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
A former Fox employee has died after apparently shooting himself outside the front doors of the News Corporation building.
French courts have forbidden two sets of parents from naming their two, unrelated, daughters Nutella and Strawberry.
A video has been posted online by students at Nottingham Trent University showing an alleged intruder stuck in a window of a building.