Nationwide is offering a 125% mortgage to help existing customers in negative equity.
Talk of a revival in the housing market remains unfounded, Nationwide says, after the building society published data showing house prices are still falling.
Steven Crawshaw, the former chief executive of the part-nationalised Bradford & Bingley, received more than £1m last year even although he only worked for five months because of ill health, The Guardian reports.
House prices fell 1.8% in February, taking the average price of a property down to £147,746, Nationwide Building Society reveals.
House prices fell again in December taking the annual fall to 16% and the average price to 2005 levels, a Nationwide survey shows.
The majority of Nationwide Building Society's tracker mortgage customers will not feel the benefit of any further cuts in interest rates, following an announcement by the lender today.
Consumer confidence dipped to its lowest level in more than four years during November, a study suggests.
Consumer confidence is the highest since December 2007, bolstered by Government rescue measures, according to Nationwide.
Nationwide Building Society will cut the price of some of its two year fixed rate deals, while increasing rates on selected tracker products.
House prices fell for a twelfth consecutive month in October, cutting almost 15% of the cost of the average British home, according to Nationwide Building Society.