                                                               1 Jan 95
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA52    Flexible borrowing on your mortgage             Dev. 182                Valid until further notice
        - Secured Personal Loans. The                                           1 Jan 95
        Flexible Plan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA53    Borrowing a fixed amount on your                Dev. 181                Valid until further notice
        mortgage - Secured Personal Loans.                                      1 Jan 95
        The Fixed Sum Plan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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       SEC40/10.97             Oct 1997
        for Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA59    Deed of Variation of Security and Receipt       ADV152./10.97           Oct 1997
        for Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA60    Receipt for Further Advance                     ADV60./10.97            Oct 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA61    Report on Title (Scotland)                      ADV268./10.97           Oct 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      69
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
AA62    Standard Security                               SEC53/10.97             Oct 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA58    Secured Personal Loans -                        MAR 4/8748              Valid until further notice
        A guide to costs - Hard                                                 1 Feb 99
        to Beat
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA59    Mortgage Deed (Flexible                         MD1/0900                Sep 2000
        Plan) - 3 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA60    Mortgage Deed (Flexible                         MD3/0900                Sep 2000
        Plan) - 3 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA61    Changes in Ownership of                         ADV54.11/00             Nov 2000
        Mortgaged Property
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

AA62    Pay Safe - Payment Protection                   MAR8/11165              Valid until further notice

                                                                                1 May 2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA63    Re-Advance/Further Advance Receipt              SEC37/07.01             Jul 2001
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA64    The Mortgage Code - You and your                03/02                   Mar 2002
        mortgage
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA65    I want to plan ahead - Secured Loans            MAR125/12507            Valid until further notice
        with a Fixed Rate
                                                                                4 May 2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA66    Tell a Friend about our Mortgages               MAR507/12836            Valid until further notice
        and (GBP)50 could be yours
                                                                                Jul 2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA67    Insurance - I need you to be there              MAR389/12950            Valid until further notice
        sometimes
                                                                                Sep 2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA68    Loan Agreement (Flexible Plan) -                ACR2Z/0103              Jan 2003
        3 Copies                                        (ACR2A/1000,
                                                        ACR2B/1000,
                                                        ACR2C/1000)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA69    Credit Agreement Regulated by                   ACR1Z/0103              Jan 2003
        the Consumer Credit Act 1974                    (ACR1A/1000,
        (Flexible Plan) - 3 Copies                      ACR1B/1000,
                                                        ACR1C/1000)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA70    Credit Agreement Regulated by                   ACR3Z/0103              Jan 2003
        Consumer Credit Act 1974
        - 3 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA71    Secured Loans Explained                         MAR3/13518              Valid until further notice

