Common use of Scorecard Clause in Contracts

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•], 2004 by: (1) HALIFAX plc whose registered office is at ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the Seller); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•], 2004 by: (1) HALIFAX plc PLC whose registered office is at Trinity Road, Halifax, West Yorkshire HX1 2RG (registered ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ) (▇▇▇ ▇▇▇ (registered number 02367076) (the Seller▇▇▇▇); IN FAVOUR OF each of▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. .The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•], 2004 by,2005by: (1) HALIFAX plc PLC whose registered office is at ▇▇▇▇▇▇Trinity Road, Halifax, West Yorkshire HX1 2RG (registered numbe▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇) (▇▇▇ ▇▇▇▇▇▇); ▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the Seller); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, FUNDING 2, THE MORTGAGES TRUSTEE, THE FUNDING 1 SECURITY TRUSTEE AND THE FUNDING 2 SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•], 2004 17 October 2006 by: (1) HALIFAX plc PLC whose registered office is at ▇▇▇▇▇▇▇ ▇▇▇▇Trinity Road, ▇▇▇▇▇▇▇Halifax, ▇West Yorkshire HX1 2RG (registered num▇▇▇ ▇▇▇▇▇▇▇▇▇ ) (▇▇▇ ▇▇▇ (registered number 02367076) (the Seller▇▇▇▇); IN FAVOUR OF each of▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-customer- provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•{circle}], 2004 by: (1) HALIFAX plc PLC whose registered office is at ▇T▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the SellerSELLER); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•{circle}], 2004 by: (1) HALIFAX plc PLC whose registered office is at ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the SellerSELLER); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-customer- provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•], 2004 2005 by: (1) HALIFAX plc whose registered office is at ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the Seller); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•{circle}], 2004 by: (1) HALIFAX plc PLC whose registered office is at ▇T▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the SellerSELLER); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND TRUSTEEAND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•], 2004 2005 by: (1) HALIFAX plc PLC whose registered office is at ▇▇▇▇▇▇▇ ▇▇▇▇Trinity Road, Halifax, West Yorkshire HX1 2RG (registered number 0▇▇▇▇▇▇▇, ▇) (▇▇▇ ▇▇▇▇▇▇); ▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the Seller); IN FAVOUR OF each of:

Scorecard. The Seller uses some of the above criteria and various other criteria to provide an overall score for the application that reflects a statistical analysis of the risk of advancing the Loan. The lending policies and processes are determined centrally to ensure consistency in the management and monitoring of credit risk exposure. Full use is made of software technology in credit scoring new applications. Credit scoring applies statistical analysis to publicly available data and customer-provided data to assess the likelihood of an account going into arrears. Mortgage collection is conducted through a number of payment collection departments. The Seller reserves the right to decline an application that has received a passing score. The Seller does have an appeals process if an applicant believes his or her application to be unfairly denied. It is the Seller’s 's policy to allow only authorised individuals to exercise discretion in granting variances from the scorecard. SCHEDULE 5 POWER OF ATTORNEY IN FAVOUR OF FUNDING 1, THE MORTGAGES TRUSTEE AND THE SECURITY TRUSTEE THIS DEED OF POWER OF ATTORNEY is made on the [•]_____________, 2004 2005 by: (1) HALIFAX plc PLC whose registered office is at ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ (registered number 02367076) (the SellerSELLER); IN FAVOUR OF each of: