What we do
UKAR was established in 2010 to facilitate the orderly management of the closed mortgage books of B&B and NRAM plc, formerly Northern Rock plc, to maximise value for taxpayers.
The Executive team of UKAR is focused on achieving this one objective, whilst ensuring that both B&B and NRAM Limited 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.
On 1 December 2015 UKARcs also became responsible for the administration of the Government's Help to Buy ISA 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 UKAR's subsidiary businesses. Both B&B and NRAM are individually authorised and regulated by the FCA.
UKAR's subsidiary business, UKARcs, operates entirely separately from UKAR's core function of servicing the loan books of B&B and NRAM.
26 Jul 2016
UK Asset Resolution Ltd ("UKAR") announces that Richard Pym has today retired from the Boards of UKAR, Bradford & Bingley plc and NRAM Limited.
18 Jul 2016
UKAR today confirms the final stage of the sale of a £13bn asset portfolio to affiliates of Cerberus Capital Management LP has taken place.
Key corporate information about UKAR for media and stakeholders.
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