Document:

EXHIBIT 10.5.2
                                                                  Execution Copy

                             DATE 23 SEPTEMBER 2002

                           GRANITE MORTGAGES 02-2 PLC

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                       ISSUER MASTER DEFINITIONS SCHEDULE

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                           SIDLEY AUSTIN BROWN & WOOD
                              1 THREADNEEDLE STREET
                                 LONDON EC2R 8AW
                             TELEPHONE 020 7360 3600
                             FACSIMILE 020 7626 7937
                            REF: LHC/30507-13/550686

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THIS ISSUER MASTER DEFINITIONS SCHEDULE is signed for the purposes of
identification on 23 September 2002

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 MORTGAGE LOAN" means any Mortgage Loan which is assigned by the
Seller to the Mortgages Trustee on the Closing Date 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 MORTGAGE PORTFOLIO" means the portfolio of Additional Mortgage
Loans, their Related Security, Accrued Interest and other amounts derived from
such Additional Mortgage Loans that the Seller anticipates assigning to the
Mortgages Trustee on the Closing Date;

"ADDITIONAL TRUST PROPERTY" means the Additional Mortgage Portfolio assigned to
the Mortgage Trustee by the Seller on the Closing Date, including the Additional
Mortgage Loans and their Related Security, the rights under the MIG Policies and
the other Insurance Policies arranged by the Seller, but excluding any Early
Repayment Charges which are reassigned to 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

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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, (pound)1,000 and
(pound)10,000, in the case of any class of the Euro Notes, |x|1,000 and
|x|10,000 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 $1,000 in
excess thereof;

"AUTHORISED EURO HOLDING" means (euro)1,000 (which shall be the minimum
allowable holding with respect to each Euro Note) and integral multiples of
(euro)1,000 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 (pound)1,000 (which shall be the minimum
allowable holding with respect to each Sterling Note) and integral multiples of
(pound)1,000 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 and Confirmation thereto entered into among such
Issuer, the related Basis Rate Swap Provider and the Note Trustee, 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;

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"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 A 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 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 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(C) 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;

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"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;

"CLEARING SYSTEM" means any of DTC (with respect to the US Notes) and Euroclear
and Clearstream, Luxembourg (with respect to the Reg S Notes), and any other or
additional organisation of a similar nature as may be approved in writing by the
Note Trustee;

"COMMON DEPOSITARY" means Citibank, N.A. in its capacity as common depositary
for Euroclear or Clearstream, Luxembourg in respect of the Reg S 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 02-2 plc, a company incorporated with
limited liability under the laws of England and Wales, registered number
4482804;

"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 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; and

       (b)    all Current Issuer Available Revenue Receipts which are to be used
              on that Payment Date to credit any Current Issuer Principal
              Deficiency Sub Ledger,

         Less

       (c)    the aggregate amount of all Current Issuer Principal Receipts to
              be applied on the relevant Payment Date to pay items (A) through
              (E), (G) or (I) 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 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;

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"CURRENT ISSUER AVAILABLE REVENUE RECEIPTS" for the Current Issuer in respect of
any Payment Date will be an amount equal to the sum of:

(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 the Current Issuer Swap Agreements on the relevant Payment Date
       (other than any early termination amounts received by the Current Issuer
       under the Current Issuer Swap Agreements);

(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;

(4)    (only to the extent required after making the relevant calculations set
       out in the Current Issuer Cash Management Agreement), the amount of
       Current Issuer Principal Receipts (if any) which are to be applied on the
       relevant Payment Date to pay items (A) through (E), (G) and/or (I) 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
among the Current Issuer, the Current Issuer Basis Rate Swap Provider and the
Note Trustee, 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;

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"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;

"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 Provider 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

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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 10456837) 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;

"CURRENT ISSUER DOLLAR CURRENCY SWAP AGREEMENTS" means the ISDA Master
Agreements, Schedules and Confirmations thereto entered into on or about the
Closing Date among the Current Issuer, the Current Issuer Dollar Currency Swap
Provider and the Note Trustee, 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 PROVIDER" means CDC IXIS Capital Markets 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 10456853) 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
among the Current Issuer, the Current Issuer Euro Currency Swap Provider and the
Note Trustee, 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 CDC IXIS Capital Markets 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

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"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 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) and (G) and (I) 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 and the Current Issuer Principal Deficiency
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;

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"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;

"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 (J) 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 (K)
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);

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"CURRENT ISSUER POST START-UP PAYMENTS" means the payments set out in items (L)
and (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 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" means the payments set out in items (K)
and (L) 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 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 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 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

                                       10
<PAGE>

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 (E) 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;

"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(pound)39,000,000;

"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 the Current Issuer Swap Agreements on the such Payment Date (other
       than any early termination amounts 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

                                       11

<PAGE>

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;

"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 10456845) 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
13 September 2002 between the Current Issuer, Funding, the Mortgages Trustee,
Salomon Brothers International Limited, J.P. Morgan Securities Ltd and the other
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 Provider 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;

                                       12

<PAGE>

"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;

(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; and

(q)    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 13
September 2002, among the Current Issuer, Funding, the Mortgages Trustee,
Salomon Smith Barney Inc, J.P. Morgan Securities Inc. and the other
Underwriters;

"CUT-OFF DATE" means 31 July 2002;

"CUT-OFF DATE MORTGAGE PORTFOLIO" means as of the Cut-Off Date, the Existing
Mortgage Portfolio combined with the Additional Mortgage Portfolio;

"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;

                                       13

<PAGE>

"DETERMINATION DATE" means the first Business Day of any calender 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, Schedule and Confirmation(s) thereto entered into among
such Issuer, the related Dollar Currency Swap Provider and the Note Trustee, as
may be amended, restated, varied or supplemented from time to time and shall
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 Provider 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 the 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 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;

                                       14

<PAGE>

"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, Schedule and Confirmation(s) thereto entered into among such
Issuer, the related Euro Currency Swap Provider and the Note Trustee, 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;

"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 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;

"EXISTING MORTGAGE LOANS" means the Mortgage Loans in the Existing Mortgage
Portfolio;

                                       15

<PAGE>

"EXISTING MORTGAGE PORTFOLIO" means the portfolio of Initial Mortgage Loans and
Further Mortgage Loans as it is constituted as of any date of determination
prior to the Closing Date, taking account of, among other things, amortization
of Mortgage Loans in that portfolio and the addition and/or removal of any
Mortgage Loans to or from that portfolio since 26 March 2001;

"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, in respect of the Series 1 Class A1 Notes, the
Payment Date falling in January 2017 and in respect of any other Current Issuer
Notes, the Payment Date falling in January 2043;

"FINAL REPAYMENT DATE" means, in respect of the Current Issuer Intercompany
Loan, the Payment Date falling in April 2042 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 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 will be 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;

"FURTHER MORTGAGE LOANS" means any Mortgage Loan which was assigned by the
Seller to the Mortgages Trustee on 28 September 2001 under the terms of the
Mortgage Sale Agreement and referenced by its Mortgage Loan identifier number
and comprising the aggregate of all principal sums, interest, costs, charges,
expenses and other monies (including all Further Advances) due or

                                       16

<PAGE>

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;

"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:

(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

                                       17

<PAGE>

(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,
       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 PERIOD" means in relation to the Current Issuer Notes the period from
(and including) a 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;

"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, Salomon Smith Barney Inc. and J.P. Morgan Securities Inc. and (2)
in respect of the Reg S Notes, Salomon Brothers International Limited and J.P.
Morgan Securities Ltd;

                                       18

<PAGE>

"MANAGERS" means, in relation to the Reg S Notes issued by the Current Issuer,
Salomon Brothers International Limited, J.P. Morgan Securities Ltd, Barclays
Bank PLC, Bank Brussels Lambert S.A., Deutsche Bank AG London and UBS AG, acting
through its business group UBS Warburg;

"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;

"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 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;

"OFFERING CIRCULAR" means, in relation to the Current Issuer Notes, the offering
circular dated 12 September 2002 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;

                                       19

<PAGE>

"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 twentieth day
of January, April, July and October in each year, beginning in January 2003 or
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 29 August 2002 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 29 August 2002 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;

"PROSPECTUS" means, in relation to the Current Issuer Notes, the prospectus
dated 12 September 2002 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 and Wales 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;

                                       20

<PAGE>

"REFERENCE BANKS" means the principal London office of each of Citibank N.A.,
ABN AMRO Bank N.V., Barclays Bank plc and JPMorgan Chase Bank or any bank that
replaces such bank;

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

"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.
333-97023) 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;

"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 the Current Issuer
Dollar Currency Swap Provider;

"SERIES 1 CLASS A2 DOLLAR CURRENCY SWAP PROVIDER" means the Current Issuer
Dollar Currency Swap Provider;

                                       21

<PAGE>

"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 $650,000,000 Floating
Rate Notes due January 2017 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;

"SERIES 1 CLASS A2 NOTES" means the notes comprising the $1,150,000,000 Floating
Rate Notes due January 2043 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 the Current Issuer Dollar
Currency Swap Provider;

"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

                                       22

<PAGE>

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 $60,000,000 Floating
Rate Notes due January 2043 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 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 the Current Issuer Dollar
Currency Swap Provider;

"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 $88,000,000 Floating
Rate Notes due January 2043 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 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 and the Series 1 Class C Notes;

"SERIES 2 CLASS A 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 A Notes in Euro;

"SERIES 2 CLASS A 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;

                                       23

<PAGE>

"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 notes comprising the |x|1,100,000,000
Floating Rate Notes due January 2043 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 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 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 |x|41,000,000
Floating Rate Notes due January 2043 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 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 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 |x|53,000,000
Floating Rate Notes due January 2043 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;

                                       24

<PAGE>

"SERIES 2 GLOBAL NOTE CERTIFICATES" means collectively the Series 2 Class A
Global Note Certificate, the Series 2 Class B 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 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 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 (pound)665,000,000
Floating Rate Notes due January 2043 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 (pound)25,000,000
Floating Rate Notes due January 2043 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 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 (pound)33,000,000
Floating Rate Notes due January 2043 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 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;

                                       25

<PAGE>

"SERIES 3 GLOBAL NOTE CERTIFICATES" means collectively the Series 3 Class A
Global Note Certificate, the Series 3 Class B 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 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 January
2008;

"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":

(a)    in respect of the Current Issuer Notes, means the test which is satisfied
       (1) on any Payment Date occurring on or after the fourth anniversary of
       the 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 Current 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 Closing Date over the
       aggregate Principal Amount Outstanding of the Current Issuer Notes as at
       the Closing Date;

(b)    in respect of any Previous Issuer Notes, has the meaning given to it in
       the Issuer Master Definitions Schedule relating to that Previous Issuer;
       or

(c)    in respect of any New Notes issued by any New Issuer, has the meaning
       given to it in the Issuer Master Definitions Schedule relating to that
       New Issuer;

"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;

"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);

                                       26

<PAGE>

"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 Administration Agreement;

(e)    the Cash Management Agreement;

(f)    the Funding Guaranteed Investment Contract;

(g)    the Mortgages Trustee Guaranteed Investment Contract;

(h)    the Bank Account Agreement;

(i)    the Collection Bank Agreement;

(j)    the Share Trust Deed;

(k)    Corporate Services Agreement; and

(l)    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,
Salomon Smith Barney Inc, J.P. Morgan Securities Inc., Lehman Brothers Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Warburg;