                                                                                7 Feb 2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA72    Credit Agreement Regulated by the               MD1/0900                19 Feb 2003
        Consumer Credit Act 1974 (Omiga
        Flexible Plan) + Mortgage Deed
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA73    Credit Agreement Regulated by the               SEC54/04.98             19 Feb 2003
        Consumer Credit Act 1974 (Omiga
        PSL Base) + Mortgage Deed
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA74    Credit Agreement Regulated by the               SEC54/04.98             19 Feb 2003
        Consumer Credit Act 1974 (Omiga
        PSL Fixed) + Mortgage Deed
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA75    Secured Loans - Costs in Black                  MAR 4/14011             Valid until further notice
        and White                                                               14 Jul 03
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA76    Pro-forma Letter from A Gadomski                (PLN)/PERS01/AG/*
        to Customer re. Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA77    Pro-forma Letter from A Gadomski                (PLN)/PERS02/AG/*
        to Customer re. Loan Documents
        for Signature
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      70
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA78    Pro-forma Letter from A Gadomski                (PLN)/PERS03/AG/*
        to Customer re. Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA79    Pro-forma Letter from A Gadomski                (PLN)/PERS04/AG/*A
        re. Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA80    Form attached to (PLN)/PERS04/AG/*              (PLN)/PERS05/AG/*
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA81    Pro-forma Letter from A Gadomski re.            (PLN)/PERS06/AG/*
        Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA82    Pro-forma Letter from A Gadomski re.            (PLN)/PERS06RA/AG/*
        Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA83    Pro-forma Letter from A Gadomski re.            (PLN)/PERS07/AG/*
        Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA84    Pro-forma Letter from A Gadomski  re.           (PLN)/PERS08/AG/*
        Postponement of Second Charge
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA85    Pro-forma Deed of Postponement                  (PLN)/PERS09
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA86    Pro-forma Deed of Postponement                  (PLN)/PERS10
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA87    Pro-forma Deed of Postponement                  (PLN)/PERS10A
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA88    Pro-forma Letter from A Gadomski re.            (PLN)/PERS11/AG/*
        Repayment of Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA89    Pro-forma Letter from A Gadomski re.            (PLN)/PERS11A/AG/*
        Repayment of Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA90    Pro-forma Letter from A Gadomski re.            (PLN)/PERS12/AG/*
        Application for Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA91    Mortgage Deed (Relating to a Regulated          MD2/0900 and
        Agreement under the Consumer Credit             MD2B/0900
        Act 1974) - Original + 2 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA92    Credit Agreement regulated by the               CA127Z/0900
        Consumer Credit Act 1974 -
        Original + 2 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA93    Credit Agreement regulated by the               CA126Z/0103
        Consumer Credit Act 1974 -
        Original + 2 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA94    Credit Agreement Regulated by the               CA138Z/0900
        Consumer Credit Act 1974 -
        Original + 2 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA95    Credit Agreement Regulated by the               CA125Z/0102
        Consumer Credit Act 1974 -
        Original + 2 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA96    Re-Advance/Further Advance Receipt
        (Omiga Further Advance)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      71
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA97    Deed of Variation of Mortgage and
        Receipt for Further Advance (Omiga
        Further Advance)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA98    English Flexible Plan Paragraphs
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA99    English PSL Paragraphs
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA100   Further Advance Paragraphs
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA101   Pro-forma Letter from A Gadomski to             (PLN)/PERS13/AG/*
        Customer re. Offer of Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA102   Pro-forma Letter from A Gadomski to             (PLN)/PERS14/AG/*
        Customer re. Further Advance
        Application
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA103   Pro-forma Letter from A Gadomski to             (PLN)/PERS15/AG/*
        Customer re. Further Advance
        Application
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA104   Pro-forma Letter from A Gadomski                (PLN)/PERS16/AG/*
        re. Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA105   Pro-forma Letter from A Gadomski to             (PLN)/PERS17/AG/*
        Customer re. Offer of Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA106   Pro-forma Letter from A Gadomski to             (PLN)/PERS18/AG/*
        Customer re. Further Advance Application
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA107   Pro-forma Letter from A Gadomski re.            (PLN)/PERS19/AG/*
        Postponement of Second Charge
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA108   Deed of Postponement                            (PLN)/PERS20
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA109   Deed of Postponement                            (PLN)/PERS21
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA110   Deed of Postponement                            (PLN)/PERS21A
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA111   Deed of Postponement                            (PLN)/PERS21A
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA112   Pro-forma Letter from A Gadomski to             (PLN)/PERS22/AG/*
        Customer re. Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA113   Pro-forma Letter from A Gadomski re.            (PLN)/PERS22A/AG/*
        Additional Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA114   Pro-forma Letter from A Gadomski to             (PLN)/PERS24A/AG/*
        Customer re. Personal Secured Loan,
        Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA115   Pro-forma Letter from A Gadomski re.            (PLN)/PERS25AG/*
        Repayment of Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA116   Pro-forma Letter from A Gadomski re.            (PLN)/PERS26AG/*
        Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA117   Pro-forma Letter from A Gadomski to             (PLN)/PERS28AG/*
        Customer re. Additional Advance
        Application
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      72
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA118   Pro-forma Letter from A Gadomski re.            (PLN)/PERS30AG/*
        Postponement of Second Charge
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA119   Pro-forma Letter from A Gadomski to             (PLN)/PERS31AG/*
        Customer re. Redemption Figure Request
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA120   Pro-forma Letter from A Gadomski to             (PLN)/PERS37AG/*
        Customer re. Application for Personal
        Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA121   Pro-forma Letter from A Gadomski re.            (PLN)/PERS39AG/*
        Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA122   Form acknowledging receipt of advance           (PLN)/PERS40
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA123   Form re. Certificate of Consent                 (PLN)/PERS41
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA124   Pro-forma Letter from A Gadomski to             (PLN)/PERS50AG/*
        Customer re. Release and Discharge
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA125   Pro-forma Letter from A Gadomski to             (PLN)/PERS51/AG/*
        Customer re. Release and Discharge
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA126   Application for a Further Advance Loan          (PLN)/PERS38/AG/*
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA127   Pro-forma Letter from A Gadomski to             (PLN)/PERS52/AG/*
        Customer re. Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA128   Pro-forma Letter from A Gadomski to             (PLN)/PERS53/AG/*A
        Customer re. Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA129   Deed of Postponement                            (PLN)/PERS21B
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA130   Deed of Postponement                            (PLN)/PERS10B
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA131   Pro-forma Letter from A Gadomski to             (PLN)/FLEX01/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA132   Pro-forma Letter from A Gadomski to             (PLN)/FLEX02/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA133   Pro-forma Letter from A Gadomski to             (PLN)/FLEX03/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA134   Application for Flexible Plan Loan              (PLN)/FLEX04/SO/*
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA135   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX05/AG/*
        Postponement of Second Charge
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA136   Deed of Postponement                            (PLN)/FLEX06
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA137   Deed of Postponement                            (PLN)/FLEX07
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      73
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA138   Deed of Postponement                            (PLN)/FLEX07A
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA139   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX08/AG/*
        Repayment of Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA140   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX08A/AG/*
        Repayment of Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA141   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX09/AG/*
        Application from Borrower
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA142   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX10/AG/*
        Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA143   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX11/AG/*
        Personal Secured Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA144   Extract from Title Deeds                        (PLN)/FLEX12/SO/*
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA145   Pro-forma Letter from A Gadomski to             (PLN)/FLEX13/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA146   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX14/AG/*
        Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA147   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX14RA/AG/*
        Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA148   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX15/AG/*
        Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA149   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX15RA/AG/*
        Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA150   Pro-forma Letter from A Gadomski re.            (PLN)/FLEX16/AG/*
        Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA151   Pro-forma Letter from A Gadomski to             (PLN)/FLEX24/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA152   Pro-forma Letter from A Gadomski re. Title      (PLN)/FLEX25/AG/*
        Deeds
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA153   Pro-forma Letter from A Gadomski re. Title      (PLN)/FLEX25A/AG/*
        Deeds
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA154   Pro-forma Letter from A Gadomski to             (PLN)/FLEX26/AG/*
        Customer re. Proposed Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA155   Pro-forma Letter from A Gadomski to             (PLN)/FLEX27/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      74
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

