Document:

Exhibit 4.1.2

                                                             Execution Version

                           Dated 24 September 2003
                           -----------------------

                        GRANITE FINANCE FUNDING LIMITED
                                  as Funding

                          GRANITE MORTGAGES 03-3 PLC
                               as Current Issuer

                             THE BANK OF NEW YORK
                              as Security Trustee

                                    - and -

                                CITIBANK, N.A.
                                 as Agent Bank

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

                     ISSUER INTERCOMPANY LOAN CONFIRMATION

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

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

<PAGE>

                               Table of Contents
                               -----------------

                                                                          Page
                                                                          ----

1.  Interpretation...........................................................1

2.  Intercompany Loan Terms and Conditions...................................2

3.  The Current Issuer Intercompany Loan.....................................2

4.  Interest.................................................................2

5.  Repayment................................................................3

6.  Certain Fees, etc. ......................................................4

7.  Additional Covenants.....................................................5

8.  Declaration of Trust.....................................................5

9.  Addresses................................................................5

SCHEDULE 1  CONDITIONS PRECEDENT IN RESPECT OF DRAWDOWN......................8

                                      i

<PAGE>

THIS AGREEMENT is dated 24 September 2003 between:

(1)  GRANITE FINANCE FUNDING LIMITED (registered number 79308), a private
     limited company incorporated under the laws of Jersey, but acting out of
     its branch office established in England (registered overseas company
     number FC022999 and branch number BR005916) at 4 Royal Mint Court, London
     EC3N 4HJ as Funding;

(2)  GRANITE MORTGAGES 03-3 PLC (registered in England and Wales No. 4823268),
     a public limited company incorporated under the laws of England and Wales
     whose registered office is at Fifth Floor, 100 Wood Street, London EC2V
     7EX as Current Issuer;

(3)  THE BANK OF NEW YORK, whose offices are at One Canada Square, 48th Floor,
     London E14 5AL in its capacity as Security Trustee; and

(4)  CITIBANK, N.A., acting through its offices at 5 Carmelite Street, London
     EC4Y 0PA in its capacity as Agent Bank.

IT IS AGREED as follows:

1.   Interpretation

1.1  The provisions of:

     (a)  the Master Definitions Schedule as amended and restated by (and
          appearing in Appendix 1 to) the Master Definitions Schedule Sixth
          Amendment Deed made on 24 September 2003 between, among others, the
          Seller, Funding and the Mortgages Trustee, and

     (b)  the Issuer Master Definitions Schedule signed for the purposes of
          identification by Sidley Austin Brown & Wood and Allen & Overy on
          24 September 2003,

     (as the same have been and may be amended, varied or supplemented from
     time to time with the consent of the parties hereto) are expressly and
     specifically incorporated into and shall apply to this Agreement. The
     Issuer Master Definitions Schedule specified as above shall prevail to
     the extent that it conflicts with the Master Definitions Schedule.

1.2  Specific terms: Unless the context otherwise requires, references in the
     Intercompany Loan Terms and Conditions to:

     "Closing Date" shall mean 24 September 2003;

     "Intercompany Loan" shall mean the Current Issuer Intercompany Loan;

     "Intercompany Loan Agreement" shall mean the Current Issuer Intercompany
     Loan Agreement;

     "Intercompany Loan Confirmation" shall mean this Current Issuer
     Intercompany Loan Confirmation;

                                      1
<PAGE>

     "Issuer" shall mean the Current Issuer;

     "Issuer Transaction Accounts" shall mean the Current Issuer Transaction
     Accounts; and

     "Notes" shall mean the Current Issuer Notes.

2.   Intercompany Loan Terms and Conditions

     Each of the parties to this Agreement agrees that the Intercompany Loan
     Terms and Conditions signed by Funding, the Security Trustee and the
     Agent Bank for the purposes of identification on 26 March 2001 (as the
     same has been and may be amended, varied, novated or supplemented from
     time to time by the parties thereto) and the provisions set out therein
     shall form part of this Agreement and shall be binding on the parties to
     this Agreement as if they had been expressly set out herein. References
     in this Agreement to "this Agreement" shall be construed accordingly.

