It would be nice to follow that headline with something witty and clever about how Northern Rock hasn’t been rolling along with much momentum compared to previous years but that much is obvious to everyone. Losses in the region of £46 Million have recently been reported in connection with repossessions. According to moneyfacts that equates to an average loss of £19,350 per property. The story is a bit ambiguous with the figures but if I’m reading it right that would suggest it has repossessed something like 46,000,000/19,350 = 2377.3 properties since 2001. For one of Britain’s largest mortgage lenders that isn’t
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