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

"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

                                       27

<PAGE>

"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;

         a "GUARANTEE" means any guarantee, bond, indemnity, letter of credit,
         third party security or other legally binding assurance against
         financial loss granted by one person in respect of any indebtedness of
         another person, or any agreement to assume any indebtedness of any
         other person or to supply funds or to invest in any manner whatsoever
         in such other person by reason of, or otherwise in relation to,
         indebtedness of such other person;

         "INDEBTEDNESS" shall be construed so as to include any obligation
         (whether incurred as principal or as surety) for the payment or
         repayment of money, whether present or future, actual or contingent;

         a "MONTH" is a reference to a period starting on one day in a calendar
         month and ending on the numerically corresponding day in the next
         calendar month save that, where any such period would otherwise end on
         a day which is not a business day, it shall end on the next business
         day, unless that day falls in the calendar month succeeding that in
         which it would otherwise have ended, in which case it shall end on the
         preceding business day, provided that, if a period starts on the last
         business day in a calendar month or if there is no numerically
         corresponding day in the month in which that period ends, that period
         shall end on the last business day in that later month (and references
         to "MONTHS" shall be construed accordingly);

         "PARTY" shall be construed as a party to a particular agreement, as the
         case may be;

         "SUBSIDIARY" means, (a) a subsidiary within the meaning of Section 736
         of the Companies Act 1985, and (b) unless the context requires
         otherwise, a subsidiary undertaking within the meaning of Section 258
         of the Companies Act 1985;

         "VAT" means value added tax imposed by the United Kingdom as referred
         to in the Value Added Tax Act 1994 and legislation (whether delegated
         or otherwise) replacing the same or

                                       28

<PAGE>

         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      "(POUND)", "STERLING", "STERLING" or "POUNDS STERLING" denotes the
         lawful currency for the time being of the United Kingdom of Great
         Britain and Northern Ireland; "(EURO)", "EURO" or "EURO" denotes the
         lawful currency for the time being of the member states of the European
         Union that adopt the single currency introduced at the start of the
         third stage of European Economic Monetary Union pursuant to the Treaty
         of Rome of 25th March, 1957, establishing the European Community as
         amended from time to time and as amended by, inter alia, the Treaty of
         European Union of 7th February, 1992; "$", "US$", "US DOLLARS",
         "DOLLARS" or "DOLLARS" denotes the lawful currency for the time being
         of the United States of America.

2.2      In this Issuer Master Definitions Schedule and in any of the
         Transaction Documents in which this Issuer Master Definitions Schedule
         is expressed to be incorporated or to which this Issuer Master
         Definitions Schedule is expressed to apply:

         (a)    words denoting the singular number only shall include the plural
                number also and vice versa;

         (b)    words denoting one gender only shall include the other genders;

         (c)    words denoting persons only shall include firms and corporations
                and vice versa;

         (d)    references to any statutory provision shall be deemed also to
                refer to any statutory modification or re-enactment thereof or
                any statutory instrument, order or regulation made thereunder or
                under any such re-enactment;

         (e)    references to any agreement or other document (including any of
                the Transaction Documents) shall be deemed also to refer to such
                agreement or document as amended, varied, supplemented or
                novated from time to time;

         (f)    clause, paragraph and schedule headings are for ease of
                reference only;

         (g)    reference to a statute shall be construed as a reference to such
                statute as the same may have been, or may from time to time be,
                amended or re-enacted to the extent such amendment or
                re-enactment is substantially to the same effect as such statute
                on the date hereof;

         (h)    unless stated otherwise reference to a time of day shall be
                construed as a reference to London (GMT) time; and

                                       29
<PAGE>

         (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.

                                       31
<PAGE>

                                   SCHEDULE 1

                             STANDARD DOCUMENTATION

          PART 1 DOCUMENTS USED IN THE ORIGINATION OF ANY MORTGAGE TYPE

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
A          MORTGAGE BROCHURES
-------------------------------------------------------------------------------------------------------------
A1         Hard to beat - Mortgages - An Introduction      Dev 3                 From 1 Jun 1995 to Apr 1997
           Northern Rock Building Society                  1.6.95
-------------------------------------------------------------------------------------------------------------
A2         Mortgages - A guide to costs                    Dev 143               From 1 Jul 1995 to Jul 1995
           Northern Rock Building Society                  1.7.95
-------------------------------------------------------------------------------------------------------------
A3         Mortgages - A guide to costs                    Dev 143               From 14 Jul 1995 to Sep 1995
           Northern Rock Building Society                  14.7.95
-------------------------------------------------------------------------------------------------------------
A4         Mortgages - A guide to costs                    Dev 143               From 4 Sep 1995 to Nov 1995
           Northern Rock Building Society                  4.9.95
-------------------------------------------------------------------------------------------------------------
A5         Mortgages - A guide to costs                    Dev 143               From 30 Nov 1995 to Dec 1995
           Northern Rock Building Society                  30.11.95
-------------------------------------------------------------------------------------------------------------
A6         Mortgages - A guide to costs                    Dev 143               From 13 Dec 1995 to Mar 1996
           Northern Rock Building Society                  13.12.95
-------------------------------------------------------------------------------------------------------------
A7         Mortgages - A guide to costs                    Dev 143               From 8 Mar 1996 to Jun 1996
           Northern Rock Building Society                  8.3.96
-------------------------------------------------------------------------------------------------------------
A8         Mortgages - A guide to costs                    Dev 143               From 10 Jun 1996 to Feb 1997
           Northern Rock Building Society                  10.6.96
-------------------------------------------------------------------------------------------------------------
A9         Mortgages - A guide to costs                    Dev 143               From 11 Feb 1997 to Mar 1997
           Northern Rock Building Society                  11.2.97
-------------------------------------------------------------------------------------------------------------
A10        You and your mortgage - The Mortgage Code
           [Introductory leaflet]
-------------------------------------------------------------------------------------------------------------
A11        The Mortgage Code                               First Edition: March  From Mar 1997
                                                           1997
-------------------------------------------------------------------------------------------------------------
A12        Mortgages - A guide to costs                    Dev 143               From 27 Mar 1997 to May 1997
           Northern Rock Building Society                  27.3.97
-------------------------------------------------------------------------------------------------------------
A13        Hard to beat - Mortgages - An Introduction      Dev 3                 From 10 Apr 1997 to Jul 1997
           Northern Rock Building Society                  10.4.97
-------------------------------------------------------------------------------------------------------------
A14        Mortgages - A guide to costs                    Dev 143               From 6 May 1997 to Jul 1997
           Northern Rock Building Society                  6.5.97
-------------------------------------------------------------------------------------------------------------
A15        Hard to beat - Mortgages - An Introduction      Dev 3                 From 1 Jul 1997 to Oct 1997
           Northern Rock Building Society                  1.7.97
-------------------------------------------------------------------------------------------------------------
A16        Mortgages - A guide to costs - Hard to Beat     Dev 143               From 11 Jul 1997 to Oct 1997
           Northern Rock Building Society                  11.7.97
-------------------------------------------------------------------------------------------------------------
A17        Hard to beat - Mortgages - An Introduction      MAR 1                 From 1 Oct 1997 to Dec 1997
           Northern Rock plc                               1.10.97
-------------------------------------------------------------------------------------------------------------
A18        Mortgages - A guide to costs - Hard to Beat     MAR 2                 From 1 Oct 1997 to Nov 1997
           Northern Rock plc                               1.10.97
-------------------------------------------------------------------------------------------------------------
A19        Mortgages - A guide to costs - Hard to Beat     MAR 2                 From 12 Nov 1997 to Feb 1998
           Northern Rock plc                               12.11.97
-------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
A20        Hard to beat - Mortgages - An Introduction      MAR 1                 From 15 Dec 1997 to Feb 1998
           Northern Rock plc                               15.12.97
-------------------------------------------------------------------------------------------------------------
A21        Hard to beat - Mortgages - An Introduction      MAR 1                 From 12 Feb 1998 to Oct 1998
           Northern Rock plc                               12.2.98
-------------------------------------------------------------------------------------------------------------
A22        Mortgages - A guide to costs - Hard to Beat     MAR 2                 From 12 Feb 1998 to Jun 1998
           Northern Rock plc                               12.2.98
-------------------------------------------------------------------------------------------------------------
A23        The Mortgage Code                               Second Edition:       From Apr 1998
                                                           April 1998
-------------------------------------------------------------------------------------------------------------
A24        Mortgages - A guide to costs - Hard to Beat     MAR 2/8267            From 17 Jun 1998 to Oct 1998
           Northern Rock plc                               17.6.98
-------------------------------------------------------------------------------------------------------------
A25        Mortgages - A guide to costs - Hard to Beat     MAR 2/8528            From 8 Oct 1998 to Nov 1998
           Northern Rock plc                               8.10.98
-------------------------------------------------------------------------------------------------------------
A26        Hard to beat - Mortgages - An Introduction      MAR 1                 From 23 Oct 1998 to Feb 1999
           Northern Rock plc                               23.10.98
-------------------------------------------------------------------------------------------------------------
A27        Mortgages - A guide to costs - Hard to Beat     MAR 2/8600            From 5 Nov 1998 to Jan 1999
           Northern Rock plc                               5.11.98
-------------------------------------------------------------------------------------------------------------
A28        Mortgages - A guide to costs - Hard to Beat     MAR 2/8729            From 7 Jan 1999 to Feb 1999
           Northern Rock plc                               7.1.99
-------------------------------------------------------------------------------------------------------------
A29        Mortgages - A guide to costs - Hard to Beat     MAR 2/8789            From 4 Feb 1999 to Apr 1999
           Northern Rock plc                               4.2.99
-------------------------------------------------------------------------------------------------------------
A30        Mortgages - An Introduction                     MAR 1                 From 25 Feb 1999 to Jun 1999
           Northern Rock plc                               25.2.99
-------------------------------------------------------------------------------------------------------------
A31        Mortgages - A guide to costs - Hard to Beat     MAR 2/8923            From 13 Apr 1999 to Jun 1999
           Northern Rock plc                               13.4.99
-------------------------------------------------------------------------------------------------------------
A32        Mortgages - the details                         MAR 23/8958           From 16 Jun 1999 to Jan 2000
           Northern Rock plc                               16.6.99
-------------------------------------------------------------------------------------------------------------
A33        Mortgages - the costs                           MAR 244/8958          From 16 Jun 1999 to Jun 1999
           Northern Rock plc                               16.6.99
-------------------------------------------------------------------------------------------------------------
A34        Mortgages - the costs                           MAR 244/9115          From 28 Jun 1999 to Nov 1999
           Northern Rock plc                               28.6.99
-------------------------------------------------------------------------------------------------------------
A35        Mortgages - the costs                           MAR 244/9489          From 9 Nov 1999 to Jan 2000
           Northern Rock plc                               9.11.99
-------------------------------------------------------------------------------------------------------------
A36        Mortgages - the details                         MAR 235/9611          From 4 Jan 2000 to May 2000
           Northern Rock plc                               4.1.2000
-------------------------------------------------------------------------------------------------------------
A37        Mortgages - the costs                           MAR 244/9679          From 17 Jan 2000 to Mar 2000
           Northern Rock plc                               17.1.2000
-------------------------------------------------------------------------------------------------------------
A38        Be straight with me - Mortgage costs in black   MAR 244/9815          From 4 Mar 2000 to Apr 2000
           and white                                       4.3.2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A39        Be straight with me - Mortgage costs in black   MAR 244/10029         From 27 Apr 2000 to Jan 2001
           and white                                       27.4.2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A40        Give me the facts - Mortgage details explained  MAR 235/9666          From 1 May 2000 to Oct 2000
           Northern Rock plc                               and 5.2000
-------------------------------------------------------------------------------------------------------------
A41        Give me a choice - Mortgage deals to suit       MAR 236/10198         From 28 Jun 2000 to Aug 2000
           everyone                                        and 28.6.2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------

