Northern Rock's £270m blunder
Around 152,000 Northern Rock customers will receive hundreds of pounds each in refunds over incorrect paperwork in loan deals.
Northern Rock: 152,000 customers to receive compensation
Some 152,000 customers will get a total of £270 million compensation after mistakes by remnants of Northern Rock.
Northern Rock Asset Management, the publicly owned bit, made mistakes on loan documents between 2008 and now, so customers will get interest back.
If you had a loan with them you will be contacted in coming days to see if you will get compensation. It's a major embarrassment.
-
Could Virgin Money customers also be set for payouts?
After Northern Rock announced £270 million-worth of refunds to 152,000 customers, could Virgin Money also be set for a payout?
-
Northern Rock: Are you entitled to repayment?
Will Northern Rock send you money? What have they done wrong? And, what should you do now? Our Consumer Editor answers the key questions.
-
Northern Rock's small but extremely expensive mistake
Some 152,000 Northern Rock customers will get a total of £270 million compensation after a small but costly mistake.