3.   The Current Issuer Intercompany Loan

3.1  Grant of Current Issuer Intercompany Loan: On and subject to the terms of
     this Agreement, the Current Issuer hereby grants an Intercompany Loan to
     Funding as follows:

     (a)  the maximum amount available for utilisation under that Intercompany
          Loan shall be (GBP)2,226,469,523; and

     (b)  for all purposes the Outstanding Principal Amount of the
          Intercompany Loan and principal amount outstanding and payable
          and/or repayable in respect of that Intercompany Loan shall be:

          (i)   the total amount utilised in respect of that Intercompany Loan
                multiplied by 100%, less

          (ii)  the aggregate principal amounts repaid in respect of the
                Intercompany Loan in accordance with the Intercompany Loan
                Agreement.

3.2  Conditions Precedent: Save as the Current Issuer may otherwise agree, the
     Current Issuer Intercompany Loan will not be available for utilisation
     unless the Current Issuer has confirmed to Funding (with a copy of such
     confirmation to the Security Trustee) that it or its advisers have
     received all the information and documents listed in Schedule 1 in form
     and substance satisfactory to the Current Issuer.

4.   Interest

4.1  Payment subject to terms of the Current Issuer Cash Management Agreement:
     The terms and conditions of this Clause 4 are to be read in conjunction
     with the provisions of Part 3 of 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 provisions thereof.

4.2  Payment of Interest: Subject to Clause 4 of the Intercompany Loan Terms
     and Conditions, on each Payment Date Funding will pay to the Current
     Issuer for same

                                      2
<PAGE>

     day value to the Current Issuer Sterling Account an amount of interest
     equal to the amount of interest required by the Current Issuer on such
     Payment Date (or such other date on which an amount of interest is
     payable by the Current Issuer) to fund (by payment to any Swap Provider
     or otherwise) the amount payable by the Current Issuer on such Payment
     Date (or such other date on which an amount of interest is payable by the
     Current Issuer) on the Current Issuer Notes and certain other amounts
     (including an amount equal to the Current Issuer's retained profit) as
     specified in and in accordance with the Current Issuer Priority of
     Payments as calculated by the Current Issuer Cash Manager on the
     Distribution Date that immediately precedes such Payment Date and
     communicated by the Current Issuer Cash Manager to the Agent Bank by the
     close of business on such Distribution Date. For the avoidance of doubt,
     amounts paid by Funding to the Current Issuer pursuant to this Clause 4.2
     shall constitute payment of interest on the Current Issuer Intercompany
     Loan.

4.3  Interest Periods: The first Interest Period shall commence on (and
     include) the Closing Date and end on (but exclude) the Payment Date
     falling in January 2004. Each subsequent Interest Period shall commence
     on (and include) a Payment Date and end on (but exclude) the following
     Payment Date.

5.   Repayment

5.1  Payment subject to terms of the Current Issuer Cash Management Agreement:
     The terms and conditions of this Clause 5 are to be read in conjunction
     with the provisions of Part 4 of 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 provisions thereof.

5.2  Repayment: Subject to Clause 4 of the Intercompany Loan Terms and
     Conditions, on each Payment Date Funding will repay to the Current Issuer
     for same day value to the Current Issuer Sterling Account an amount of
     principal equal to the amount of principal required by the Current Issuer
     on such Payment Date (or such other date on which an amount of principal
     is payable by the Current Issuer) to fund (by payment to any Swap
     Provider or otherwise) the amount payable by the Current Issuer on such
     Payment Date (or such other date on which an amount of principal is
     payable by the Current Issuer on the Current Issuer Notes) on the Current
     Issuer Notes, as determined by the Current Issuer Cash Manager under the
     terms of the Current Issuer Cash Management Agreement on the Distribution
     Date that immediately precedes such Payment Date and communicated by the
     Current Issuer Cash Manager to the Agent Bank by the close of business on
     such Distribution Date.

