UK Asset Resolution (UKAR), which is winding down the mortgage books of Northern Rock and Bradford & Bingley, said repossessions rose to 8,847, up 10% on 2010The “bad bank” owned by the UK taxpayer repossessed almost 9,000 homes last year, as profits s…
Posts Categorized: Bradford & Bingley
Crisis looms in repossessions hotspots
Race is on to help homeowners most at risk if interest rates riseThe 75-metre-high tower of Lister’s Mill symbolised the power and status of Bradford during the city’s industrial heyday. It was the largest silk factory in the world, churning out the ve…
Repossession is neither nice nor fair
Rising interest rates could lead to ‘tsunami’ of home repossessions, warns man running Northern Rock’s bad bankThe man running the bad banks of Northern Rock and Bradford & Bingley has warned that rising interest rates could result in a “tsunami” of re…