EXHIBIT 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE
_________________________________________________
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)
__________________________________________________
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
NEW YORK 13-5160382
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
1 WALL STREET 10286
NEW YORK, NEW YORK (Zip Code)
(Address of principal executive offices)
Michael Shepherd
General Counsel
One Wall Street
15th Floor
New York, New York 10286
Tel: 212 635-6748
(Name, address and telephone number of agent for service)
______________________________________________
PERMANENT FINANCING (NO.8) PLC
(Exact name of obligor as specified in its charter)
ENGLAND AND WALES (I.R.S. employer
(State or other jurisdiction of identification No.)
incorporation or organization)
35 Great St Helen's
London EC3A 6AP
England (Zip Code)
(Address of principal executive offices)
_________________________________________
$1,250,000,000 SERIES 1 CLASS A FLOATING RATE NOTES DUE 2006
$59,000,000 SERIES 1 CLASS B FLOATING RATE NOTES DUE 2042
$67,100,000 SERIES 1 CLASS C FLOATING RATE NOTES DUE 2042
$1,250,000,000 SERIES 2 CLASS A FLOATING RATE NOTES DUE 2014
$59,000,000 SERIES 2 CLASS B FLOATING RATE NOTES DUE 2042
$67,100,000 SERIES 2 CLASS C FLOATING RATE NOTES DUE 2042
$750,000,000 SERIES 3 CLASS A FLOATING RATE NOTES DUE 2032
$35,300,000 SERIES 3 CLASS B FLOATING RATE NOTES DUE 2042
$40,300,000 SERIES 3 CLASS C FLOATING RATE NOTES DUE 2042
(EURO)750,000,000 SERIES 4 CLASS A FLOATING RATE NOTES DUE 2032
(EURO)35,300,000 SERIES 4 CLASS B FLOATING RATE NOTES DUE 2042
(EURO)40,200,000 SERIES 4 CLASS C FLOATING RATE NOTES DUE 2042
(POUND)400,000,000 SERIES 5 CLASS A1 FLOATING RATE NOTES DUE 2042
(POUND)600,000,000 SERIES 5 CLASS A2 FLOATING RATE NOTES DUE 2032
(Title of the indenture securities)
_________________________________________
GENERAL
ITEM 1. GENERAL INFORMATION.
FURNISH THE FOLLOWING INFORMATION AS TO THE TRUSTEE:
(A) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY TO
WHICH IT IS SUBJECT.
Superintendent of Banks of the State of New York, 2 Rector
Street, New York, New York 10006 and Albany, New York, 12203.
Federal Reserve Bank of New York, District No. 2, 33 Liberty
Plaza, New York, New York, 10045
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
New York Clearing House AssociationNew York, New York 10005
(B) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
ITEM 16. LIST OF EXHIBITS
LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS STATEMENT OF
ELIGIBILITY.
EXHIBITS IDENTIFIED IN PARANTHESES BELOW, ON FILE WITH THE COMMISSION,
ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7A-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE `ACT') AND 17
C.F.R. 229.10(D)
1. A copy of the Organization Certificate of the Trustee (The Bank
of New York, formerly Irving Trust Company) as now in effect,
which contains the authority to commence business and a grant of
powers to exercise corporate trust powers. (Exhibit 1 to
Amendment No.1 to Form T-1 filed with Registration Statement No.
33-6215, Exhibit 1a and 1b to Form T-1 filed with Registration
Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with
Registration Statement No. 33-29637)
2. None; Certificate of Authority being contained in the documents
identified above as Exhibit 1.
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibit 1.
4. A copy of the existing By-Laws of the Trustee. (Exhibit 4 to Form
T-1 filed with Registration Statement No. 33-31019)
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No.
33-44051)
7. A copy of the latest report of condition of the Trustee,
published pursuant to law or the requirements of its supervising
or examining authority.
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, The Bank of New York, a corporation organized and existing under the
laws of the State of New York, has duly caused this statement of eligibility to
be signed on its behalf by the undersigned, thereunto duly authorized in the
City of London in the United Kingdom, on the 27th May 2005
THE BANK OF NEW YORK
By: /s/ Tim Porter
EXHIBIT 7 TO FORM T-1