5.3  Acknowledgement of New Intercompany Loans: The Current Issuer hereby
     acknowledges and agrees that Funding has entered into Previous Issuer
     Intercompany Loan Agreements with Previous Issuers and that from time to
     time Funding may enter into other New Intercompany Loans with New Issuers
     and that the obligation of Funding to repay this Current Issuer
     Intercompany Loan will rank pari passu with the obligations of Funding to
     repay the Previous Issuer Intercompany Loans and any New Intercompany
     Loans, other than in respect of the priority made in the allocation of
     principal receipts to an Issuer which has issued Money Market Notes.

                                      3
<PAGE>

6.   Certain Fees, etc.

6.1  Fee for provision of Current Issuer Intercompany Loan: In addition to the
     interest and principal payments to be made by Funding under Clauses 4 and
     5, respectively, on each Payment Date (or, in respect of the payment to
     be made as set forth in (a) below, on the Drawdown Date) or on any other
     date on which the Current Issuer notifies Funding, Funding shall pay to
     the Current Issuer for same day value to the relevant Current Issuer
     Transaction Account a fee for the provision of the Current Issuer
     Intercompany Loan (except that in the case of payments due under
     paragraphs (c), (e), (f) and (j) below, such payments shall be paid when
     due). Such fee shall be an amount or amounts in the aggregate equal to
     the following:

     (a)  the amount payable on the Drawdown Date as previously communicated
          to Funding by the Current Issuer;

     (b)  the fees, costs, charges, liabilities and expenses and any other
          amounts due and payable to the Note Trustee pursuant to the Current
          Issuer Trust Deed or any other Current Issuer Transaction Document,
          together with interest thereon as provided therein;

     (c)  the reasonable fees and expenses of any legal advisers, accountants
          and auditors appointed by the Current Issuer and properly incurred
          in their performance of their functions under the Current Issuer
          Transaction Documents which have fallen due;

     (d)  the fees, costs and expenses due and payable to the Paying Agents
          and the Agent Bank pursuant to the Current Issuer Paying Agent and
          Agent Bank Agreement and the fees, costs and expenses due and
          payable to the Transfer Agent and the Registrar;

     (e)  any amounts due and payable by the Current Issuer to the Inland
          Revenue in respect of the Current Issuer's liability to United
          Kingdom corporation tax (insofar as payment is not satisfied by the
          surrender of group relief or out of the profits, income or gains of
          the Current Issuer and subject to the terms of the Current Issuer
          Deed of Charge) or any other Taxes payable by the Current Issuer;

     (f)  the fees, costs, charges, liabilities and expenses due and payable
          to the Current Issuer Account Bank pursuant to the Current Issuer
          Bank Account Agreement (if any);

     (g)  the fees, costs, charges, liabilities and expenses due and payable
          to the Current Issuer Cash Manager pursuant to the Current Issuer
          Cash Management Agreement;

     (h)  any termination payment due and payable by the Current Issuer to a
          Current Issuer Swap Provider pursuant to a Current Issuer Swap
          Agreement;

     (i)  the fees, costs, charges, liabilities and expenses due and payable
          to the Current Issuer Corporate Services Provider pursuant to the
          Current Issuer Corporate Services Agreement; and

