UK’s bad bank turns good profits, but repossessions rise 10%

Posted by & filed under Banking, Bradford & Bingley, Business, Editorial, Money, Northern Rock, Repossessions, The Guardian, UK news, UKFI (UK Financial Investments).

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…

Crisis looms in repossessions hotspots

Posted by & filed under Banking, Bradford & Bingley, Business, Features, Housing market, Interest rates, Mortgage arrears, Mortgages, Northern Rock, Repossessions, The Guardian.

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…