What we do
UKAR has been established to facilitate the orderly management of the closed mortgage books of both B&B and NRAM to maximize 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.
UKAR Interim Results Announcement 2013
14 Nov 2013
As announced in the 2012 results on 25 March 2013 UKAR is changing the Group's accounting reference date from 31 December to 31 March in order to align the reporting period with HM Treasury.
08 Oct 2013
UK Asset Resolution Ltd ("UKAR") announces that Phillip McLelland, Finance Director, will be stepping down from the Boards of UKAR, Bradford & Bingley plc and Northern Rock (Asset Management) plc with effect from 25 November 2013.
Key corporate information about UKAR for media and stakeholders.
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