                                      4
<PAGE>

     (j)  any other amounts due or overdue (including amounts due or overdue
          in respect of stamp duty and issuer, registration and documentary
          taxes or other taxes of a similar nature) by the Current Issuer to
          third parties including the Rating Agencies and the amounts paid by
          the Current Issuer under the Current Issuer Subscription Agreement
          and the Current Issuer Underwriting Agreement (excluding, for these
          purposes, the Noteholders) other than amounts specified in
          paragraphs (a) to (i) above,

     together with, (i) in respect of taxable supplies made to the Current
     Issuer, any amount in respect of any VAT or similar tax payable in
     respect thereof against production of a valid tax invoice; and (ii) in
     respect of taxable supplies made to a person other than the Current
     Issuer, any amount in respect of any Irrecoverable VAT or similar tax
     payable in respect thereof (against production of a copy of the relevant
     tax invoice), and to be applied subject to and in accordance with the
     provisions of the Current Issuer Pre-Enforcement Revenue Priority of
     Payments in the Current Issuer Cash Management Agreement or such other
     Current Issuer Priority of Payments as may apply on that date.

6.2  Set-off: Funding and each of the other parties to this Agreement agree
     that the Current Issuer shall be entitled to set-off those amounts due
     and payable by Funding pursuant to this Clause 6 on the Closing Date
     against the amount to be advanced by the Current Issuer to Funding under
     the Current Issuer Intercompany Loan on the Closing Date.

7.   Additional Covenants

     Funding undertakes to establish the Current Issuer Liquidity Reserve
     Fund, and an appropriate ledger therefor, on behalf of the Current Issuer
     should 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 the then
     current ratings of the Current Issuer Notes will not be adversely
     affected by such ratings downgrade). Any such Current Issuer Liquidity
     Reserve Fund and such Current Issuer Liquidity Reserve Ledger shall be
     established and maintained in accordance with the provisions of the Cash
     Management Agreement.

8.   Declaration of Trust

     The Current Issuer declares the Security Trustee, and the Security
     Trustee hereby declares itself, trustee of all the covenants,
     undertakings, rights, powers, authorities and discretions in, under or in
     connection with this Agreement for the Current Issuer Secured Creditors
     in respect of the Current Issuer Secured Obligations owed to each of them
     respectively upon and subject to the terms and conditions of the Current
     Issuer Deed of Charge.

9.   Addresses

     The addresses referred to in Clause 18.4 (Notices) of the Intercompany
     Loan Terms and Conditions are as follows:

                                      5
<PAGE>

     The Security Trustee:

     For the attention of:          Corporate Trust (Global Structured Finance)

     Address:                       The Bank of New York
                                    48th Floor, One Canada Square
                                    London E14 5AL

     Facsimile:                     +44 207 964 6061 / +44 207 964 6399

     The Current Issuer:

     For the attention of:          The Company Secretary

     Address:                       Granite Mortgages 03-3 plc
                                    Fifth Floor
                                    100 Wood Street
                                    London EC2V 7EX

     Telephone:                     +44 207 606 5451

     Facsimile:                     +44 207 606 0643

     Funding:

     For the attention of:          The Company Secretary

     Address:                       Granite Finance Funding Limited
                                    4 Royal Mint Court
                                    London  EC3N 4HJ

     Telephone:                     +44 207 073 7861

     Facsimile:                     +44 207 073 7874

     Rating Agencies:

     Moody's:                       Moody's Investors Services Limited
                                    2 Minster Court, 1st Floor
                                    Mincing Lane
                                    London  EC3R 7XB

     For the attention of:          Head of Monitoring Group, Structured Finance

     Telephone:                     +44 207 772 5434

     Facsimile:                     +44 207 772 5400

     S&P:                           Standard and Poor's
                                    Garden House
                                    18 Finsbury Circus
                                    London  EC2M 7NJ

                                      6
<PAGE>

     For the attention of:          Andre Vollmann

     Telephone:                     +44 207 826 3855

     Facsimile:                     +44 207 826 3598

     Fitch:                         Fitch Ratings Ltd.
                                    Eldon House
                                    2 Eldon Street
                                    London  EC2M 7UA

     For the attention of:          European Structured Finance Surveillance

     Telephone:                     +44 207 417 6271

     Facsimile:                     +44 207 417 6262

IN WITNESS WHEREOF the parties have caused this Agreement to be duly executed
on the day and year appearing on page 1.

