Government preparing to sell £17bn of Bradford & Bingley mortgages

Thousands of customers could be affected by move eight years after B&B was rescued by taxpayers during 2008 banking crisis

Thousands of customers of Bradford & Bingley face the prospect of having their mortgages sold off to another lender as the government prepares 17bn of home loans for sale.

The vast package of mortgages is in government hands because B&B had to be rescued by taxpayers during the 2008 banking crisis. The mortgages could be sold off in parcels or as one giant bundle of loans.

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