</TABLE>

                                       2

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
A42        Give me a choice - Mortgage deals to suit       MAR 236/10332         From 4 Aug 2000
           everyone                                        4.8.2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A43        Give me the facts - Mortgage details explained  MAR 235/10554         From Oct 2000 to Jan 2001
           Northern Rock plc                               and 10.2000
-------------------------------------------------------------------------------------------------------------
A44        Give me the facts                               MAR 235/10899         From 10 Jan 2001 to Sep 2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A45        Be straight with me - Mortgage costs in black   MAR 244/10868         From 10 Jan 2001 to Feb 2001
           and white                                       10.1.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A46        Be straight with me - Mortgage costs in black   MAR 244/10998         From 8 Feb 2001 to Apr 2001
           and white                                       8.2.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A47        Be straight with me - Mortgage costs in black   MAR 244/11170         From 5 Apr 2001 to May 2001
           and white                                       5.4.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A48        Be straight with me - Mortgage costs in black   MAR 244/11281         From 10 May 2001 to Aug 2001
           and white                                       10.5.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A49        Be straight with me - Mortgage costs in black   MAR 244/11592         From 2 Aug 2001 to sep 2001
           and white                                       2.8.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A50        Give me the facts                               MAR 235/11679         From 3 Sep 2001
           Northern Rock plc                               3.9.2001
-------------------------------------------------------------------------------------------------------------
A51        Be straight with me - Mortgage costs in black   MAR 244/11592         From 3 Sep 2001 to Sep 2001
           and white                                       3.9.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A52        Be straight with me - Mortgage costs in black   MAR 244/11807         From 19 Sep 2001 to Oct 2001
           and white                                       19.9.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A53        Be straight with me - Mortgage costs in black   MAR 244/11855         From 4 Oct 2001 to Nov 2001
           and white                                       4.10.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
A54        Be straight with me - Mortgage costs in black   MAR 244/11973         From 8 Nov 2001
           and white                                       8.11.2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
B          MORTGAGE SUMMARY INFORMATION - BORROWERS                              (i.e. given to Borrowers dealing
                                                                                 directly with Northern Rock)
-------------------------------------------------------------------------------------------------------------
B1         Update 18th September 2000                      MAR 236               From 18 Sept 2000
                                                           18.9.2000
-------------------------------------------------------------------------------------------------------------
B2         Update 2nd October 2000                         MAR 236               From 02 Oct 2000
                                                           2.10.2000
-------------------------------------------------------------------------------------------------------------
B3         Update 22nd November 2000                       MAR 236               From 22 Nov 2000
                                                           22.11.2000
-------------------------------------------------------------------------------------------------------------
B4         Update 10th January 2001                        MAR 236               From 10 Jan 2001
                                                           10.1.2001
-------------------------------------------------------------------------------------------------------------
B5         Update 1st February 2001                        MAR 236               From 01 Feb 2001
                                                           1.2.2001
-------------------------------------------------------------------------------------------------------------
B6         Update 12th February 2001                       MAR 236               From 12 Feb 2001
                                                           12.2.2001
-------------------------------------------------------------------------------------------------------------

</TABLE>
                                       3

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
B7         Update 22nd February 2001                       MAR 236               From 22 Feb 2001
                                                           22.2.2001
-------------------------------------------------------------------------------------------------------------
B8         Update 6th April 2001                           MAR 236               From 06 Apr 2001
                                                           6.4.2001
-------------------------------------------------------------------------------------------------------------
B9         Update 10th May 2001                            MAR 236               From 10 May 2001
                                                           10.5.2001
-------------------------------------------------------------------------------------------------------------
B10        Update 22nd June 2001                           MAR 236               From 22 June 2001
                                                           22.6.2001
-------------------------------------------------------------------------------------------------------------
B11        Update 2nd August 2001                          MAR 236               From 02 Aug 2001
                                                           2.8.2001
-------------------------------------------------------------------------------------------------------------
B12        Update 3rd September 2001                       MAR 236               From 03 Sept 2001
                                                           3.9.2001
-------------------------------------------------------------------------------------------------------------
B13        Update 19th September 2001                      MAR 236               From 19 Sept 2001
                                                           19.9.2001
-------------------------------------------------------------------------------------------------------------
B14        Update 4th October 2001                         MAR 236               From 04 Oct 2001
                                                           4.10.2001
-------------------------------------------------------------------------------------------------------------
B15        Update 5th December 2001                        MAR 236               From 05 Dec 2001
                                                           5.12.2001
-------------------------------------------------------------------------------------------------------------
B16        Update 7th January 2002                         MAR 236               From 07 Jan 2002
                                                           7.1.2002
-------------------------------------------------------------------------------------------------------------
B17        Update 15th January 2002                        MAR 236               From 15 Jan 2002
                                                           15.1.2002
-------------------------------------------------------------------------------------------------------------
B18        Update 25th January 2002                        MAR 236               From 25 Jan 2002
                                                           25.1.2002
-------------------------------------------------------------------------------------------------------------
B19        Update 9th February 2002                        MAR 236               From 9 Feb 2002
                                                           09.2.2002
-------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------

</TABLE>

                                       4

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
C18        Mortgage Update 18th January 1996               Dev 291               From 18 Jan 1996
-------------------------------------------------------------------------------------------------------------
C19        Mortgage Update 25th January 1996               Dev 291               From 25 Jan 1996
-------------------------------------------------------------------------------------------------------------
C20        Mortgage Update 12th March 1996                 Dev 291               From 12 Mar 1996
-------------------------------------------------------------------------------------------------------------
C21        Mortgage Update 22nd April 1996                 Dev 291               From 22 Apr 1996
-------------------------------------------------------------------------------------------------------------
C22        Mortgage Update 10th June 1996                  Dev 291               From 10 Jun 1996
-------------------------------------------------------------------------------------------------------------
C23        Mortgage Update 2nd September 1996              Dev 291               From 02 Sep 1996
-------------------------------------------------------------------------------------------------------------
C24        Mortgage Update 21st October 1996               Dev 291               From 21 Oct 1996
-------------------------------------------------------------------------------------------------------------
C25        Mortgage Update 11th November 1996              Dev 291               From 11 Nov 1996
-------------------------------------------------------------------------------------------------------------
C26        Mortgage Update 3rd January 1997                Dev 291               From 03 Jan 1997
-------------------------------------------------------------------------------------------------------------
C27        Mortgage Update 11th February 1997              Dev 291               From 11 Feb 1997
-------------------------------------------------------------------------------------------------------------
C28        Guide to Mortgages                              Dev 434               From 04 Apr 1997
-------------------------------------------------------------------------------------------------------------
C29        Mortgage Update                                 Dev 435               From 04 Apr 1997
-------------------------------------------------------------------------------------------------------------
C30        Mortgage Update 28.5.97                         Dev 435               From 28 May 1997
-------------------------------------------------------------------------------------------------------------
C31        Mortgage Update 9.6.97                          Dev 435               From 09 Jun 1997
-------------------------------------------------------------------------------------------------------------
C32        Mortgage Update 25.6.97                         Dev 435               From 25 Jun 1997
-------------------------------------------------------------------------------------------------------------
C33        Mortgage Update 11.8.97                         Dev 435               From 11 Aug 1997
-------------------------------------------------------------------------------------------------------------
C34        Mortgage Update 3.9.97                          Dev 435               From 03 Sep 1997
-------------------------------------------------------------------------------------------------------------
C35        Mortgage Update 17.9.97                         Dev 435               From 17 Sep 1997
-------------------------------------------------------------------------------------------------------------
C36        Mortgage Update - Issue No 1                    MAR 35                From 03 Nov 1997
-------------------------------------------------------------------------------------------------------------
C37        Mortgage Update - Issue No 2                    MAR 35                From 12 Nov 1997
-------------------------------------------------------------------------------------------------------------
C38        Mortgage Update - Issue No 3                    MAR 35                From 16 Dec 1997
-------------------------------------------------------------------------------------------------------------
C39        Mortgage Update - Issue No 5                    MAR 35                From 29 Jan 1998
-------------------------------------------------------------------------------------------------------------
C40        Mortgage Update - Issue No 6                    MAR 35                From 12 Feb 1998
-------------------------------------------------------------------------------------------------------------
C41        Mortgage Update - Issue No 7                    MAR 35                From 01 Apr 1998
-------------------------------------------------------------------------------------------------------------
C42        Mortgage Update - Issue No 8                    MAR 35                From 06 May 1998
-------------------------------------------------------------------------------------------------------------
C43        Mortgage Update - Issue No 9                    MAR 35                From 17 Jun 1998
-------------------------------------------------------------------------------------------------------------
C44        Mortgage Update - Issue No 9                    MAR 35                From 01 Jul 1998
-------------------------------------------------------------------------------------------------------------
C45        Mortgage Update - Issue No 10                   MAR 35                From 08 Aug 1998
-------------------------------------------------------------------------------------------------------------
C46        Mortgage Update - Issue No 11                   MAR 35                From 19 Sep 1998
-------------------------------------------------------------------------------------------------------------
C47        Mortgage Update - Issue No 12                   MAR 35                From 08 Oct 1998
-------------------------------------------------------------------------------------------------------------
C48        Mortgage Update - Issue No 13                   MAR 35                From 05 Nov 1998
-------------------------------------------------------------------------------------------------------------
C49        Mortgage Update - Issue No 14                   MAR 35                From 07 Dec 1998
-------------------------------------------------------------------------------------------------------------
C50        Mortgage Update - Issue No 15                   MAR 35                From 22 Jan 1999
-------------------------------------------------------------------------------------------------------------
C51        Mortgage Update - Issue No 16                   MAR 35                From 04 Feb 1999
-------------------------------------------------------------------------------------------------------------
C52        Mortgage Update - Issue No 17                   MAR 35                From 06 Mar 1999
-------------------------------------------------------------------------------------------------------------
C53        Mortgage Update - Issue No 18                   MAR 35                From 13 Apr 1999
-------------------------------------------------------------------------------------------------------------
C54        Mortgage Update - Issue No 19                   MAR 35                From 16 Jun 1999
-------------------------------------------------------------------------------------------------------------
C55        Mortgage Update - Issue No 20                   MAR 35                From 28 Jul 1999
-------------------------------------------------------------------------------------------------------------
C56        Mortgage Update - Issue No 21                   MAR 35                From 26 Aug 1999
-------------------------------------------------------------------------------------------------------------
C57        Together Flexible - Total Flexibility in One
           Loan
-------------------------------------------------------------------------------------------------------------
C58        Mortgage Update - Issue No 22                   MAR 35                From 09 Sep 1999
-------------------------------------------------------------------------------------------------------------
C59        Mortgage Update - Issue No 23                   MAR 35                From 29 Sep 1999
-------------------------------------------------------------------------------------------------------------