                                      7
<PAGE>

                                  SCHEDULE 1

                  CONDITIONS PRECEDENT IN RESPECT OF DRAWDOWN

1.   Authorisations

     (a)  A copy of the memorandum and articles of association and certificate
          of incorporation of Funding.

     (b)  A copy of a resolution of the board of directors of Funding
          authorising the entry into, and the execution and performance of,
          each of the Current Issuer Transaction Documents to which Funding is
          a party and authorising specified persons to execute those on its
          behalf.

     (c)  A certificate of a director of Funding certifying:

          (i)  that each document delivered under this paragraph 1 of Schedule
               1 is correct, complete and in full force and effect as at a
               date no later than the date of the Current Issuer Intercompany
               Loan Confirmation and, if such certificate is dated other than
               on the Drawdown date, undertaking to notify the Current Issuer
               (with a copy of such certification to the Security Trustee) if
               that position should change prior to the Drawdown Date; and

          (ii) as to the identity and specimen signatures of the directors and
               signatories of Funding.

2.   Security

           The Current Issuer Deed of Accession duly executed by the parties
thereto.

3.   Legal opinion

     Legal opinions of:

     (a)  Sidley Austin Brown & Wood, English legal advisers to the Seller,
          the Current Issuer and Funding, addressed to the Security Trustee;
          and

     (b)  Sidley Austin Brown & Wood LLP, U.S. legal advisers to the Seller,
          the Current Issuer and Funding, addressed to the Security Trustee.

4.   Transaction Documents

     Duly executed copies of:

     (a)  the Current Issuer Deed of Charge;

     (b)  the Current Issuer Trust Deed;

     (c)  the Cash Management Agreement;

     (d)  the Global Note Certificates;

                                      8
<PAGE>

     (e)  the Current Issuer Corporate Services Agreement;

     (f)  the Current Issuer Currency Swap Agreements;

     (g)  the Current Issuer Basis Rate Swap Agreement;

     (h)  the Bank Account Agreement;

     (i)  the Collection Bank Agreement;

     (j)  the Master Definitions Schedule and the Current Issuer Master
          Definitions Schedule;

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

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

     (m)  the Mortgage Sale Agreement;

     (n)  the Mortgages Trust Deed;

     (o)  the Administration Agreement;

     (p)  the Mortgages Trustee Guaranteed Investment Contract;

     (q)  the Funding Guaranteed Investment Contract;

     (r)  the Funding (Current Issuer) Guaranteed Investment Contract;

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

     (t)  the Current Issuer Subscription Agreement;

     (u)  the Current Issuer Underwriting Agreement;

     (v)  the Seller Power of Attorney;

     (w)  the Funding Deed of Charge;

     (x)  the Current Issuer Cash Management Agreement;

     (y)  the Funding (Current Issuer) Bank Account Agreement; and

     (z)  the Current Issuer Bank Account Agreement.

5.   Bond Documentation

     (a)  Confirmation that the Current Issuer Notes have been issued and the
          subscription proceeds received by the Current Issuer; and

     (b)  Copy of the Prospectus and the Offering Circular.

                                      9
<PAGE>

6.   Miscellaneous

     A solvency certificate from Funding signed by two directors of Funding in
     or substantially in the form set out in Schedule 2 (Solvency Certificate)
     to the Intercompany Loan Terms and Conditions.

                                      10
<PAGE>

                                                           EXECUTION PAGE

<TABLE>
<CAPTION>
Funding

<S>                                                                   <C>
Executed by
GRANITE FINANCE FUNDING LIMITED
as follows:                                                                By
Signed for and on its behalf by one of its duly authorised                   ------------------------------------------------------
attorneys/signatories                                                        Duly Authorised Attorney/Signatory

                                                                         Name
                                                                             ------------------------------------------------------

The Current Issuer

Executed by
GRANITE MORTGAGES 03-3 PLC
as follows:                                                                By
Signed for and on its behalf by one of its duly authorised                   ------------------------------------------------------
attorneys/signatories                                                        Duly Authorised Attorney/Signatory

