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.
09 Jul 2014
UK Asset Resolution Ltd ("UKAR") announces that Ian Hares, Finance & Investment Director, has been appointed to the Boards of UKAR, Bradford & Bingley plc and NRAM plc with effect from 8 July 2014.
UKAR has commenced the potential sale of a portfolio of mortgages
19 Jun 2014
UK Asset Resolution (UKAR), the holding company for Bradford & Bingley plc (B&B) and NRAM plc (NRAM), has appointed Credit Suisse to commence a marketing process for a potential sale of a portfolio of performing residential mortgages from the legacy books of B&B, NRAM and Mortgage Express.
Key corporate information about UKAR for media and stakeholders.
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