</TABLE>

                                       5

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
C60        Mortgage Update - Issue No 24                   MAR 35                From 09 Nov 1999
-------------------------------------------------------------------------------------------------------------
C61        Mortgage Update - Issue No 25                   MAR 35                From 01 Dec 1999
-------------------------------------------------------------------------------------------------------------
C62        Mortgage Update - Issue No 26                   MAR 35                From 04 Jan 2000
-------------------------------------------------------------------------------------------------------------
C63        Mortgage Update - Issue No 27                   MAR 35                From 17 Jan 2000
-------------------------------------------------------------------------------------------------------------
C64        Mortgage Update - Issue No 28                   MAR 35                From 10 Mar 2000
-------------------------------------------------------------------------------------------------------------
C65        Mortgage Update - Issue No 29                   MAR 35                From 27 Apr 2000
-------------------------------------------------------------------------------------------------------------
C66        Mortgage Update - Issue No 30                   MAR 35                From 07 Jun 2000
-------------------------------------------------------------------------------------------------------------
C67        Mortgage Update - Issue No 31                   MAR 35                From 28 Jun 2000
-------------------------------------------------------------------------------------------------------------
C68        Mortgage Update - Issue No 32                   MAR 35                From 04 Aug 2000
-------------------------------------------------------------------------------------------------------------
C69        Mortgage Update - Issue No 33                                         From 18 Sep 2000
-------------------------------------------------------------------------------------------------------------
C70        Mortgage Update - Issue No 34                                         From 02 Oct 2000
-------------------------------------------------------------------------------------------------------------
C71        Mortgage Update - Issue No 47                   MAR035                From 08 Nov 2001
-------------------------------------------------------------------------------------------------------------
C72        Mortgage Update - Issue No 48                   MAR035                From 05 Dec 2001
-------------------------------------------------------------------------------------------------------------
C73        Mortgage Update - Issue No 49                   MAR035                From 07 Jan 2002
-------------------------------------------------------------------------------------------------------------
C74        Mortgage Update - Issue No 49                   MAR035                From 16 Jan 2002
-------------------------------------------------------------------------------------------------------------
C75        Mortgage Update - Insert to be used in          MAR035                From 16 Jan 2002
           conjunction with Issue No 49
-------------------------------------------------------------------------------------------------------------
D          MORTGAGE ADVICE - BORROWERS                                           (i.e. given to Borrowers dealing
                                                                                 directly with Northern Rock)
-------------------------------------------------------------------------------------------------------------
D1         Mortgage Product Advice and                     Valid September       From Sep 2000
           Recommendation                                  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 Rock copy]                            From July 2001 - used in
           Northern Rock plc                                                     conjunction with General
                                                                                 Conditions introduced on same date
-------------------------------------------------------------------------------------------------------------
F          GENERAL CONDITIONS (USED ON REVERSE OF OFFER
           OF ADVANCE)
-------------------------------------------------------------------------------------------------------------
F1         General Conditions                              [ADV6/1094]           From Oct 1994 to Jun 1995
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
F2         General Conditions                              ADV6/0695             From Jun 1995 to Jul 1995
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
F3         General Conditions                              ADV6/0795             From Jul 1995 to Jan 1996
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
F4         General Conditions                              ADV6/0196             From Jan 1996 to Dec 1996
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
F5         General Conditions                              ADV6/1296             From Dec 1996 to ?
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
F6         General Conditions                              ADV6B/1296            From Dec 1996 to Oct 1997
           Northern Rock Building Society                                        [Offer of Advance ADV6F/0396 on
                                                                                 the reverse]
-------------------------------------------------------------------------------------------------------------

</TABLE>

                                       6

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
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          From Sep 2000
           Northern Rock plc                               cover OBA2/0900
                                                           on reverse
-------------------------------------------------------------------------------------------------------------
F15        Terms and Conditions - Solicitor Copy           OBS1/0900 on          From Sep 2000
           Northern Rock plc                               cover OBS2/0900
                                                           on reverse
-------------------------------------------------------------------------------------------------------------
F16        Terms and Conditions - Applicant Copy           OBA1/0101 on          From Jan 2001
           Northern Rock plc                               cover OBA2/0101
                                                           on reverse
-------------------------------------------------------------------------------------------------------------
F17        Terms and Conditions - Solicitor Copy           OBA1/0101 on          From Jan 2001
           Northern Rock plc                               cover OBA2/0101
                                                           on reverse
-------------------------------------------------------------------------------------------------------------
F18        General Conditions                              ADV282/ July 2001     From July 2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------

</TABLE>
                                       7

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
H5         Agreement and Undertaking                       UNDERTAK              From June 2000
           Northern Rock plc                               June 2000
-------------------------------------------------------------------------------------------------------------
I          MORTGAGES OF LIFE POLICIES/INDIVIDUAL SAVERS
           ACCOUNT (ISA) POLICY SCHEME
-------------------------------------------------------------------------------------------------------------
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         Mortgage of Life Policy                         SEC 16T /10.97        From Oct 1997
           Northern Rock Building
           Society/Northern Rock plc
-------------------------------------------------------------------------------------------------------------
I4         Mortgage of Life Policy                         SEC 16 /10.97         From Oct 1997
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
I5         Notice of Assignment of Life Policy             ADV 29 /11.99         From Nov 1999
-------------------------------------------------------------------------------------------------------------
I6         Individual Savers Account (ISA) Policy          JAGO2/0500            From May 2000
           Arrangements form
-------------------------------------------------------------------------------------------------------------
I7         Deed of Guarantee                               SOL013 / July 2001    From Jul 2001
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J          CERTIFICATES OF TITLE/REPORTS ON TITLE AND
           INSTRUCTIONS TO SOLICITORS
-------------------------------------------------------------------------------------------------------------
J1         Report on Title and Funds Request (including    MA55 01/94            From Jan 1994
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
J2         Report on Title and Funds Request (including    MA55 /04.96           From Apr 1996
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
J3         Report on Title and Funds Request (including    MA55 /01.97           From Jan 1997
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
J4         Report on Title and Funds Request (including    MA55 /10.97           From Oct 1997
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J5         Report on Title and Funds Request (including    MA55 /02.98           From Feb 1998
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J6         Report on Title and Funds Request (including    MA55 /04.98           From Apr 1998
           Instructions to Solicitors/Licensed
           Conveyancers)
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J7         Part 2 Instructions (in relation to the CML                           Offers of Advance issued
           Lenders' Handbook for England & Wales)                                from Summer 1999[?]
-------------------------------------------------------------------------------------------------------------
J8         Certificate of Title                            MA72                  From Oct 1999
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J9         Certificate of Title                            JAGO4/0500            From May 2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------

</TABLE>

                                       8

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE             USAGE PERIOD AND NOTES
-------------------------------------------------------------------------------------------------------------
<C>        <S>                                             <C>                   <C>
J10        Part 2 Instructions (in relation to the CML                           Offers of Advance issued
           Lenders' Handbook for England & Wales)                                from 01 Jun 2000[?]
-------------------------------------------------------------------------------------------------------------
J11        Certificate of Title                            JAGO4/0700            From Jul 2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J12        Certificate of Title                            COT/0700              From Jul 2000
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
J13        Part 2 Instructions (in relation to the CML                           Offers of Advance issued
           Lenders' Handbook for England & Wales)                                from late Summer 2000[?]
-------------------------------------------------------------------------------------------------------------
J14        Deeds Dematerialisation [Notice to solicitors]                        [From Apr 2000?]
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
K          SCHEDULES OF DOCUMENTS OF TITLE
-------------------------------------------------------------------------------------------------------------
K1         Schedule of Documents of Title                  SEC 28/11.94          From Nov 1994
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
K2         Schedule of Documents of Title                  SEC 28/01.96          From Jan 1996
           Northern Rock Building Society
-------------------------------------------------------------------------------------------------------------
K3         Schedule of Documents of Title                  SEC28 /10.97          From Oct 1997
           Northern Rock plc
-------------------------------------------------------------------------------------------------------------
K4         Schedule of Documents of Title                  JAGO1/0500            From May 2000
           Northern Rock plc                               JAGO1B/0500
-------------------------------------------------------------------------------------------------------------
</TABLE>

                PART 2 DOCUMENTS USED ONLY IN THE ORIGINATION OF
     STANDARD FIXED RATE, STANDARD VARIABLE RATE, CASHBACK, CAPPED, TRACKER,
             CAT STANDARD, DISCOUNT AND DISCOUNT FOR LIFE MORTGAGES

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
L          MORTGAGE APPLICATION FORMS - GENERAL
----------------------------------------------------------------------------------------------------------------------
L1         Mortgage Application Form                           ADV 4. 05/95             From May 1995 to Mar 1996
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------------
L2         Mortgage Application Form                           ADV 4. 03/96             From Mar 1996 to Jul 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------------
L3         Mortgage Application Form                           ADV 4. 07/97             From Jul 1997 to Oct 1997
           Northern Rock Building Society
----------------------------------------------------------------------------------------------------------------------
L4         Mortgage Application Form                           ADV 4. 10/97             From Oct 1997 to Dec 1997
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
L5         Mortgage Application Form                           ADV 4. 12/97             From Dec 1997 to Mar 1998
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
L6         Mortgage Application Form                           ADV 4                    From Mar 1998 to Apr 1998
           Northern Rock plc                                   DRTV 3/98
----------------------------------------------------------------------------------------------------------------------
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
----------------------------------------------------------------------------------------------------------------------

</TABLE>
                                       9

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE                    USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
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
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
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                  From Oct 1997 to Dec 1997
           Northern Rock Direct/Northern Rock plc              1.10.97
----------------------------------------------------------------------------------------------------------------------
M3         Your Direct Mortgage Application Form               MAR 17b                  From Dec 1997 to May 1998
           Northern Rock Direct/Northern Rock plc              15.12.97
----------------------------------------------------------------------------------------------------------------------
M4         Your Direct Mortgage Application Form               MAR 124 31               From May 1998 to ?
           Northern Rock Direct/Northern Rock plc              May 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                   From May 2000
           Northern Rock plc                                   (8.5.2000)
                                                               ADV031
                                                               (22.10.2001)
----------------------------------------------------------------------------------------------------------------------
O          SPECIAL CONDITIONS FOR FIXED RATE MORTGAGES (USED
           WITH OFFER OF ADVANCE)
----------------------------------------------------------------------------------------------------------------------
O1         5 year Fixed Rate Mortgage                          AY                       From 15 Jul 1997
----------------------------------------------------------------------------------------------------------------------
O2         5 year Fixed Rate Mortgage                          BA                       From 26 Jun 1997
----------------------------------------------------------------------------------------------------------------------
O3         5 year Fixed Rate Mortgage                          BH                       From 03 Sep 1997
----------------------------------------------------------------------------------------------------------------------
O4         5 year Fixed Rate Mortgage                          BQ                       From 17 Sep 1997
----------------------------------------------------------------------------------------------------------------------
O5         5 year Fixed Rate Mortgage                          BS                       From 01 Jan 1997
                                                                                        [Query date - should be Nov?]
----------------------------------------------------------------------------------------------------------------------
O6         5 year Fixed Rate Mortgage                          BT                       From 01 Nov 1997
                                                                                        [Other dates?]
----------------------------------------------------------------------------------------------------------------------
O7         5 year Fixed Rate Mortgage                          CF                       From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------------
O8         5 year Fixed Rate Mortgage                          CJ                       From 01 Apr 1998
----------------------------------------------------------------------------------------------------------------------
O9         5 year Fixed Rate Mortgage                          CK                       From 01 Apr 1998
----------------------------------------------------------------------------------------------------------------------
O10        5 year Fixed Rate Mortgage                          CM                       From 06 May 1998
----------------------------------------------------------------------------------------------------------------------
O11        5 year Fixed Rate Mortgage                          CP                       From 17 Jun 1998
----------------------------------------------------------------------------------------------------------------------
O12        5 year Fixed Rate Mortgage                          CU                       From 01 Jul 1998
----------------------------------------------------------------------------------------------------------------------
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
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       10