                                                                         Name
                                                                             ------------------------------------------------------

The Security Trustee

Executed by
BANK OF NEW YORK
as follows:                                                                By
Signed for and on its behalf by one of its duly authorised                   ------------------------------------------------------
attorneys/signatories                                                        Duly Authorised Attorney/Signatory

                                                                         Name
                                                                             ------------------------------------------------------

The Agent Bank

Executed by
CITIBANK, N.A.
as follows:                                                                By
Signed for and on its behalf by one of its duly authorised                   ------------------------------------------------------
attorneys/signatories                                                        Duly Authorised Attorney/Signatory

                                                                         Name
                                                                             ------------------------------------------------------
</TABLE>

                                                                 11Execution Version

                                                                    Exhibit 4.2

                            Dated 24 September 2003

                               NORTHERN ROCK PLC
                  as Seller, Cash Manager, and a Beneficiary

                        GRANITE FINANCE FUNDING LIMITED
                         as Funding and a Beneficiary

                       GRANITE FINANCE TRUSTEES LIMITED
                             as Mortgages Trustee

                                    - and -

                             THE BANK OF NEW YORK
                              as Security Trustee

               -----------------------------------------------
                             MORTGAGES TRUST DEED
                           SEVENTH DEED OF AMENDMENT
               -----------------------------------------------

                          SIDLEY AUSTIN BROWN & WOOD
                            1 Threadneedle Street
                              LONDON EC2R 8 A W
                           TELEPHONE 020 7360 3600
                           FACSIMILE 2020 7626 7937
                            REF: 30507 - 19/620908

<PAGE>

THIS DEED is made on 24 September 2003

BETWEEN:

(1)   NORTHERN ROCK PLC (registered number 03273685), 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, in its
      capacity as Seller, and in its capacity as Cash Manager and in its
      capacity as a Beneficiary;

(2)   GRANITE FINANCE FUNDING LIMITED (registered number 79308), a private
      limited company incorporated under the laws of Jersey, but acting out of
      its office established in England (registered overseas company number
      FC022999 and branch number BR005916) at 4 Royal Mint Court, London EC3N
      4HJ in its capacity as a Beneficiary;

(3)   GRANITE FINANCE TRUSTEES LIMITED (registered number 79309), a private
      limited company incorporated under the laws of Jersey whose registered
      office is at 22 Grenville Street, St. Helier, Jersey JE4 8PX, Channel
      Islands in its capacity as the Mortgages Trustee; and

(4)   THE BANK OF NEW YORK, a New York banking corporation whose London branch
      address is at One Canada Square, 48th Floor, London E14 5AL United
      Kingdom, in its capacity as Security Trustee.

WHEREAS:

(A)   On 26 March 2001 (the "Initial Closing Date"), the Mortgages Trustee
      declared the following trusts in respect of the Trust Property (being on
      the Initial Closing Date, the sum of (pound)100 which monies have been
      received by, are presently beneficially owned by and are held by the
      Mortgages Trustee or to its order).

(B)   On the Initial Closing Date, the Mortgages Trustee (acting as principal
      and not as agent of any party) agreed, in accordance with the Mortgages
      Trust Deed dated 26 March 2001 among the parties hereto (the "Mortgages
      Trust Deed") to hold the Trust Property as bare trustee for Funding and
      the Seller (each a Beneficiary and together, the "Beneficiaries") upon,
      with and subject to the trusts, powers and provisions of the Mortgages
      Trust Deed. The Mortgages Trustee receives amounts arising from the
      Trust Property and distributes such amounts for the benefit of the
      Beneficiaries of the Mortgages Trust. It delegates certain tasks in
      relation to the Mortgages Trust to the Administrator and the Cash
      Manager.

