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Bradford & Bingley loan sale restarts

The government is restarting the sale of £16bn of Bradford & Bingley mortgage loans after putting it on hold in the wake of the Brexit vote.

UK Asset Resolution said it had started the asset sale programme process and would send out non-disclosure agreements to potential buyers this week.

The number of loans in the portfolio that are either in arrears or repossession has fallen to just 2,803 from 14,326 during the financial crisis.

Click here for the full Times article (£)

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