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One Savings Bank directors bag £34m from share awards scheme

Mortgage Solutions | 28 Jul 2014 | 16:43

Twelve directors of One Savings Bank were handed £34m by the lender's June float thanks to a lucrative private equity award scheme.

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Regulators hit Lloyds group with £218m fine

Mortgage Solutions | 28 Jul 2014 | 15:29

Lloyds Banking Group has been fined £218m by UK and US authorities for failings including manipulating fees for a taxpayer-backed scheme designed to support the UK’s banks during the financial crisis.

Virgin Money repays Treasury for Northern Rock loan

Mortgage Solutions | 25 Jul 2014 | 13:47

Virgin Money is buying back the government's £154.5m stake in Northern Rock plc making it the sole owner of the previously troubled lender.

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Editorial comment

The idiot's guide to repossession

If you are in difficulty with your mortgage the first thing to do is don't stop paying what you can. Intent to pay goes a long way in the beginning.

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Lloyds completes largest ever mortgage asset move in Europe

Mortgage Solutions | 13 May 2014 | screening image

In partnership with Unisys, Lloyds Banking Group has moved 1.7m mortgages and £145bn of Halifax legacy assets on to a single platform in the biggest European banking migration ever.

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