RNS Number:5575D
Residential Mortgage Secs No.7 PLC
8 November 2002


As Agent Bank, please be advised of the following rate determined on: 
07-Nov-2002.

Issue             :       Residential Mortgage Securities 7 PLC - Class A
                          Detachable Coupons Due 2038
ISIN Number       :       XS0102812024
Issue Nominal GBP :       256,200,000.00
Period            :  12-Nov-2002  To  11-Feb-2003    Payment Date  11-Feb-2003
Number of Days    :       91
Rate              :       0.64822             Pool Factor:   0.134571
Denomination GB   :       8,710.09
Amount Payable            
Per Denomination  :       56.46


From:
Institutional    Telephone 44 (0) 1202 34 1286
Trust Services   Facsimile 44 (0) 1202 34 7438


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