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.
UK Asset Resolution announces successful sale of £13bn assets
13 Nov 2015
After a highly competitive six month bidding process, UK Asset Resolution Limited (UKAR) confirms that it has agreed to sell a £13bn asset portfolio to affiliates of Cerberus Capital Management LP (Cerberus).
UKAR Interim Results Announcement 2015
29 Oct 2015
UK Asset Resolution Limited ('UKAR') which incorporates Bradford & Bingley plc ('B&B') and NRAM plc ('NRAM') today issues its interim results for the six months ended 30 September 2015 ('H1 2015/16').
Key corporate information about UKAR for media and stakeholders.
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