(C)   The Seller carries on the business of, inter alia, originating
      residential first mortgage loans to individual Borrowers in England and
      Wales and of managing and administering such mortgage loans. The Seller
      has assigned and intends to assign from time to time portfolios of such
      mortgage loans to the Mortgages Trustee pursuant to the Mortgage Sale
      Agreement entered into on the Initial Closing Date, which mortgage loans
      shall be held by the Mortgages Trustee as bare trustee for the
      Beneficiaries upon, with and subject to the trusts, powers and
      provisions of the Mortgages Trust Deed.

<PAGE>

(D)   The parties have agreed to amend and restate the Mortgages Trust Deed
      (the "First Amended and Restated Mortgages Trust Deed") pursuant to the
      provisions set out in a deed of amendment and restatement dated 23 July
      2001 (the "First Deed of Amendment and Restatement").

(E)   The parties have agreed to amend and restate the First Amended and
      Restated Mortgages Trust Deed (the "Second Amended and Restated
      Mortgages Trust Deed") pursuant to the provisions set out in a deed of
      amendment and restatement dated 28 September 2001 (the "Second Deed of
      Amendment and Restatement").

(F)   The parties have agreed to amend and restate the Second Amended and
      Restated Mortgages Trust Deed (the "Third Amended and Restated Mortgages
      Trust Deed") pursuant to the provisions set out in a deed of amendment
      and restatement dated 20 March 2002 (the "Third Deed of Amendment and
      Restatement").

(G)   The parties have agreed to amend and restate the Third Amended Mortgages
      Trust Deed (the "Fourth Amended Mortgages Trust Deed") pursuant to the
      provisions set out in a deed of amendment and restatement dated 23
      September 2002 (the "Fourth Deed of Amendment and Restatement").

(H)   The parties have agreed to amend and restate the Fourth Amended
      Mortgages Trust Deed (the "Fifth Amended Mortgages Trust Deed") pursuant
      to the provisions set out in a deed of amendment and restatement dated
      27 January 2003 (the "Fifth Deed of Amendment and Restatement").

(I)   The parties have agreed to amend and restate the Fifth Amended Mortgages
      Trust Deed (the "Sixth Amended Mortgages Trust Deed") pursuant to the
      provisions set out in a deed of amendment and restatement dated 21 May
      2003 (the "Sixth Deed of Amendment and Restatement").

(J)   The parties now wish to amend and restate the Sixth Amended and Restated
      Mortgages Trust Deed.

(K)   With effect from the date hereof, the provisions of the Mortgages Trust
      Deed, the First Amended and Restated Mortgages Trust Deed, the Second
      Amended and Restated Mortgages Trust Deed, the Third Amended and
      Restated Mortgages Trust Deed, the Fourth Amended and Restated Mortgages
      Trust Deed, the Fifth Amended and Restated Mortgages Trust Deed, the
      Sixth Amended and Restated Mortgages Trust Deed and this Deed shall be
      read and construed as one document.

NOW IT IS HEREBY AGREED as follows:

1.    INTERPRETATION

1.1   The provisions of the Master Definitions Schedule as amended and
      restated by (and appearing in Appendix 1 to) the Master Definitions
      Schedule Sixth Amendment Deed made on 24 September 2003 between, among
      others, the parties hereto (as the same have been and may be amended,
      varied or supplemented from time to time with the consent of the parties

                                      2

<PAGE>

      hereto) are expressly and specifically incorporated into and shall apply
      to this Deed.

1.2   The Mortgages Trust Deed as amended and restated pursuant to the First
      Deed of Amendment and Restatement, the Second Deed of Amendment and
      Restatement, the Third Deed of Amendment and Restatement, the Fourth
      Deed of Amendment and Restatement, the Fifth Deed of Amendment and
      Restatement, the Sixth Deed of Amendment and Restatement and pursuant
      hereto shall be referred to herein as the "Amended and Restated
      Mortgages Trust Deed".