AA156   Pro-forma Letter from A Gadomski  re.           (PLN)/FLEX26B/AG/*
        Further Advance Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA157   Pro-forma Letter from A Gadomski  re.           (PLN)/FLEX26A/AG/*
        Further Advance Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA158   Pro-forma Letter from A Gadomski  re.           (PLN)/FLEX25B/AG/*
        Further Advance Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA159   Pro-forma Letter from A Gadomski  re.           (PLN)/FLEX25C/AG/*
        Property
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA160   Pro-forma Letter from A Gadomski to             (PLN)/FLEX28/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA161   Pro-forma Letter from A Gadomski to             (PLN)/FLEX29/AG/*
        Customer re. Flexible Plan Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA162   Deed of Postponement                            (PLN)/FLEX07B
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA163   Pro-forma Letter from A Gadomski to             (PLN)/FLEX26/AG/*
        Customer re. Proposed Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA164   Certificate of Consent
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA165   Loan Agreement (Flexible Plan -                 ACR4Z/0103
        Scotland) - 3 Copies
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
AA166   Omiga/BMA Branch Pack - For Your
        Reference
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                         Part 5 Non-material documents

------------------------------------------------------------------------------------------------------------------------
SABW    Dcoument                                        Reference               Usage period and notes

------------------------------------------------------------------------------------------------------------------------
BB
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB1     Instructions to Solicitors - Fixed              ADV 269 5.98            From May 1998
        Sum Plan (Scotland)
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB2     Instructions to Solicitors - Fixed              ADV 269a 5.98           From May 1998
        Sum Plan (Scotland)
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB3     Deed of Variation of Security and               SOL009 09/00            From Sep 2000.  Not used by
        Receipt for Further Advance                                             further advance dept.  Used by
        (Scotland)                                                              product transfer dept. where
        Northern Rock plc                                                       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.
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB4     Help Me Buy to Let - Mortgages for              MAR 466/11665           From 3 Sep 2001
        Landlords                                       03.9.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      75
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

