NORTHERN Rock has agreed to sell its portfolio of Lifetime home equity release mortgages to JPMorgan for £2.25bn.
The portfolio comprises gross assets with a balance sheet value of £2.2bn - around 2pc of its total assets as at June 2007 - though JPMorgan is paying a premium of 2.25pc, representing approximately £50m....
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created