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE                    USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
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
----------------------------------------------------------------------------------------------------------------------
P          SPECIAL CONDITIONS FOR VARIABLE RATE MORTGAGES
           (USED WITH OFFER OF ADVANCE)
----------------------------------------------------------------------------------------------------------------------
P1         Variable Rate Mortgage - Cashback                   6B                       From 30 Nov 1995
----------------------------------------------------------------------------------------------------------------------
P2         Variable Rate Mortgage - Cashback without           9B                       From 03 Jan 1996
           insurance
----------------------------------------------------------------------------------------------------------------------
P3         Variable Rate Mortgage - Cashback without           C5                       From 11 Aug 1997
           insurance                                                                    [Query date - should be 1996?]
----------------------------------------------------------------------------------------------------------------------
P4         Variable Rate Mortgage - Cashback without           C7                       From 02 Sep 1996
           insurance
----------------------------------------------------------------------------------------------------------------------
P5         Variable Rate Mortgage - Cashback without           C9                       From 02 Sep 1996
           insurance
----------------------------------------------------------------------------------------------------------------------
P6         3 year Discounted Variable Rate Mortgage            J9 and J0                From 25 Jun 1998
                                                                                        [Other dates ?]
----------------------------------------------------------------------------------------------------------------------
P7         Variable Rate Mortgage - 5% Cashback                P5                       From 25 Jun 1997
                                                                                        [Other dates ?]
----------------------------------------------------------------------------------------------------------------------
P8         Variable Rate Mortgage - 6% Cashback                P6                       From 03 Sep 1997
                                                                                        [Other date ?]
----------------------------------------------------------------------------------------------------------------------
P9         Variable Rate Mortgage - Cashback                   7P and 8P                From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------------
P10        3 year Discounted Variable Rate Mortgage            M1 to [M6 ?]             From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------------
P11        Variable Rate Mortgage - Cashback                   S1 and S2                From 22 Jan 1998
----------------------------------------------------------------------------------------------------------------------
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?]
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       11

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE                    USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
P28        Variable Rate Mortgage - 5% Cashback                JS                       From 29 Sep 1999
                                                                                        [Other dates?]
----------------------------------------------------------------------------------------------------------------------
P29        Variable Rate Mortgage - 7% Cashback                JU                       From 04 Jan 2000
----------------------------------------------------------------------------------------------------------------------
Q          SPECIAL CONDITIONS FOR TRACKER, CAT STANDARD,
           CAPPED AND DISCOUNT FOR LIFE MORTGAGES (USED WITH
           OFFER OF ADVANCE)
----------------------------------------------------------------------------------------------------------------------
Q1         Discount for Life Variable Rate Mortgage            X9 and X0
----------------------------------------------------------------------------------------------------------------------
Q2         Discount for Life Variable Rate Mortgage            1X and 2X
----------------------------------------------------------------------------------------------------------------------
Q3         Discount for Life Variable Rate Mortgage            3X and 4X
----------------------------------------------------------------------------------------------------------------------
Q4         Discount for Life Variable Rate Mortgage            5X and 6X
----------------------------------------------------------------------------------------------------------------------
Q5         Discount for Life Variable Rate Mortgage            7X and 8X
----------------------------------------------------------------------------------------------------------------------
Q6         Capped Variable Rate Mortgage                       CB
----------------------------------------------------------------------------------------------------------------------
Q7         Discount for Life Variable Rate Mortgage            L1 and L2
----------------------------------------------------------------------------------------------------------------------
Q8         Discount for Life Variable Rate Mortgage            L3 and L4
----------------------------------------------------------------------------------------------------------------------
Q9         Discount for Life Variable Rate Mortgage            L5 and L6
----------------------------------------------------------------------------------------------------------------------
Q10        Discount for Life Variable Rate Mortgage            L7 and L8
----------------------------------------------------------------------------------------------------------------------
Q11        Discount for Life Variable Rate Mortgage            1L and 2L
----------------------------------------------------------------------------------------------------------------------
Q12        Discount for Life Variable Rate Mortgage            3L and 4L
----------------------------------------------------------------------------------------------------------------------
Q13        Discount for Life Variable Rate Mortgage            5L and 6L
----------------------------------------------------------------------------------------------------------------------
Q14        4 year Capped Variable Rate Mortgage                EG
----------------------------------------------------------------------------------------------------------------------
Q15        4 year Capped Variable Rate Mortgage                EF
----------------------------------------------------------------------------------------------------------------------
Q16        4 year Capped Variable Rate Mortgage                ER
----------------------------------------------------------------------------------------------------------------------
Q17        Discount for Life Variable Rate Mortgage            8L
----------------------------------------------------------------------------------------------------------------------
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
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       12

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE                    USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
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                       ?
----------------------------------------------------------------------------------------------------------------------
R          CREDIT/LOAN AGREEMENTS
----------------------------------------------------------------------------------------------------------------------
R1         Credit Agreement Regulated by the                   ACR1A/1097 on            From Oct 1997
           Consumer 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(pound)25,000]   "Conditions"
----------------------------------------------------------------------------------------------------------------------
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(pound)25,000]
----------------------------------------------------------------------------------------------------------------------
R3         Loan Agreement - Flexible Plan                      [ACR2A/1097 on           From Oct 1997
           (including Conditions on the reverse)               "Original" / "Copy"?]    [Check reference of "Original"]
           Northern Rock plc                                   ACR2Z/1097 on
           [Used for Flexible Plan Loans over(pound)25,000]    "Conditions"
----------------------------------------------------------------------------------------------------------------------
R4         Credit Agreement Regulated by the Consumer          ADV135 10/97 on          From Oct 1997
           Credit Act 1974 - Personal Secured Loan             "Original" and "Copy"
           ("Original" and "Copy" versions each with           no ref on
           Conditions on the reverse)                          "Conditions")
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------------
R5         Copy of Proposed Credit Agreement                   ADV135 10/97 on          From Oct 1998
           Containing Notice of Your Right to                  "Advance Copy"
           Withdraw - Personal Secured Loan                    no ref on "Conditions")
           ("Advance Copy" version including
           Conditions on the reverse)
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------------
R6         Credit Agreement Regulated by the Consumer          ADV135 10/97 on          From Feb 1998
           Credit Act 1974 - Personal Secured Loan             "Original" and "Copy"
           ("Original" and "Copy" versions each with           ADV135 /02.98 on
           Conditions on the reverse)                          "Conditions")
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------------
R7         Credit Agreement Regulated by the Consumer          MAR 126 6/98 on          From Jun 1998
           Credit Act 1974                                     "Original" and
           ("Original" and "Copy" versions including           "Copy" no ref on
           Conditions on the reverse)                          "Conditions"
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Fixed Rate]
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       13

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
R8         Copy of Proposed Credit Agreement                   MAR 126 6/98 on          From Jun 1998
           Containing Notice of Your Right to                  "Advance Copy" no
           Withdraw ("Advance Copy" version                    ref on "Conditions"
           including Conditions on the reverse)
           Northern Rock plc
           [Used for Personal Secured Loans up
           to (pound)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 (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
R10        Credit Agreement Regulated by the                   MAR 126 4/00 on          From Apr 2000
           Consumer Credit Act 1974                            "Original" no ref on
           ("Original" version including Conditions            "Conditions"
           on the reverse)
           Northern Rock plc
           [Used for Personal Secured Loans up to
           (pound)25,000 - Fixed Rate]
----------------------------------------------------------------------------------------------------------------------
R11        Credit Agreement Regulated by the                   CA135A/0900 on           From Sep 2000
           Consumer Credit Act 1974                            "Original"
           ("Original" and "Copy" versions each                CA135B/0900 on
           with Conditions on the reverse)                     "Copy"
           Northern Rock plc                                   CA135Z/0900 on
           [Used for Personal Secured Loans up to              "Conditions"
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------------
R12        Copy of Proposed Agreement Containing               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
           (pound)25,000 - Variable Rate]
----------------------------------------------------------------------------------------------------------------------
R13        Credit Agreement Regulated by the                   CA126A/0900 on           From Sep 2000
           Consumer Credit Act 1974                            "Original"
           ("Original" and "Copy" versions each with           CA126B/0900 on "Copy"
           Conditions on the reverse)                          CA126Z/0900 on
           Northern Rock plc                                   "Conditions"
           [Used for Personal Secured Loans - 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]
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       14

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
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 (pound)25,000]  "Conditions"
----------------------------------------------------------------------------------------------------------------------
R16        Loan Agreement - Flexible Plan                      ACR2B/1000 on            From Oct 2000
           ("Original" version with Conditions on              "Original" ACR2Z/1000
           the reverse)                                        on "Conditions"
           Northern Rock plc
           [Used for Flexible Plan Loans over (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
R17        Loan Agreement - Flexible Plan                      ACR2C/1000 on            From Oct 2000
           ("Original" version with Conditions on              "Original" ACR2Z/1000
           the reverse)                                        on "Conditions"
           Northern Rock plc
           [Used for Flexible Plan Loans over (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
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 (HMLR filing ref MD691D)              SOL 11 07/01             From July 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
T          MORTGAGE DEEDS - SPECIALIST
----------------------------------------------------------------------------------------------------------------------
T1         Mortgage Deed (HMLR filing ref MD 144 G)            SEC 54/06/95             From Jun 1995
           Northern Rock Building Society
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------------
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]
----------------------------------------------------------------------------------------------------------------------
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]
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       15

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
T7         Mortgage Deed (HMLR filing ref MD542 N)             SEC 54. 04.98            From Apr 1998
           Northern Rock plc
           [Used for Flexible Plan - Non-CCA Loans]
----------------------------------------------------------------------------------------------------------------------
T8         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]
----------------------------------------------------------------------------------------------------------------------
T9         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
----------------------------------------------------------------------------------------------------------------------
T10        Mortgage Deed (relating to a Regulated              MD1/0900 on              From Sep 2000
           Agreement under the Consumer Credit Act             cover and MD1B/0900
           1974)                                               on reverse
           (HMLR filing ref MD 542 M)
           Northern Rock plc
           [Used for Flexible Plan
           CCA Loans]
----------------------------------------------------------------------------------------------------------------------