BB5     Help Me Buy to Let - Mortgages                  MAR 466/11794           From 19 Sep 2001
        for Landlords                                   19.9.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB6     Help Me Buy to Let - Mortgages                  MAR 466/11856           From 4 Oct 2001
        for Landlords                                   04.10.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB7     Help Me Buy to Let - Mortgages                  MAR 466/11974           From 8 Nov 2001
        for Landlords                                   08.11.2001
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB8     Help Me Buy to Let - Mortgages                  MAR 466/12222           From 7 Jan 2002
        for Landlords                                   07.1.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB9     I want to buy to let - Mortgages                MAR 466/12470           From 20 Mar 2002
        for Landlords                                   20.3.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB10    I want to buy to let - Mortgages                MAR 466/12645           From 10 May 2002
        for Landlords                                   10.5.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB11    I want to buy to let - Mortgages                MAR 466/12861           From 26 Jul 2002
        for Landlords                                   26.7.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB12    I want to buy to let - Mortgages                MAR 466/12861           From 6 Aug 2002
        for Landlords                                   06.8.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB13    I want to buy to let - Mortgages                MAR 466/13148           From 21 Oct 2002
        for Landlords                                   21.10.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB14    I want to buy to let - Mortgages                MAR 466/13232           From 8 Nov 2002
        for Landlords                                   08.11.2002
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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                                    From 9 Jan 2003
        Let 2 year Fixed Rate
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB18    Sample Special Conditions for Buy to                                    From 9 Jan 2003
        Let 1.5% 5 year Tracker
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB19    Sample Wording - Buy to Let - Help
        With Costs
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB20    Sample Special Conditions for HERM                                      From 9 Jan 2003
        Cashplus Fixed and Capped/
        Exclusive HERM Cashplus Fixed
        and Capped/SIFA HERM Cashplus Fixed
        and Capped
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB21    Sample Special Conditions for HERM                                      From 9 Jan 2003
        Standard Fixed and Capped/ HERM
        Standard Fixed and Capped Exclusives/
        SIFA HERM Standard Fixed and Capped
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
BB22    Sample Special Conditions for Legal                                     From 9 Jan 2003
        & General Together Exclusives
        (Variable)
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      76
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

BB23    Sample Special Conditions for Legal                                     From 9 Jan 2003
        & General 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 Sept 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                MAR 389/12958           From Sept 2002
        [insurance]
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                        Part 6 Documents Used Only in the Origination of
                                                      Connections Mortgages

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

CC      Brochures
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
CC1     Connections - Current Account Terms             MAR 634/13347           Valid until further notice - 27.11.2002
        and Conditions - Small but important            27.11.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
CC2     Connections - Save Direct Terms                 MAR 633/13347           Valid until further notice - 27.11.2002
        and Conditions - Small but important            27.11.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
CC3     Mortgages - Options for your                    MAR 632/13363           Valid until further notice - 27.11.2002
        Connections Mortgage                            27.11.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
CC4     Mortgages - I Want to Shrink my                 MAR 625/13245           Valid until further notice - 27.11.2002
        Mortgage                                        27.11.2002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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 630/13833           Valid until further notice

                                                                                9 Sep 2003

------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
CC9     Connections - What's it going to cost?          MAR 630/13833           Valid until further notice
                                                                                14 Oct 2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
DD      Mortgage Application Forms
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
DD1
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
EE      Connections Credit/Loan Agreements
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
EE1
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      77
<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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
FF2
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
GG      Mortgage Deeds
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
GG1
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
HH      Supplementary Instructions to Solicitors
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
HH1
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
HH2
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
II      Miscellaneous Mortgage Documents
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
II1     Connections Savings Options Form                MAR 635/1.03            Jan 2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
II2     Memo re New Mortgage Product Statement                                  11 Aug 2003
        of Requirements - Connections 7 Year
        Flexible Discount Tracker
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
II3     Pro forma of Covering Letter to                 Ref: CUSTADMIN/JW       2 Sep 2003
        customers enclosing Connections
        Pack
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      78
<PAGE>