1.3   As used in the Amended and Restated Mortgages Trust Deed the terms
      "Mortgages Trust Deed", "this Mortgages Trust Deed", "Trust Deed", "this
      Trust Deed", "Deed", "this Deed", "herein", "hereinafter", "hereof",
      "hereto" and other words of similar import shall mean or refer to the
      Amended and Restated Mortgages Trust Deed, unless the context otherwise
      specifically requires.

2.    AMENDMENTS TO THE SIXTH AMENDED AND RESTATED MORTGAGES TRUST DEED

      Upon execution of this Deed by the parties hereto, the Sixth Amended and
      Restated Mortgages Trust Deed shall be and hereby is amended and
      restated in the form of Appendix I hereto.

3.    CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

      No person shall have any right to enforce any provision of this Deed or
      any provision of the Amended and Restated Mortgages Trust Deed under the
      Contract (Rights of Third Parties) Act 1999 but this shall not affect
      any right or remedy of a third party which exists apart from that Act.

4.    Security Trustee

      The Security Trustee, for the purposes of Clause 15.2 (Negative
      Covenants) of the Funding Deed of Charge, hereby consents to the
      amendments to the Sixth Amended and Restated Mortgages Trust Deed and is
      party to this Deed solely for the purposes of providing such consent.

5.    COUNTERPARTS

      This Deed may be executed in any number of counterparts, and has the
      same effect as if the signatures and/or seals on the counterparts were
      on a single copy of this Deed.

6.    GOVERNING LAW

6.1   This Deed is governed by, and shall be construed in accordance with,
      English law.

6.2   Each of the parties hereto irrevocably agrees that the courts of England
      shall have jurisdiction to hear and determine any suit, action or
      proceeding, and to settle any disputes, which may arise out of or in
      connection with this Deed and, for such purposes, irrevocably submits to
      the jurisdiction of such courts.

                                      3

<PAGE>

                                EXECUTION PAGE

IN WITNESS WHEREOF this Deed has been executed as a deed and delivered by the
parties hereto on the day and year first above written.

Executed by

<TABLE>
<CAPTION>
<S>                                                        <C>
NORTHERN ROCK PLC
as its deed as follows:
Signed for and on its behalf by one of its duly
authorised attorneys/signatories                              By
                                                                    ----------------------------------------
                                                                    Duly Authorised Attorney/Signatory

                                                              Name
                                                                    ----------------------------------------
Signature
             ----------------------------------------------
             Witness

Full name
             ----------------------------------------------
Occupation   Solicitor
             ----------------------------------------------
Address      c/o Sidley Austin Brown & Wood
             ----------------------------------------------
             1 Threadneedle Street
             ----------------------------------------------
             London EC2R 8AW
             ----------------------------------------------

Executed by
GRANITE FINANCE FUNDING LIMITED
as its deed as follows:
Signed for and on its behalf by one of its directors
and by another of its directors/its secretary                 By
                                                                    ----------------------------------------
                                                                    Director

                                                              Name
                                                                    ----------------------------------------

                                                              By
                                                                    ----------------------------------------
                                                                    Director/Secretary

                                                              Name
                                                                    ----------------------------------------

Executed by
GRANITE FINANCE TRUSTEES LIMITED
as its deed as follows:
Signed for and on its behalf by one of its directors
and by another of its directors/its secretary                 By
                                                                    ----------------------------------------
                                                                    Director

                                                              Name
                                                                    ----------------------------------------

                                                              By
                                                                    ----------------------------------------
                                                                    Director/Secretary

                                                              Name
                                                                    ----------------------------------------

                                     4

<PAGE>

Executed by
THE BANK OF NEW YORK
as its deed as follows:
Signed for and on its behalf by one of its duly
authorised attorneys/signatories                              By
                                                                    ----------------------------------------
                                                                    Duly Authorised Attorney/Signatory

                                                              Name
                                                                    ----------------------------------------
</TABLE>

                                      5

<PAGE>

                                  Appendix I
                   Amended and Restated Mortgages Trust Deed

                                      6

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