<CAPTION>

                PART 3 DOCUMENTS USED ONLY IN THE ORIGINATION OF
                   TOGETHER AND TOGETHER CONNECTIONS MORTGAGES

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
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                  From Jun 1999
           [Together]                                          14.6.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U4         together flexible - one loan one rate one call      MAR 272/9255             From Sep 1999
           [Together Flexible]                                 15.9.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U5         together flexible - one loan one rate one           MAR 273/9255             From Sep 1999
           call -all you need to know [Together Flexible]      15.9.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U6         take control of your money and get more             MAR 305/9511             From Dec 1999
           out of life - together [Together]                   20.12.99
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U7         all you need to know - together [Together]          MAR 303/9511             From Dec 1999
           Northern Rock plc                                   20.12.99
----------------------------------------------------------------------------------------------------------------------
U8         together - a guide to costs [Together]              MAR 174 2.99             From Feb 1999
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U9         [all you need to know - together]                   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
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       16

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
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
----------------------------------------------------------------------------------------------------------------------
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 6.6.9%pa                MAR 306/9657             From Jan 2000
           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                  From Apr 2001
           6th April 2001 [Together]                           6.4.2001
           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]                                        1.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       17

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
U35        OK Shrink My Mortgage [Together                     MAR 419/10935            From May 2001
           Connections]                                        1.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U36        Together what is it going to cost?                  MAR 302                  From May 2001
           10th May 2001 [Together]                            10.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U37        What's it going to cost? [Together                  MAR 418/11282            From May 2001
           Connections]                                        10.5.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
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        Together what is it going to cost?                  MAR 302                  From Jun 2001
           22nd June 2001 [Together]                           22.6.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U41        What's it going to cost? [Together                  MAR 418/11457            From Jun 2001
           Connections]                                        22.6.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U42        Together what is it going to cost?                  MAR 302                  From Aug 2001
           2nd August 2001 [Together]                          2.8.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U43        What's it going to cost? [Together                  MAR 418/11593            From Aug 2001
           Connections]                                        2.8.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U44        How does it work? [Together]                        MAR 303/11577            From Aug 2001
           Northern Rock plc                                   2.8.2001
----------------------------------------------------------------------------------------------------------------------
U45        OK Shrink My Mortgage [Together Connections]        MAR 419/11578            From Aug 2001
           Northern Rock plc                                   2.8.2001
----------------------------------------------------------------------------------------------------------------------
U46        I want it all [Together]                            MAR 305/11603            From Aug 2001
           Northern Rock plc                                   7.8.2001
----------------------------------------------------------------------------------------------------------------------
U47        Together what is it going to cost?                  MAR 302                  From Sep 2001
           3rd September 2001 [Together]                       3.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U48        What's it going to cost? [Together                  MAR 418/11706            From Sep 2001
           Connections]                                        3.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U49        How does it work? [Together]                        MAR 303/11756            From Sep 2001
           Northern Rock plc                                   10.9.2001
----------------------------------------------------------------------------------------------------------------------
U50        OK Shrink My Mortgage [Together                     MAR 419/11758            From Sep 2001
           Connections]                                        10.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U51        I want it all [Together]                            MAR 305/11756            From Sep 2001
           Northern Rock plc                                   10.9.2001
----------------------------------------------------------------------------------------------------------------------
U52        Together what is it going to cost?                  MAR 302                  From Sep 2001
           19th September 2001 [Together]                      19.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U53        What's it going to cost?                            MAR 418/11706            From Sep 2001
           [Together Connections]                              19.9.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U54        Together what is it going to cost?                  MAR 302                  From Oct 2001
           4th October 2001 [Together]                         4.10.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       18

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
U55        What's it going to cost?                            MAR 418/11706            From Oct 2001
           [Together Connections]                              4.10.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U56        Together what is it going to cost?                  MAR 302                  From Nov 2001
           8th November 2001 [Together]                        8.11.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U57        What's it going to cost? [Together                  MAR 418/11706            From Nov 2001
           Connections]                                        8.11.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U58        Together what is it going to cost?                  MAR 302                  From Dec 2001
           5th December 2001 [Together]                        5.12.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U59        What's it going to cost?                            MAR 418/11706            From Dec 2001
           [Together Connections]                              5.12.2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
U60        How does it work? [Together]                        MAR 303/12198            From Jan 2002
           Northern Rock plc                                   8.1.2002
----------------------------------------------------------------------------------------------------------------------
V          APPLICATION FORMS
----------------------------------------------------------------------------------------------------------------------
V1         Get It Together Application                         MAR176 2/99              From Feb 1999
           Form - Together
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
V2         Get It Together Application                         MAR198 3/99              From Mar 1999
           Form - Together
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
V3         Get It Together Application                         MAR242 6/99              From Jun 1999
           Form - Together
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
V4         Get It Together Application                         MAR271/9255 and 9/99     From Sep 1999
           Form - Together Flexible
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
V5         Get It Together Application                         MAR304/9511 and 12/99    From Dec 1999
           Form - Together
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
V6         Get It Together Application                         MAR304. 6/00             From Jun 2000
           Form
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
W          CREDIT/LOAN AGREEMENTS
----------------------------------------------------------------------------------------------------------------------
W1         Credit Agreement Regulated by the                   DDL1/0299 on             From Feb 1999
           Consumer Credit Act 1974 - Drawdown                 Original
           Loan -Original, First and Second Copies             DDL2/0299 on
           (each with Terms and Conditions)                    First Copy
           Northern Rock plc                                   DDL3/0299 on Second Copy
           [Used for Together Flexible Loans up to             DDLB/0299 on Conditions
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
W2         Credit Agreement Regulated by the                   TFCA1/1099 on Original   From Oct 1999
           Consumer Credit Act 1974 - Drawdown                 TFCA2/1099 on            [In conjunction with Together
           Loan - Original, First Copy and Second              First Copy               Flexible Mortgages.
           Copy (each with Terms and Conditions)               TFCA3/1099 on
           Northern Rock plc                                   Second Copy
           [Used for Together Flexible Loans up to             TFCAB/1099 on
           (pound)25,000]                                      Conditions
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       19

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                            REFERENCE                USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
W3         Credit Agreement Regulated by the                   TFIX1/0200 on            From Feb 2000
           Consumer Credit Act 1974 - Together                 Original                 [In conjunction with Together
           Fixed - Original, First Copy and Second             TFIX2/0200 on            Fixed Mortgages.]
           Copy (each with Terms and Conditions                First Copy
           on reverse)                                         TFIX3/0200 on
           Northern Rock plc                                   Second Copy
           [Used for Together Fixed Loans up to                TFIXB/0200 on
           (pound)25,000]                                      Conditions
----------------------------------------------------------------------------------------------------------------------
W4         Credit Agreement Regulated by the                   TVCA1/0200 on Original   From Feb 2000
           Consumer Credit Act 1974 - Together                 TVCA2/0200 on            [In conjunction with Together
           Variable - Original, First Copy and Second          First Copy               Variable Mortgages.]
           Copy (each with Terms and Conditions                [TVCA3/0200?] on Second
           on reverse)                                         Copy
           Northern Rock plc                                   TVCAB/0200 on Conditions
           [Used for Together Variable Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
W5         Credit Agreement Regulated by the                   TVCA1/0200 on Original   From Jan 2001
           Consumer Credit Act 1974 - Together                 TVCA2/0200 on            [In conjunction with Together
           Variable - Original, First Copy and Second          First Copy               Variable Mortgages.]
           Copy (each with Terms and Conditions                [TVCA3/0200?] on Second
           on reverse)                                         Copy
           Northern Rock plc                                   TVCAB/0101 on Conditions
           [Used for Together Variable Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
W6         Together Connections Conditions                     MAR422 1.5.01            From Jan 2001
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
W7         Credit Agreement Regulated by the                   TVCA1/0200 on Original   From May 2001
           Consumer Credit Act 1974 - Together                 TVCA2/0200 on            [In conjunction with Together
           Variable - Original, First Copy and Second Copy     First Copy               Variable Mortgages.]
           (each with Terms and Conditions                     [TVCA3/0200?] on Second
           on reverse)                                         Copy
           Northern Rock plc                                   TVCAB/0501 on Conditions
           [Used for Together Variable Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
W8         Credit Agreement Regulated by the                   TVCA1/0200 on Original   From Aug 2001
           Consumer Credit Act 1974 - Together                 TVCA2/0200 on First Copy [In conjunction with Together
           Variable - Original, First Copy and Second Copy     [TVCA3/0200?] on Second  Variable Mortgages.]
           (each with Terms and Conditions                     Copy
           on reverse)                                         TVCAB/0801 on Conditions
           Northern Rock plc
           [Used for Together Variable Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
W9         Credit Agreement Regulated by the                   TVCA1/0200 on Original   From Aug 2001
           Consumer Credit Act 1974 - Together                 TVCA2/0200 on First Copy [In conjunction with Together
           Variable - Original, First Copy and Second Copy     [TVCA3/0200?] on Second  Variable Mortgages.]
           (each with Terms and Conditions                     Copy
           on reverse)                                         TVCAB/1001 on Conditions
           Northern Rock plc
           [Used for Together Variable Loans up to
           (pound)25,000]
----------------------------------------------------------------------------------------------------------------------
X          CREDIT CARD APPLICATIONS/ AGREEMENTS
----------------------------------------------------------------------------------------------------------------------
X1         Together Variable - Credit Card                     [  ]                     From [   ]
           Application (with Terms and Conditions                                       [In conjunction with Together
           on reverse)                                                                  Variable Mortgages.
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------

</TABLE>

                                       20

<PAGE>

<TABLE>
<CAPTION>

SABW       DOCUMENT                                        REFERENCE                    USAGE PERIOD AND NOTES
----------------------------------------------------------------------------------------------------------------------
<C>        <S>                                                 <C>                      <C>
X2         Together Variable - Credit Card                     CV4/1000                 From Oct 2000
           Application (with Terms and Conditions                                       [In conjunction with Together
           on reverse)                                                                  Variable Mortgages.
           Northern Rock plc                                                            [REQUEST BETTER COPY]
----------------------------------------------------------------------------------------------------------------------
X3         Northern Rock Credit Card                           MAR 151/M9C              From Mar 1999
           Application Form                                    22.3.99
           (with Terms and Conditions)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
X4         Northern Rock Credit Card                           MAR 341                  from Jul 2001
           Application Form                                    9.7.2001
           (with Terms and Conditions on reverse)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
X5         Northern Rock Mortgage Credit Card                  [CCL/80A/2] (CCL/ATA/2   From Mar 2001
           (with Terms and Conditions on reverse)              15.3.2001 on Conditions)
           Northern Rock plc
----------------------------------------------------------------------------------------------------------------------
Y          MORTGAGE DEEDS
----------------------------------------------------------------------------------------------------------------------
Y1         Mortgage Deed (HMLR filing ref MD 542Q)                                      From Feb 1999
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------------
Y2         Mortgage Deed (HMLR filing ref MD 542T)             SOL 1                    From Oct 1999 ?
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------------
Y3         Mortgage Deed (HMLR filing ref MD542Q)                                       From Feb 1999
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------------
Y4         Mortgage Deed (HMLR filing ref MD542T)              SOL 1                    From Oct 1999
           Northern Rock plc [Together Flexible]
----------------------------------------------------------------------------------------------------------------------
Y5         Mortgage Deed (HMLR filing ref MD542T)              SOL 1 08/00.             From Aug 2000
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------------
Y6         Mortgage Deed (HMLR filing ref MD542Z)              SOL 1 02/01.             From Feb 2001
           Northern Rock plc [Together]
----------------------------------------------------------------------------------------------------------------------
Z          SUPPLEMENTARY INSTRUCTIONS TO SOLICITORS
----------------------------------------------------------------------------------------------------------------------
Z1         [Together Mortgage - Reminder of documents
           to be sent with Report on Title]
----------------------------------------------------------------------------------------------------------------------
Z2         [Notice - Unsecured funds not available for         UE1/0700                 From Jul 2000
           purchase of property]
----------------------------------------------------------------------------------------------------------------------
Z3         "Together" Flexible Loan Drawdown Loan Agreement -
           Addendum to Instructions to Solicitors/Licensed
           Conveyancers
           (with Certificate of Solicitor/Licensed
           Conveyancer on reverse)
----------------------------------------------------------------------------------------------------------------------
Z4         "Together" Flexible Loan Drawdown Loan Agreement -  TFDA/0700                From Jul 2000
           Addendum to Instructions to Solicitors/Licensed
           Conveyancers
           (with Certificate of Solicitor/Licensed
           Conveyancer on reverse)
----------------------------------------------------------------------------------------------------------------------
Z5         "Together" Loan Drawdown Loan                       TFDA/0501                From May 2001
           Agreement - Addendum to Instructions to
           Solicitors/Licensed Conveyancers
           (with Certificate of Solicitor/Licensed
           Conveyancer on reverse)

