Pounds 724m ; How Much Northern Rock Lost in Six Months As the Number of Mortgages in Arrears Rose

Summary


NORTHERN Rock lost a staggering pounds 724.2m in the first six months of the year.

The gloomy figure was revealed today as it also emerged there was an increase in the number of mortgages in arrears.

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Extract


Pounds 724m ; How Much Northern Rock Lost in Six Months As the Number of Mortgages in Arrears Rose

The nationalised bank said 3.92% of its mortgage loans were more than three months in arrears, well above the national average of 2.39%.

But ba...

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