                   Part 7 Documents used in the Origination of Scottish Mortgages/Loans Only

------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

JJ
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ1     Affidavit (re: Matrimonial Home/                ADV 77/1/87             Jan 1987
        Occupancy Rights)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ2     Re-advance/Further Advance Receipt              SEC 37/11/93            Nov 1993
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ3     Additional Advance Cheque Request               ADV 133. 01/94          Jan 1994
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ4     Standard Security                               ADV 58.01/94            Jan 1994
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ5     Report on Title (Scotland) -                    ADV 136. 01/94          Jan 1994
        Regulated Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ6     Deed of Variation of Security and               ADV152. 01/94           Jan 1994
        Receipt for 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               ADV 7/11.94             Nov 1994
        Purposes on Behalf of Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ12    Deed of Postponement (relating to a             FLEX06- 1995?           1995?
        Flexible Plan Loan regulated by the
        Consumer Credit Act 1974)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ13    Deed of Postponement (relating to a             FLEX07- 1995?           1995?
        Flexible Plan Loan regulated
        by the Consumer Credit Act 1974)
        FLEX07- 1995?
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ14    Deed of Postponement (relating to a             PERS09- 1995?           1995?
        Personal Secured Loan regulated by
        the Consumer Credit Act 1974)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ15    Deed of Postponement (relating to a             PERS10- 1995?           1995?
        Personal 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               Flexible Plan           Jul 1995
        Consumer Credit Act 1974                        (Scotland) -
                                                        ADVCR3 07/95
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ20    Loan Agreement - Flexible Plan                  ADVCR4 07/95            Jul 1995
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ21    Credit Agreement Regulated by the               ADV 138 09/95           Sep 1995
        Consumer Credit Act 1974
        (Personal Secured Loan)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ22    Assignation of Life Assurance Policy            ADV 59. 09/95           Sep 1995
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ23    Credit Agreement Regulated by the               ADV 138 09/95           Sep 1995
        Consumer Credit Act 1974 (Personal
        Secured Loan)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ24    Receipt for Further Advance                     ADV 60. 09.95           Sep 1995
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ25    Deed of Variation of Security                   ADV152. 09/95           Sep 1995
        and Receipt for Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      79
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

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               (PLN)/FLEX07 -          Oct 1995
        a Flexible Plan Loan regulated                  01/10/1995
        by the Consumer Credit Act 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               ADR3A-C/0796            July 1996
        Consumer Credit Act 1974 -
        Flexible Plan (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ33    Report on Title (Scotland)                      ADV62/0197              Jan 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ34    Guarantors Confirmation                         ADV266. 7/97            July 1997
        (Existing Borrowers)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ35    Fixed Sum Plan Application Form                 ADV31/07.97             July 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ36    Flexible Plan Application Form                  ADV 156.07/97           July 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ37    Deed of Postponement (relating to               (PLN)/PERS09-           Oct 1997
        a Personal Secured Loan regulated               01/10/1997
        by the Consumer Credit Act 1974)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ38    Deed of Postponement (relating to               (PLN)/PERS10-           Oct 1997
        a Personal Secured Loan regulated               01/10/1997
        by the Consumer Credit 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                         ADV266. 10/97           Oct 1997
        (Existing Borrowers)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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)                      ADV136.10/97            Oct 1997
        - Regulated Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ49    Credit Agreement Regulated by the               ADV138.10.97            Oct 1997
        Consumer Credit Act 1974 (Personal
        Secured Loan)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ50    Postponed Standard Security                     SEC53.10/97             Oct 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ51    Schedule of Documents of Title                  SEC7.10/97              Oct 1997
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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/                ADV77/10/97             Oct 1997
        Occupancy Rights)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ55    Report and Valuation for Mortgage               ADV 7/10.97             Oct 1997
        Purposes on Behalf of
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      80
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------

