Property News · January 7, 2016

Government preparing to sell £17bn of Bradford & Bingley mortgages


Thousands of customers could be affected by move eight years after B&B was rescued by taxpayers during 2008 banking crisisThousands of customers of Bradford & Bingley face the prospect of having their mortgages sold off to another lender as the government prepares £17bn of home loans for sale.The vast package of mortgages is in government hands because B&B had to be rescued by taxpayers during the 2008 banking crisis. The mortgages could be sold off in parcels or as one giant bundle of loans. Continue reading…

Source : theguardian.com
Read more…Government preparing to sell £17bn of Bradford & Bingley mortgages