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 – NRAM Board Seeks Leave to Appeal
14 Jan 2015
Further to the High Court’s decision on 10 December 2014, the Board of NRAM plc, following legal advice and having carefully considered the implications for both customers and taxpayers, has decided to seek leave to appeal the Court’s decision.
High Court Decision – NRAM Declaratory Proceedings
NRAM plc v McAdam & Hartley
10 Dec 2014
We note the High Courts decision today in relation to the declaratory proceedings brought by NRAM plc.
Key corporate information about UKAR for media and stakeholders.
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