JJ56    Additional Advance Funds Request                ADV 133./10.97          Oct 1997
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ57    Instructions to Solicitors - For                ADV 270.                Oct 1997
        Flexible Plan Loans Over                        (Flexible Plan
        (GBP) 15,000                                    over (GBP) 15K -
                                                        Scotland) 10/97
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ58    Instructions to Solicitors                      ADV 136./10.97          Oct 1997
        (Attaching Report on Title
        (Scotland) - Regulated Loan) -
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ59    Deed of Variation of Security                   ADV152. 10/97           Oct 1997
        and Receipt for Further Advance
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ60    Instructions to Solicitors -                    ADV 137 10/97           Oct 1997
        (Flexi - Under(GBP)15K - Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ61    Credit Agreement Regulated by the               ADR3A-C/1097            Oct 1997
        Consumer Credit Act 1974 - Flexible
        Plan (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ62    Loan Agreement - Flexible Plan (Scotland)       ACR4A-C/1097            Oct 1997
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ63    Additional Advance Funds Request                ADV 133./11.97          Nov 1997
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
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                ADV 133./1.98           Jan 1998
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ67    Report on Title (Scotland)                      ADV 62./02.98           Feb 1998
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ78    Loan Agreement - Flexible Plan                  ACR4A-C/0298            Feb 1998
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ69    Instructions to Solicitors - For                ADV 270.04.98           Apr 1998
        Flexible Plan Loans Over (GBP)25,000
        - (Flexible Plan over (GBP)25K -
        Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ70    Report on Title (Scotland) -                    ADV 136./05.98          May 1998
        Regulated Loan
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ71    Instructions to Solicitors - (Fixed             ADV 269.5/98            May 1998
        Sum Plan - Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ72    Secured Personal Loan Application               ADV 31. 5/98            May 1998
        Form
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ73    Instructions to Panel Solicitors                ADV 269a.05/98          May 1998
        -  (Fixed Sum Plan - Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ74    Credit Agreement Regulated by the               MAR 127 01/06/98        Jun 1998
        Consumer Credit Act 1974
        (Personal Secured Loan)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ75    Credit Agreement Regulated by the               ACR3A-C/0798            Jul 1998
        Consumer Credit Act 1974 - Flexible
        Plan (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ76    Instructions to Solicitors - ADV                137/ 01.07.98           Jul 1998
        (Flexi - Under 25K - Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ77    Report and Valuation for Mortgage               ADV 7/12.98             Dec 1998
        Purposes on 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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      81
<PAGE>

------------------------------------------------------------------------------------------------------------------------

SABW    Document                                        Reference               Usage period and notes
------------------------------------------------------------------------------------------------------------------------
JJ81    Deed of Postponement                            (PLN)/PERS10            2000?
        (relating to a Personal                         A - 2000?
        Secured Loan regulated by
        the Consumer Credit Act
        1974)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ82    Deed of Postponement                            (PLN)/PERS21A - 2000?   2000?
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ83    Deed of Postponement                            (PLN)/FLEX07 A          2000?
        (relating to a Flexible                         - 2000?
        Plan Loan regulated by the
        Consumer Credit Act 1974)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ84    Secured Personal Loan Application Form          ADV 031 (8.5.2000)      May 2000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ85    consent by Non-Entitled Spouse                  ADV 64./06/00           June 2000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ86    Affidavit (re: Matrimonial Home/                ADV77 /07.00            Jul 2000
        Occupancy Rights)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ87    Report on Title (Scotland)                      ROT/0800                Aug 2000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ88    Credit Agreement Regulated by the               CA138B/0900             Sep 2000
        Consumer Credit Act 1974
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ89    Credit Agreement Regulated by the               CA127 09/00             Sep 2000
        Consumer Credit Act 1974
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ90    Credit Agreement Regulated by the               ACR3A-C/1000            Oct 2000
        Consumer Credit Act 1974 -
        Flexible Plan (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ91    Loan Agreement - Flexible Plan                  ACR4A-C/1000            Oct 2000
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ92    Scottish Mortgage Conditions 1997               SEC33/11.00             Nov 2000
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ93    Schedule of Documents of Title                  SOGO1/0201              Feb 2001
        (Scotland)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ94    Deed of Variation of Security and               ADV281/05.01            May 2001
        Receipt for 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               ADV279 06/01            Jun 2001
        Receipt for 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
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

                                      82
<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                                      Jan 2003
        (Part 2 - Name of Mortgage Lender)
        - Date Last Amended (1-Jan-2003)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ106   Credit Agreement Regulated by the               CA127 01/03             Jan 2003
        Consumer Credit Act 1974
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ107   Credit Agreement Regulated by the               01/03                   Jan 2003
        Consumer Credit Act 1974
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ108   Report and Valuation for Mortgage               ADV 7/07.03             Jul 2003
        Purposes on Behalf of
        Northern Rock plc
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ109   Secured Personal Loan Application               ADV 031 (08.2003)       Aug 2003
        Form
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ110   Offer of Loan                                                           Oct 2003
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ111   Together - Standard Security                    SOL002
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ112   Schedule of Documents of Title                  SEC 7
        (Scotland) (Pre 01/10/97)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ113   Consent by Non-Entitled Spouse                  ADV 64
        (Pre 09/95)
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
JJ114   Standard Security (Scottish
        Mortgage Conditions 2001 apply)

------------------------------------------------------------------------------------------------------------------------

</TABLE>

SIGNATORIES

SIDLEY AUSTIN BROWN & WOOD

By:

ALLEN & OVERY

By:

                                      83

                                      84
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]