UKAR, the Treasury company set up to wind down the unwanted mortgage books of Northern Rock and Bradford & Bingley, has now returned £10.4 billion to British taxpayers.
ITV News Business Editor Joel Hills is following developments.
UKAR has repaid £10.4 billion to taxpayer since formed in 2010. £38.3 billion to go.
However, the group has also warned that some Northern Rock and Bradforrd & Bingley customers may not be able to pay back their mortgages if interest rates go up.
UKAR says "a proportion" of customers "will struggle to maintain their mortgage repayments" if interest rates rise "significantly."
Note that 46% of 520,000 of UKAR mortgage accounts currently only paying interest on mortgage. ie Can't afford to repay loan itself.
More top news
Internet search engine says Cilla Black was the subject of more online searches than Kim Kardashian this year, beaten only by Taylor Swift.
A supermarket price war and fierce competition across the rest of the high street has seen shop prices slumped by a record level last month.
The PM urged Tory MPs not to side with Jeremy Corbyn by opposing British airstrikes against Islamic State in Syria, ahead of a Commons vote.