</TABLE>

                                       21

<PAGE>

SIGNATORIES

SIDLEY AUSTIN BROWN & WOOD

By: SIDLEY AUSTIN BROWN AND WOOD

ALLEN & OVERY

By: ALLEN & OVERYEXHIBIT 10.6.1

                                                                  Execution Copy

                             DATED 23 SEPTEMBER 2002

                           GRANITE MORTGAGES 02-2 PLC
                                as Current Issuer

                                     - and -

                    LAW DEBENTURE CORPORATE SERVICES LIMITED
                  as Current Issuer Corporate Services Provider

                                     - and -

                                NORTHERN ROCK PLC
                                  as Originator

                                     - and -

                        GRANITE FINANCE HOLDINGS LIMITED

                                     - and -

                                  GPCH LIMITED

                                     - and -

                THE LAW DEBENTURE INTERMEDIARY CORPORATION P.L.C.
                                as Share Trustee

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

                       ISSUER CORPORATE SERVICES AGREEMENT

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

                           SIDLEY AUSTIN BROWN & WOOD
                              1 THREADNEEDLE STREET
                                 LONDON EC2R 8AW
                             TELEPHONE 020 7360 3600
                             FACSIMILE 020 7626 7937
                                  REF: 551063V2

<PAGE>

                                    CONTENTS

CLAUSE                                                                  PAGE NO.
------                                                                  --------

1.   Definitions and Interpretation ..................................      1

2.   Nomination of Directors .........................................      2

3.   Returns .........................................................      3

4.   Administrative Services .........................................      3

5.   Confidentiality .................................................      4

6.   Remuneration ....................................................      5

7.   Non Petition and Limited Recourse ...............................      5

8.   Termination .....................................................      6

9.   Non-Assignment ..................................................      7

10.  Non-exclusive ...................................................      7

11.  Indemnity .......................................................      7

12.  Governing Law and Jurisdiction, Appropriate Form ................      8

13.  Contracts (Rights of Third Parties) Act 1999 ....................      8

14.  Notices .........................................................      8

                                       i

<PAGE>

THIS AGREEMENT is made 23 September 2002

BETWEEN:

(1)   GRANITE MORTGAGES 02-2 PLC (registered number 4482804) 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 the Current
      Issuer;

(2)   LAW DEBENTURE CORPORATE SERVICES LIMITED, (registered number 3388362)
      whose registered office is at Fifth Floor, 100 Wood Street, London EC2V
      7EX in its capacity as the Current Issuer Corporate Services Provider;

(3)   NORTHERN ROCK PLC (registered number 3273685) whose registered office is
      at Northern Rock House, Gosforth, Newcastle upon Tyne NE3 4PL as Northern
      Rock;

(4)   GRANITE FINANCE HOLDINGS LIMITED (registered number 4127787) whose
      registered office is at Fifth Floor, 100 Wood Street, London EC2V 7EX as
      Holdings;

(5)   GPCH LIMITED (registered number 4128437) whose registered office is at
      Fifth Floor, 100 Wood Street, London EC2V 7EX as GPCH and, together with
      Holdings and the Current Issuer, the "SPV COMPANIES" and each a "SPV
      COMPANY"); and

(6)   THE LAW DEBENTURE INTERMEDIARY CORPORATION P.L.C. (registered number
      1525148) whose registered office is at Fifth Floor, 100 Wood Street,
      London EC2V 7EX in its capacity as Share Trustee.

WHEREAS:

The Current Issuer Corporate Services Provider has agreed with the other parties
hereto to provide certain corporate services as more fully described below.

IT IS HEREBY AGREED AS FOLLOWS:

1.    DEFINITIONS AND 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 Third
            Amendment and Restatement Deed made on 23 September 2002 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 23
            September 2002,

      (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 above shall prevail to the
      extent that it conflicts with the Master Definitions Schedule.

                                       1

<PAGE>

2.    NOMINATION OF DIRECTORS

      (a)   For so long as this Agreement remains in force and subject as set
            out in paragraph (b) below:

            (i)   Northern Rock will be entitled to, and shall, nominate one
                  person willing to serve in the capacity of director for each
                  SPV Company (and Northern Rock shall be deemed to have so
                  nominated Keith McCallum Currie as its first nominee in such
                  capacity) and nothing herein shall require Northern Rock to
                  nominate the same person as director for each SPV Company; and

            (ii)  the Current Issuer Corporate Services Provider will be
                  entitled to, and shall, nominate two persons willing to serve
                  in the capacity of director for each SPV Company (and shall be
                  deemed to have so nominated L.D.C. Securitisation Director No.
                  1 Limited and L.D.C. Securitisation Director No. 2 Limited as
                  its first nominees in such capacity) and nothing herein shall
                  prevent the Current Issuer Corporate Services Provider from
                  nominating itself as a corporate director for each SPV Company
                  or require the Current Issuer Corporate Services Provider to
                  nominate the same two persons as director for each SPV
                  Company.

      (b)   In relation to any person nominated or deemed to be nominated under
            (a) above, whichever of Northern Rock or the Current Issuer
            Corporate Services Provider nominated that person is referred to
            below as that person's "appointor".

      (c)   In relation to any person nominated or deemed to be nominated under
            (a) above as a director of any SPV Company, that person is referred
            to below as a "Director".

      (d)   Each appointor hereby confirms to the other that, if the person
            nominated or deemed to be nominated by it should resign or retire or
            for any other reason cease to act as Director of any SPV Company, it
            will promptly:

            (i)   procure that such Director shall acknowledge in writing that
                  he has no claim of any nature whatsoever against the SPV
                  Companies;

            (ii)  nominate another person willing to act in the relevant
                  capacity; and

            (iii) procure the consent of that other person to act in that
                  capacity.

(e)   Each appointor shall procure that each of the persons respectively
      nominated or deemed to be nominated by it from time to time as provided
      above accepts the relevant appointment and acts in the relevant capacity
      without fee or remuneration from any SPV Company save that nothing in this
      Agreement shall prejudice any right to remuneration on the part of the
      Current Issuer Corporate Services Provider under Clause 6 hereof.

(f)   The Share Trustee undertakes and agrees subject to its duties and
      obligations as Share Trustee under the Share Trust Deed dated 19 March
      2001 that it shall exercise its rights as a shareholder of Holdings and
      all rights and powers

                                       2

<PAGE>

      vested in it under the Articles of Association of each SPV Company so as
      to procure that the Board of Directors of each SPV Company comprises at
      all times one nominee of Northern Rock (provided that Northern Rock shall
      have nominated such person to such office) and two nominees of the Current
      Issuer Corporate Services Provider as provided under paragraph (a) above.

(g)   The obligations of the Current Issuer Corporate Services Provider under
      this Agreement and the obligations of each SPV Company under the
      Transaction Documents are, respectively, solely the corporate obligations
      of the Current Issuer Corporate Services Provider and the SPV Companies.
      No recourse shall be had in respect of any obligation or claim arising out
      of or based upon this Agreement or any of the Transaction Documents
      against any employee, officer or director of the Current Issuer Corporate
      Services Provider or the SPV Companies save where the claim, demand,
      liability, cost or expense in connection therewith arises from the
      negligence, wilful default or breach of duty of such employee, officer or
      director of the Current Issuer Corporate Services Provider or the SPV
      Companies.

3.    RETURNS

      Northern Rock undertakes that the person for the time being nominated by
      it as Director of a SPV Company pursuant to Clause 2 shall ensure, insofar
      as he or she is able having regard to the duties imposed on directors by
      law, that (a) all registers, filings and returns required to be made by
      such SPV Company are kept and made in accordance with the relevant
      provisions of English law or the rules of any relevant UK regulatory
      authority and (b) such SPV Company is otherwise in compliance with the
      Companies Act 1985.

4.    ADMINISTRATIVE SERVICES

4.1   The Current Issuer Corporate Services Provider shall provide the following
      services (the Services):

      (a)   a registered office and administrative office for each SPV Company;

      (b)   the services of three persons who will, if required, accept office
            as directors of each SPV Company;

      (c)   the services of a secretary to each SPV Company to perform all the
            duties properly required of a secretary by the directors of such SPV
            Company and the Companies Acts 1985 (the "Law");

      (d)   the arrangement of meetings of directors and shareholders of each
            SPV Company in the UK and the preparation of minutes of such
            meetings;

      (e)   the arrangement of annual meetings and any other meetings of the
            shareholders of each SPV Company;

      (f)   the maintenance of the statutory books of each SPV Company and any
            other books and records required by law or ordinarily required by a
            English company and the preparation and issue of share certificates;

                                       3

<PAGE>

      (g)   the preparation and submission of any other documents required by
            law to be prepared or filed by each SPV Company including all
            filings to be made with the Registrar of Companies;

      (h)   the provision of book keeping services and preparation of each SPV
            Company's accounts based upon the ledgers and records maintained by
            the Current Issuer Cash Manager;

      (i)   the instruction of each SPV Company's auditors to prepare the annual
            audited financial statements; and

      (j)   the execution of all such agreements, documents and undertakings as
            shall be necessary in connection with the business of each SPV
            Company if so authorised by a valid resolution of the Board of
            Directors of each SPV Company;

4.2   The Current Issuer Corporate Service Provider's duties:

      (a)   The Current Issuer Corporate Service Provider shall at all times act
            in accordance with all reasonable and proper directions, orders and
            instructions given by the Board of Directors of each SPV Company.

      (b)   The Current Issuer Corporate Service Provider shall not knowingly do
            or knowingly omit to do anything which would constitute a breach of
            any provisions of the Memorandum and Articles of Association of each
            SPV Company or of any legally binding restrictions applying to each
            such SPV Company. This includes but is not limited to any legally
            binding restrictions applying to each SPV Company as a consequence
            of its being a party to the Transaction Documents.

