What we do
UKAR has been established to facilitate the orderly management of the closed mortgage books of both B&B and NRAM to maximise value for taxpayers.
The Executive team of UKAR manages both organisations focusing on this common objective, whilst ensuring that both companies continue to treat customers fairly, deliver consistently high levels of service and support those customers who are facing financial difficulty.
In addition, from 8 October 2013, UKAR Corporate Services (UKARcs) became responsible for the day to day administration of the Government's Help To Buy Mortgage Guarantee Scheme on behalf of HM Treasury.
How we work
UKAR is not authorised or regulated by the Financial Conduct Authority (FCA). UKAR does not deal with customers directly, who continue to be serviced through the subsidiary businesses of B&B and NRAM. Both B&B and NRAM are individually authorised and regulated by the FCA.
UKAR's new subsidiary business, UKARcs, operates entirely separately from UKAR's core function of servicing the loan books of B&B and NRAM.
NRAM plc v McAdam & Hartley – Court of Appeal decision in favour of NRAM
23 Jul 2015
NRAM notes the judgment made today by the Court of Appeal confirming that customers who took out unsecured loans of more than £25,000 under agreements that incorrectly stated these loans were regulated under the CCA, are not entitled to the same rights and remedies as those customers who took out loans that were regulated under the CCA.
UKAR Annual Report & Accounts 2015
16 Jun 2015
UK Asset Resolution Limited ('UKAR') which incorporates Bradford & Bingley plc ('B&B') and NRAM plc (formerly Northern Rock (Asset Management) plc) ('NRAM') today issues its results for the 12 month period ended 31 March 2015.
Key corporate information about UKAR for media and stakeholders.
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