5.    CONFIDENTIALITY

5.1   The Current Issuer Corporate Services Provider shall not, and hereby
      undertakes to procure that each person nominated or deemed to be nominated
      by the Current Issuer Corporate Services Provider as Director of each SPV
      Company shall not (regardless of whether or not such person shall still be
      in office), at any time disclose to any person, firm or company whatsoever
      (other than the Share Trustee), and shall treat as confidential, any
      information relating to the business, finances or other matters of
      Northern Rock or any SPV Company which such Director may have obtained as
      a result of (in the case of the Current Issuer Corporate Services
      Provider) its role under this Agreement as a Director or as employer or
      principal to any Director or (in the case of any Director) such Director's
      position as Director of each SPV Company, or otherwise have become
      possessed of, and the Current Issuer Corporate Services Provider shall use
      its best endeavours to prevent any such disclosure provided however that
      the provisions of this Clause shall not apply:

      (a)   to the disclosure of any information already known to the recipient;

      (b)   to the disclosure of any information which is or becomes public
            knowledge otherwise than in breach of this Clause;

                                       4

<PAGE>

      (c)   to any extent that disclosure is required pursuant to any law or
            order of any court or pursuant to any direction, request or
            requirement (whether or not having the force of law) of any central
            bank or any governmental or other regulatory or taxation authority
            (including, without limitation, any official bank examiners or
            regulators or the London Stock Exchange plc or any other applicable
            stock exchange);

      (d)   to the disclosure of any information to professional advisers or any
            of the Rating Agencies who receive the same under a duty of
            confidentiality;

      (e)   to the disclosure of any information with the consent of all the
            parties hereto; and

      (f)   to the disclosure of any information to the Note Trustee.

      and the Current Issuer Corporate Services Provider hereby agrees to
      indemnify and hold harmless Northern Rock and the SPV Companies for all
      losses, damages, expenses, costs, claims and charges arising from or
      caused by any disclosure of information by any of the Current Issuer
      Corporate Services Provider or any Director nominated or deemed to be
      nominated by it which disclosure is made contrary to the provisions of
      this Clause.

5.2   The obligations of the Current Issuer Corporate Services Provider under
      this Clause 5 shall survive the termination of this Agreement.

6.    REMUNERATION

      The Current Issuer Corporate Services Provider shall be entitled to
      remuneration for the services provided by it under this Agreement of an
      amount to be agreed between the SPV Companies, Northern Rock and the
      Current Issuer Corporate Services Provider (together with Value Added Tax
      thereon) which shall consist of remuneration for corporate services
      hereunder to be borne by the SPV Companies and payable quarterly on
      Payment Dates subject to and in accordance with the Current Issuer
      Priority of Payments. The remuneration to the Current Issuer Corporate
      Services Provider as set forth in this Clause shall apply only in respect
      of this Agreement and the transactions contemplated by the Transaction
      Documents, and the remuneration to the Current Issuer Corporate Services
      Provider in respect of any previous or subsequent transaction between the
      parties shall be as agreed in connection with such transaction.

7.    NON PETITION AND LIMITED RECOURSE

7.1   Each of the parties hereto hereby agrees that it shall not institute
      against any of the SPV Companies any winding-up, administration,
      insolvency or similar proceedings in any jurisdiction for so long as any
      sum is outstanding under the Notes of any Issuer or for two years plus one
      day since the last day on which any such sum was outstanding.

7.2   Each of the parties hereto agrees that notwithstanding any other provision
      of this Agreement or any other Transaction Document:

      (a)   in relation to GPCH and/or Holdings, any amount payable by GPCH or
            Holdings to any other party to this Agreement under this Agreement
            shall only

                                       5

<PAGE>

            be payable to the extent that GPCH or, as the case may be, Holdings
            has sufficient funds to pay such amount on such date; and

      (b)   in relation to the Current Issuer:

            (i)   only the Note Trustee may enforce the security created in
                  favour of the Note Trustee under the Current Issuer Deed of
                  Charge in accordance with the provisions thereof;

            (ii)  no sum due or owing to any party to this Agreement from or by
                  the Current Issuer under this Agreement shall be payable by
                  the Current Issuer except to the extent that the Current
                  Issuer has sufficient funds available or (following
                  enforcement of the Current Issuer Security) the Note Trustee
                  has realised sufficient funds from the Current Issuer Security
                  to pay such sum subject to and in accordance with the relevant
                  Current Issuer Priority of Payments and provided that all
                  liabilities of the Current Issuer required to be paid in
                  priority thereto or pari passu therewith pursuant to such
                  Current Issuer Priority of Payments have been paid, discharged
                  and/or otherwise provided for in full; and

            (iii) it shall not take any steps for the purpose of recovering any
                  amount payable by the Current Issuer or enforcing any rights
                  arising out of this Agreement against the Current Issuer
                  otherwise than in accordance with the Current Issuer Deed of
                  Charge.

7.3   The provisions of Clause 6 of the Current Issuer Deed of Charge shall
      prevail in the event that and to the extent that they conflict with the
      provisions of this Clause 7.

8.    TERMINATION

8.1   The appointment of the Current Issuer Corporate Services Provider
      hereunder in relation to each SPV Company shall terminate:

      (a)   upon the expiration of 90 days notice in writing given by the
            Current Issuer Corporate Services Provider or by the relevant SPV
            Company and provided that a substitute corporate services provider
            acceptable to the relevant SPV Company and Northern Rock has been
            appointed in relation to the relevant SPV Company on terms
            substantially the same as those set out in this Agreement and that
            such appointment will be effective not later than the date of the
            termination;

      (b)   immediately if:

            (i)   an order has been made or a resolution has been passed to put
                  the Current Issuer Corporate Services Provider into
                  liquidation (except a voluntary liquidation for the purpose of
                  reconstruction or amalgamation); or

            (ii)  the Current Issuer Corporate Services Provider has broken or
                  is in breach of any of the terms of this Agreement and shall
                  not have remedied such breach within 30 days after service of
                  notice requiring the same to be remedied; or

                                       6

<PAGE>

            (iii) the Current Issuer Corporate Services Provider becomes
                  insolvent; or

            (iv)  the Current Issuer Corporate Services Provider ceases or
                  threatens to cease to carry on its business or a substantial
                  part of its business or stops payment or threatens to stop
                  payment of its debts.

8.2   This agreement shall terminate automatically on the date falling 90 days
      after the later of the date on which the Mortgages Trust Deed terminates
      or the date on which all of the Current Issuer Secured Obligations have
      been discharged in full.

8.3   Termination of the appointment of the Current Issuer Corporate Services
      Provider under this Clause 8 shall be without prejudice to the rights of
      any party in respect of any antecedent claim against or breach of the
      terms of this Agreement by the Current Issuer Corporate Services Provider.

9.    NON-ASSIGNMENT

      The rights and obligations of the parties hereto are personal and, save in
      the case of the Current Issuer in accordance with the Current Issuer Deed
      of Charge, shall not be capable of assignment.

10.   NON-EXCLUSIVE

      The Current Issuer Corporate Services Provider and the Directors shall be
      at liberty to provide services of a like nature to any other persons it
      may think fit whether for its own account or that of any other person.

      Neither the Current Issuer Corporate Services Provider nor any other
      person affiliated with the Current Issuer Corporate Services Provider
      shall in consequence of the appointment of the Current Issuer Corporate
      Services Provider hereunder or in consequence of any transaction entered
      into by any SPV Company with the Current Issuer Corporate Services
      Provider be liable to account to the SPV Companies for any profits
      (whether disclosed or not) accruing to the Current Issuer Corporate
      Services Provider from or by virtue of any such transaction.

      The Current Issuer Corporate Services Provider shall be entitled to charge
      and receive remuneration in accordance with its usual charging policies
      for any legal advice initiated by and rendered to any SPV Company,
      subject, in the case of any SPV Company, to the limited recourse
      provisions set out in Clause 7.

11.   INDEMNITY

      Northern Rock undertakes to indemnify and hold harmless the Current Issuer
      Corporate Services Provider, the Directors and the Share Trustee against
      all actions, proceedings, accounts, claims or demands and any costs and
      expenses incurred in connection therewith which may be brought or made or
      threatened to be brought or made against either the Current Issuer
      Corporate Services Provider, the Directors or the Share Trustee in
      connection with the affairs of any SPV Company unless any such liability
      shall have arisen solely due to the fraud, wilful misconduct or gross
      negligence of the Current Issuer Corporate Services Provider, the
      Directors or the Share Trustee. This indemnity shall continue in force
      notwithstanding the termination of this Agreement.

                                       7

<PAGE>

12.   GOVERNING LAW AND JURISDICTION, APPROPRIATE FORM

12.1  This Agreement is governed by, and shall be construed in accordance with,
      the laws of England and Wales.

12.2  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 Agreement and, for such purposes, irrevocably submits
      to the jurisdiction of such courts.

12.3  Each of the parties hereto irrevocably waives any objection which it might
      now or hereafter have to the courts of England being nominated as the
      forum to hear and determine any proceedings and to settle any disputes,
      and agrees not to claim that any such court is not a convenient or
      appropriate forum.

13.   CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

      A person who is not a party to this Agreement may not enforce any of its
      terms under the Contracts (Rights of Third Parties) Act 1999, but this
      shall not affect any right or remedy of a third party which exists or is
      available apart from that Act.

14.   NOTICES

      Any notices to be given and any correspondence or communication to be
      delivered or forwarded pursuant to this Agreement shall be sufficiently
      served, delivered or forwarded if sent by prepaid airmail or by facsimile
      transmission and shall be deemed to be given (in the case of facsimile
      transmission at 10.00am on the next business day in the place of receipt
      following despatch) or (in the case of the post) three (3) days after the
      despatch thereof and shall be sent:

      (a)   in the case of the Current Issuer Corporate Services Provider, to
            its office specified against its name at the commencement of this
            Agreement, fax number 020 7606 0643, marked for the attention of
            Sharon Tyson;

      (b)   in the case of each SPV Company, to its office specified against its
            name at the commencement of this Agreement fax number 020 7606 0643,
            marked for the attention of Sharon Tyson with a copy to Northern
            Rock to its office specified against its name at the commencement of
            this Agreement, fax number 0191 279 4694, marked for the attention
            of Keith Currie; and

      (c)   in the case of the Share Trustee, to its office specified against
            its name at the commencement of this Agreement fax number 020 7606
            0643, marked for the attention of Sharon Tyson.

                                       8

<PAGE>

IN WITNESS WHEREOF the parties hereto have executed this Agreement the date
first above written:

EXECUTED for and on behalf of                          )
GRANITE MORTGAGES 02-2 PLC                             )
by:                                                    )
                                                       )
                                                       )
Name: CARL FLINN

Title: ALTERNATE DIRECTOR

EXECUTED for and on behalf of                          )
LAW DEBENTURE CORPORATE SERVICES LIMITED               )
by:                                                    )
                                                       )

Name:
Title:

EXECUTED for and on behalf of                          )
LAW DEBENTURE INTERMEDIARY CORPORATION P.L.C.          )
by:                                                    )
                                                       )

Name:
Title:

EXECUTED for and on behalf of                          )
GRANITE FINANCE HOLDINGS LIMITED                       )
by:                                                    )
                                                       )
                                                       )

Name:
Representing LDC SECURITISATION DIRECTOR NO. 1 LIMITED

Title: DIRECTOR

                                       9

<PAGE>

EXECUTED for and on behalf of                        )
GPCH LIMITED                                         )
by:                                                  )
                                                     )

Name: Representing LDC SECURITISATION DIRECTOR NO. 1 LIMITED
Title: DIRECTOR

EXECUTED for and on behalf of                        )
NORTHERN ROCK PLC                                    )
by:                                                  )
                                                     )
                                                     )
Name:
Title:

                                       10

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